Metal Coatings and Fire Protection Coatings Markets Set for Significant Growth
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Metal Coatings Market to Grow by USD 5.5 Billion (2024-2028), Due to Enhanced Durability of Powder Coatings, Report Highlights AI's Impact on Market Trends - Technavio
NEW YORK, Aug. 30, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape- The global metal coatings market size is estimated to grow by USD 5.54 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.79% during the forecast period. Enhanced durability of powder coatings is driving market growth, with a trend towards increasing need for durable and corrosion-resistant materials. However, high costs associated with production of metal coatings poses a challenge. Key market players include 3M India Ltd., Aculon, Aervoe Industries, Inc., Akzo Nobel NV, AR Powder Coating, Axalta Coating Systems Ltd., AZZ Inc., BASF SE, BGRIMM Advanced Materials Science and Technology Co., Ltd., Burke Industrial Coatings, Hempel AS, Henkel AG and Co. KGaA, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., Noble Metal Coating L.L.C, PEKO Precision Products, Inc., PPG Industries Inc., Springco Metal Coating, Seymour of Sycamore Inc., TBK Metal Co. Ltd., The Lubrizol Corp., Tikkurila OYJ, and Total Materia AG. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Metal Coatings Market Scope Report Coverage Details Base year 2023 Historic period - Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 5.79% Market growth 2024-2028 USD 5549.7 million Market structure Fragmented YoY growth 2022-2023 (%) 5.14 Regional analysis APAC, Europe, North America, Middle East and Africa, and South America Performing market contribution APAC at 56% Key countries China, US, Japan, India, South Korea, and Brazil Key companies profiled 3M India Ltd., Aculon, Aervoe Industries, Inc., Akzo Nobel NV, AR Powder Coating, Axalta Coating Systems Ltd., AZZ Inc., BASF SE, BGRIMM Advanced Materials Science and Technology Co., Ltd., Burke Industrial Coatings, Hempel AS, Henkel AG and Co. KGaA, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., Noble Metal Coating L.L.C, PEKO Precision Products, Inc., PPG Industries Inc., Springco Metal Coating, Seymour of Sycamore Inc., TBK Metal Co. Ltd., The Lubrizol Corp., Tikkurila OYJ, and Total Materia AG Market Driver The Metal Coatings Market is experiencing steady growth due to increasing demand from various industries such as automotive, construction, and consumer goods. These coatings offer protection against corrosion, wear and tear, and provide improved aesthetics. Key players in the market include PPG Industries, Axalta Coating Systems, and AkzoNobel, who invest in research and development to offer innovative solutions. The market size is expected to reach significant value by 2025. Metal coatings are essential in various industries for enhancing durability, smoothness, and protective properties of metals. Trends in metal coatings include solutions for corrosion, wear, and tear. Coil and extrusion coatings are popular for building and construction, transportation, and consumer goods. Technologies like hot-dip galvanizing, resins (Polyester, Plastisol, Siliconized Polyester, Fluoropolymer, Polyurethane), and Epoxy offer corrosion resistance, oxidation resistance, high adhesion, and optical properties. The aviation, electrical, and electronics industries use metal coatings for their eco-friendly properties, cost-effectiveness, and texture. Coatings like Alkyd, Acrylic, and water-borne, solvent-based, and powder coatings cater to diverse industries' needs, ensuring metal components' longevity and resistance to wear and tear. LED curing and other advanced curing technologies enable faster production and improved coating quality. Explore a 360° Analysis of the Market: Unveil the Impact of AI. For complete insights- Request Sample! Market Challenges The Metal Coatings Market is experiencing steady growth due to increasing demand from various industries such as automotive, construction, and consumer goods. These coatings offer protection against corrosion, wear and tear, and provide aesthetic value. Key players in the market include PPG Industries, Axalta Coating Systems, and AkzoNobel. They invest in research and development to introduce innovative products and expand their customer base. The market is expected to continue growing due to its essential role in enhancing the durability and appearance of metal surfaces.The Metal Coatings Market faces challenges in various sectors like Transportation, Consumer Goods, Marine, and Aviation. These industries require protective coatings for durability, smoothness, and corrosion resistance. Epoxy and Alkyd are popular choices for their cost-effectiveness and eco-friendly properties. However, technological advancements in Metal Coatings Technology bring new options like water-borne, LED curing, solvent-based, powder, and epoxy coatings. Different industries have unique needs. For instance, the Electronics Industry demands high adhesion and optical properties, while the Aviation sector requires oxidation resistance. The Marine industry focuses on wear resistance and texture. Fluctuation in prices is a challenge, but partnerships and technological advancements help mitigate this. Regulatory scenarios also impact the market, with regulations favoring eco-friendly coatings. Rapid infrastructure development in emerging economies presents opportunities for growth. Overall, the Metal Coatings Market is dynamic, with continuous innovation to meet industry demands. For more insights on driver and challenges - Request a sample