Metal Coatings Market Size, Share, Development, Growth Till 2022

The global metal coatings market is expected to witness significant growth, during the forecast period. The growth in the global market is being driven by increasing industrial applications, high consumption of metal coatings in Asia-Pacific, growing automotive market in Asia-Pacific and growing construction industry in the developing nations. Additionally, the market saturation in the European and North American regions is forcing the metal coatings manufacturers to shift their focus to the developing nations of Asia-Pacific and South America. The global metal coatings market is being adversely affected by volatility in the raw material prices and stringent regulatory environment.

Thin films of protective material are glued to metals to enhance surface properties, such as color, optical properties, corrosion or oxidation resistance, attractive appearance, electrical resistance, wear resistance and thermal protection. It is extensively used in various industrial sectors to increase the metal life and reduce the maintenance cost. The global metal coatings market has been segmented on the basis of process, technology, resin type, and end-user industry.

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On the basis of process, the metal coatings market has been segmented into hot dip galvanized, coil coatings and extrusion coatings. On the basis of technology, the global market has been segmented into liquid and powder coatings. On the basis of resin type, the global metal coatings market has been segmented into fluoropolymer, polyurethane, polyester, plastisol and siliconized polyester. On the basis of industrial application, the global market has been categorized into building and construction, automotive and transportation, consumer goods and appliances, marine protective coatings and energy. The building and construction industry has been further segmented into interior and exterior application.

Asia-Pacific is expected to be the fastest growing region in the global metal coatings market during the forecast period. The region is generating significant demand for metal coatings, owing to the fast-paced industrialization and increasing infrastructural development. The developing economies of China, India, Taiwan, South Korea and Malaysia are witnessing strong growth in the automotive, oil and gas, transportation and construction industries, which is driving growth of the global metal coatings market. China is the major contributor to the Asia-Pacific metal coatings market.

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The growth in the Chinese market is being driven by foreign investments, cheap labor, easy availability of raw materials and proximity to the market. The North American market is expected to showcase strong growth driven by technological advancement in the field of metal coatings during the forecast period. The stringent environmental rules and regulations have forced the coatings manufacturers to develop products, which are eco-friendly and easy to use. Additionally, the European region is expected to witness steady growth in the global metal coatings market, during the forecast period.

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