Metal Coatings Market Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2023

The Global Metal Coating Market is expected to account for a significant market share over the forecast period, at a remarkable CAGR, as predicted by Market Research Future (MRFR).

The Growth Global Metal Coatings Market is influenced by the expanding construction industry in both developed and developing regions and increasing expenditure on the residential properties along with evolving the lifestyle and growing disposable income of the consumer in the developing nations.

The thriving automotive industry in the developed regions along with increasing demand for fuel-efficient vehicles owing to the strict environmental regulations is uplifting the market growth. Additionally, shifting the manufacturing base from the developed nations to developing nations owing to the easy availability of raw material and inexpensive labor is likely to fuel the demand for Metal Coatings from the automotive industry over the review period.

Furthermore, the Emerging Electrical and Electronics Industry along with the initiatives are taken by the governments towards the adoption of the internet of things (IoT), artificial intelligence and automation are likely to offer lucrative opportunities in the Global Market for Metal Coatings. Rising preference of the consumers for built-in functions in personal devices is also expected to drive the market significantly over the forecast period.

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Key Players:

The Key Market Players Operating in the Global Metal Coatings Market are AkzoNobel N.V. (The Netherlands), Axalta Coating Systems (U.S.), BASF SE (Germany), DowDuPont (U.S.), Henkel AG & Co., KGaA (Germany), The Valspar Corporation (U.S.), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Kansai Paint Co., Ltd (Japan). Beckers Group (Berlin), Nippon Paint Holding Co., Ltd (Japan), and Toefco Engineered Coating Systems Inc. (U.S.).

Segmental Analysis:

The Global Metal Coatings Market is segmented based on Form, Method, Resin Type, End-Use Industry and Region.

The Metal Coatings found in the market are usually in the form of liquid and powder coatings. The liquid coatings are further sub-segmented into water-based and solvent-based.

The various methods used for Metal Coatings in the market are anodizing, and electroforming, electroplating, galvanizing.

Based on the Type of Resin, the Metal Coatings Market is segmented into acrylics, epoxy, polyester, polyurethane, fluoropolymer, plastisol, and others.

The End-Users of the Global Market for Metal Coatings is segmented into automotive, aviation, construction, electrical & electronics, marine, oil & gas, and others.

Regional Analysis:

Based on the Region, the Global Metal Coatings Market is divided into Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America.

The Asia Pacific (APAC) is the fastest-growing region in the Global Metal Coatings Market owing to the rising construction industry with growing investments in the infrastructural activities for the development by the government. Initiatives taken by the government authorities of developing countries in the region towards the development of smart cities and construction of airports, among others are likely to increase the market growth over the forecast period. In addition, the rapidly increasing automotive industry in the developing nations such as India China and Japan as a consequence of increased expenditure on automobiles is fueling the demand.

North America is the largest region in the Global Metal Coatings Market due to the increasing aviation industry. This is attributed to the growing aircraft production to meet the increasing demand for automobiles from the developed nations with a well-to-do consumer base such as U.S. Canada. The product consumption is expanding in the electrical and electronics industry with increasing expenditure on wireless speakers and home appliances by market players, which is driving the markets for these products.

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Europe is likely to account for a significant market share during the review period with the vitalizing automotive industry, especially in France, Germany, Russia, and the U.K. Thriving construction industry with increasing investment in the remodeling of residential and commercial infrastructure is expected to drive the market growth over the forecast period.

Latin America is witnessing considerable growth for the Metal Coatings Market with rising automotive and construction industry in Argentina, Brazil, and Colombia. The Middle East & Africa is likely to contribute to major market growth in the metal coating market with increasing construction activities mainly in Saudi Arabia and the UAE.

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Metal Coatings Market Size Estimation, Current Industry Status, Growth Opportunities, Top Key Players, Target Audience and Forecast to 2023

Metal Coatings Market- Overview

The Global Metal Coatings Market is predicted to soar high at an exceptional CAGR during the forecast period (2018-2023), as reported by Market Research Future (MRFR).

Metal coating protects an unprotected metal from rusting and corroding due to environmental exposure. Metal Coatings are usually made from polymers, such as epoxy, polyurethane, and moisture cure urethane. The Metal Coating makes the metal more durable by providing innovative applications, smooth surface, and green benefits and also offers cost benefits.

Metal Coatings Market- Drivers and Restraints:

There is an increase in the application of Metal Coatings owing to the rapidly growing industrialization and urbanization, which is the major factor in the growth of the Global Metal Coatings Market. Also, the increase in infrastructure development and spending, especially for commercial and residential sectors has augmented the demand for the end products of coated metals. This factor drives the growth of the Global Metal Coating Market. The benefits offered by Metal Coatings such as increased durability, corrosion resistance, and improved texture, accelerates the demand and fuels the growth of the Global Metal Coating Market.

