Tier 1 Players Collectively Account for More Than 30% Revenue Share in Metal Coatings Market
Metal coatings market is highly fragmented with a maximum number of tier 2 companies. Product improvement, new product launches, and end-user penetration are high among tier 1 and tier 2 players.
With a rise in regulations on VOC emission, both tier 1 and tier 2 players are focusing on new product launches and technologies.
Facility expansion is one of the key focus areas of leading companies. While the tier 2 players are focusing on improving the existing products with new technologies and formulations.
New and smart metal coatings providing protection against chemical staining, UV, dirt, and corrosion are provided by top players in the metal coatings market.
Rise in Construction and Automotive Sector Driving Metal Coatings Market Growth
Automotive and building & construction industries are emerging as key drivers for the growth of metal coatings market.
Heavy investment in the construction industry in the Asia Pacific region is offering growth opportunity or metal coatings manufacturers.
Countries such as China, India, Qatar, and Indonesia are demanding quality metal coating products for mega construction projects.
The consumption of coated steel is also growing in the construction industry in India and China.
Coated steel is largely used in structures, wall cladding, and roofing. This is driving the demand for metal coatings products to develop coated steel for building infrastructure.
Automotive manufacturers across the globe are looking for light-weight materials to develop light-weight vehicles. This is resulting in advancement in metal coatings technology.
Automotive coatings are gaining traction in Japan, China, Germany, the US, and India.
Painting being the most cost and energy-intensive process in the automotive industry, coating manufacturers are investing in research and development activities to reduce the cost and time.
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Direct-to-Metal Coatings Witnesses Significant Demand across Industries
The demand for direct-to-metal coatings is on a rise owing to its cost efficiency and environmental benefits.
Direct-to-Metal coatings are witnessing demand in light and medium duty industrial application with need or protection from elements such as UV degradation or corrosion.
Regulations pushing towards lower Volatile Organic Compounds (VOC) is one of the factors driving demand for direct-to-metal coatings.
In direct-to-metal coatings, the waterborne direct-to-metal coatings are replacing solvent-borne coatings across various industries as it requires single-coat application as compared to two step primer, thereby saving cost and labor.
Manufacturers of chemicals used in direct-to-metal coatings are developing new products with a focus on chemical, temperature, and corrosion resistance.
Key manufacturers in the metal coatings market are developing waterborne direct-to-metal coatings to provide cost-saving and reduce VOC emissions.
Regulations on Metal Coatings to Hamper Metal Coatings Market Growth
With an increasing number of industries including construction, automotive, food packaging, etc., governments across various countries have introduced regulations on metal coatings to limit VOC emission and ensure safety.
These rules have shifted the focus from traditional coatings to advanced metal coatings, thereby, resulting in manufacturers investing more in research and development of new products.
The biggest challenge faced by metal coating manufacturers is developing low VOC emission product offering similar performance to conventional metal coatings products.
Corrosion is the biggest issue in the food packaging industry. Hence, governments are introducing strict regulations on the metal cans used in food packaging. This is leading to the requirement of special coatings to protect metal packaging form corrosion.
Moreover, meeting the requirement for coatings used in metal food packaging is challenging as the standards set by one country are different from standards set by another country.
Hence, metal coatings formulators in food packaging need to be aware of changing regulations and meet the standards without compromising on quality.
Regulations on metal coatings are becoming more stringent in developed as well as developing countries like China with the rise in level of VOC.
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Rising Demand for Pre-Coated Metal Parts to Create Growth Opportunities for Metal Coatings Manufacturers
There has been a significant growth in pre-metal coated parts as the demand from construction sector, pipes for oil and gas industry, and earth-moving vehicles have increased.
Raw material suppliers and paint formulators are working together to develop better products for these industries.
One of the main focus areas of manufacturers in the metal coatings market is to maintain corrosion resistance performance and improve application properties.
Industries such as building products, home appliances, and food and beverages companies using metal tins and cans are using pre-coated metal parts on a large scale to streamline manufacturing process, and save a huge cost.
With the increasing demand for pre-coated metal parts, manufacturers in the metal coatings market are offering high-quality coating products to ensure better color, texture and thickness of the finished product.
New technologies and chemicals are under research and development to enhance coating performance including features such as color, hardness, gloss, resistance to cracking and adhesion.
The Fact.MR report on the metal coatings market offers detailed profiles of the major players operating in the market.
The study also includes an exhaustive assessment of both well-established and emerging players in the metal coatings market.
Information on new developments, product portfolio, key financials, and mergers and acquisitions is also provided in the report on the metal coatings market.
New product launch is one of the key strategies of the companies in metal coatings market. For instance, PPG Industries Inc.
has introduced PPG Envirocron Extreme Protection powder coating system to provide chip and corrosion resistance and extending life of automotive coil springs on OEM vehicles.
The new coating offers additional benefits like ease of use and consistent film builds on spring surface.
An Adaptive Approach to Modern-day Research Needs
Metal coatings are the coatings applied to metals in order to provide protection and reduce wear and tear. Metal coatings are usually made from epoxy, moisture cure urethane, and polyurethane.
