Market Size of Metal Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Metal Coatings Market Analysis
The metal coatings market is estimated at USD 12 billion currently and is expected to reach USD 15.5 billion over the forecast period, registering a CAGR of over 5% during the forecast period.
Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.
- The major factor driving the market studied is stringent VOC regulation driving the demand for waterborne DTM coatings.
- On the flip side, as the metal coatings are unsuitable for the harsh operating environment, they will likely hinder the market.
- Asia-Pacific dominated the global market with the largest consumption in countries such as China, India, etc.
Metal Coatings Industry Segmentation
Metal coatings are chemicals used for metallic surfaces for functional properties such as anti-corrosion, anti-slip surface, anti-bacterial, etc. The metal coatings market is segmented by resin type, technology, application, and geography. The market is segmented by resin type into epoxy, polyester, polyurethane, and other resin types. The market is segmented by technology into water-borne, LED curing, solvent-borne, powder, and UV cured. The market is segmented by application into architectural, automotive, marine, protective, general industrial, and other applications. The report also covers the market size and forecasts for the UV curable adhesives market in 17 countries across major regions. The report offers market size and forecasts for the calcium oxide market in revenue (USD million) for all the above segments.
| Resin Type | |
| Epoxy | |
| Polyester | |
| Polyurethane | |
| Other Resin Types |
| Technology | |
| Water-borne | |
| LED Curing | |
| Solvent-borne | |
| Powder | |
| UV Cured |
| Application | |
| Architectural | |
| Automotive | |
| Marine | |
| Protective | |
| General Industrial | |
| Other Applications |
| Geography | |||||||
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Metal Coatings Market Size Summary
The metal coatings market is poised for significant growth, driven by increasing demand for environmentally friendly solutions such as waterborne coatings. These coatings are favored due to their lower volatile organic compound (VOC) content, making them more sustainable and suitable for various applications, particularly in the automotive industry. The market is recovering from the disruptions caused by the COVID-19 pandemic, with a resurgence in manufacturing and production activities. The Asia-Pacific region, led by countries like China and India, is a dominant force in the market, fueled by robust industrial and automotive sectors. The region's growth is further supported by the expanding electrical and electronics industries, which rely heavily on metal coatings.
Despite the challenges posed by harsh operating environments, the metal coatings market is expected to expand, with key players like AkzoNobel, Axalta Coating Systems, PPG Industries, The Sherwin-Williams Company, and Henkel AG & Co. KGaA leading the charge. These companies are actively pursuing strategic acquisitions to enhance their product offerings and market reach. The increasing production of electric vehicles and the growing emphasis on low-odor, easy-to-use coatings are also contributing to the market's positive outlook. As the demand for sustainable and efficient coatings continues to rise, the metal coatings market is set to experience steady growth over the forecast period.
Metal Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Stringent VOC Regulation is Driving the Demand for Water-borne Direct-To-Metal Coatings
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Not Suitable for Harsh Operating Environment
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1.2.2 Other Restraints
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Resin Type
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2.1.1 Epoxy
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2.1.2 Polyester
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2.1.3 Polyurethane
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2.1.4 Other Resin Types
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2.2 Technology
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2.2.1 Water-borne
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2.2.2 LED Curing
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2.2.3 Solvent-borne
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2.2.4 Powder
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2.2.5 UV Cured
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2.3 Application
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2.3.1 Architectural
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2.3.2 Automotive
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2.3.3 Marine
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2.3.4 Protective
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2.3.5 General Industrial
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2.3.6 Other Applications
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East & Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle East & Africa
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Metal Coatings Market Size FAQs
What is the current Metal Coatings Market size?
The Metal Coatings Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Metal Coatings Market?
AkzoNobel NV, Axalta Coating Systems, LLC, PPG Industries Inc, The Sherwin-Williams Company and Henkel AG & Co. KGaA are the major companies operating in the Metal Coatings Market.
