Metal Coatings Market: Future Scenarios and Business Development Approaches through 2018-2027

Posted on 2020-01-28 by Mark Hub in Chemicals // 0 Comments

In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global metal coatings market considering 2014-2018 as the historic year and 2019–2029 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting metal coatings market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume. The growth in the metal coatings market is likely to remain robust. The global demand for metal coatings is expected to reach 6.5% CAGR during the forecast period, 2018-2027.

The metal coatings market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are The Sherwin Williams Company, Axalta Coating Systems Ltd., Nippon Paints Holding co., ltd., and many more.

The substantial growth of new construction projects in the APEJ region is likely to influence the sales of metal coatings in the forthcoming years. China and India are the countries driving most of the demand in the metal coatings market. The demand for metal coatings with fewer layers and lower cure temperatures is also increasing by the industrial coatings customers. With new regulations, demand for the eco-friendly metal coatings with low or zero VOC is also visible in APEJ region. China is also planning to charge a tax on VOC emission for solvent-based paints and coatings.

Fluoropolymers Hold Largest Share in Metal Coatings Market

Providing excellent chemical and corrosion resistance, fluoropolymers are finding large application across various industries. The growth of fluoropolymers in metal coatings market is likely to remain positive with the demand exceeding 1,000’000 tons by 2018 end, as per the study by Fact.MR.

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Fluoropolymers coatings are finding large application in architectural coatings exhibiting low surface energies, high resistance to water, chemicals, oils, and UV radiation, especially in exterior application. Manufacturers in the metal coatings market are also focusing on designing new products to address concerns associated with perfluorooctanesulfonic acid and perfluorooctanoic acid found in many fluoropolymer chemicals. Owing to the need and manufacturing of lightweight materials in aerospace, automotive, and semiconductor industry, the demand for fluoropolymers is increasing in these industries.

Meanwhile, manufacturers in the metal coatings market have also started developing green fluoropolymers in response to the growing environmental impacts of various chemicals used in metal coatings. The demand for high-performance fluoropolymers is also rising with the large application in electronics, and non-stick coating on cookware.

Metal Coatings to Find Large Application in Architectural Industry

The architectural industry is likely to use metal coatings on a large scale mainly in steel and aluminum substrate. Innovation in steel technology, with the development of lightweight and composite steels, has led to the rise in steel based structures. While constant threat of corrosion of steel structures is driving the demand for metal coatings imparting anti-corrosion properties.

The use for metallic coatings and paints has also surged in the construction industry in order to provide a striking and vibrant surface effect. The rise in the use of standard metals including brass, aluminum, copper, and iron in the architectural and interior design projects has led to the increased demand for non-toxic and durable metal coatings.

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Liquid fluoropolymer coatings have been used for a long time in the construction of buildings in North America. However, with the growing trend of green building construction, especially in North America, the use and demand for metal coatings in powder form has increased as compared to the liquid metal coatings made using solvents and emitting VOCs. Meanwhile, new generation of power metal coatings are also under development providing capability of liquid coatings.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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