Global Metal Coatings Market

Metal Coatings Market Size, Share, Growth Analysis, By Type(Polyester, Plastisol, Siliconized Polyester, Fluropolymer), By Process(Coil Coating, Extrusion Coating, Hot-Dip Galvanizing, Electroplating), By Technology(Liquid Coating, and Powder Coating), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15E2502 | Region: Global | Published Date: March, 2024
Pages: 157 |Tables: 99 |Figures: 76

Metal Coatings Market Insights

Global Metal Coatings Market size was valued at USD 15.3 Billion in 2022 and is poised to grow from USD 16.34 Billion in 2023 to USD 27.66 Billion by 2031, at a CAGR of 6.8% during the forecast period (2024-2031)

The global Metal Coatings marketplace reports dynamic increase pushed by way of diverse industries in search of more desirable sturdiness, corrosion resistance, and aesthetic attraction for metallic surfaces. Automotive and construction sectors constitute substantial demand, with metallic coatings gambling a critical position in shielding motors and infrastructure against environmental factors. The market witnesses a shift closer to environmentally pleasant formulations, which includes water-based and powder coatings, in response to stringent regulations. Technological improvements, along with nanocoatings for progressed overall performance, are outstanding developments. Asia-Pacific stands as a main market participant due to fast industrialization, while North America and Europe exhibit sustained demand for excessive-performance metal coatings.

Market Snapshot - 2024-2031

Global Market Size

USD 15.3 Billion

Largest Segment

Polyester

Fastest Growth

Fluropolymer

Growth Rate

6.8% CAGR

Global Metal Coatings Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Metal Coatings Market Segmental Analysis

The global Metal Coatings market is segmented into four major segments i.e. by By Type, Process, Technology, and region. Based on Type, it is divided into Polyester, Plastisol, Siliconized Polyester, Fluropolymer, Polyurethane, Epoxy, Acrylic, Others (Including Vinyl, Polyvinylidene Fluoride, and Polyvinylidene Difluoride). Based on Process, it is bifurcated as Coil Coating, Extrusion Coating, Hot-Dip Galvanizing, Electroplating, Spray Coating, Others (Including Powder Coating and Liquid Coating). Based on Technology it is segregated into, Liquid Coating, Powder Coating. Based on region, the market is segmented into United States, Canada, and Mexico.

Analysis by Type

Polyester coatings are in all likelihood to dominate the marketplace because of their versatility and tremendous use throughout numerous industries. These coatings offer high-quality durability, corrosion resistance, and aesthetic enchantment, making them suitable for packages in construction, automotive, and purchaser items.

Fluoropolymer coatings, along with PTFE and PVDF, are predicted to be the fastest-developing kind. This increase is attributed to their extraordinary chemical resistance, non-stick homes, and high-performance traits. Fluoropolymer coatings find growing programs in industries like aerospace, electronics, and oil and gas.

Analysis by Process

Coil coating is in all likelihood to dominate the marketplace. This procedure entails applying a coating to a metallic strip (commonly in a non-stop method) before the metallic is fabricated into the very last product. Coil coating is fantastically green, value-effective, and gives uniform coating software, making it a desired preference, especially in industries consisting of building and production, where mass manufacturing is common.

Powder coating is predicted to be the quickest-developing procedure. This green method entails making use of a dry powder to the steel floor, that's then cured to form a long lasting end. The increase is attributed to increasing demand for environmentally friendly coating solutions, as powder coating generates minimum waste and removes the want for solvents.

Global Metal Coatings Market By Type, 2023 (%)

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Metal Coatings Market Regional Insights

Asia-Pacific is likely to dominate the Metal Coatings market. This dominance is driven by rapid industrialization, strong production activities, and a thriving car area in international locations like China and India. The vicinity's big manufacturing base and infrastructure development make a contribution drastically to the call for for metal coatings. This dominance is driven by the sizable use of coatings in packaging materials to decorate water resistance, provide shielding coatings, and improve the general overall performance of packaging merchandise. The demand for wax on this zone is regular, thinking about the full-size use of packaging substances throughout diverse industries

North America is anticipated to be the fastest-growing location within the Metal Coatings market. This increase is propelled by using growing investments in construction, infrastructure initiatives, and the expanding commercial zone in the vicinity.

