Metal Coatings Market Size | Pricing Trends | Future Scope (2018 - 2023) | Toefco Engineered Coating Systems, BASF SE, DowDuPont, AkzoNobel N.V., PPG Industries, The Sherwin-Williams Company, Axalta Coating Systems, Kansai Paint., Henkel AG & Co., KGaA

Market Segmentation

The Global Metal Coatings Market is segmented into Form, Method, Resin Type and End-Use Industry.

Form-Wise, the market is segmented into liquid and powder coatings. The liquid coatings are sub-segmented into water based and solvent based. The market for powder coating has grown significantly due to increasing technological advancements and growing demand from applications such as architectural; appliances; automotive; furniture; agriculture, construction, and earthmoving equipment (ACE).

By Method, the market is segmented into electroplating, electroforming, galvanizing, and anodizing. Electroplating segment is growing at a phenomenal rate due to surging demand for automobiles, consumer goods, and aircraft.

Get More Professional and Technical Industry Insights @
https://www.marketresearchfuture.com/sample_request/6152

By Resin Type, the market is segmented into polyester, acrylics, epoxy, polyurethane, fluoropolymer, plastisol, and others. The soaring popularity of polyester resins refers to its rising use as a thermosetting system in a variety of applications. This is accentuated by the use of fillers, reinforcements, and additives to enhance their physical and chemical properties.

By End-Use Industry, the global market is segmented into construction, automotive, aviation, electrical & electronics, marine, oil & gas, and others. The construction industry is in constant need for coatings that can impart anticorrosion properties, as the steel structures are in constant threat of corrosion and need protection.

Regional Outlook

Based on Region, the Metal Coatings Market is segmented into North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

APAC is touted to be the fastest growing region in the Global Metal Coatings Market. This can be attributed to the expanding construction industry and rising investments in the infrastructure activities by the government. Initiatives taken by the government in India such as the development of smart cities and construction of Navi Mumbai International Airport among others are envisaged to augment the market growth. Apart from this, rapidly expanding automotive industry in the developing economies as a result of increased spending on automobiles is triggering the demand for Metal Coatings in the region.

Metal Coatings Market- Overview

The Global Metal Coatings Market is predicted to soar high at an exceptional CAGR during the forecast period (2018-2023), as reported by Market Research Future (MRFR).

Metal coating protects an unprotected metal from rusting and corroding due to environmental exposure. Metal Coatings are usually made from polymers, such as epoxy, polyurethane, and moisture cure urethane. The Metal Coating makes the metal more durable by providing innovative applications, smooth surface, and green benefits and also offers cost benefits.

Metal Coatings Market- Drivers and Restraints

There is an increase in the application of Metal Coatings owing to the rapidly growing industrialization and urbanization, which is the major factor in the growth of the Global Metal Coatings Market. Also, the increase in infrastructure development and spending, especially for commercial and residential sectors has augmented the demand for the end products of coated metals. This factor drives the growth of the Global Metal Coating Market. The benefits offered by Metal Coatings such as increased durability, corrosion resistance, and improved texture, accelerates the demand and fuels the growth of the Global Metal Coating Market.

Moreover, thriving electrical and electronics industry and emergence of internet of things (IoT) and automation are likely to offer lucrative opportunities to the Global Metal Coatings Market. Growing consumer preference for built-in functions in the personal devices is touted to add ammunition to the market growth in coming years.

However, the strict rules and regulations of various government bodies pertaining to environment protection may hamper the growth of the Global Metal Coating Market. On the other hand, benefits offered by Metal Coatings such as increased durability, corrosion resistance, and improved texture, highlight the appeal of Metal Coatings and are expected to further fuel the growth of the Global Metal Coating Market in the foreseeable future.

View Full Report Description with TOC @ https://www.marketresearchfuture.com/reports/metal-coatings-market-6152

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.