Metal Coatings Market Research Report – Forecast to 2030

Metal Coatings Market Information: By Form (Liquid And Powder), Method (Electroplating, Electroforming), Resin Type (Polyester, Acrylic, Epoxy), End-Use Industry (Construction, Automotive, Aviation, And Others), Region - Forecast till 2030

ID: MRFR/CnM/4694-HCR | February 2023 | Region: Global | 100 Pages         

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Metal Coatings Market

Metal Coatings Market is projected to be worth USD 24.23 billion by 2028, registering a CAGR of 6.5% during the forecast period (2021-2028).

Segmentation
By Form Liquid And Powder
Resin Type Polyester Acrylic Epoxy
Key Players
Companies Profiled   BASF SE (Germany)   DowDuPont (U.S.)   AkzoNobel N.V.(The Netherlands)   Valspar Corporation (U.S.)   PPG Industries Inc. (U.S.)   The Sherwin-Williams Company (U.S.)   Axalta Coating Systems (U.S.)   Kansai Paint Co.Ltd (Japan)    Beckers Group (Berlin)   Henkel AG & Co.   KGaA (Germany)   Nippon Paint Holding Co.Ltd (Japan)
Drivers
Market Driving Forces   expanding construction industry in both developed and developing regions    increasing spending on the residential properties coupled with improving the living standard and rising disposable income of the consumer in the developing nations
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Metal Coatings Market Overview Metal Coatings Market is projected to be worth USD 24.23 billion by 2028, registering a CAGR of 6.5% during the forecast period (2021-2028). Because of their corrosion and weather-resistant features, metal coatings are utilized in a variety of industries, including construction, automotive, marine, and electrical and electronics. They are applied to metal surfaces to protect them from oxidation, rust, and corrosion, as well as chipping and scratching. Polyester, acrylic, epoxy, polyurethane, and alkyds are just a few of the resins used in these coatings. Because of their weather resistance and gloss retention, polyester resins are becoming more popular in the building industry. The worldwide metal coatings market is being propelled forward by the expanding construction sector in both developed and emerging regions, as well as increased spending on residential properties, as well as rising consumer disposable income in developing countries. The market is developing due to a resurgent automotive sector in developed regions, as well as rising demand for fuel-efficient automobiles as a result of stringent environmental requirements. Furthermore, the automobile industry's product demand is being fueled by a movement in production base from developed to emerging countries, owing to the simple availability of raw materials and low labor costs. Additionally, the rising electrical and electronics industry, as well as government initiatives such as the internet of things (IoT) and automation, are expected to present attractive prospects for the worldwide metal coatings market. Over the projected period, rising consumer preference for built-in functions in personal devices is expected to significantly fuel the market.

Global Metal Coatings Market Share, by end-use industry, 2017 (%)


 Metal Coatings Market Share


Regional Analysis


Asia Pacific is the fastest growing region in the global metal coatings market owing to growing construction industry with rising investments in the infrastructure activities by the government. Initiatives taken by the Indian government such as the development of smart cities and construction of Navi Mumbai International Airport among others are likely to augment the market growth. Furthermore, rapidly expanding automotive industry in the developing nations as a result of increased spending on automobiles is driving the demand.


North America is another prominent region in the global metal coatings market due to expanding aviation industry. This is attributed to the increasing aircraft production to meet the surging demand for automobiles from the developing regions. The product consumption is enlarging in electrical and electronics industry with increasing spending on wireless speakers and home appliances.


Europe is expected to become a significant market during the review period with reviving automotive industry, especially in France, Germany, and Russia. Booming construction industry with rising investment on the remodeling of houses and commercial buildings is expected to drive the market growth.


Latin America is witnessing substantial growth for the metal coatings market with growing construction and automotive industry in Brazil, Argentina, and Colombia. The Middle East & Africa is likely to experience a substantial growth in the metal coating market with rising construction activities mainly in the UAE.


Segmentation


The global metal coatings market is segmented into form, method, resin type, end-use industry, and region.


On the basis of the form, the market is segregated into liquid and powder coatings. The liquid coatings are further sub-segmented into water based and solvent based.


Based on the method, the market is segmented into electroplating, electroforming, galvanizing, and anodizing.


Based on the resin type, the market is segmented into polyester, acrylics, epoxy, polyurethane, fluoropolymer, plastisol, and others.


Based on the end use industry, the global market is segmented into construction, automotive, aviation, electrical & electronics, marine, oil & gas, and others.


On the basis of the region, the metal coatings market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Key Players


Some of the key players in the global metal coatings market are Toefco Engineered Coating Systems, Inc. (U.S.), BASF SE (Germany), DowDuPont (U.S.), AkzoNobel N.V. (The Netherlands), The Valspar Corporation (U.S.), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Axalta Coating Systems (U.S.), Kansai Paint Co., Ltd (Japan). Beckers Group (Berlin), Henkel AG & Co., KGaA (Germany), and Nippon Paint Holding Co., Ltd (Japan).Recent Development


New product launches and acquisitions are some of the trends observed among the top players in the metal coatings industry. BASF SE, the world's largest chemical company, introduced new light stabilizers for wood and metal coatings under the Tinuvin brand in 2017. This product would aid the company in developing long-lasting exterior coatings. The worldwide metal coatings industry is consolidated, with prominent companies such as Axalta Coating Systems accounting for the majority of the market share.

Intended Audience



  • Metal coatings manufacturers

  • Traders and distributors of metal coatings

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



Report Scope:

Report Attribute/Metric Details
  Market Size   2030 : Significant Value
  CAGR   2030: Substantial CAGR
  Base Year   2021
  Forecast Period   2021 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Form, Method, Resin Type, End-Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Toefco Engineered Coating Systems, Inc. (U.S.), BASF SE (Germany), DowDuPont (U.S.), AkzoNobel N.V. (The Netherlands), The Valspar Corporation (U.S.), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Axalta Coating Systems (U.S.), Kansai Paint Co., Ltd (Japan). Beckers Group (Berlin), Henkel AG & Co., KGaA (Germany), and Nippon Paint Holding Co., Ltd (Japan)
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • expanding construction industry in both developed and developing regions
  • increasing spending on the residential properties coupled with improving the living standard and rising disposable income of the consumer in the developing nations


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    Frequently Asked Questions (FAQ) :

    The global metal coatings market is driven by the booming construction sector in developed and developing economies.

    Polyester is estimated to be the leading segment in the ‘resin type’ segment in the global metal coatings market.

    The construction industry is estimated to dominate the global metal coatings market.

    The APAC region can showcase the fastest growth rate in the global metal coatings market due to rising investments in the construction industry.

    Toefco Engineered Coating Systems, Inc., Kansai Paint Co., Ltd, BASF SE, PPG Industries, Inc., Axalta Coating Systems, The Sherwin-Williams Company, The Valspar Corporation, Beckers Group, AkzoNobel N.V., DowDuPont, Nippon Paint Holding Co., Ltd, Henkel AG & Co., KGaA are prominent players in the global metal coatings market.