Asia Pacific region commandeers the revenue in Global Metal Coatings Market

Posted by rohan on October 17th, 2019

metal coatings Market Overview:

The metal coatings market was estimated at US$ 12.18 billion in 2018 and is expected to reach US$ 13.83 billion by 2023, representing an annual growth rate of 7.37% from 2018 to 2023. The Asia-Pacific region is a leader in the metal coatings market and is expected to grow in the 2018-2023 forecast period. 

Recent Developments:

Electrolube, the electrochemical manufacturer, launched the next generation of UV curing coatings at SMTConnect in Europe. The UVCL grade does not contain VOC, does not contain solvents and offers unmatched performance in hostile environments such as cracking resistance during the thermal cycle. 

Market Drivers and Restraints:

The global metal coatings market must experience a modest CAGR for a more extended period as the use of these coatings increases with the evolving industrialization and urbanization. The expansion of progress and infrastructure spending, especially for residential and commercial segments, increases interest in the end products of coated metals and drives the development of the metal coatings market. The benefits of metal coatings, such as improved texture, durability and corrosion resistance, increase interest and inspire the global market. 

However, the merger process in the metallization sector is costly, which can increase the cost of the process and control the development of the global market. The amount of waste produced by the method of cleaning metal coatings can pose a threat to the earth, which can also inhibit the development of the market for metal coatings.

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Report segmented as

By Type:

  • Polyester,
  • Plastisol,
  • Siliconized Polyster,
  • Fluropolymer,
  • Polyurethane

By Process:

  • Coil,
  • Extrusion,
  • Hot Dip Galvanizing

By End Use Industry:

  • Building & Construction,
  • Automotive & Transportation,
  • Consumer Goods & Appliances,
  • Marine and Protective Coatings,

Geographical Analysis:

The metal coatings market is geographically divided into Latin America, Asia-Pacific, Europe, North America, the Middle East and Africa. The Asia-Pacific region is likely to register the largest market share due to the growing interest in automotive and construction coatings. China is expected to have the most substantial participation in the region. In 2018, the use of new energy vehicles expanded in the Chinese automotive industry. China occupies a leading position in the production of NEV, with production growth of more than 28% in 2018, leaving the country open to car manufacturers. This factor can also stimulate the development of the metal coatings market in the region. Besides, several nations in the area, such as India and Japan, are expected to continue their development.

Important Market Players:

Among the most important market participants are E.I. du Pont de Nemours and Company (USA), Axalta Coating Systems. (USA), PPG Industries (USA), AkzoNobel NV (Netherlands), Henkel AG & Co., KGaA (Germany), Nippon Paint Holdings Co., Ltd. (Japan), The Sherwin-Williams Company (USA), BASF SE (Germany), Valspar Corporation (USA), Kansai Paint Co., Ltd. (Japan), Becker Group, Ltd. (USA) and Wacker Chemie AG (Germany).

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

For more information:

Abhishek Shukla

Sales Manager at Market Data Forecast


Tel: +1-888-702-9626


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Joined: September 20th, 2017
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