The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. Key participants include Dynacast Ltd., Ryobi Limited, Gibbs (Koch Enterprises Inc.), POSCO, CALMET, Hitachi Metals, MES Inc., Alcast Technologies, Arconic, and Uniabex, among others. Indiaand China are recording an increase in industrial output, which is, in turn, favoring the demand for metal casting. The Asia Pacific acquired the highest share of 64.3% in 2019 in the market for metal casting. Construction equipment & machinery, heavy vehicles, curtain walling, door handles, windows, and roofing can be used in finished goods. The growing use of lightweight properties casting on the account and the aesthetic appeal it offers drives demand for throwing in the construction market. The automotive segment is growing at a higher CAGR of 5.3% owing to the initiatives taken by the government across the world focusing on stricter pollution & fuel efficiency regulations resulting in a boost of demand for aluminum, the primary casting material in the automotive industry A significant portion of the demand in this segment is projected to come from emerging markets, especially from the automotive, construction, and oil & gas sectors.
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