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Metal Coatings Market Size (2024 - 2029)

The metal coatings market is experiencing growth, driven by increasing demand for waterborne DTM coatings due to stringent VOC regulations. Despite challenges posed by the unsuitability of metal coatings for harsh environments, the market is recovering from the disruptions caused by the COVID-19 pandemic. The Asia-Pacific region leads in market consumption, with significant activity in countries like China and India.

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Market Size of Metal Coatings Industry

Metal Coatings Market Summary
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

Metal Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

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
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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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.

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Metal Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Stringent VOC Regulation is Driving the Demand for Water-borne Direct-To-Metal Coatings

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Not Suitable for Harsh Operating Environment

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Resin Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Polyester

      3. 2.1.3 Polyurethane

      4. 2.1.4 Other Resin Types

    2. 2.2 Technology

      1. 2.2.1 Water-borne

      2. 2.2.2 LED Curing

      3. 2.2.3 Solvent-borne

      4. 2.2.4 Powder

      5. 2.2.5 UV Cured

    3. 2.3 Application

      1. 2.3.1 Architectural

      2. 2.3.2 Automotive

      3. 2.3.3 Marine

      4. 2.3.4 Protective

      5. 2.3.5 General Industrial

      6. 2.3.6 Other Applications

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle East & Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle East & Africa

Metal Coatings Market Size FAQs

The Metal Coatings Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

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.

Metal Coatings Market Report Snapshots

Metal Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)