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Moreover, thriving electrical and electronics industry and emergence of internet of things (IoT) and automation are likely to offer lucrative opportunities to the Global Metal Coatings Market. Growing consumer preference for built-in functions in the personal devices is touted to add ammunition to the market growth in coming years.

However, the strict rules and regulations of various government bodies pertaining to environment protection may hamper the growth of the Global Metal Coating Market. On the other hand, benefits offered by Metal Coatings such as increased durability, corrosion resistance, and improved texture, highlight the appeal of Metal Coatings and are expected to further fuel the growth of the Global Metal Coating Market in the foreseeable future.

Market Segmentation:

The Global Metal Coatings Market is segmented into Form, Method, Resin Type and End-Use Industry.

Form-Wise, the market is segmented into liquid and powder coatings. The liquid coatings are sub-segmented into water based and solvent based. The market for powder coating has grown significantly due to increasing technological advancements and growing demand from applications such as architectural; appliances; automotive; furniture; agriculture, construction, and earthmoving equipment (ACE).

By Method, the market is segmented into electroplating, electroforming, galvanizing, and anodizing. Electroplating segment is growing at a phenomenal rate due to surging demand for automobiles, consumer goods, and aircraft.

By Resin Type, the market is segmented into polyester, acrylics, epoxy, polyurethane, fluoropolymer, plastisol, and others. The soaring popularity of polyester resins refers to its rising use as a thermosetting system in a variety of applications. This is accentuated by the use of fillers, reinforcements, and additives to enhance their physical and chemical properties.

By End-Use Industry, the global market is segmented into construction, automotive, aviation, electrical & electronics, marine, oil & gas, and others. The construction industry is in constant need for coatings that can impart anticorrosion properties, as the steel structures are in constant threat of corrosion and need protection.

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Regional Outlook:

Based on Region, the Metal Coatings Market is segmented into North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

APAC is touted to be the fastest growing region in the Global Metal Coatings Market. This can be attributed to the expanding construction industry and rising investments in the infrastructure activities by the government. Initiatives taken by the government in India such as the development of smart cities and construction of Navi Mumbai International Airport among others are envisaged to augment the market growth. Apart from this, rapidly expanding automotive industry in the developing economies as a result of increased spending on automobiles is triggering the demand for Metal Coatings in the region.

North America is another key region in the Global Metal Coatings Market on account of the expanding aviation industry. Increasing aircraft production to cater to the surging demand for automobiles from the developing regions has made a vast difference in the market growth. The product consumption is burgeoning in the electrical and electronics industry with increasing spending on wireless speakers and home appliances. All these factors have led to tremendous market performance in the region.

Europe is projected to manifest into a formidable market during the review period because of the reviving automotive industry, especially in France, Germany, and Russia. Flourishing construction industry coupled with rising investment on the remodeling of houses and commercial buildings is known to be the major driver of the market growth in Europe.

Latin America, on the other hand, is exhibiting substantial market growth with growing construction and automotive industry in Brazil, Argentina, and Colombia. Whereas, the Middle East & Africa is contemplated to note a considerable growth in the Metal Coating Market owing to rising construction activities mainly in the United Arab Emirates (UAE).

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Metal Coatings Market Global Analysis 2019, Research News, Industry Review, Applications and Forecast to 2023

The Global Metal Coatings Market is the subject of the latest research study from Market Research Future (MRFR). The Global Metal Coatings Market is analyzed in detail in the report, including coverage of the market’s major drivers and restraints, key players, and leading segments. A comprehensive overview of the Global Metal Coatings Market is provided in the report.

Metal coatings are used in various end-use industries to enhance the physical characteristics of metal surfaces and impart qualities such as enhanced resistance to weather elements and other contaminants. The growing demand for performance enhancements in various industries is likely to drive the demand from the Global Metal Coatings Market over the forecast period.

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The automotive and construction industries have emerged as major consumers in the Global Metal Coatings Market in recent years, thanks to the growing scope of these industries and the growing efforts from industry players to achieve material enhancements at minimal costs and efforts. Metal Coatings are used in the construction as well as automotive industries to make the metal surfaces more resistant to moisture and other environmental contaminants. Especially in the automotive industry, metal coatings also play a vital role in maintaining the aesthetic appearance of the metal surfaces of cars. The growing demand for premium automobiles with high levels of aesthetic appeal is likely to drive the demand for metal coatings from the automotive industry over the forecast period.

