Report Code: A06777 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Metal Coatings Market
Request Now !Metal coating is a technique to separate a structural metal from a corrosive environment. Such metal coatings have high demand in industries such as automotive, commercial, and marine. Metal coatings are corrosion-resistant and reduce wear and tear of metals. By coating the metal, an extra layer of protection is provided to the metal. Metal coatings are often made from polymers such as epoxy, polyurethane, and moisture urethane.
COVID-19 scenario analysis
Expansion of the automotive, construction, and building industriesis the major key factor driving the growth of the metal coating market. The demand for metal coating is increasing globally due to rapid infrastructural development in emerging countries. Government projects favoring the rise in building and construction will further drive the demand for metal coatings. However, negative impact of metal coating on the environment is anticipated to hamper the growth of the metal coatings market during the forecast period.
New products that exhibit improved capabilities have been launched by leading market players. For instance, in June 2020, Axalta (NYSE: AXTA) launched its Strenex industrial product line which includes waterborne and solvent-borne single-component alkyd and acrylic metal coatings products. This reduces production time and overall production cost. This is majorly used in metal coatings for construction, industrial, and fabrication. The new product launch expanded company’s market presence in North America, targeting new customer segments. In addition, partnerships, acquisitions, and agreements are the key strategies adopted by major manufactures to sustain their position in the competitive landscape. Thus, these players focus on producing metal coatings on a domestic level and operate by exporting to other regions to expand their business.
Increase in application of industrial and automotive coatings in steel and construction industry, owing to its anti-corrosive property is expected to steer the market growth. Powder coating is widely used in industrial applications due to environmental friendly nature and its lower VOC content. In addition, powder coating used in automotive and industrial applications create a more durable layer compared to other types of coatings. However, lower cost and simple process for liquid coating make it a suitable choice for car painting.
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Questions answered in the global metal coating market research report:
Metal coatings Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights
Aspects | Details |
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By Process Type |
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By Application |
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By End User |
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Key Market Players | E. I. Du Pont De Nemours and Company, BASF SE, Nippon Paint Holdings Co., Ltd., Akzonobel N.V., Henkel AG, WackerCheime, Sherwin-Williams, Axalta Coating System, PPG Industries,and Valspar Corporation |
Other Key Market Players | Nippon Paint Holdings Co. Ltd, RPM International |
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