Press release
Architectural Metal Coatings Market Report 2024: Strategies And Recent Developments
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2101The Business Research Company offers in-depth market insights through Architectural Metal Coatings Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main types of resins for architectural metal coatings are polyester, fluoropolymer, polyurethane, and other resins. The polyester architectural metal coating refers to a powder coating made of polyester used on aluminum extrusion and sheets, steel, and galvanized steel substrates. Polyester architectural coating satisfies the demands of the construction sector because of its superior mechanical and exterior durability. The coil coatings in architectural metal coatings include roofing and cladding, wall panels and facades, fascia and soffits, and other coil coatings that are used in extrusion coating of curtain walls, storefront, doors and windows, and other extrusion coatings.
Major Driver - Elevated Infrastructure Construction Fuels Growth In The Architectural Metal Coatings Market
The increase in infrastructure construction and investment is driving the architectural metal coatings market. 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. For instance, according to the U.S. Census Bureau report on monthly construction spending in 2022, the construction spending was expected to be $1,744.8 billion in April 2022, a 0.8% rise from the revised March estimate of $1,740.6 billion. Therefore, the increase in infrastructure construction and investment is expected to boost demand for architectural metal coatings during the forecast period.
Competitive Landscape:
Major companies operating in the architectural metal coatings market include 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., Titan Coatings Inc., Continental Coatings Pvt Ltd., AGC Chemicals Americas Inc., ANB Metal Cast Pvt Ltd., Arkema S.A, Asian Paints Ltd., G.J. Nikolas & Co Inc., Dura Coat Products Inc., TCI Powder Coatings, Tnemec Company Inc., Carboline Company, RPM International Inc., Benjamin Moore & Co., Dunn-Edwards Corporation, Behr Process Corporation, Diamond Vogel
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Top Trend - Architectural Metal Coatings Market Embraces Eco-Friendly Technologies For A Sustainable Future
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.
The Table Of Content For The Market Report 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
…..
27. Architectural Metal Coatings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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