Authored By: Sarah
11 Jul 2024

 Coil Coatings Market Size to grow by USD 1.98 billion between 2024-2028

According to a research report “ Coil Coatings Market” by Resin Type (Polyester, Plastisol, Siliconized polyester, Fluoropolymer, Others) End-user (Building and construction, Automotive, Appliance, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1.98 billion, at a CAGR of  5.69% during the forecast period. The building and construction sector's growing demand for coil coatings is projected to drive market expansion through the forecast period. Coil coatings are essential protective and decorative solutions applied to various surfaces in this industry. They enhance the aesthetic appeal, corrosion resistance, adhesion, and scratch resistance of substrates. Notably, the surge in residential and commercial construction projects, fueled by the trend towards green buildings, urbanization, and population migration, significantly boosts the demand for coil coating products.

Browse market data tables, figures, and in-depth TOC on “Coil Coatings Market” by Resin Type (Polyester, Plastisol, Siliconized polyester, Fluoropolymer, Others) End-user (Building and construction, Automotive, Appliance, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Resin Type, the Polyester segment is projected to dominate the market size in 2024

Coil coatings represent a sustainable and eco-friendly solution for painting steel and aluminum, making pre-painted metals an attractive choice for architects and builders pursuing Leadership in Energy and Environmental Design (LEED) certification. The versatility of coil-coated metals allows for easy fabrication into various shapes, ideal for walls, roofs, entryways, and garage doors. Their exceptional corrosion resistance adds durability and strength to exterior building components, particularly in applications for both indoor and outdoor architecture. Notably, building roofing and wall cladding have significantly increased their usage of pre-painted products. The acceptance and appreciation of pre-coated metals have led to their widespread adoption in large administrative and office buildings.

By End-user, Building and construction  segment is expected to hold the largest market size for the year 2024

In the coil coatings market, thermosetting polyesters, specifically linear varieties, are preferred due to their superior properties. With relatively low molecular weights, these resins require cross-linking to form effective films. Compared to thermosetting acrylics, polyesters exhibit superior metal adhesion and impact resistance. Engineered for waterborne, high solids, low-VOC, and powder coatings, polyester coatings hold significant market share in construction, automotive, and aerospace industries. Their excellent mechanical, impact, UV, and chemical resistance make them an ideal choice for coil coating applications, particularly when cured with melamine or blocked isocyanate.

APAC is forecasted to hold the largest market size by region in 2024

The construction sector's expansion in the Asia Pacific (APAC) region is driving significant demand for coil coatings, particularly in countries like India and China. Major players in the coil coatings market are capitalizing on the region's lucrative business opportunities by expanding their presence. Factors such as a burgeoning population, rising disposable income, and the flourishing construction and automotive industries are fueling market growth. Notably, the automotive industry's shift towards APAC, with companies like BMW establishing manufacturing bases in the region due to cost advantages, is further boosting demand for coil coatings.

The Coil Coatings Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Akzo Nobel NV
  • Allnex GMBH
  • Axalta Coating Systems Ltd.
  • BASF SE
  • Beckers Group
  • BlueScope Steel Ltd.
  • Bulk Chemicals Inc.
  • Cabot Corp.
  • Covestro AG
  • Englert Inc.
  • Euramax
  • Henkel AG and Co. KGaA
  • Kansai Paint Co. Ltd.
  • Material Sciences Corp.
  • Nippon Paint Holdings Co. Ltd.
  • Northern Coatings and Chemical Co.
  • PPG Industries Inc.
  • Salchi Metalcoat Srl
  • The Sherwin Williams Co.
  • Wacker Chemie AG
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

The Coil Coatings market encompasses a wide range of products, with Plastisol Coatings and Polyester Coatings being the most common types. Plastisol Coatings, made from PVC resins, are popular for their flexibility and durability, making them ideal for Export markets and consumers in various industries. On the other hand, Fluoropolymer Coatings, including those based on Polyvinylidene Fluorides (PVDF), offer superior resistance to weathering and chemicals, making them a top choice for Architectural Applications and Engineering Projects. Differentiation in the Coil Coatings market relies heavily on product quality and innovation. Silicone-modified polyester coatings, for instance, offer enhanced UV resistance and improved coating performance. Finished steel and pre-coated metal sheets are the primary substrates for Coil Coatings, used extensively in building construction, industrial development, and various applications such as windows, siding, roofing, doors, and ceiling grids. Energy-efficient structures are a growing trend, with Coil Coatings playing a crucial role in enhancing the thermal performance of these structures. Overall, the Coil Coatings market caters to diverse consumer needs, from Home builders to large Engineering Projects, ensuring a constant demand for high-quality, innovative products.

Market Research Overview

The coil coatings market is experiencing significant growth due to the increasing demand for high-performance coatings in various industries. According to Trading Economics, the market volume is projected to reach USD22.5 billion by 2026, providing critical information for experts in the field. Coil coatings offer differentiation through superior product quality, including corrosion resistance, flexibility, stain resistance, and hardness. Fluoropolymer coatings, such as those made from Polyvinylidene Fluorides (PVDF), are popular choices for their exceptional properties. Other types of coil coatings include Plastisol, Polyurethane, and Polyester. These coatings find extensive applications in downstream industries, including automotive, architectural, and engineering projects. In architectural applications, coil coatings are used on pre-coated metal sheets for building construction projects, renovation activities, and in the production of windows, siding, roofing, doors, and ceiling grids. Coil coatings are also used in industrial development, providing protection to finished steel and contributing to energy-efficient structures. Advancing technology and environmental influences are driving innovation in the coil coatings market. Chemicals & Materials Research is focusing on developing lightweight materials and eco-friendly coatings. Building codes and consumer preferences for aesthetics and durability further fuel demand. Home builders and consumers alike value the long-term benefits of coil coatings, making this market an exciting area for growth.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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