Demand for coated metal in applications and segments like metal roofing and building and construction is rising exponentially, fueled by a global boom in commercial, residential and industrial construction and renovation activity.
Durable, high-quality coil and extrusion coatings for exterior applications offer excellent protection against weathering, sun exposure, chemicals, heat and other harsh outdoor elements. They are also more sustainable, which is an increasingly important factor as industries look to reduce their carbon footprints by utilizing bio-renewable, sustainable and energy efficient materials and processes. For example, our CERAM-A-STAR® 1050 coil coating system can be used with our COOL CHEMISTRY® technology, which contains infrared reflective pigments. These pigments are designed to reflect infrared energy while still absorbing visible light energy, so they stay cooler.
There is growing awareness of the opportunities and benefits of using coated metals for other applications, too, such as metal roofing or monumental projects that use aluminum composite panels. In addition, we are seeing growing demand for a targeted portfolio of colors that coaters and distributors can supply to specifiers and architects that enable quicker turnarounds on projects and improved efficiencies for their businesses.
Like most sectors, the coatings industry was affected by the restrictions and uncertainties of the pandemic, but it has emerged stronger and more resilient. Demand for certain coatings and their end-use products rose during the crisis. In North America and Europe, the strength of the construction and residential housing market ensured demand for our products remained high as lockdown restrictions lifted.
Of course, many challenges still remain. All sectors of the coatings industry have been hit by extreme global raw material shortages and supply disruptions—often interrupting supply chains. Raw material, packaging and transportation costs are rising, and the availability of labor is tight resulting in unprecedented inflationary impacts. We continue to work with our customers and help them navigate this difficult landscape.