Enamel Coatings Market: Introduction
- Enamel coatings provide a hard and glossy finish. They are used for coating surfaces that are outdoors or otherwise subject to variations in temperature. Most enamel coatings are alkyd resin-based. Some enamel paints have been made by adding varnish to oil-based paints. Powder coated surfaces are long-lasting and resistant to chipping, scratching, fading, and wearing.
- Enamel coating offers a smooth layer and unique coating thickness. It can withstand temperatures up to 350°C. The technology of enamel powder coating has a wide range of application in cookers, microwave ovens, bath tubs, water heaters, and enamel products.
- In terms of resin, the global enamel coatings market can be segmented into alkyd, polyurethane, acrylic, and others. The polyurethane segment dominates the market. Polyurethane enamel coatings offer various benefits that increase the life and the glossiness of surfaces. They are used as topcoats for multilayer coatings, decorative coatings for interior and exterior walls, and chemical resistant films for harsh environment.
Key Drivers of Enamel Coatings Market
- Protective enamel coatings require the application of two layers of coats, namely primer and cover, which vary in composition and functional characteristics. Enameling of steel surfaces has been done since many years on different types of steel, depending on the final application of the enameled pieces. Enamel is a substantially vitreous or glassy inorganic coating bonded to a metal substrate by thermal fusion. It has many properties such as abrasion, wear and chemical resistance, high harness, brilliant colors, and incombustibility.
- Rise in demand for enamel coatings in the construction industry is driving the enamel coatings market. Increase in global population and growth in the number of nuclear families are boosting the demand for new houses. This, in turn, is augmenting the demand for enamel coatings. Expansion of consumer goods and automobiles industries is also propelling the market.
Restraints of Enamel Coatings Market
- Emission of harmful volatile organic compounds (VOCs), which are detrimental to the health and environment, from enamel coatings is anticipated to inhibit the market
- Dearth of universal directives pertaining to applications of enamel coatings is also expected to restrain the market during forecast period. Every country has different directives pertaining to applications of enamel coatings. Companies find it difficult to deal with these country-wise regulations. This is discouraging the investment in the enamel coatings market, thereby hampering the market.
COVID-19 impact on Enamel Coatings Market
- The COVID-19 outbreak is hampering the enamel coatings demand in many applications. Governments of various countries across the globe have enforced lockdown measures to curb the spread of the disease. This has resulted in the slowdown and halt in manufacturing operations, restrictions on supply and transport, and infrastructure slowdown. In turn, this has led to a decline in demand for enamel coatings across the globe.
- Key players operating in the enamel coatings market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these manufacturers are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of these materials.
Asia Pacific to Hold Major Share of Enamel Coatings Market
- In terms of region, the global enamel coatings market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a key region of the global enamel coatings market. Increase in demand for construction activities in Asia Pacific, primarily driven by the rise in residential construction, is augmenting the market in the region.
- Rise in demand for enamel coatings in construction and automotive industries in fast-growing economies such as China, India, and South Korea is driving the market in Asia Pacific
- The enamel coatings market in Middle East & Africa is expected to expand at a substantial pace in the near future. Latin America is also estimated to be a lucrative region of the enamel coatings market during the forecast period.
Enamel Coatings Market: Key Players
Major players operating in the enamel coatings market are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations. Key players operating in the market include:
- Asian Paints
- The Sherwin-Williams Company
- PPG Industries, Inc.
- Kansai Paint Co. Ltd
Enamel Coatings Market: Research Scope
Enamel Coatings Market, by Resin
- Alkyd
- Polyurethane
- Acrylic
- Others
Enamel Coatings Market, by Application
- Building & Construction
- Furniture
- Steel
- Glass
Enamel Coatings Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
