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Metal Coatings Market Trends

  • Report ID: GMI8390
  • Published Date: Mar 2024
  • Report Format: PDF

Metal Coatings Market Trends

The metal coatings industry is witnessing several notable trends shaping its landscape. Firstly, there's a growing emphasis on eco-friendly and sustainable coating solutions driven by increasing environmental concerns and stringent regulations. This trend has led to the development and adoption of water-based coatings, powder coatings, and other environmentally friendly alternatives, reflecting a shift towards more sustainable practices within the industry. Additionally, technological advancements such as nanotechnology are playing a significant role in enhancing the performance and durability of metal coatings, catering to diverse application needs across sectors like automotive, construction, and aerospace.
 

Furthermore, the market is experiencing a rise in demand for high-performance coatings that offer superior corrosion resistance, durability, and aesthetic appeal. As industries seek to extend the lifespan of metal components and structures while maintaining aesthetic standards, there's a growing preference for advanced coatings with enhanced properties. This trend is particularly evident in sectors like automotive manufacturing, where corrosion protection and aesthetic finishes are critical for product quality and longevity. Overall, these trends indicate a dynamic and evolving landscape within the market, driven by a combination of environmental concerns, technological innovation, and evolving consumer preferences.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for metal coatings was USD 16.3 billion in 2023 and is expected to register over 6.1% CAGR from 2024-2032 owing to increasing demand for durable and corrosion-resistant metal surfaces in sectors such as automotive, infrastructure, and industrial machinery worldwide.

Metal coatings industry from the epoxy segment reached USD 6.1 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to its versatile characteristics, offering high durability, flexibility, chemical resistance, and adhesion to various substrates.

North America industry for metal coatings recorded USD 5.3 billion in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the presence of a robust industrial base, particularly in sectors such as automotive, aerospace, construction, and manufacturing in the region.

Axalta Coating Systems, BASF SE, Beckers Group, Hempel A/S, Jotun Group, Kansai Paint Co., Ltd., Nippon Paint Holdings Co., Ltd., PPG Industries, RPM International Inc., Sherwin-Williams Company, and The Valspar Corporation, are some of the major metal coatings companies worldwide.

Metal Coatings Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 532
  • Countries covered: 22
  • Pages: 300
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