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Sales of coil coatings are expected to reach $5.29 billion worldwide by the end of 2023. By 2030, analysts predict that the market's revenue will have reached US$ 8.35 billion, with a compound annual growth rate of 5.7%.
There has been linear expansion in the worldwide coil coatings market and its applications over the past few years, and this expansion is expected to quicken in the years to come. The global coil coatings market will be driven by the properties of the coatings themselves, such as hardness, stain resistance, flexibility, and corrosion resistance, as well as by an increase in demand from end user industries like construction, appliances, automobiles, and others.
The rapidly developing economies of Asia-Pacific, the Rest of the World, and North America have all contributed to the explosive expansion of the coil coatings industry, which is only anticipated to increase. Numerous market participants are investing heavily and growing their operations in order to meet the future demands of the industries that provide end-user applications. In 2013, Asia-Pacific was the world's largest coil coatings market, accounting for over 51.04 percent of global demand.
Coil coating is a continuous and automated industrial process that efficiently applies a coating to metal coils. The coatings are based on the straightforward yet effective principle of applying a coating on previously cleaned, pretreat, and coated flat coils of metal or aluminum. A rise in consumer spending and government spending on public infrastructure bodes well for the construction industry, which should in turn boost demand. The market will be propelled forward by the rising demand for coil coating paint on pre-coated products or metals used in construction wall cladding and roofing. Demand for modern furniture, which in turn is expected to increase demand for practical coil-coated metals, is fueled in part by increased disposable income and a greater standard of living. It is anticipated that the automobile industry would also contribute to global growth. Automakers frequently employ color coated coils because they provide metals with a uniform and high-quality finish at a reasonable price. Using these metals also allows manufacturers to tailor the feel and look of their products for different markets.
Coil coatings are most widely used in the construction industry. Polyester resin, silicone-modified polyester, polyvinylidene fluoride (PVDF), and fluoropolymer are the principal resins used in construction. Home builders and consumers are gradually shifting toward building techniques that yield performance and energy savings over the long term as a result of the proliferation of building rules that favor energy-efficient structures.
The construction industry's increasing need is one element propelling the coil coatings market. The Magnolia Mixed-Use Complex in Texas, which is estimated to cost USD 1 billion, is currently under development and is scheduled for completion in the first quarter of 2025. Another project with a 2026 completion date is Tokyo, Japan's Minamikoiwa 6-Chome District Type One Urban Redevelopment. Roofing, steel doors, aluminum panels, rubber, metal lamination bonding, renovations, and other construction-related tasks are all predicted to make use of coil items.
Individual market affecting elements and changes in market regulation in the domestic market are provided in the report's nation section, which affect the present and future trends of the market. Market scenarios for different countries are predicted using data points such as down- and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies. In addition to considering the influence of domestic tariffs and trade routes, the projection analysis of nation data also takes into account the presence and availability of global brands and the issues they face due to significant or scarce competition from local and domestic companies.
Report Coverage
Global Coil Coatings research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Coil Coatings report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Coil Coatings competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Coil Coatings market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Coil Coatings market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Coil Coatings market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Akzo Nobel N.V. (Netherlands), Henkel Adhesives Technologies India Private Limited (India), Kansai Nerolac Paints Limited (india), PPG Industries, Inc. (U.S.), Beckers Group (Europe), The Sherwin-Williams Company (U.S.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Coil Coatings market based on the below-mentioned segments:
Global Coil Coatings Market, By Type
Polyester
Fluoropolymer
Siliconized polyester
Plastisol
Others
Global Coil Coatings market, By Application
Steel
Aluminum
Global Coil Coatings Market, By End User
Building & construction
Automotive
Appliance
Others
Global Coil Coatings market, Regional Analysis
There has been linear expansion in the worldwide coil coatings market and its applications over the past few years, and this expansion is expected to quicken in the years to come. The global coil coatings market will be driven by the properties of the coatings themselves, such as hardness, stain resistance, flexibility, and corrosion resistance, as well as by an increase in demand from end user industries like construction, appliances, automobiles, and others.
The rapidly developing economies of Asia-Pacific, the Rest of the World, and North America have all contributed to the explosive expansion of the coil coatings industry, which is only anticipated to increase. Numerous market participants are investing heavily and growing their operations in order to meet the future demands of the industries that provide end-user applications. In 2013, Asia-Pacific was the world's largest coil coatings market, accounting for over 51.04 percent of global demand.
Coil coating is a continuous and automated industrial process that efficiently applies a coating to metal coils. The coatings are based on the straightforward yet effective principle of applying a coating on previously cleaned, pretreat, and coated flat coils of metal or aluminum. A rise in consumer spending and government spending on public infrastructure bodes well for the construction industry, which should in turn boost demand. The market will be propelled forward by the rising demand for coil coating paint on pre-coated products or metals used in construction wall cladding and roofing. Demand for modern furniture, which in turn is expected to increase demand for practical coil-coated metals, is fueled in part by increased disposable income and a greater standard of living. It is anticipated that the automobile industry would also contribute to global growth. Automakers frequently employ color coated coils because they provide metals with a uniform and high-quality finish at a reasonable price. Using these metals also allows manufacturers to tailor the feel and look of their products for different markets.
Coil coatings are most widely used in the construction industry. Polyester resin, silicone-modified polyester, polyvinylidene fluoride (PVDF), and fluoropolymer are the principal resins used in construction. Home builders and consumers are gradually shifting toward building techniques that yield performance and energy savings over the long term as a result of the proliferation of building rules that favor energy-efficient structures.
The construction industry's increasing need is one element propelling the coil coatings market. The Magnolia Mixed-Use Complex in Texas, which is estimated to cost USD 1 billion, is currently under development and is scheduled for completion in the first quarter of 2025. Another project with a 2026 completion date is Tokyo, Japan's Minamikoiwa 6-Chome District Type One Urban Redevelopment. Roofing, steel doors, aluminum panels, rubber, metal lamination bonding, renovations, and other construction-related tasks are all predicted to make use of coil items.
Individual market affecting elements and changes in market regulation in the domestic market are provided in the report's nation section, which affect the present and future trends of the market. Market scenarios for different countries are predicted using data points such as down- and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies. In addition to considering the influence of domestic tariffs and trade routes, the projection analysis of nation data also takes into account the presence and availability of global brands and the issues they face due to significant or scarce competition from local and domestic companies.
Report Coverage
Global Coil Coatings research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Coil Coatings report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Coil Coatings competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Coil Coatings market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Akzo Nobel N.V. (Netherlands), Henkel Adhesives Technologies India Private Limited (India), Kansai Nerolac Paints Limited (india), PPG Industries, Inc. (U.S.), Beckers Group (Europe), The Sherwin-Williams Company (U.S.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Coil Coatings Market from 2021 to 2030.
- Market Forecast for Coil Coatings Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Coil Coatings competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Coil Coatings
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Coil Coatings market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Coil Coatings market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Akzo Nobel N.V. (Netherlands), Henkel Adhesives Technologies India Private Limited (India), Kansai Nerolac Paints Limited (india), PPG Industries, Inc. (U.S.), Beckers Group (Europe), The Sherwin-Williams Company (U.S.)
Primary Target Market
- Market Players of Coil Coatings
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Coil Coatings market based on the below-mentioned segments:
Global Coil Coatings Market, By Type
Polyester
Fluoropolymer
Siliconized polyester
Plastisol
Others
Global Coil Coatings market, By Application
Steel
Aluminum
Global Coil Coatings Market, By End User
Building & construction
Automotive
Appliance
Others
Global Coil Coatings market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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