Tempered coatings are protective coatings used to provide enhanced resistance to corrosion, abrasion, and other external damages. They are widely used for protective coating of windows, automotive rims, exterior walls, and other applications. The expanding construction industry globally, coupled with rising disposable incomes have fueled the demand for tempered coatings in recent years. The global Tempered Coatings Market is estimated to be valued at US$ 61.98 Billion in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends driving the growth in the tempered coatings market is the increasing residential and commercial construction activities across both developing and developed economies. Rapid urbanization is resulting in increased construction of residential and commercial buildings which is creating strong demand for tempered coated materials such as windows, door panels, and exterior walls. According to statistics, the global construction industry grew by 3.5% in 2021 reaching a value of over US$ 11 trillion. The industry is expected to grow at 3.2% CAGR through 2026. This rapid expansion in the construction industry is augmenting the consumption of tempered coatings.

Segment Analysis
The global tempered coatings market is dominated by building and construction segment. Tempered coatings are widely used in building facades, roofs and windows owing to their good tolerance to temperature fluctuations and weathering. They provide long lasting protection and retain color and gloss over years of exposure to sunlight and harsh weather. The building and construction segment accounted for over 35% of global tempered coatings consumption in 2024 driven by the ongoing infrastructure development activities across both developed and emerging economies.

Key Takeaways
The Global Tempered Coatings Market Share is expected to witness high growth over the forecast period 2024 to 2031 driven by increasing construction activities.

Regional analysis: Asia Pacific region leads the global tempered coatings market due to huge ongoing infrastructure development in countries like China and India. The region accounted for over 40% of global demand in 2024 driven by rapid urbanization, population growth and economic expansion in the key countries.

Key players operating in the tempered coatings market are BrightSource Energy, Inc., EnergyNest AS., Ice Energy, Baltimore Aircoil Company, Inc., Abengoa Solar, S.A, Burns & McDonnell, Inc., and DC Pro Engineering. BrightSource Energy, Inc. is a leading player focusing on developing utility scale solar thermal power plants globally.

For more details on the report, Read- https://www.insightprobing.com/tempered-coatings-market-size-and-share-2/