North America Metal Coatings Market Is Likely To Generate USD 5.9 Billion By 2032: Fact.MR Study

The market for metal coatings is expected to reach USD 30.8 billion by 2032, growing at a CAGR of 6.9% from 2022 to 2032. The market is expected to reach USD 15.3 billion in 2022.

According to a recent industry analysis by Fact.MR, a provider of market research and competitive intelligence, the global metal coatings market grew by value by almost 5.3% from 2017 to 2021 and was valued at USD 14.3 billion in that year.

The study also outlines the factors that will affect how metal coatings will develop in the future over the course of the forecast period. The report includes a thorough analysis of supply chain analysis, business execution, and value chain analysis across regional markets.

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Report Attributes	Details
Market Size Value in 2021	USD 14.3 Billion
Market Value Estimate in 2022	USD 15.3 Billion
Market Forecast Value in 2032	USD 30.8 Billion
Global Growth Rate (2022-2032)	CAGR 6.9%
East Asia Market Share in 2021	~24%
East Asia Growth Rate (2022-2032)	CAGR 7.6%
Top 5 Companies Market Share in 2021	~16%

What role is the automobile industry playing in the expansion of the metal coatings market?

The automotive industry is a significant end-user of metal coatings. Roughly 70% of the weight of an automobile is made up of iron and steel. One of the most vital materials used in the production of automobiles is surface-treated steel sheets. Basic car frames like hoods, bumpers, doors, mufflers, and galvanised steel sheets demand the use of surface-treated steel sheets.

Additionally, metal coatings are essential in preventing rust and oxidation on these hoods, doors, and other metal surfaces. The rising number of vehicles as a result has been one of the main factors boosting the demand for metal coatings.

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What are the Market Prospects for Metal Coating in the United Nations?

One of the major market participants, the North American metal coating market now accounts for nearly 2/5 of the global metal coating market. The demand for metal coatings has increased due to increased R&D and consumer demand for vehicles, consumer appliances, etc. These elements might continue to be the main ones that influence the demand for metal coatings.

By the end of the forecast period, the metal coatings market in the United States is also anticipated to hold more than 3/4 of the market share, growing at a 5.1% CAGR. Additionally, it is probably going to present an opportunity worth nearly USD 2.4 billion in absolute dollars.

Competitive analysis:

The market for metal coatings is seeing increased competition. The majority of the major players have been concentrating on Asia-Pacific due to the region's significant growth prospects. In order to strengthen their overall portfolio, some of the major players in metal coatings have begun to acquire businesses along the value chain.

Key Companies Profiled

·         PPG INDUSTRIES INC.

·         THE Sherwin Williams Company

·         DuPont Inc.

·         Akzo Nobel N.V.

·         BASF SE

·         Axalta Coating Systems Ltd.

·         Kansai Paint Co., ltd.

·         Hempel A/S

·         Nippon Paints Holding Co., ltd.

·         Jotun Group

·         NOF Metal Coatings Group

·         Alucoil

·         United Metal Coating LLC

·         Jinhu Color Powder Coating Co., ltd.

·         The Magni Group, Inc.

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Market sectors examined by the metal coatings market analysis include:

• By Product Type :- 
• Fluoropolymers
• Polyurethanes
• Polyester
• Plastisol
• Siliconized Polyester
• Others (epoxy, acrylic)

• By Process :-
• Coil
• Extrusion
• Hot Dip Galvanizing

• By Form :-
• Liquid
• Powder

• By End-Use :-
• Architectural
• Automotive
• Consumer Goods & Appliances
• Protective and Marine
• Others (Wind power, solar power, packaging)

• By Region :-
• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• Middle East & Africa

Tags:

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