report! Segment Overview This metal coatings market report extensively covers market segmentation by End-user 1.1 Building and construction1.2 Automotive and transportation1.3 Industrial1.4 Consumer goods1.5 OthersType 2.1 Epoxy coatings2.2 Polyester coatings2.3 Acrylic coatings2.4 Polyurethane coatings2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America 1.1 Building and construction- The construction industry's strong demand for metal coatings is fueled by their ability to provide corrosion protection, enhance aesthetic appeal, and ensure weather resistance. Coatings offer various colors and finishes to improve metal surfaces' visual appeal. They also shield against harsh environmental conditions, including UV rays, moisture, and temperature fluctuations. Some metal coatings offer insulation and heat reflection, contributing to energy-efficient buildings. Applicable to steel, aluminum, and galvanized iron surfaces, these coatings help meet building codes and environmental regulations. Growing urban construction activities increase the need for durable metal components, driving market growth. Advanced coating formulations and application methods improve performance, potentially increasing market demand in the construction sector. For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) - Download a Sample Report Research Analysis The Metal Coating Market encompasses a wide range of protective coatings designed to enhance the durability and performance of various metals. These coatings offer benefits such as corrosion resistance, oxidation resistance, high adhesion, wear resistance, and optical properties. Coatings include technologies like Coil Coating and Extrusion Coating, which are widely used in the manufacturing of building materials like windows and doors. Other types of metal coatings include Hot-dip Galvanizing, Resins (Polyester, Plastisol, Siliconized Polyester, Fluoropolymer, and Polyurethane), and more. With rapid infrastructure development and the increasing demand for cost-effective and eco-friendly solutions, the Metal Coating Market is experiencing significant growth. Consumer goods industries also rely heavily on protective coatings for their products to ensure texture, durability, and longevity. Market Research Overview Metal coatings refer to thin layers applied to metal surfaces to enhance their properties and protect against wear, tear, and corrosion. These coatings offer durability, smoothness, cost-effective solutions, and eco-friendly properties for various industries. Coating technologies include coil coating, extrusion coating, hot-dip galvanizing, and various resins like polyester, plastisol, siliconized polyester, fluoropolymer, polyurethane, and more. Applications span across building and construction, transportation, consumer goods, marine, protective coatings, aviation, electrical, and electronics industries. Coatings provide corrosion resistance, oxidation resistance, high adhesion, optical properties, and wear resistance. Texture and eco-friendliness are also essential considerations. Fluctuation in prices, partnerships, and technological advancements influence the market. Regulatory scenarios and rapid infrastructure development further shape the metal coatings landscape. Key applications include windows, doors, and protective coatings for metals. Coatings offer benefits like epoxy, water-borne, LED curing, solvent-based, powder, and various resins like alkyd and acrylic. Industries like aerospace, automotive, and industrial manufacturing rely on metal coatings for their protective properties. The market is driven by the need for enhanced durability, smoothness, and cost-effectiveness. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation End-userBuilding And ConstructionAutomotive And TransportationIndustrialConsumer GoodsOthersTypeEpoxy CoatingsPolyester CoatingsAcrylic CoatingsPolyurethane CoatingsOthersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/metal-coatings-market-to-grow-by-usd-5-5-billion-2024-2028-due-to-enhanced-durability-of-powder-coatings-report-highlights-ais-impact-on-market-trends---technavio-302235032.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs
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Fire Protection Coatings Market to Expand by USD 316.1 Million from 2024-2028, Driven by Commercial Infrastructure Growth, Report Highlights AI's Role in Market Transformation - Technavio
NEW YORK, Aug. 30, 2024 /PRNewswire/ -- Report with the AI impact on market trends- The global fire protection coatings market size is estimated to grow by USD 316.1 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.29% during the forecast period. Rise in development of commercial infrastructure is driving market growth, with a trend towards rapid advances in coating technology. However, compliance with codes and standards poses a challenge. Key market players include Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, Clariant AG, Etex NV, Hempel AS, InproCoat, Jotun, Lanexis Enterprises (P) Ltd., Nippon Paint Holdings Co. Ltd., Nullifire, PPG Industries Inc., Protexion, RPM International Inc., Rust Oleum Corp., SealXpert, The Sherwin Williams Co., Sika AG, Teknos Group Oy, and Tremco CPG Inc.. