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Metal coatings Market: Global Opportunity Analysis and Industry Forecast, 2020-2027
| A06777 | Pages: NA | Jun 2021 | 355 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
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Request Now !Metal Coatings Market Outlook -2027
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.
Scope of the report
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD)and Volume (Ton) |
Segments covered | Process Type, Application, End User,and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), LAMEA (Brazil, Mexico, and the Rest of LATAM), and Middle East &Africa |
Companies covered | 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 |
COVID-19 scenario analysis
- The decline in industrial activities of transportation due to the outbreak of the pandemic is anticipated to hamper the growth of the metal coating market.
- In addition, insufficiency in raw material supply will affect the production rate of metal coating market, thus impacting the metal coating supply chain management.
- Owing to extended lockdown, trade fairs have postponed. For instance, according to MinskExpo, JSC “Mechanical Engineering-2020,” “Corrosion protection Coatings-2020,” “LitMetExpo-2020,” and “Welding and Cutting-2020” have been postponed to September 15-18, 2020.
- High dependency on China for powder coatings will impact the market growth. China holds significant market share in powder coatings export followed by Korea, France, and Germany. owing to limited production capacity in China during this lockdown period, increase in supply–demand gap may hinder the growth.
Top impacting factors: market scenario analysis, trends, drivers, and impact 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.
The global metal coating trends are as follows:
New product launches to flourish the market
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.
Surge in usage in automotive, aerospace, and industrial applications
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.
Key segments covered
Segment | Subsegment |
By Process Type |
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By Application |
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By End User |
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By region
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Key benefits of the report
- This study presents the analytical depiction of the global metal coating industry along with the current trends and market estimation to determine the imminent investment pockets.
- The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of themetal coating market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the metal coating market growth scenario.
- The report provides a detailed market analysis dependingon competitive and how the competition will take shape in coming years.
- This report helps users in comprehending the key product segments and their future.
Questions answered in the global metal coating market research report:
- Which are the leading players active in the global metal coating market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities ofthe market?
- What should be the response of the metal coating market players amid the COVID-19 pandemic?
- What are the projections for the future that would help in taking further strategic steps?
- What is the outlook of the industry?
- What are the emerging key segments in the metal coating market?
- What are the major changes and assessments in metal coating market dynamics?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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