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Rise in Construction and Automotive Sector Driving Metal Coatings Market Growth || Key Players: AKZO NOBEL N.V., BASF SE, AXALTA COATING SYSTEMS LTD., NSAI PAINT CO., LTD., HEMPEL A/S

03-26-2019 01:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Rise in Construction and Automotive Sector Driving Metal

The metal coatings market is projected to witness robust growth in the coming years, the demand is likely to surpass 6,000’000 tons by the end of 2018, according to the latest report by Fact.MR. The growth of the metal coatings market is largely influenced by the immense growth in the construction and automotive industry coupled with rising urbanization.

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Metal coatings market is highly fragmented with a maximum number of tier 2 companies. Product improvement, new product launches, and end-user penetration are high among tier 1 and tier 2 players. With a rise in regulations on VOC emission, both tier 1 and tier 2 players are focusing on new product launches and technologies.

Direct-to-Metal Coatings Witnesses Significant Demand across Industries

The demand for direct-to-metal coatings is on a rise owing to its cost efficiency and environmental benefits. Direct-to-Metal coatings are witnessing demand in light and medium duty industrial application with need or protection from elements such as UV degradation or corrosion.

Regulations pushing towards lower Volatile Organic Compounds (VOC) is one of the factors driving demand for direct-to-metal coatings. In direct-to-metal coatings, the waterborne direct-to-metal coatings are replacing solvent-borne coatings across various industries as it requires single-coat application as compared to two step primer, thereby saving cost and labor.

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The study primarily focuses on the factors influencing the growth of the metal coatings market, enabling readers to plan various business strategies on the basis of the key insights offered in the report on the metal coatings market. The key section of the report, offers an overview of the metal coatings market including a brief introduction to the metal coatings market, along with the segment-wise and region-wise analysis.

The report on the metal coatings market includes key segments that have been identified and presented using a taxonomy table. The metal coatings market is segmented into type, process, form, and end-use. These key segments are further divided into sub-segments.

Based on the type, the metal coatings market is segmented into Fluoropolymers, Polyurethanes, Polyester, Plastisol, Siliconized Polyester, and Others (epoxy, acrylic). By form type, the market is segmented into liquid and powder.

On the basis of process, the metal coatings market is segmented into Coil, Extrusion, and Hot Dip Galvanizing. Based on the end-use, the market is segmented into Automotive, Architectural, Protective and Marine, Consumer Goods & Appliances, and Others (Wind power, solar power, and packaging).

Liquid fluoropolymer coatings have been used for a long time in the construction of buildings in North America. However, with the growing trend of green building construction, especially in North America, the use and demand for metal coatings in powder form has increased as compared to the liquid metal coatings made using solvents and emitting VOCs. Meanwhile, new generation of power metal coatings are also under development providing capability of liquid coatings.

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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