Download Sample, Increase in Use of Metal Coatings in Automotive, Aerospace and Industrial Applications
Metal coatings are utilized in a range of sectors, including architecture, automotive, marine, electrical, and electronics, due to their corrosion- and weather-resistant properties. The resins used in these coatings include polyester, acrylic, epoxy, polyurethane, and alkyl, to name just a few. Polyester resins are becoming more used in the building sector because of their weather resistance and gloss retention. The growing market for residential real estate, rising consumer disposable income in developing nations, and the expanding construction industry in both developed and emerging areas are all driving growth in the global metal coatings market.
The market is growing as a result of a resurgent automobile industry in developed nations. Additionally, the expanding electrical and electronics sector is anticipated to provide significant opportunities for the global metal coatings market, as are government initiatives like the Internet of Things (IoT) and automation. Rising customer desire for in-built features in personal devices is anticipated to considerably drive the market over the anticipated period.
The market is growing as a result of a resurgent automobile industry in developed nations. Additionally, the expanding electrical and electronics sector is anticipated to provide significant opportunities for the global metal coatings market, as are government initiatives like the Internet of Things (IoT) and automation. Rising customer desire for in-built features in personal devices is anticipated to considerably drive the market over the anticipated period.
The Growth of the Metal Coating Market is Largely Influenced by the Automotive Industry
The automobile sector is a major end-user of metal coatings. Approximately 70% of an automobile's weight is composed of iron and steel. One of the key materials used in the manufacturing of automobiles is surface-treated steel sheets. For basic automotive frames like hoods, bumpers, doors, mufflers, and galvanized steel sheets, surface-treated steel sheets are required. Additionally, metal coatings are necessary to prevent these hoods, doors, and other components from rusting and oxidizing. As a result, the rising number of vehicles has been one of the key factors driving the demand for metal coatings. Recent industry consolidation has been noticed, which has facilitated the sector's responsiveness to demand. Metal coatings have become more in demand as a result of this. The current trend toward environmentally friendly automobiles with organic coatings, batteries, and other materials/products has also jolted the market for metal coatings.
Recent Trends in the Metal Coatings Industry
- Nanotechnology advancements enhance durability and corrosion resistance.
- Increased focus on antimicrobial coatings for hygiene and safety applications.
- Adoption of UV-curable coatings for faster curing and improved efficiency.
- Expansion of metal coatings in automotive and aerospace industries.
- Growing demand for eco-friendly coatings boosts the adoption of water-based options.
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Coil Coatings to Remain the Most Lucrative Segment
Architecture is one of the major end-use industries for coil coatings, and there has been great development in this sector globally. It is anticipated that the worldwide coil coatings market will see consistent expansion as a result of the expanding infrastructure developments and accelerating industrialization throughout the world. One major factor anticipated to drive the market in the forthcoming years is the rising demand for oil and gas resources on a global scale.
The market is expected to grow as alloys and metals, particularly steel, are increasingly used in constructions like pipes, reactors, and pipelines for the oil and gas industry. Before being used for diverse purposes, the majority of the steel products used by the oil and gas industry across the world must require coil-coating paint. Another aspect that is anticipated to support growth is the increasing production of oil and gas in unexplored regions.
The market is expected to be driven by the increasing use of metals in electrical and electronic equipment to create armatures, transformers, inductors, and coils. To improve the efficiency of household appliances, a color-coated coil is used. Vendors are being forced by the rising demand for power to produce new transformers and armatures on a regular basis. This field is expected to increase demand for metals and the requirement for coil coating processes.
The World Steel Association reports that in 2021, about 1330.2 million tonnes (Mt) of steel were produced in Asia and Oceania, 158.7 million tonnes (Mt) in the European Union and the United Kingdom, 59.9 million tonnes (Mt) in the Commonwealth of Independent States, and 48.1 Mt in the Middle East. Globally expanding steel production is expected to increase demand for coil coating products.
The market is expected to grow as alloys and metals, particularly steel, are increasingly used in constructions like pipes, reactors, and pipelines for the oil and gas industry. Before being used for diverse purposes, the majority of the steel products used by the oil and gas industry across the world must require coil-coating paint. Another aspect that is anticipated to support growth is the increasing production of oil and gas in unexplored regions.
The market is expected to be driven by the increasing use of metals in electrical and electronic equipment to create armatures, transformers, inductors, and coils. To improve the efficiency of household appliances, a color-coated coil is used. Vendors are being forced by the rising demand for power to produce new transformers and armatures on a regular basis. This field is expected to increase demand for metals and the requirement for coil coating processes.
The World Steel Association reports that in 2021, about 1330.2 million tonnes (Mt) of steel were produced in Asia and Oceania, 158.7 million tonnes (Mt) in the European Union and the United Kingdom, 59.9 million tonnes (Mt) in the Commonwealth of Independent States, and 48.1 Mt in the Middle East. Globally expanding steel production is expected to increase demand for coil coating products.
Impact of Covid-19 era & Restriction in the Metal Coating Market
The market for architectural metal coatings has had some growth restraints due to the COVID-19 pandemic. The market growth was severely impacted by a drop in construction activity brought on by the implementation of the lockdown and workforce impairment. During the pandemic, delays in construction projects, a shortage of raw materials, and operational difficulties were seen everywhere. Construction stopped in order to maintain social distancing standards and stop the virus from spreading.
