Architectural Metal Coatings Market

Architectural Metal Coatings Companies - Axalta Coating Systems Ltd (US) and Beckers Group (Germany) are Leading Players in the Architectural Metal Coatings Market

The global architectural metal coatings market size is projected to grow from USD 5.3 billion in 2023 to USD 6.7 billion by 2028, at a CAGR of 4.6%. The propulsion of this market growth is largely attributed to the burgeoning demand from the construction sector, particularly in emerging economies where the pace of infrastructural development is accelerating.

Architectural Metal Coatings Companies

In the realm of the architectural industry, the utilization of architectural metal coatings, encompassing both coil and extrusion coatings, represents a pivotal advancement in material technology. Coil coating, a pre-fabrication process, involves the application of a coat to metal coils in a continuous manner. While aluminum is the most common substrate for this process, it is by no means limited to this metal alone, with steel also serving as a viable candidate. Fluoropolymer coatings, distinguished by their fluoropolymer composition, are particularly noted for their superior durability and ability to withstand adverse weather conditions, aligning with the stringent performance specifications demanded by architects.

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Extrusion coatings, on the other hand, are integral to the manufacturing process of aluminum-preformed extrusions. This involves a meticulous procedure of pre-treating and cleaning, followed by the application of the coating through a spray process, and culminating in thermal curing to solidify the coating. This method ensures the longevity and aesthetic appeal of the architectural components.

The Asia Pacific region stands out as the fastest-growing market for architectural metal coatings, a trend fueled by the region's rapid infrastructural activities. Factors such as the ready availability of raw materials, cost-effective labor, enhanced trade relations, and the active participation of the private sector in the architectural industry are significant contributors to this growth. Additionally, the demographic dynamics of rising population and swift urbanization in the emerging economies of this region further amplify market expansion.

The architectural metal coatings market in the Asia Pacific region is witnessing robust demand, driven by the significant upsurge in construction activities. The market's growth is further bolstered by the coatings' environmentally friendly properties, durability, and enhanced aesthetic appeal. The strategic relocation of major European players to developing nations, including India and Saudi Arabia, presents lucrative growth prospects. Nonetheless, the escalating costs of raw materials pose a formidable challenge, necessitating innovative strategies to navigate this obstacle efficiently.

There are various small, medium, and large players operating in the market. Some of the major market players include The Sherwin-Williams Company (US), PPG Industries, Inc. (US), AkzoNobel N.V. (Netherlands), Axalta Coating Systems Ltd (US), Beckers Group (Germany), Kansai Paint Co., Ltd. (Japan), Nippon Paint Holdings Co., Ltd (Japan), Wacker Chemie AG (Germany), Hempel A/S (Denmark), and NOROO Paint & Coatings Co., Ltd. (South Korea). They have implemented a range of growth tactics, including financial investments and operational growth, unveiling new products, engaging in mergers and acquisitions, and establishing joint ventures, all aimed at enhancing their market position.

Axalta Coating Systems Ltd: Axalta Coating Systems Ltd. is a key player in the production and distribution of specialized coating systems, operating through two main segments: Performance Coatings and Mobility Coatings. The Performance Coatings segment offers a diverse array of liquid and powder coatings to a wide-ranging customer base, while the Mobility Coatings segment delivers cutting-edge coating solutions to the automotive industry, serving original equipment manufacturers of light and commercial vehicles with industry-specific needs.

Becker Group: Beckers Group is a leading supplier of industrial coatings and coil coatings. The company functions under four business segments—building and construction, domestic appliances, vehicles and heavy-duty machinery, and consumer goods. Architectural metal coatings are included under the building and construction segment. These coatings are used in applications such as roofing and metal siding, cladding, rainwater systems, roofing-tile sheets, roller shutters, and garage doors. The company is focused on developing sustainable coatings, and its vision is to become the most sustainable industrial coatings company in the world.

Beckers Group has 23 production sites in 17 countries. The company has established two key laboratories—Long Term Development laboratory in the UK and Long-Term Research laboratory situated in Sweden, which are dedicated to coil coatings and industrial paints, respectively. One of the examples of innovative solutions from the company's Long Term Development laboratory is targeting the coil coating market, which specifies textured and high-coverage topcoats, polyurethane and polyester-based coatings, and multilayer systems featuring alternative chemistries.

Related Reports:

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 to 2028

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Architectural Metal Coatings Market Size,  Share & Growth Report
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