Market Size of Metal Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Metal Coatings Market Analysis
The metal coatings market is estimated at USD 12 billion currently and is expected to reach USD 15.5 billion over the forecast period, registering a CAGR of over 5% during the forecast period.
Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.
- The major factor driving the market studied is stringent VOC regulation driving the demand for waterborne DTM coatings.
- On the flip side, as the metal coatings are unsuitable for the harsh operating environment, they will likely hinder the market.
- Asia-Pacific dominated the global market with the largest consumption in countries such as China, India, etc.