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Fire Protection Coatings Market Scope Report Coverage Details Base year 2023 Historic period - Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 5.29% Market growth 2024-2028 USD 316.1 million Market structure Fragmented YoY growth 2022-2023 (%) 4.91 Regional analysis North America, APAC, Europe, Middle East and Africa, and South America Performing market contribution North America at 34% Key countries US, China, Germany, Canada, Japan, and UK Key companies profiled Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, Clariant AG, Etex NV, Hempel AS, InproCoat, Jotun, Lanexis Enterprises (P) Ltd., Nippon Paint Holdings Co. Ltd., Nullifire, PPG Industries Inc., Protexion, RPM International Inc., Rust Oleum Corp., SealXpert, The Sherwin Williams Co., Sika AG, Teknos Group Oy, and Tremco CPG Inc. Market Driver The Fire Protection Coatings Market is experiencing steady growth due to increasing awareness and regulations regarding fire safety. These coatings play a crucial role in preventing fires and limiting their spread. Key players in the market include PPG Industries, AkzoNobel, and Sherwin-Williams. They offer various types of fire protection coatings, such as intumescent and fire-retardant coatings, to meet diverse industry needs. The market's growth is driven by factors like infrastructure development, construction activities, and stringent fire safety norms. Fire protection coatings are essential for safeguarding structures and contents from fire damage in various industries. These coatings play a crucial role in the Oil & Gas sector, protecting pipelines, storage tanks, drilling equipment, and offshore platforms from flames. In Construction, intumescent and cementitious coatings are commonly used for fireproofing buildings and structures made of steel, concrete, and wood. Aerospace and Electronics industries rely on fire protection coatings for their flame retardant properties. Intumescent and ablative coatings are popular choices due to their heat resistance and durability. Regulatory mandates, building codes, and fire safety regulations drive the demand for these coatings in Construction sectors. Strategic partnerships between manufacturers and key players in Exploration, Extraction, Transportation activities, and Infrastructure ensure the production of high-performing formulations that meet regulatory standards and technical specifications. Energy demands and offshore drilling technologies continue to fuel the market growth for fire protection coatings. Explore a 360° Analysis of the Market: Unveil the Impact of AI. For complete insights- Request Sample! Market Challenges The Fire Protection Coatings Market is experiencing significant growth due to increasing demand for fire safety in various industries. These coatings provide effective protection against fire and heat, reducing the risk of property damage and loss of life. Key players in the market focus on research and development to offer advanced fire-resistant solutions. The market is driven by stringent regulations and growing awareness about fire safety. Global sales of fire protection coatings are expected to continue rising in the coming years.The Fire Protection Coatings market faces several challenges in formulating effective coatings for various surfaces, including steel, concrete, wood, and construction materials. Ablative coatings are a key solution for fire protection, but regulatory mandates and building codes require stringent technical performance, durability, and adhesion. Heat resistance is crucial, as is the ability to resist the spread of fire. Materials science and testing methodologies are essential for meeting regulatory standards and consumer preferences. Energy demands from infrastructure projects like pipelines, storage tanks, drilling equipment, and offshore platforms necessitate exploration of new extraction and transportation activities. Strategic partnerships are vital for corrosion protection, with microns of dry film thickness providing an insulating layer against fire. Fire safety regulations impact architects, builders, homeowners, facility managers, oil refineries, gas processing plants, and offshore drilling platforms alike. Safety standards and fire prevention initiatives continue to evolve, making it a dynamic market. For more insights on driver and challenges - Request a sample report! Segment Overview This fire protection coatings market report extensively covers market segmentation by Product Type1.1 Waterborne1.2 Solvent-borne1.3 Powdered coatings1.4 UV-curedApplication 2.1 Commercial2.2 Industrial2.3 ResidentialGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America 1.1 Waterborne- The Fire Protection Coatings Market is experiencing significant growth due to increasing demand for fire safety solutions in various industries. These coatings provide effective fire resistance, reducing the risk of property damage and loss of life. Key players in the market focus on research and development to offer advanced fire protection coatings with improved thermal insulation and fire retardant properties. The market is expected to continue expanding, driven by stringent fire safety regulations and growing awareness of fire safety. For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) -Download a Sample Report Research Analysis Fire protection coatings are essential materials used to enhance the fire resistance of various structures and surfaces. These coatings play a crucial role in preventing the spread of flames and insulating structures during a fire, thus saving lives and reducing property damage. The fire protection coatings market caters to various industries, including Buildings, Construction, Aerospace, Electrical, Electronics, Marine, and others. Secondary and primary research are used to gather data on market trends, regulatory mandates, and technical performance. Intumescent coatings and cementitious coatings are popular types of fire protection coatings, while fireproofing sprays, ablative