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

Market Overview

Metal coatings are used in various ends use industries such as construction, automotive, marine, and electrical & electronics on account of their corrosion and weather resistance properties. They are applied on the surface of the metal to protect the metal surface from oxidation, rust & corrosion, and prevent chipping and scratching.  These coatings are made of different resins such as polyester, acrylic, epoxy, polyurethane, and alkyds among others. Polyester resins are being increasingly used in construction industry owing to good weather resistance and gloss retention.

The global metal coatings market growth is driven by the expanding construction industry in both developed and developing regions and increasing spending on the residential properties coupled with improving the living standard and rising disposable income of the consumer in the developing nations.

Reviving automotive industry in the developed regions coupled with growing demand for fuel-efficient vehicles as a result of strict environmental regulations is uplifting the market growth. Additionally, shifting manufacturing base from the developed nations to developing nations owing to easy availability of raw material and cheap labor is fuelling the product demand in the automotive industry.

Furthermore, emerging electrical and electronics industry and the initiatives taken by the government such as internet of things (IoT) and automation are likely to provide lucrative opportunities to the global metal coatings market. Rising preference of the consumers for built-in functions in the personal devices is expected to add fuel to the market substantially over the forecast period.

Some of the trends noticed among the key players in the metal coatings market includes new product launch and acquisitions. In 2017, BASF SE, the largest chemical producer in the world, introduced new light stabilizers for wood and metal coatings under the brand name Tinuvin. This product would help the company to formulate durable coatings for exterior use.

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

 

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).

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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