Vantage Market Research
Mar 28, 2023
In terms of revenue, the Global Metal Coatings Market is expected to reach USD 23.4 Billion by 2030, growing at a CAGR (Compound Annual Growth Rate) of 6.5% from 2023 to 2030.
The usage of Metal Coatings is being made possible by end-user industries switching from polyethene terephthalate (PET) to more ecologically friendly alternatives as a result of increased awareness of the negative environmental effects of plastic consumption. Due to its exceptional qualities, including malleability, excellent adhesion, thermal protection, wear resistance, colour and optical features, Metal Coatings are becoming more and more popular on a global scale. Several end users, including the automotive and transportation, maritime, consumer goods and home appliance, building and construction, and protective coating industries, use Metal Coatings. With metallic coating innovation on the rise and likely to lead to new uses for them, the market's future appears promising.
Key Highlights from the Report
- Based on End Uses, the construction segment dominates the Metal Coatings market with the maximum market share and will continue to dominate in the forecast period
- In terms of Region, North America holds the significant market share within the Metal Coatings market and will continue to dominate during the forecast period.
The growing demand from numerous end-use sectors, including automotive, construction, aerospace, and electronics, is what is driving the metal coating industry. Metal Coatings are used in the automobile industry to shield the body of the car from corrosion and general wear and tear, extending its lifespan. The development of novel technologies like nano-coatings is fuelling the growth of the metal coating sector. Nano-coatings provide greater adhesion, corrosion resistance, and other characteristics above traditional coatings.
The growing demand for fluoropolymer resin type in the building and construction industry is anticipated to have an impact on the market for Metal Coatings. The industry is expanding quickly because to the increased demand for Metal Coatings from the construction and automotive industries. Due to its characteristics like better texture, corrosion or oxidation resistance, good adhesion, optical, and wear resistance, Metal Coatings are an environmentally friendly solution. The product is utilized in construction-related applications for windows and doors.
The market for water-borne paints and coatings is beginning to offer opportunities, the main advantage it has over solvent-borne is that it is more environmentally friendly because it contains less volatile organic compounds (VOCs), which harm the environment. Water-borne paints are favoured due to their low odour, increased durability, and block resistance, among other qualities.
The Metal Coatings sector is growing, but there are a few obstacles which is preventing the market from developing further on a global scale. The market for Metal Coatings in the building and construction industry is hampered by the fluctuating cost of raw materials, regulations preventing the use of dangerous chemicals, and the substitution of composite materials for painted aluminium and steel sheets.
The Global Metal Coatings Market is Segmented as follows
- Resin Types
- Siliconized Polyester
- Other Resin Types
- Coil Coating
- Extrusion Coating
- Hot-Dip Galvanizing
- Liquid Coating
- Powder Coating
- End-Use Industries
- Building & Construction
- Automotive & Transportation
- Consumer Goods & Appliances
- Marine & Protective Coatings
- Other Industries
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Metal Coatings Market is
E.I. du Pont de Nemours & Company (U.S.), PPG Industries (U.S.), Axalta Coating Systems (U.S.), AkzoNobel N.V. (Netherlands), Nippon Paint Holdings Co. Ltd. (Japan), Henkel AG & Co. KGaA. (Germany), The Sherwin-Williams Company (U.S.), The Valspar Corporation (U.S.), BASF SE (Germany), Wacker Chemie AG (Germany), The Becker Group Ltd. (Germany)
The Global Metal Coatings Market Scope can be Tabulated as below
|Market Size Provided for Years||2017 - 2030|
|Historic Years||2017 - 2021|
|Forecast Years||2023 - 2030|
|Regions & Counties Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|