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Architectural Metal Coatings Market Growth, Demand, Driving Factors, Leading Countries And Forecast To 2032
Architectural Metal Coatings Market Analysis
The Business Research Company's Architectural Metal Coatings Global Market Report 2023 identifies increase in infrastructure construction and investment as the major driver for the architectural metal coatings market's growth in the forecast period. Construction has been on the rise due to rapid industrialization and urbanization across both developed and developing nations. Architecture construction requires metal coatings to protect them from corrosion and harsh weather, it also gives the newly constructed buildings an aesthetic and attractive look.
The global architectural metal coatings market size grew from $4.97 billion in 2022 to $5.25 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The architectural metal coatings market size is expected to grow to $6.56 billion in 2027 at a CAGR of 5.7%.
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Major competitors in the architectural metal coatings market are The Sherwin Williams Company, PPG Industries, AkzoNobel, Axalta Coating Systems, Nippon Paint Holdings, Kansai Paint, Hempel A/S.
A key trend in the architectural metal coatings market includes technological advancement. Major companies in the architectural metal coatings market are advancing towards sustainable and eco-friendly coatings to protect the health of the users and the environment. Architects and specifiers are looking for architectural metal coating alternatives that combine sustainability, toughness, and a wide range of colors. For instance, in September 2021, Allnex, a Germany-based chemical manufacturing company that produces industrial coating resins and additives for architectural, industrial, protective, automotive and special purpose coatings and inks, launched ECOWISE CHOICE. ECOWISE CHOICE is an environment-friendly product line for use in construction and home decoration. By utilizing ecologically friendly technologies like waterborne, UV-curable, powder, and formaldehyde-free crosslinking solutions, Allnex is focused on enhancing its presence in sustainability of buildings worldwide.
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The architectural metal coatings market is segmented -
1) By Resin Type: Polyester, Fluoropolymer, Polyurethane, Other Resins
2) By Coil Coating: Roofing and Cladding, Wall Panels and Facades, Fascia and Soffits, Other Coil Coatings
3) By Extrusion Coating: Curtain Walls, Store Front, Doors and Windows, Other Extrusion Coatings
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the architectural metal coatings market.
The Business Research Company's "Global Architectural Metal Coatings Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Architectural Metal Coatings Market Include:
1. Executive Summary
2. Architectural Metal Coatings Market Characteristics
3. Architectural Metal Coatings Market Trends And Strategies
4. Architectural Metal Coatings Market - Macro Economic Scenario
5. Architectural Metal Coatings Market Size And Growth
………..
26. Africa Architectural Metal Coatings Market
27. Architectural Metal Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Architectural Metal Coatings Market
29. Architectural Metal Coatings Market Future Outlook and Potential Analysis
30. Appendix
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