Global Industrial Wax Market By Region, 2024-2031
  • Largest
  • Fastest

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Metal Coatings Market Dynamics

Drivers

Increasing Demand from Automotive Industries

  • The escalating call from industries which include automotive, creation, and aerospace, searching for high-performance coatings to decorate the sturdiness, corrosion resistance, and aesthetics of metallic surfaces.

Increasing Production Area, Especially In Emerging Economies

  • The expanding production area, especially in emerging economies, fuels the need for protecting metal coatings in infrastructure projects.

Restraints

High Volatility In Raw Material Prices

  • One of the primary market restraints is the volatility in uncooked fabric expenses, which could result in fluctuations in manufacturing expenses for metallic coatings manufacturers.

High Environmental Worries

  • Environmental worries, especially related to the use of positive coating technologies and the disposal of coating by using-products, pose challenges and force the industry in the direction of extra sustainable alternatives.

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Metal Coatings Market Competitive Landscape

The competitive environment of the Metal Coatings market is dynamic and characterised with the aid of the presence of several key gamers, each vying for market percentage via strategic projects and product innovations. Established companies leverage their great experience and international reach to keep an aggressive part, often accomplishing mergers, acquisitions, and collaborations to bolster their market positions. The industry also witnesses the participation of niche players imparting specialized coatings for specific applications.

Top Player’s Company Profiles

  • Lukoil Oil Company (Russia)
  • The Blayson Group (UK)
  • International Group (Canada)
  • HCI Wax (US)
  • Eagle Petrochem Industries Ltd. (India)
  • Penreco (US)
  • Bartec Ingredients Inc. (US)
  • Michelman Industries, Inc. (US)
  • Hot Melt Adhesives USA (US)
  • Sonneborn Inc. (US)
  • ExxonMobil (US)
  • Royal Dutch Shell PLC (Netherlands)
  • Sinopec (China)
  • Sasol Ltd (South Africa)
  • CEPSA (Spain)
  • Hollyfrontier Corporation (US)
  • Calumet Specialty Products Partners (US)
  • Gandhar Oil Refinery (India)
  • Numaligarh Refinery Limited (India)
  • Petróleo Brasileiro (Brazil)

Recent Developments

  • December 2023: SurTec, a expert in chemical floor completing answers, has obtained Aluservice, an Italy-primarily based company. Aluservice is thought for its know-how in studies, improvement, and distribution of chemical specialties designed for the surface treatment of alloys, including aluminum, zinc, metal, and iron.
  • November 2023: Experts from AkzoNobel (AKZA; AKZOY) in Coil and Extrusion Coatings have supplied current insights into rising technologies, merchandise, and tendencies influencing the metal coatings enterprise at some point of METALCON 2023. Furthermore, the first day of the Specialty Equipment Market Association (SEMA) Show begins tomorrow, providing shows by AkzoNobel Automotive and Specialty Coatings (ASC) professionals, showcasing automobiles and attractive collaborations.
  • April 2023: Clariant is supplying a fresh variety of wetting and dispersing agents designed for water-based formulations in commercial coating packages together with boxes, transportation, and construction. The increasing array of PTFE-loose components featured affords environmentally more secure and more sustainable options for paints and coatings.

Metal Coatings Key Market Trends

  • Rising Emphasis on Sustainable Coating Solutions: The developing emphasis on sustainable and environmentally friendly coating solutions. As policies become greater stringent, there's an increasing adoption of water-primarily based and powder coatings, which generate fewer pollution. Technological improvements are riding the fashion of nanocoatings, providing more desirable overall performance traits and specialised functionalities.

Metal Coatings Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

Global Metal Coatings market analysis reveals a dynamic market with a number of standout developments and difficulties. The market is pushed by robust demand from industries like automobile and construction, emphasizing sturdiness and corrosion resistance. However, volatile uncooked material prices and environmental issues pose challenges. Polyester coatings dominate, favored for versatility, at the same time as fluoropolymer coatings, particularly in powder shape, are the fastest-growing because of their eco-friendliness and excessive performance. Asia-Pacific leads, pushed by means of industrialization, and the Middle East and Africa emerges because the fastest-developing area with infrastructure development. Key tendencies encompass a shift in the direction of sustainable coatings, advancements in nanotechnology, and customization for specialised programs, reflecting the dynamic nature of the Metal Coatings market.