Metal coatings can be applied on the metals by spraying in either powder or liquid form. Metal coatings also act as torque agents or lubricants.
About the Report
The report on the metal coatings market is a comprehensive study of valuable and actionable insights.
The report provides in-depth analysis of the metal coatings market including market drivers, challenges, latest trends, and growth opportunities for the players in the metal coatings market.
The study primarily focuses on the factors influencing the growth of the metal coatings market, enabling readers to plan various business strategies on the basis of the key insights offered in the report on the metal coatings market.
The key section of the report, offers an overview of the metal coatings market including a brief introduction to the metal coatings market, along with the segment-wise and region-wise analysis.
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Additional Questions Answered
The report also provides answers on some of the important questions on the metal coatings market.
- What is the volume share of liquid metal coatings?
- Which process is likely to gain the highest share in the metal coatings market?
- Which will be the most lucrative region in the metal coatings market?
- What will be the revenue share of fluoropolymers in the metal coatings market?
- Where does metal coatings find the largest application?
Key insights and forecast offered on the metal coatings market are based on the robust research methods.
The research methodology includes primary and secondary research on the metal coatings market across the globe.
Important numbers such as value and volume share, year-on-year growth, and CAGR in the metals coatings market report are transitioned via many valid sources and then included in the report.
The exclusive information provided in the report is also obtained through interviews with industry experts and valid data sources.
The authentic information provided on the metal coatings market in the report, enable the readers and clients to plan business strategies and important steps towards the growth and expansion in the global market.
The report on the metal coatings market includes key segments that have been identified and presented using a taxonomy table.
The metal coatings market is segmented into type, process, form, and end-use. These key segments are further divided into sub-segments.
Based on the type, the metal coatings market is segmented into Fluoropolymers, Polyurethanes, Polyester, Plastisol, Siliconized Polyester, and Others (epoxy, acrylic). By form type, the market is segmented into liquid and powder.
On the basis of process, the metal coatings market is segmented into Coil, Extrusion, and Hot Dip Galvanizing.
Based on the end-use, the market is segmented into Automotive, Architectural, Protective and Marine, Consumer Goods & Appliances, and Others (Wind power, solar power, and packaging).
Metal Coatings Market Report Scope
The metal coatings market has been thoroughly analyzed in the latest research report published by Fact.MR on metal coatings market.
The study provides valuable insights into the metal coatings market including historical data and forecast. The numbers and data included in the report provides unbiased and accurate analysis of the metal coatings market.
The report also offers information on all the important factors shaping the overall metal coatings market across the globe. The report also provides details on the market growth based on the primary and secondary research on the metal coatings market.
Chapter 1- Executive Summary
This chapter in the report provides summary on key findings and statistics in the metal coatings market. Megatrends in the metal coatings market are also offered in the chapter. The report also includes details on the opportunities for manufacturers in metal coatings market worldwide.
Chapter 2- Market Overview
This chapter on the coating binders market provides a brief introduction on the market. Market taxonomy along with the product-specific definition of metal coatings is also offered in the report. The market overview includes forecast on the metal coatings market in terms of volume, value and CAGR. PEST analysis, cost structure, and pricing analysis of the metal coatings market is provided in the chapter.
Chapter 3- Metal Coatings Market Analysis and Forecast
This chapter of the report provides segment-wise analysis of the metal coatings market. Key segments offered in the report include types, form, process, and en-users. All the key segments are further divided into sub-segments for better understanding of the metal coatings market. Revenue, market share, and year-on-year growth for each segment is provided in the report.
Chapter 4- North America Metal Coatings Market Analysis
This section of the report provides analysis of the metal coatings market in North America along with the existing scenario in the key countries in the region. All the important factors along with the impact assessment in the metal coatings market in North America is also included in this chapter.
Chapter 5- Latin America Metal Coatings Market Analysis
This chapter in the report provides valuable insights on the metal coatings market in Latin America.
The country-wise analysis is also offered including the share of each country in the metal coatings market in Latin America.
Chapter 6- Metal Coatings Market in Europe
This section in the report on the metal coatings market provides key insights on the market in Europe.
Information on all the key players operating in the region along with the growth opportunities, regulations and challenges in the metal coatings market in Europe is also offered in the report.
Chapter 7- Metal Coatings Market in Japan
This chapter in the report includes important information on the growth opportunities for the key players in the metal coatings market in Japan. The chapter also focuses on the key factors influencing growth in the metal coatings market in Japan.
Chapter 8- APEJ Metal Coatings Market Analysis
This section of the report offers important details on factors and trends driving growth in the metal coatings market in the APEJ region.
Information on all the leading players in the metal coatings market in APEJ is provided in the chapter along with the country-wise analysis.
Chapter 9- MEA Metal Coatings Market Analysis
This section of the report provides useful data and forecast on the metal coatings market in MEA region. Country-wise analysis along with the market drivers, challenges, and key trends in the metal coatings market in MEA is also offered in the report.
Chapter 10- Competition Landscape and Company Profiles
This section of the report focuses on the leading players and offers detailed profiles of all the key companies in the metal coatings market.
The report also offers information on the market share of each company along with the business strategies and latest developments.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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