Metal Coatings Market | Exactitude Consultancy Reports
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Metal Coatings Market Overview
The Metal Coatings market is expected to grow at 8.3% CAGR from 2022 to 2029. It is expected to reach above USD 23.26 USD billion by 2029 from USD 11.2 billion in 2020.
The coatings which are applied over metals for protecting them from corrosion and reduce wear and tear are metal coatings. The process used are coil coating, extrusion coating and hot-dip galvanizing. The metal is processed as the entire surface is washed and given closely bonded finishes before the fabrication of metal into final products. Resins used to prevent from corrosion are polyester, plastisol, siliconized polyester, fluoropolymer and polyurethane. Metal coatings provide properties such as durability, smoothness, cost-effective and eco-friendly properties. Due to its benefits the demand for the product rises in the building and construction, automotive and transportation, consumer goods and appliances, marine and protective coatings.
Segment Analysis
The Metal Coatings market is segmented based on type, process, end user and region, global trends and forecast.
Based on the type of coating used the market is segmented into Polyester, Plastisol, Siliconized Polyester, Fluoropolymer, Polyurethane. Polyurethane and polyester-based coatings account for more than 20 % of the market As the process is continuous and highly automated , the quality of the paint finfish is great with coil metal coatings. It offers a uniform thickness and looks within tight tolerances.
Based on application market is sub segmented into liquid coating and powder coating. Liquid metal coatings have a bigger market share. Liquid form is mainly used in the automotive and construction industry owing to automatic processed and machines. Two layers are applied in coil coating for liquid based which are primer and topcoat.
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