Report Metric Details
Market size value in 2023 USD 15.3 Billion
Market size value in 2031 USD 27.66 Billion
Growth Rate 6.8%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Polyester, Plastisol, Siliconized Polyester, Fluropolymer, Polyurethane, Epoxy, Acrylic, and Others (Including Vinyl, Polyvinylidene Fluoride, and Polyvinylidene Difluoride)
  • Process
    • Coil Coating, Extrusion Coating, Hot-Dip Galvanizing, Electroplating, Spray Coating, and Others (Including Powder Coating and Liquid Coating)
  • Technology
    • Liquid Coating, and Powder Coating
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Lukoil Oil Company (Russia)
  • The Blayson Group (UK)
  • International Group (Canada)
  • HCI Wax (US)
  • Eagle Petrochem Industries Ltd. (India)
  • Penreco (US)
  • Bartec Ingredients Inc. (US)
  • Michelman Industries, Inc. (US)
  • Hot Melt Adhesives USA (US)
  • Sonneborn Inc. (US)
  • ExxonMobil (US)
  • Royal Dutch Shell PLC (Netherlands)
  • Sinopec (China)
  • Sasol Ltd (South Africa)
  • CEPSA (Spain)
  • Hollyfrontier Corporation (US)
  • Calumet Specialty Products Partners (US)
  • Gandhar Oil Refinery (India)
  • Numaligarh Refinery Limited (India)
  • Petróleo Brasileiro (Brazil)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Metal Coatings Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Metal Coatings Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Metal Coatings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Metal Coatings Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Metal Coatings Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Metal Coatings Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Metal Coatings Market size was valued at USD 15.3 Billion in 2022 and is poised to grow from USD 16.34 Billion in 2023 to USD 27.66 Billion by 2031, at a CAGR of 6.8% during the forecast period (2024-2031)

The competitive environment of the Metal Coatings market is dynamic and characterised with the aid of the presence of several key gamers, each vying for market percentage via strategic projects and product innovations. Established companies leverage their great experience and international reach to keep an aggressive part, often accomplishing mergers, acquisitions, and collaborations to bolster their market positions. The industry also witnesses the participation of niche players imparting specialized coatings for specific applications. 'Lukoil Oil Company (Russia)', 'The Blayson Group (UK)', 'International Group (Canada)', 'HCI Wax (US)', 'Eagle Petrochem Industries Ltd. (India)', 'Penreco (US)', 'Bartec Ingredients Inc. (US)', 'Michelman Industries, Inc. (US)', 'Hot Melt Adhesives USA (US)', 'Sonneborn Inc. (US)', 'ExxonMobil (US)', 'Royal Dutch Shell PLC (Netherlands)', 'Sinopec (China)', 'Sasol Ltd (South Africa)', 'CEPSA (Spain)', 'Hollyfrontier Corporation (US)', 'Calumet Specialty Products Partners (US)', 'Gandhar Oil Refinery (India)', 'Numaligarh Refinery Limited (India)', 'Petróleo Brasileiro (Brazil)'

The escalating call from industries which include automotive, creation, and aerospace, searching for high-performance coatings to decorate the sturdiness, corrosion resistance, and aesthetics of metallic surfaces.

Rising Emphasis on Sustainable Coating Solutions: The developing emphasis on sustainable and environmentally friendly coating solutions. As policies become greater stringent, there's an increasing adoption of water-primarily based and powder coatings, which generate fewer pollution. Technological improvements are riding the fashion of nanocoatings, providing more desirable overall performance traits and specialised functionalities.

Asia-Pacific is likely to dominate the Metal Coatings market. This dominance is driven by rapid industrialization, strong production activities, and a thriving car area in international locations like China and India. The vicinity's big manufacturing base and infrastructure development make a contribution drastically to the call for for metal coatings. This dominance is driven by the sizable use of coatings in packaging materials to decorate water resistance, provide shielding coatings, and improve the general overall performance of packaging merchandise. The demand for wax on this zone is regular, thinking about the full-size use of packaging substances throughout diverse industries

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Global Metal Coatings Market

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