Architectural Metal Coatings Market Industry - Global Growth Drivers, Share, Size & New Opportunities

The global architectural metal coatings market is projected to grow from USD 5.1 billion in 2022 and is projected to reach USD 6.4 billion by 2027, at a CAGR of 4.6%, between 2022 and 2027 period. The growth of this market is attributed to the increase in demand from the construction industry, especially in emerging economies.

Browse?141 market data Tables and?45 Figures spread through?209 Pages and in-depth TOC on "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 - Global Forecast"

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The key players following the strategies between 2017 to 2022 are The Sherwin Williams Company (US), PPG Industries, Inc. (US), AkzoNobel N.V. (Netherlands), Axalta Coating Systems, LLC (US), and Nippon Paint Holdings Co. Ltd. (Japan). The companies are majorly following new product launch as the strategy to grow and expand the market. ?

The Sherwin-Williams Company (US) is a diversified paints and coatings company. The Sherwin-Williams Company operates under three business segments: The Americas Group, Consumer Brands Group, and Performance Coatings Group. Architectural metal coatings are manufactured under the performance coatings group segment and are sold in more than 120 countries. In December 2020, The coil coatings division of Sherwin-Williams launched a new platform for its polyester technologies PolyPREMIER. Many of its high-performance polyester coil coatings are now consolidated under this master brand to make it simple for customers to specify coatings for various applications.

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PPG Industries Inc. (US) operates through two business segments—performance coatings and industrial coatings. Architectural metal coatings are included under the performance coatings segment, along with the aerospace, protective coatings, and automotive refinish coatings. The company's lineup of residential, commercial, and industrial paint brands offers a wide range of choices to meet the varying needs of consumers, interior designers, painting contractors, property managers, developers, and architects around the globe. In June 2017, PPG launched a new website for architectural metal coatings featuring a streamlined appearance, intuitive navigation, and enhanced access to popular coatings specification tools.

The global architectural metal coatings market is projected to grow from USD 5.1 billion in 2022 and is projected to reach USD 6.4 billion by 2027, at a CAGR of 4.6%, between 2022 and 2027 period. Environment-friendly characteristics, durability, and better aesthetic appearance are driving consumption in various applications.

Asia Pacific is the largest and fastest-growing architectural metal coatings market. It is projected to grow at the highest CAGR during the forecast period. This is due to the rapid infrastructural activities in the region, driven by the availability of raw materials, low-cost labor, increasing trade relations with other regions, and private sector involvement in the architecture industry. The rising population and rapid urbanization in the emerging economies of the region also contribute significantly to the market growth.

The North American market for Architectural metal coatings is witnessing moderate growth. The US dominates the market in the region. Focus on better performance and aesthetics, new developments in coating processes, growing environmental awareness, and green mobility are the major factors that are driving the architectural metal coatings market in the region. Extensive R&D activities are encouraging the development of the architectural metal coatings market in North America. The construction industry’s growth is expected to increase over the next five years because of the economic growth and the easing of trade tensions in the region. The growth in the industry is projected to recover from the impact of COVID-19 from 2022 onwards as the ongoing smart city projects and infrastructural investments are expected to add momentum to the North American construction industry.

Continuous developments in the architectural metal coatings market are expected to help the market grow. The companies are providing products which will serve various applications. New product launches have also helped companies enhance their product portfolio.