About Metallic Coatings
Metallic Coatings market has high growth prospects due to the demand for building & construction, automotive & transportation, and others. The metallic coatings are strong, durable, corrosion resistance, and improved texture. The demand for direct-to-metal coatings is on a rise owing to its cost efficiency and environmental benefits. Direct-to-Metal coatings are witnessing demand in light and medium-duty industrial application with need or protection from elements such as UV degradation or corrosion. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on fastest-growing verticals for the mega construction projects.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 6.9% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Metallic Coatings market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
E.I. du Pont de Nemours and Company (United States), PPG Industries (United States), Axalta Coating Systems. (United States), AkzoNobel N.V. (Netherland), Nippon Paint Holdings Co., Ltd. (Japan), Henkel AG & Co., KGaA (Germany), The Sherwin-Williams Company (United States), The Valspar Corporation (United States) and BASF SE (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kansai Paint Co., Ltd.(Japan), Wacker Chemie AG (Germany) and The Becker Group, Ltd. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Metallic Coatings market by Type (Polyester, Plastisol, Siliconized Polyster, Fluoropolymer, Polyurethane and Others), Application (Building & Construction, Automotive & Transportation, Consumer Goods & Appliances, Marine and Protective Coatings and Others) and Region.
On the basis of geography, the market of Metallic Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. Liquid Coating will boost the Metallic Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process, the sub-segment i.e. Coil Coating will boost the Metallic Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Automotive industry at Asia-Pacific Region
Market Growth Drivers:
Increasing Number of Automotive, Building & Construction Sector. and Growing Demand of Metallic Coating at Asia-Pacific Regions
Challenges:
Stringent Government Rules and Regulations and Stiff Competition between Major Players
Restraints:
Fluctuation of Raw Materials Price and Composite Materials Replacing Painted Aluminium in Building and Construction Industry.
Opportunities:
Increasing Demand of Fluoropolymer Resin Type in Building & Construction Industry. and Growing Number of Steel And Aluminum Protected Skyscrapers.
Market Leaders and their expansionary development strategies
In May 2022, AZZ Inc. a global provider of galvanizing and metal coating solutions, welding solutions, specialty electrical equipment and highly engineered services for maintaining and building critical infrastructure, announces that it has completed its acquisition of the Precoat Metals (St. Louis, Missouri) business division of Sequa Corporation
In March 2024, Hardide Coatings has launched the first in a new range of ready coated and enhanced components with a JP-5000 4” copper nozzle used in High-Velocity Oxy Fuel (HVOF) thermal spray coating.
Key Target Audience
Metallic Coatings Manufacturers, Metallic Coatings Traders, End-Use Market Participants of Different Segments of Metallic Coatings, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.