Global Aluminum Coatings Market – Industry Trends and Forecast to 2029

Aluminum Coatings Market Analysis and Size

Over the last few years, the coatings business has experienced tremendous growth due to its expanding use in the building, construction, automotive, and semiconductor industries. In addition, the vehicle industry has experienced rapid expansion, which has considerably boosted the market. In 2018, 95,634,593 automobiles were produced, according to the International Organization of Motor Vehicle Manufacturers (OICA). The coatings market will continue to flourish in the future due to the automobile industry's preparedness for a seismic shift brought on by increased production rates, and the sector will experience a certain influx of demand, which will increase revenues over the course of the forecast period.

Global aluminum coatings market was valued at USD 2675.00 million in 2021 and is expected to reach USD 4596.15 million by 2029, registering a CAGR of 7.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Aluminum Coatings Market Scope and Segmentation

Market Definition

Aluminum coatings are metals' surface coatings that display excellent corrosion resistance. Aluminum is diffused into the surface of metals during the thermochemical process known as aluminizing, which is used to create this coating. Steel is the substance that is aluminized most frequently.

Aluminum Coatings Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Numerous Benefits Of Wood Grain Powder Coating

Wood grain powder coating is basically an environmentally sustainable finish with the appearance of real wood and the tensile strength of aluminum. In contrast to aluminum, real wood is more likely to split, distort, or eventually rot, particularly under extreme circumstances. Aluminum's durability and wood's aesthetic appeal mix in a straightforward specification process. Every project can use a variety of textures, from light to dark and everything in between. Moreover, it doesn't contain any VOCs and meets with AMAA 2065 regulations, it is regarded as being ecologically friendly. Also, it is lightweight, scratch and peel resistant, environmentally friendly, and does not rot, warp, or split. These beneficial features are estimated to carve a way for the growth of the market.

• High Usage for Constructional Purpose

The aluminum coatings are extensive used across construction industries. They are widely used in the building and construction sector to shield structures from any damage from the outside. Additionally, the product is applied in a number of ways to decorate infrastructure and buildings, both residential and non-residential, as well as industrial machinery, automobiles and boats, industrial wood, and other things.

The expansion of end use industries coupled with the increase in urbanization and population will further propel the growth rate of aluminum coatings market. Additionally, the rapid urbanization and industrialization in emerging countries, such as India, China, and Southeast Asia, will drive market value growth.

Opportunities

• Regulations boosting Demand for VOC-free Coatings

Moreover, the favorable initiatives by government associated with environmental regulations to increase demand for VOC-free coatings, will further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. The European Commission and other federal government agencies create new laws and regulations, such as the Eco-product Certification Scheme (ECS). These regulations guarantee low or no harmful VOC emissions and a green and sustainable environment. In order to produce more environmentally friendly coatings, these regulations incentivize coatings companies to invest in bio-based raw materials. Government regulations in the US and Western Europe, especially those pertaining to air pollution, will also continue to support the use of cutting-edge, low-pollution coating technology.

• Technological Advancements and Developments

Additionally, the latest technological innovation and developments in powder coatings will further expand the future growth of the paints and coatings market.

Restraints/Challenges

• Stringent Approval Process

The coatings manufacturers must enhance their manufacturing and production processes per the regulatory policies imposed by various governments. These stringent policies further result in more time for approval, which will create hindrances for the growth of the aluminum coatings market.

• Fluctuations in Raw Material Prices

The inconsistent raw material prices have a direct negative impact on the overall market’s growth. As a result, these fluctuations will pose as a major challenge the aluminum coatings market growth rate.

This aluminum coatings market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aluminum coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Aluminum Coatings Market

The recent outbreak of coronavirus had a negative impact on the aluminum coatings market. As a result of the outbreak's effects on other economies, the Chinese economy suffered huge damage from a decline in demand for its exports on a global scale. The growth rate will abruptly fall as the epidemic worsens because of shaky markets and increasing financial stress. Movement restrictions in Europe and the US significantly negatively impact the economy. Significant economic disruptions are also occurring in Southeast Asian nations and India. Lockdowns enacted by various governments caused businesses and offices to close down, and all activity stopped. The market faced disruption in supply chains, lesser availability of workforce, fluctuations in prices and availability of raw materials which hampered the market largely.

In order to keep the industries operating during these challenging times, the government imposed laws and limits on workforce. Also, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue, and the market is estimated to expand.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Aluminum Coatings Market Scope

The aluminum coatings market is segmented on the basis of type and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Anodized
• Fluoropolymer
• Baked Enamel
• Wood Grain Powder Coating

 End Users

• Residential Buildings
• Commercial
• Retail
• Hospitality
• Institutional Establishments
• Others

Aluminum Coatings Market Regional Analysis/Insights

The aluminum coatings market is analyzed and market size insights and trends are provided by country, type and end users as referenced above.

The countries covered in the aluminum coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increasing use of aluminum coatings in various applications within the region.

Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the rapid economic development in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Aluminum Coatings Market Share Analysis

The aluminum coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aluminum coatings market.

Some of the major players operating in the aluminum coatings market are

• AkzoNobel N.V. (Netherlands)
• PPG Industries Inc., (U.S.)
• The Sherwin-Williams Company (U.S.)
• RPM International Inc., (U.S.)
• NIPSEA GROUP (Japan)
• Arkema (France)
• Cardolite Corporation (U.S.)
• BASF SE (Germany)
• Evonik Industries AG (Germany)
• Reichhold LLC 2, (U.S.)
• DSM (Netherlands)
• Qualipoly Chemical Corp. (Taiwan)
• Arakawa Chemical Industries,Ltd. (Japan)
• Alberdingk Boley (U.S.)
• Eternal Materials Co.,Ltd.  (Taiwan)
• Wacker Chemie AG (Japan)
• DIC CORPORATION (Japan)

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