The metal coatings market is projected to witness robust growth in the coming years, the demand is likely to surpass 6,000’000 tons by the end of 2018, according to the latest report by Fact.MR. The growth of the metal coatings market is largely influenced by the immense growth in the construction and automotive industry coupled with rising urbanization.
The substantial growth of new construction projects in the APEJ region is likely to influence the sales of metal coatings in the forthcoming years. China and India are the countries driving most of the demand in the metal coatings market. The demand for metal coatings with fewer layers and lower cure temperatures is also increasing by the industrial coatings customers. With new regulations, demand for the eco-friendly metal coatings with low or zero VOC is also visible in APEJ region. China is also planning to charge a tax on VOC emission for solvent-based paints and coatings.
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Market Segments Covered in Metal Coatings Market Analysis:
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By Product Type :-
- Fluoropolymers
- Polyurethanes
- Polyester
- Plastisol
- Siliconized Polyester
- Others (epoxy, acrylic)
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By Process :-
- Coil
- Extrusion
- Hot Dip Galvanizing
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By Form :-
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By End-Use :-
- Architectural
- Automotive
- Consumer Goods & Appliances
- Protective and Marine
- Others (Wind power, solar power, packaging)
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By Region :-
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Fluoropolymers Hold Largest Share in Metal Coatings Market
Fluoropolymers are widely used in a variety of sectors due to their superior chemical and corrosion resistance. According to Fact.MR, the demand for fluoropolymers in the metal coatings market is expected to approach 1,000’000 tonnes by the end of 2018.
Fluoropolymer coatings are seeing widespread use in architectural coatings due to their low surface energies and strong resilience to water, chemicals, oils, and UV radiation, particularly in outdoor applications.
Metal coatings manufacturers are also concentrating on developing new products to address concerns about perfluorooctanesulfonic acid and perfluorooctanoic acid, which are included in many fluoropolymer compounds. Fluoropolymers are in high demand in the aerospace, automotive, and semiconductor industries due to the need for and production of lightweight materials.
Competitive Analysis:
The competition in the metal coating business becoming more intense. Because of the region’s significant growth prospects, the majority of the key players have been focusing on Asia-Pacific. Some of the key metal coatings players have started acquiring companies along the value chain in order to boost their overall portfolio.
Metal Coatings to Find Large Application in Architectural Industry
Metal coatings are anticipated to be used extensively in the architectural sector, primarily on steel and aluminium substrates. Steel technology innovation, such as the creation of lightweight and composite steels, has resulted in an increase in steel-based constructions. While the ongoing threat of corrosion of steel structures drives the demand for anti-corrosion metal coatings.
Metallic coatings and paints have also seen increased application in the building industry to give a stunning and colourful surface impact. The rising usage of conventional metals such as brass, aluminium, copper, and iron in architectural and interior design projects has boosted demand for non-toxic and long-lasting metal coatings.
Liquid fluoropolymer coatings have long been employed in building construction in North America. However, with the growing trend of green building construction, particularly in North America, the use and demand for powder metal coatings has increased as contrasted to liquid metal coatings manufactured using solvents and producing VOCs. Meanwhile, a new generation of power metal coatings with liquid coating capacity is being developed.
