Metal Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Resin Type (Epoxy, Polyester, Polyurethane, and Other Resin Types), Technology (Water-borne, LED Curing, Solvent-borne, Powder, and UV Cured), Application (Architectural, Automotive, Marine, Protective, General Industrial, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The market for metal coatings is expected to grow at a CAGR of more than 5 % during the forecast period. Major factors driving the market studied is Stringent VOC regulation is driving the demand for water borne DTM coatings.

  • On the flip side, as the metal coatings are not suitable for the harsh operating environment, it is likely to hinder the market.
  • Asia-Pacific dominated the market across the globe with the largest consumption in a country such as India, China, etc.

Scope of the Report

The metal coatings market report includes:

Resin Type
Epoxy
Polyester
Polyurethane
Other Resin Types
Technology
Water-borne
LED Curing
Solvent-borne
Powder
UV Cured
Application
Architectural
Automotive
Marine
Protective
General Industrial
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Water-borne Segment to Dominate the Market

  • Water-borne paints and coatings account for the major share in the overall paints and coatings market. The major reason for its gain over solvent-borne is its environment-friendly nature, as it is generally lower in volatile organic compounds (VOCs), which degrade the environment. Additionally, other properties, such as low odor, more durability, and block resistance make water-borne paints preferable.
  • The increasing environment-friendly nature and versatile properties of water-borne coatings are increasing their demand coatings across Europe.
  • Water-borne coatings are majorly required in automotive paints. Hence, with the increase in automotive production in Europe, the demand for water-borne coatings is also expected to increase.
  • The water-borne protective coatings market is driven by a number of factors, such as increasing consumer awareness about VOC emissions and tightening environmental regulations.
  • REACH, a government initiative in Europe was adopted to protect human health and the environment from the risks that can be constituted by chemicals, while enhancing the competition in the European chemical industry. Promoting alternative methods for the hazard assessment of substances reduces tests on animals. This is increasing the demand for coatings with low VOC content, such as water-borne coatings.
  • In recent times, there is a propensity to seek coatings with low odor, usability, and water clean-up characteristics among the end-users. Water-borne coatings meet these requirements and facilitate low viscosity, without the addition of low-molecular-weight monomers.
Metal Coatings Market Revenue Share

Germany to Dominate the Market

  • In Europe, Germany has the dominating market with maximum share.
  • The transportation sector witnessed growth.The approval of the EUR 10 billion projects, German Unity Transport Project 8 (VDE 8), by the German Federal Government, is expected to improve the transport connection between East and West, and between North and South Germany.
  • It is also expected to close the gaps in the German high-speed rail network. Freight trains will also travel on the route.
  • The line is likely to open various opportunities for implementing state-of-the-art transport concepts, the beginning of a new era of rail travel and an increase in paints and coatings market. Growing eco-consciousness among consumers, who are becoming aware of the detrimental environmental effects certain pack types have, has decreased the use of packaging coatings. However, manufacturers are working on various eye-catching designs and labeling that help create a premium image.
  • Germany has the largest construction industry in Europe. According to industry experts, the demand for new houses is estimated to be around 350,000 per year until 2020, which is expected to boost the construction sector.
  • The German construction sector has been growing slowly, mainly driven by the increasing new residential construction activities
  • It is also expected that Germany would spend more on public infrastructure and there would be an increase in investments through public-private partnerships at the municipal level.
  • Such factors are likely to increase the demand for the market over the forecast period. 
Metal Coatings Market Regional Trends

Competitive Landscape

The metal coatings market is semi consolidated. Some of the major players include AkzoNobel NV, Axalta Coating Systems, LLC, PPG Industries Inc., The Sherwin-Williams Company, Henkel AG & Co. KGaA, amongst others. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Stringent VOC Regulation is Driving the Demand for Water-borne DTM Coatings

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Not Suitable for Harsh Operating Environment

      2. 4.2.2 Other Restrain

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin Type

      1. 5.1.1 Epoxy

      2. 5.1.2 Polyester

      3. 5.1.3 Polyurethane

      4. 5.1.4 Other Resin Types

    2. 5.2 Technology

      1. 5.2.1 Water-borne

      2. 5.2.2 LED Curing

      3. 5.2.3 Solvent-borne

      4. 5.2.4 Powder

      5. 5.2.5 UV Cured

    3. 5.3 Application

      1. 5.3.1 Architectural

      2. 5.3.2 Automotive

      3. 5.3.3 Marine

      4. 5.3.4 Protective

      5. 5.3.5 General Industrial

      6. 5.3.6 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AkzoNobel NV

      2. 6.4.2 Axalta Coating Systems, LLC

      3. 6.4.3 BASF SE

      4. 6.4.4 Clean Diesel Technologies Inc.

      5. 6.4.5 Hempel A/S

      6. 6.4.6 Henkel AG & Co. KGaA

      7. 6.4.7 Jotun

      8. 6.4.8 Kansai Paint Co. Ltd

      9. 6.4.9 Nippon Paint Holdings Co. Ltd

      10. 6.4.10 PPG Industries, Inc.

      11. 6.4.11 RPM International

      12. 6.4.12 The Sherwin-Williams Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Metal Coatings Market market is studied from 2016 - 2026.

The Metal Coatings Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

AkzoNobel NV, Axalta Coating Systems, LLC, PPG Industries Inc, The Sherwin-Williams Company, Henkel AG & Co. KGaA are the major companies operating in Metal Coatings Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!