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.
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.
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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.
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 companys 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.
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 2027
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