The electrical and electronics industry is also likely to emerge as a key consumer in the Global Metal Coatings Market over the forecast period due to the growing demand for advanced physical characteristics in consumer electronics. The aviation and marine industrial setups could also account for a major share in the Global Metal Coatings Market over the forecast period, due to the increasing demand for lightweight metal surfaces that provide enhanced levels of physical resistance and mechanical strength.

Competitive Analysis:

Leading players in the Global Metal Coatings Market include Nippon Paint Holding Co. Ltd., Henkel AG & Co. KGaA, Beckers Group, Kansai Paint Co. Ltd., Axalta Coating Systems, the Sherwin-Williams Company, PPG Industries Inc., The Valspar Corporation, AkzoNobel N.V., DowDuPont, BASF SE, and Toefco Engineered Coating Systems Inc.

Mergers and acquisitions are a common competitive strategy for players in the global metal coatings market. In April 2019, AZZ Inc. completed two acquisitions: of Tennessee Galvanizing Inc., a private company in Tennessee, and K2 Partners Inc., a private company specializing in powder coating and electroplating services in the U.S. Midwest and Southeast.

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Segmentation: 

The Global Metal Coatings Market is segmented on the basis of Form, Method, Resin Type, End-Use Industry and Region.

On the Basis of Form, the Global Metal Coatings Market is segmented into liquid and powder coatings. The liquid coatings segment is further sub-segmented into water-based and solvent-based coatings.

Based on the Method, the Metal Coatings 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 Metal Coatings Market is segmented into construction, automotive, aviation, electrical and electronics, marine, oil and gas, and others.

Regional Analysis:

Asia Pacific is likely to emerge as the most prominent regional market in the Global Metal Coatings Market over the forecast period thanks to the growing commercial scope of the automotive, aviation, and construction industries in the region. The growing economic capacity of the emerging countries in Asia Pacific, including India, China, Japan, South Korea, Indonesia, and Australia, has led to a growing demand for premium products in the construction and automotive industries, which has led to a growing demand from the Metal Coatings Market in the region. The growing disposable income of consumers in the region has also led to a rise in the demand for air travel, thus driving the aviation industry in the region. The growing urbanization in these countries is likely to remain a major driver for the Global Metal Coatings Market over the forecast period.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Metal Coatings Market 2019 Trends, Industry Analysis, Outlook and Global Forecasts 2023

Market Segmentation:

The Global Metal Coatings Market is segmented into Form, Method, Resin Type and End-Use Industry.

Form-Wise, the market is segmented into liquid and powder coatings. The liquid coatings are sub-segmented into water based and solvent based. The market for powder coating has grown significantly due to increasing technological advancements and growing demand from applications such as architectural; appliances; automotive; furniture; agriculture, construction, and earthmoving equipment (ACE).

By Method, the market is segmented into electroplating, electroforming, galvanizing, and anodizing. Electroplating segment is growing at a phenomenal rate due to surging demand for automobiles, consumer goods, and aircraft.

By Resin Type, the market is segmented into polyester, acrylics, epoxy, polyurethane, fluoropolymer, plastisol, and others. The soaring popularity of polyester resins refers to its rising use as a thermosetting system in a variety of applications. This is accentuated by the use of fillers, reinforcements, and additives to enhance their physical and chemical properties.

By End-Use Industry, the global market is segmented into construction, automotive, aviation, electrical & electronics, marine, oil & gas, and others. The construction industry is in constant need for coatings that can impart anticorrosion properties, as the steel structures are in constant threat of corrosion and need protection.

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Key Players:

The prominent companies in the global market include AkzoNobel N.V. (The Netherlands), The Valspar Corporation (U.S.), Toefco Engineered Coating Systems, Inc. (U.S.), BASF SE (Germany), DowDuPont (U.S.), Kansai Paint Co., Ltd (Japan), Beckers Group (Berlin), Henkel AG & Co., KGaA (Germany), Nippon Paint Holding Co., Ltd (Japan), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Axalta Coating Systems (U.S) and others.

August 2018 – The Road Transport and Highway Ministry has proposed that all automobile manufacturers must now use 70% galvanized steel for car body panels for all vehicles sold in India. This regulation comes under corrosion prevention rule for cars manufactured in India. This compels manufacturers to extensively use Metal Coating procedure as such coating improves the safety of the structure and also results in less corrosion.