However, the metal coating industry's fixturing method is extremely costly, which could increase the expense of the metal coating procedure and impede the expansion of the global metal coating market. The strict laws and regulations of the various governments are in place since the waste produced during the removal of metal coatings is hazardous to the environment and might potentially slow the expansion of the global metal coating market. In 2017, the launch of fresh light stabilizers for wood and metal coatings under the Tinuvin brand by BASF SE, the largest chemical manufacturer in the world. This product would help the business develop robust exterior coatings.
The market's leading companies for metal coatings are PPG Industries Inc., DuPont, Akzo Nobel N.V., BASF SE, The Sherwin-Williams CompanyBeckers Group, Henkel AG & Co. KGaA, Nippon Paint Holdings Co., Ltd., Valspar, NOF METAL COATINGS GROUP, , Axalta Coating Systems, Kansai Paint Co., Ltd., Alucoil, UMC, AZZ Inc., The Magni Group, Inc., FameLine Products, Praxair S.T. Technology, Inc, Hempel A/S and Technicoat s.r.o., among other domestic and global players.
However, the metal coating industry's fixturing method is extremely costly, which could increase the expense of the metal coating procedure and impede the expansion of the global metal coating market. The strict laws and regulations of the various governments are in place since the waste produced during the removal of metal coatings is hazardous to the environment and might potentially slow the expansion of the global metal coating market. In 2017, the launch of fresh light stabilizers for wood and metal coatings under the Tinuvin brand by BASF SE, the largest chemical manufacturer in the world. This product would help the business develop robust exterior coatings.
The market's leading companies for metal coatings are PPG Industries Inc., DuPont, Akzo Nobel N.V., BASF SE, The Sherwin-Williams CompanyBeckers Group, Henkel AG & Co. KGaA, Nippon Paint Holdings Co., Ltd., Valspar, NOF METAL COATINGS GROUP, , Axalta Coating Systems, Kansai Paint Co., Ltd., Alucoil, UMC, AZZ Inc., The Magni Group, Inc., FameLine Products, Praxair S.T. Technology, Inc, Hempel A/S and Technicoat s.r.o., among other domestic and global players.
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Asia-Pacific Dominate the Global Metal Coatings Market
Asia Pacific is the region with the fastest expansion in the global metal coatings market as a result of a rising construction sector and increased government spending on infrastructure projects. The Indian government's initiatives, including the creation of smart cities and the building of the Navi Mumbai International Airport, among others, are projected to accelerate market expansion. Additionally, the demand is being driven by the rapidly growing automotive sector in emerging countries as a result of rising vehicle expenditure. Furthermore, China consumes more than 40% of the world's steel production, making it the market leader for metal coatings in the construction sector. Strong demand for metal coatings is being further fuelled by China's booming automobile industry.
Due to the expanding aviation industry, North America is another significant area in the global metal coatings market. This is due to rising airplane manufacturing to match the explosive growth in vehicle demand from developing nations. With rising expenditure on wireless speakers and household appliances, the electrical and electronics industry's product consumption is expanding. With developing construction and automotive industries in Brazil, Argentina, and Colombia, Latin America is experiencing significant expansion in the metal coatings market. The market for metal coatings in the Middle East and Africa is anticipated to expand significantly due to an increase in construction activity, especially in the UAE.
Due to the expanding aviation industry, North America is another significant area in the global metal coatings market. This is due to rising airplane manufacturing to match the explosive growth in vehicle demand from developing nations. With rising expenditure on wireless speakers and household appliances, the electrical and electronics industry's product consumption is expanding. With developing construction and automotive industries in Brazil, Argentina, and Colombia, Latin America is experiencing significant expansion in the metal coatings market. The market for metal coatings in the Middle East and Africa is anticipated to expand significantly due to an increase in construction activity, especially in the UAE.
The report provides a detailed overview of the metal coatings market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for the metal coatings market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the metal coatings market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which is anticipated to have a substantial impact on the growth of the metal coatings market. Some key countries and regions included in the metal coatings market report are as follows:
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Austria, Sweden, Norway, Denmark, Finland, Ireland, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Vietnam, Thailand, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Morocco, Algeria, Israel, Iran, Kenya, Turkey, Rest of MEA |
Metal Coatings Market Research Report Covers In-depth Analysis on:
- Metal coatings market detailed segments and segment-wise market breakdown
- Metal coatings market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in metal coatings industry)
- Current, historical, and forthcoming 10 years market valuation in terms of metal coatings market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Metal coatings market demand analysis
- Metal coatings market pricing analysis over the forecast period (by key segment and by region)
- Metal coatings market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in the metal coatings market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in the metal coatings market
- Metal coatings market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on the metal coatings market forecast by countries
- Mergers and acquisitions in the metal coatings market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What are the primary factors driving the growth of the metal coatings market?
The metal coatings market growth is primarily driven by the increasing demand for corrosion-resistant coatings, rising industrialization, and the need for improving product durability in various applications.
What is the future outlook for the metal coatings market over the next decade?
The future outlook for the metal coatings market looks positive, with continued growth expected due to technological advancements, expanding industries, and rising demand for durable and high-performance coatings.
Which industries are the largest consumers of metal coatings?
Industries such as automotive, aerospace, construction, and manufacturing are the largest consumers of metal coatings, as these sectors require high-performance coatings for both functional and aesthetic purposes.
