Architectural Metal Coating Market Production Analysis by Size, Share & Demand to 2034
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 metal
coatings to protect and enhance the appearance of metal surfaces. The
flourishing construction industry is one of the major drivers of market
expansion.
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 metal
coatings.
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With the rising cost of
energy, there has been a growing focus on adopting energy-efficient practices
in buildings. 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 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 an analyst at FMI.
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 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.
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified,
recipient of the Stevie Award, and a member of the Greater New York Chamber of
Commerce) offers profound insights into the driving factors that are boosting
demand in the market. FMI stands as the leading global provider of market
intelligence, advisory services, consulting, and events for the Packaging, Food
and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals
markets. With a vast team of over 5000 analysts worldwide, FMI provides global,
regional, and local expertise on diverse domains and industry trends across
more than 110 countries.
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