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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Coil Coatings Market Outlook
The global coil coatings market size attained a value of USD 7.05 billion in 2023. The market is further expected to grow at a CAGR of 6.4% between 2024 and 2032, to reach a value of USD 12.36 billion by 2032.
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Key Trends in the Market
Coil coating is refers to the coating of metal coils with a material to produce a coated finish before fabrication for further end uses. With this process, metal coils of different sizes can attain a uniform, high-quality, and coated finish. This method is used in various coating applications to provide smooth finish to diverse types of surfaces.
- Building and construction end users of coil coatings are driving the demand for the market due to the heightened application of coil coatings in developing interior and exterior wall panels, and ceilings, among others.
- Increasing application of coil coatings in home appliances is further expanding the market for coil coatings, further supported by the increasing sale of household appliances which is also bolstering the growth of technical coil coatings market.
- In Europe, the increasing sale of passenger and commercial automobiles is expected to garner the European coil coatings market in the forecast period. Moreover, with a significant number of companies active in market for coil coatings in Europe, the supply chain is anticipated to witness garnered health.
Global Coil Coatings Market Analysis
Based on resin type, the market is segmented into fluoropolymer, polyester, siliconised polymer, and plastisol, among others. On the basis of application, the market is classified into aluminium, and steel, among others. By end user, the market is categorised into building and construction, appliance, and automotive, among others. The regional markets for coil coatings are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global coil coatings market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Akzo Nobel N.V.
- BASF SE
- DuPont de Nemours, Inc.
- Kansai Paint Co.,Ltd.
- PPG Industries, Inc.
- Beckers Group
- The Sherwin-Williams Company
- Nippon Paint Holdings Co., Ltd.
- Wacker Chemie AG
- Bulk Chemicals, Inc.,
- Others
Global Coil Coatings Market Share by Resin Type
The polyester segment, based on resin type, accounts for a healthy share of the global coil coating market as polyester coil coatings are tough, hard, flexible, resistant to stain, and come in variety of colours and glosses. The increasing applications of the polyster resin type of coil coatings in interior and exterior spaces of houses is fuelling the segment’s growth. In addition, next-generation polyester coatings are ideal for garage and entry door applications which are integral components of residential complexes.
Global Coil Coatings Market Share by Application
Based on application, aluminium accounts for a significant share in the market for coil coatings as aluminium is widely available, improving supply chain management. Aluminium coil coatings provide high-quality surface finish uniform thickness throughout the coating and excellent durability in extreme weather conditions. In addition, aluminium can be painted in variety of colours which boosts the aesthetic appeal of a structure.
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Competitive Landscape
Akzo Nobel N.V. is a multinational chemicals company which develops and markets paints and high-performance coatings for various industries and consumers around the world. It was founded in 1994 and is headquartered in Amsterdam in the Netherlands.
BASF SE is one of the largest chemical companies across the world, the product portfolio of which includes automotive coatings, architectural and decorative coatings, paints and coating formulations, industrial coatings, and various types of construction coatings. The company was established in 1865 and is headquartered in Ludwigshafen, Germany.
DuPont de Nemours, Inc. is a leading multinational chemical company which manufactures adhesives, sealants, fibres, reinforced plastics, paints, and coatings, among others. It was founded in 2017 and is headquartered in Delaware in the United States.
Other market players include Kansai Paint Co.,Ltd., PPG Industries, Inc., Beckers Group, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Wacker Chemie AG, and Bulk Chemicals, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Resin Type |
|
| Breakup by Application |
|
| Breakup by End User |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of USD 7.05 billion in 2023.
The market is estimated to grow at a CAGR of 6.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 12.36 billion by 2032.
The rising applications of coil coating in various sectors, increasing demand from home appliances, easy availability of raw materials, and favourable advantages of coil coatings are the major drivers of the market.
The key trends in the market include the technological advancements in the automotive sector and growing research and development activities to develop next generation coatings.
Fluoropolymer, polyester, siliconised polymer, and plastisol, among others, are the different resin types of coil coatings in the market.
Aluminium, and steel, among others, are the major applications of coil coatings in the market.
Akzo Nobel N.V., BASF SE, DuPont de Nemours, Inc., Kansai Paint Co.,Ltd., PPG Industries, Inc., Beckers Group, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Wacker Chemie AG, and Bulk Chemicals, Inc., among others, are the key players of the coil coatings market, according to the report.
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