The construction industry has been growing rapidly over the past few years, in both developed and developing countries. As per the Bureau of Labor Statistics, the construction industry is registering 4.5 year-on-year growth rate and is further expected to become the fastest growing industry by 2020s. Other than this, the automotive industry is also witnessing swift expansion, particularly in Asia-Pacific. As per the Society of Indian Automobile Manufacturers, the automobile industry in India produced about 2.9 million vehicles in the fiscal year 2018, in comparison to 2.5 million vehicles in 2017.

This growth of the construction and automotive industry is resulting in the rising demand for metal coating products, which, in turn, is predicted to lead to the growth of the global metal coatings market in the coming years, according to a report by P&S Intelligence. These coatings are applied on metal for protecting the surface and reducing wear and tear. Since unprotected metal will eventually corrode and rust due to environmental exposure, it is coated with an extra layer of protection. The type of coating which is applied to a metallic surface is determined by which industry is going to make use of the substrate.


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Metal coatings are made up of different types of resins, namely polyester, fluoropolymer, plastisol, polyurethane, and siliconized polyester. Out of all these, the demand for polyester-based metal coating is projected to be significantly high in the coming years, which can be attributed to the uniform properties of this resin, such as hardness, good bendability, and gloss and resistance to chemicals, ultraviolet (UV) rays, and scratches. Polyester resins are further of two types, namely cycloaliphatic polyester and aromatic polyester. Aromatic polyester resin is utilized widely as it is cost-effective.


APAC accounted for the largest market share during the historical period, owing to its rising population, demand for quality metal coating products, and increasing innovations and developments in end-use industries. High demand for these coatings in the APAC region acts as a major driving factor in the market.

Some of the major companies operating in the global metal coatings market are PPG Industries Inc., DowDuPont Inc., Akzo Nobel N.V., Sherwin-Williams, BASF SE, Axalta Coating Systems, Kansai Paint Group, Wilh. Becker Holding GmbH, Henkel AG & Co. KGaA, Nippon Paint Holdings Co. Ltd. Several industry participants have integrated their business operations and produce raw materials and final products. This helps companies to leverage technological capabilities and produce economically competitive products.