Global Architectural Metal Coatings Market Forecast to 2028 – Shift in Production Base of Key Players to Emerging Economies
DUBLIN, March 28, 2024 /PRNewswire/ — The “Global Architectural Metal Coatings Market by Resin Type (Polyester, Fluoropolymer), Coil Coating Application (Roofing & Cladding, Wall Panels & Facades), Extrusion Coating Application (Curtain Walls, Store Front) and Region – Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.
The global architectural metal coatings market size is projected to grow from USD 5.3 billion in 2023 to USD 6.7 billion, at a CAGR of 4.6%. The utilization of metal architecture in both residential and commercial building wall applications has gained significant popularity in recent times. Metal cladding offers a plethora of advantages over conventional materials, making it a compelling choice for architects and builders alike. One of the most notable benefits lies in its effectiveness for roofing projects. Metal cladding, particularly for slanted roofs, is preferred due to its ability to ensure efficient moisture and snow runoff. Moreover, it stands out as one of the most visually appealing and robust cladding options available in the contemporary market. While the initial cost of metal roof cladding may exceed that of other roofing materials, its exceptional durability justifies the investment.
The polyester segment is expected to register one of the highest market share during the forecast period
Polyester architectural metal coatings offer a range of uniform properties, including excellent bendability, hardness, gloss effects, and resistance to UV radiation, chemicals, scratching, and light. They are commonly applied in various applications such as industrial buildings, cladding sheets, roofing tiles, and engineering structures. These coatings exhibit sunlight resistance and structural integrity, making them well-suited for demanding engineering industry applications.
The coil coating segment is expected to register one of the highest market share during the forecast period
The application of coil coatings in the architectural metal coatings market is a multifaceted landscape, encompassing various segments such as roofing & cladding, wall panels & facades, fascia & soffits, and other specialized applications like entry and garage doors. Coil coating, as an industrial process, entails the application of coatings to metal surfaces before they undergo fabrication. This approach has gained immense popularity for its versatility and applicability across a wide spectrum of industries and applications. One of the primary domains where coil-coated products find extensive use is in building exteriors, where they serve as a cornerstone for both functional and aesthetic enhancements. Beyond that, they are instrumental in an array of interior finish applications, including ceilings and walls. These coatings play a pivotal role in enhancing the overall durability and performance of pre-formed metal coils, making them resilient against adverse weather conditions and corrosion.
Asia-Pacific architectural metal coatings market is estimated to capture one of the highest share in terms of volume during the forecast period
Asia-Pacific emerges as the largest and fastest-growing market, attributed to its robust economic growth rate and substantial investments in end-use industries. This region’s dominance is further bolstered by global industry leaders establishing production bases, launching sales offices, and strengthening distribution networks within its boundaries. Such strategic moves are not only a testament to sustained demand but also a tactic to capture increased profit margins by leveraging the region’s demand dynamics and cost-efficient production environments. However, the market’s trajectory is not without its challenges. Economic uncertainties, the volatility of raw material prices, and the fierce competition among regional market players present considerable hurdles. Yet, the adherence to stringent regulatory standards across these regions signifies the industry’s dedication to maintaining quality and ensuring compliance with biocompatibility standards.
Key Topics Covered:
Executive Summary
Architectural Metal Coatings Market Snapshot (2023 vs. 2028)Polyester to be Largest Resin Segment in Architectural Metal Coatings MarketCoil Coatings Application to Dominate Market During Forecast PeriodWall Panels & Facades to Account for Largest Share in Coil Coatings ApplicationCurtain Walls to Account for Largest Share in Extrusion Coatings ApplicationAsia-Pacific to Record Highest CAGR During Forecast Period
Premium Insights
Attractive Opportunities for Players in Architectural Metal Coatings Market – Emerging Economies to Offer Lucrative Growth Opportunities for Market PlayersArchitectural Metal Coatings Market, by Resin Type – Polyester Segment to Dominate Market During Forecast PeriodArchitectural Metal Coatings Market in Asia-Pacific, by Resin Type and Country – China Accounted for Largest Share of Architectural Metal Coatings Market in Asia-PacificArchitectural Metal Coatings Market, Developed vs. Emerging Economies – Emerging Countries to Witness Faster Growth Than Developed CountriesArchitectural Metal Coatings Market, by Key Countries – India to Record Highest CAGR During Forecast Period
Market Dynamics
Drivers
Growth of Construction Industry in Emerging EconomiesGovernment Investments in Infrastructure ProjectsIncreasing Use of Architectural Metal Coatings for Wall Cladding and Roofing of Buildings
Restraints
Availability of Low-Cost ProductsIncreasing Demand for Substitute Products Such as Bio-based Polymers
Opportunities
Growth in Adoption of SMP Coatings for Architectural ApplicationsShift in Production Base of Key Players to Emerging Economies
Challenges
Rising Cost of Raw Materials
Technology Analysis
Key TechnologyPolyesterComplimentary TechnologiesSilicone-Modified PolyesterAdjacent TechnologiesSilicone Modified PolyacrylatesPolyurethanePolyvinylidene Difluoride
Case Study Analysis
Case Study 1: Maynard H. Jackson Jr. International Terminal Hartsfield-Jackson International Airport Atlanta, GeorgiaCase Study 2: David L. Lawrence Convention Center Pittsburgh, PennsylvaniaCase Study 3: Del Valle High School
Companies Profiled
The Sherwin-Williams CompanyPPG Industries, Inc.Akzo Nobel N.V.Axalta Coating Systems Ltd.Nippon Paint Holdings Co. Ltd.Beckers GroupKansai Paint Co. Ltd.Wacker Chemie AGHempel A/SNoroo Coil Coatings Co. Ltd.Yung Chi Paint & Varnish Mfg. Co. Ltd.Jotun A/SAlcea S.P.A.Titan Coatings, Inc.Replasa Advanced Materials, SAKcc CorporationJiangsu Kaopule New Materials Co. Ltd.Kge GroupJiangsu Lanling Chemical Group Co. Ltd.Linuo Group
For more information about this report visit https://www.researchandmarkets.com/r/49576j
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