Press release
Architectural Metal Coatings Market Growth, Trends And Opportunities 2024-2033
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Architectural Metal Coatings industry. This report on Architectural Metal Coatings market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The architectural metal coatings market size has grown strongly in recent years. It will grow from $5.23 billion in 2023 to $5.55 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to rise in construction sector, investment in infrastructure, economic growth, growth in population, government support.
The architectural metal coatings market size is expected to see strong growth in the next few years. It will grow to $7.21 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising disposable income, rising urbanization, rising adoption of energy-efficient buildings, building renovations and retrofits. Major trends in the forecast period include digital coating technologies, antimicrobial coatings, smart coatings, low-energy coatings, sustainable coatings.
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Key Market Players:
The Sherwin-Williams Company, Akzo Nobel N.V., Axalta Coating Systems Ltd., Nippon Paint Holdings Co Ltd., Kansai Paint Co Ltd., Hempel A/S, Jotun A/S, Badische Anilin- und Sodafabrik SE, Beckers Group, Wacker Chemie AG, NOROO Automotive Coatings Co Ltd.
Market Drivers:
Technological advancement is a key trend gaining popularity in the architectural metal coatings market. 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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Market segments for Architectural Metal Coatings include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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