The Global Metal Coatings Market accounted for USD 12.11 billion in 2016 and projected to grow at a CAGR of 5.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Metal coatings are coatings that are applied in order to protect the metal and also avoiding wear and tear. Unprotected metal gets rust over it and will lead to corrosion due to environmental exposure. With the help of metal coatings an extra layer of protection is provided. Metal coatings are made up of epoxy, polyurethane, and moisture cure urethane. It has its wide application in building & construction, automotive & transportation, consumer goods & appliances, marine and protective coatings, and others. Growing building & construction, automotive, and appliances industries and high demand for metal coatings from the Asia-Pacific region may act as the major driver in the growth of metal coatings market. On the other side, composite material replacing painted aluminum, steel sheets in the building & construction industry may hinder the market.
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Metal Coating Market, By Technology:
• Liquid Coating
• Powder Coating
Key Manufacturers
• PPG Industries Ohio, Inc.
• DuPont
• Akzo Nobel N.V.
• The Valspar Corporation
• The Sherwin-Williams Company
• BASF SE
• Axalta Coating Systems
• KANSAI PAINT CO., LTD
• Beckers Group
• Henkel AG & Co. KGaA
• Nippon Paint Holdings Co., Ltd.
• NOF METAL COATINGS GROUP
• UMC
• AFP METAL PRODUCTS
• AkzoNobel Paints
• Alucoil
• China Powder Coating
• The Magni Group, Inc.
• Guangzhou Cm Paint & Coating Co., Ltd.
• 3A composites
• FameLine Products Co.,Ltd.
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Metal Coatings market regions covers
• North America
• Asia-Pacific,
• Europe
• South America
• Middle East and Africa
Major Market Drivers & Restraints:
• Growing building & construction, automotive, and appliances industries
• High demand for metal coatings from the Asia-Pacific region
• Demand for fluoropolymer resin type continues to grow in the building & construction market
• Fluctuating raw material costs
• Volatility in raw material prices
• Composite material replacing painted aluminum, steel sheets in the building & construction industry
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What this Research Study Offers
• Global Metal Coating Market share assessments for the regional and country level segments
• Global Metal Coating Market share analysis of the top industry players.
• Strategic recommendations for the new entrants in Global Metal Coating market
• Strategic recommendations in key business segments based on the market estimations
Competitive Landscape
The global metal coatings market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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