Metal Coatings Market- Drivers and Restraints:

There is an increase in the application of metal coatings owing to the rapidly growing industrialization and urbanization, which is the major factor in the growth of the Global Metal Coatings Market. Also, the increase in infrastructure development and spending, especially for commercial and residential sectors has augmented the demand for the end products of coated metals. This factor drives the growth of the Global Metal Coating Market. The benefits offered by Metal Coatings such as increased durability, corrosion resistance, and improved texture, accelerates the demand and fuels the growth of the Global Metal Coating Market.

Moreover, thriving electrical and electronics industry and emergence of internet of things (IoT) and automation are likely to offer lucrative opportunities to the Global Metal Coatings Market. Growing consumer preference for built-in functions in the personal devices is touted to add ammunition to the market growth in coming years.

However, the strict rules and regulations of various government bodies pertaining to environment protection may hamper the growth of the Global Metal Coating Market. On the other hand, benefits offered by Metal Coatings such as increased durability, corrosion resistance, and improved texture, highlight the appeal of Metal Coatings and are expected to further fuel the growth of the Global Metal Coating Market in the foreseeable future.

Regional Outlook:

Based on Region, the Metal Coatings Market is segmented into North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

APAC is touted to be the fastest growing region in the Global Metal Coatings Market. This can be attributed to the expanding construction industry and rising investments in the infrastructure activities by the government. Initiatives taken by the government in India such as the development of smart cities and construction of Navi Mumbai International Airport among others are envisaged to augment the market growth. Apart from this, rapidly expanding automotive industry in the developing economies as a result of increased spending on automobiles is triggering the demand for Metal Coatings in the region.

North America is another key region in the Global Metal Coatings Market on account of the expanding aviation industry. Increasing aircraft production to cater to the surging demand for automobiles from the developing regions has made a vast difference in the market growth. The product consumption is burgeoning in the electrical and electronics industry with increasing spending on wireless speakers and home appliances. All these factors have led to tremendous market performance in the region.

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Europe is projected to manifest into a formidable market during the review period because of the reviving automotive industry, especially in France, Germany, and Russia. Flourishing construction industry coupled with rising investment on the remodeling of houses and commercial buildings is known to be the major driver of the market growth in Europe.

Latin America, on the other hand, is exhibiting substantial market growth with growing construction and automotive industry in Brazil, Argentina, and Colombia. Whereas, the Middle East & Africa is contemplated to note a considerable growth in the Metal Coating Market owing to rising construction activities mainly in the United Arab Emirates (UAE).       

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Metal Coatings Market New Industry Research on Present State & Future Growth Prospects by 2023

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.

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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).

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.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Metal Coatings Market 2018 | Challenges, Key Players, Industry Segments, Forecast Report 2023

Market Segmentation

The Global Metal Coatings Market is segmented by Form, Method, Resin Type, End-Use Industry, and Region. On the basis of the form, the market is segmented into liquid and powder coatings. The liquid coatings are sub-segmented into water based and solvent based. The liquid form coatings accounted for the largest market share due to increasing use of waterborne coatings with less or zero volatile organic compounds (VOC) in the automotive industry. The market for powder form coatings is likely to witness a substantial growth during the review period with rising environmental regulations in the developed nations.

Based on the Processing Method, the market is segmented into electroplating, electroforming, galvanizing, and anodizing. Electroplating method is used to stick solution of cadmium or chromium to a metal owing to corrosion resistance and good appearance. The galvanizing process is used to apply zinc to a ferrous metal to prevent corrosion.

Based on the Resin Type, the market is segmented into polyester, acrylics, epoxy, polyurethane, fluoropolymer, plastisol, and others. The polyester accounted for the largest market share owing to resistance to chemicals, stretching, wrinkle, and abrasion and enlarging use in automotive industry. Acrylic is the fastest growing resin type as a result of rising use of water borne coating in automotive industry. Epoxy and polyurethane resins are used for applications requiring resistance to harsh environmental conditions.

Based on the End Use Industry, the global market is segmented into construction, automotive, aviation, electrical & electronics, marine, oil & gas, and others. The construction industry accounted for the largest market share owing to rising construction activities in the developing nations such as India and China. Expanding automotive industry with rising demand for lightweight vehicles is uplifting the market growth.

Competitive Analysis

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).

Regional Analysis

Asia Pacific is leading the Metal Coatings Market due to increasing investment in both residential and commercial construction activities coupled with rapid urbanization coupled with the initiation of construction projects by the government of India such as Inland waterways projects are driving the Metal Coatings Market.

North America is likely to exhibit a significant growth during the review period with growing construction activities and expanding aircrafts production. Europe is expected to bolster the market growth with increasing demand from the major end use industries such as construction, automotive, and paints & coatings among other.

Latin America and the Middle East and Africa are likely to witness a healthy growth during the review period with growing automotive and construction industries.

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