Global Metal Coating Market Expected to Reach XX Million by 2025
Durability, Corrosion Resistance, And Improved Texture Drives the Metal Coating Market
According to a new report published by Reports Monitor titled, “Metal Coating Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Metal Coating Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Metal Coating Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Metal coatings provide protection to many of the products. They are mainly used to form a layer, which changes the surface properties of the work piece to those of the metal being applied. Metal coatings are the coatings that are generally applied to metal in order to protect the metal and reduce wear and tear. It provides surface protection to many different products. Environmental exposure may rust and corrode the unprotected metal. To prevent ferrous metals from corroding and to improve the appearance of all metals the metal coatings are being used. Each type of coating have different goal and appearance.
The market is growing rapidly, owing to the increasing building & construction, automotive, and appliances industries. In building & construction sector there is continuous demand for fluoropolymer resin type. The increase in infrastructure development also boosts the metal coating market. The benefits such as increased durability, corrosion resistance, and improved texture drive the global metal coating market. In market the fixturing process is very costly, and may boost the cost of metal coating process which may also restrain the growth of the market. The market may face various different challenges such as stringent and time consuming policies and major hurdle for new entrants in the market.
As per the segmentation, the market is segmented by technology, by type, by process, by end-user, and by region. On the basis of technology, the market is segmented into liquid coating, powder coating, and others. The type of the market is fragmented into various types such as zinc coatings, aluminium coatings, electroless coatings, and others. Moreover, the process segment is bifurcated into hot-dip galvanizing, coil coating, extrusion coating, and others. The end-users of the market are segmented into building & construction, automotive & transportation, furniture & packaging industries, and others.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • Who are the major key players in global metal coating market and what are their strategies? • Which vertical industry is expected to show major growth? • What segment and region will lead the market and why?
The major companies profiled in the report include: Axalta Coating Systems, BASF SE, E.I. du Pont de Nemours and Company, The Valspar Corporation, The Sherwin-Williams Company, The Becker Group Ltd, PPG Industries Inc, Nippon Paint Holdings Co. Ltd, Kansai Coating System, Henkel AG & Co. KGaA, AkzoNobel N.V, and others.
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