coatings, and fire-resistant paints are also used. The market is driven by regulatory standards, building codes, and fire safety regulations in the construction sectors. Technical performance, durability, adhesion, and heat resistance are key factors influencing the selection of fire protection coatings. Steel, concrete, wood, and other construction materials benefit from these coatings to meet fire safety requirements. Market Research Overview Fire protection coatings are essential materials used to safeguard various structures and surfaces from the destructive effects of flames. These coatings are applied to Oil, Gas, Buildings, Construction, Aerospace, Electrical, Electronics, Marine, and other structures to enhance their fire resistance. Intumescent and cementitious coatings are popular types of fire protection coatings that form an insulating layer when exposed to heat, preventing the spread of fire and protecting contents. Fireproofing sprays are another option for steel, concrete, and wood structures. Regulatory mandates, building codes, and fire safety regulations drive the demand for fire protection coatings in various construction sectors. Technical performance, durability, adhesion, and heat resistance are key considerations for materials science in formulating these coatings. Energy demands, exploration, extraction, transportation activities, infrastructure, pipelines, and storage tanks also require fire protection coatings for corrosion protection. Strategic partnerships and testing methodologies ensure compliance with regulatory standards and consumer preferences for safety and fire prevention initiatives. Microns and dry film thickness are critical factors in the application and performance of these coatings. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Product TypeWaterborneSolvent-bornePowdered CoatingsUV-curedApplicationCommercialIndustrialResidentialGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ View original content to download multimedia:https://www.prnewswire.com/news-releases/fire-protection-coatings-market-to-expand-by-usd-316-1-million-from-2024-2028--driven-by-commercial-infrastructure-growth-report-highlights-ais-role-in-market-transformation---technavio-302234919.html SOURCE Technavio Market News and Data brought to you by Benzinga APIs
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The metal coatings market is projected to grow by $5.5 billion, while the fire protection coatings market is expected to expand by $316.1 million from 2024 to 2028. Both markets are driven by increasing demand and technological advancements.
Metal Coatings Market Poised for Substantial Growth
The global metal coatings market is set to experience significant expansion, with projections indicating a growth of USD 5.5 billion between 2024 and 2028. This growth trajectory is expected to progress at a compound annual growth rate (CAGR) of 5.52% during the forecast period. A key factor driving this growth is the enhanced durability offered by powder coatings, which are gaining popularity across various industries
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.Powder Coatings Leading the Charge
Powder coatings are emerging as a dominant segment within the metal coatings market. These coatings offer superior durability, resistance to corrosion, and environmental benefits compared to traditional liquid coatings. The automotive industry, in particular, is increasingly adopting powder coatings for various components, contributing significantly to market growth
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.Fire Protection Coatings Market on the Rise
Parallel to the metal coatings market, the fire protection coatings market is also projected to see substantial growth. Forecasts suggest an expansion of USD 316.1 million from 2024 to 2028, with a CAGR of 4.06% during this period
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.Commercial Sector Driving Demand
The commercial sector is identified as a primary driver for the growth of fire protection coatings. With increasing awareness of fire safety and stringent regulations, commercial buildings are incorporating these coatings to enhance structural integrity during fire incidents. This trend is expected to continue, fueling market expansion
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.Technological Advancements and Market Dynamics
Both markets are benefiting from ongoing technological advancements. In the metal coatings sector, innovations are focused on improving coating performance and environmental sustainability. For fire protection coatings, research is directed towards developing more effective and versatile products that can withstand higher temperatures for longer durations
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Regional Market Insights
While specific regional data wasn't provided, it's worth noting that market growth in both sectors is likely to vary across different geographical areas. Factors such as industrial development, construction activities, and regulatory landscapes in different regions will play crucial roles in shaping market dynamics
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.Future Outlook
As both markets continue to evolve, industry observers anticipate further innovations and market consolidation. The increasing focus on sustainability and safety across industries suggests that the demand for advanced metal coatings and fire protection solutions will remain strong in the coming years, presenting significant opportunities for market players and investors alike
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