The global architectural metal coatings market size is expected to reach USD 7.32 billion by 2030, according to a new study by Polaris Market Research. The report “Architectural Metal Coatings Market Share, Size, Trends, Industry Analysis Report, By Type (Polyurethane, Polyester, Fluoropolymer, Others); By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing construction sector with rapid industrialization and urbanization drive the architectural metal coating demand over the forecast period. In addition, change in consumer preference and rising awareness among people regarding safety & VOC emission from architectural coating also fuels the market growth.
There has been a rise in demand for these coatings among architects on account of their longevity, energy efficiency, and reduced maintenance. Market players are introducing new innovative coatings with enhanced properties such as high resistance to UV, corrosion, and extreme weather conditions. These coatings provide superior chemical and solvent resistance and enable structures to withstand extreme temperatures, harsh environments, and mechanical stresses.
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The demand for architectural metal coatings is expected to increase during the forecast period owing to an increase in urbanization and strengthening construction sector, especially in developing countries. An increase in investments in public infrastructure development, the introduction of international building codes, and rising adoption of energy-efficient buildings further support the growth of the global market.
The outbreak of COVID-19 hampered the growth of the market. The market suffered from operational challenges, limited availability of raw materials, and restricted movement of goods. Reduced demand from construction sector due to lockdown restrictions and lack of workforce led to delays in ongoing projects, restricting the growth of the global market.
Asia-Pacific accounted for a major share of the global market in 2021. The increase in population, industrial growth, and urbanization has increased construction activities in the residential sector, boosting the market growth in the region. Growth in economy has led to rising in the construction of commercial buildings, factories, and manufacturing facilities, accelerating the demand for these coatings. Prominent market players with global presence are expanding their presence in Asia-Pacific to strengthen their market presence.
Architectural Metal Coatings Market Report Highlights
Polaris Market Research has segmented the architectural metal coatings market report based on type, application, and region:
Architectural Metal Coatings, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Architectural Metal Coatings, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Architectural Metal Coatings, Regional Outlook (Revenue - USD Billion, 2018 - 2030)