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Metal Coatings Market Inclined to Project Higher Revenue Shares through 2018-2027

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Steve Blade
Metal Coatings Market Inclined to Project Higher Revenue Shares through 2018-2027

In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global metal coatings market considering 2014-2018 as the historic year and 2019–2029 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting metal coatings market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume. The growth in the metal coatings market is likely to remain robust. The global demand for metal coatings is expected to reach 6.5% CAGR during the forecast period, 2018-2027.

The metal coatings market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are The Sherwin Williams Company, Axalta Coating Systems Ltd., Nippon Paints Holding co., ltd., and many more.

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.

Fluoropolymers Hold Largest Share in Metal Coatings Market

Providing excellent chemical and corrosion resistance, fluoropolymers are finding large application across various industries. The growth of fluoropolymers in metal coatings market is likely to remain positive with the demand exceeding 1,000’000 tons by 2018 end, as per the study by Fact.MR.

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Fluoropolymers coatings are finding large application in architectural coatings exhibiting low surface energies, high resistance to water, chemicals, oils, and UV radiation, especially in exterior application. Manufacturers in the metal coatings market are also focusing on designing new products to address concerns associated with perfluorooctanesulfonic acid and perfluorooctanoic acid found in many fluoropolymer chemicals. Owing to the need and manufacturing of lightweight materials in aerospace, automotive, and semiconductor industry, the demand for fluoropolymers is increasing in these industries.

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