NEWARK, Del, Feb. 19, 2024 (GLOBE NEWSWIRE) -- The architectural metal coating market is expected to be valued at US$ 5.7 billion in 2024. The market's progress is projected to expand at a CAGR of 5.1% from 2024 to 2034. By 2034, the market value is forecasted to reach US$ 9.4 billion.
The increasing demand for new buildings and infrastructure projects is stimulating sales of architectural metal coatings to protect and enhance the appearance of metal surfaces. The flourishing construction industry is one of the major drivers of market expansion.
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The use of eco-friendly coatings has been increasing in recent years due to environmental concerns. Architects and builders are now opting for coatings that are low in volatile organic compounds (VOCs) and are free from toxic metals like lead and cadmium. This trend is expected to continue, driving the demand for eco-friendly architectural metal coatings.
With the rising cost of energy, there has been a growing focus on adopting energy-efficient practices in buildings. Architectural metal coatings can help increase the energy efficiency of buildings by reflecting sunlight and reducing heat absorption. This, in turn, can reduce the need for air conditioning and lower energy costs. As energy efficiency becomes a key concern for builders, the demand for architectural metal coatings is expected to rise.
“Significant advancements in coating technologies that can offer superior protection, durability, and performance are expected to boost the market. These advancements are expected to drive the demand for metal coatings as builders and architects seek to integrate advanced technologies to protect and enhance metal surfaces,” - says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)
Key Takeaways from the Architectural Metal Coating Market
- The global architectural metal coating market is estimated to register a CAGR of 5.1% through 2034.
- The market is expected to reach a valuation of US$ 9.4 billion by 2034.
- The polyurethane coating segment is anticipated to dominate the market by registering a CAGR of 4.7% from 2024 to 2034.
- The roofing & cladding segment is expected to rise at a 4.5% CAGR over the forecast period.
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Competitive Landscape
The architectural metal coating market is highly competitive. Companies offer a wide variety of coating products, including powder coatings, liquid coatings, and specialty coatings. These coatings have varying levels of durability, performance, and aesthetic appeal. In addition to these major companies, there are also several smaller companies focusing on niche areas of the market, such as eco-friendly coatings or coatings for specific types of metal. Overall, innovation drives the market, with companies continuously developing new coatings to cater to the evolving needs of architects, builders, and property owners.
Key Market Players
- Alcea S.p.A.
- Kansai Paint Co. Ltd.
- KCC Corporation
- AkzoNobel Axalta Coating Systems,
- BASF
- Sherwin-Williams
- Wacker Chemie AG
- Beckers Group
- NOROO Coil Coatings
- Hempel
- Jotun
- Nippon Paint Co. Ltd.
- PPG
- Yung Chi Paint & Varnish.
Key Market Segmentation
By Type:
- Polyurethane
- Polyester
- Fluoropolymer
- Others
By Application:
- Roofing & Cladding
- Doors & Windows
- Curtain Walls
- Wall Panels & Facades
- Others
By Region:
- North America
- Latin America
- East Asia
- South Asia
- Europe
- Oceania
- MEA
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Author by:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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