Coil Coating Market is valued at USD 4831.1 Million in 2022 and is expected to reach USD 6654.1 Million by 2028 with a CAGR of 4.68% over the forecast period.
Global Coil Coating Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Rising growth in construction industry, growing demand from automotive sector and increasing high efficiency packaging material demand are the major factors that expected to accelerate demand for the Global Coil Coating market.
The coil coating is a highly efficient way to create a uniform, high-quality, coated finish on a continuous automatic metal. Coil coating is also called pre-painted metal because the metal is painted before fabrication. Coil coating is a liquid paint system consisting of a topcoat, back coat, and primers. It is available in a wide range of colors and finishes that can be applied to steel/aluminum coils with the help of rolls. These can be cured in a minute's time and brought back to end-users for delivery. The coil coating is replacing the traditional methods of production with a value-added process. The old practice of painting unpainted bodies is being replaced by perforated sheet metal.
Covid-19 has also impacted the growth of the global coil coating market. The pandemic affected not only people's lives but also several industries. Due to transportation restrictions supply chain has been totally disturbed and its affected the raw material supply, production, and manufacturing activities of the coil coating industry. Moreover, the migration of people has created a labor shortage in manufacturing industries. While many production lines kept running after the pandemic, dealing with increased absence, doing health screenings to detect possible cases and contact tracing when a positive case was identified, and having a more lenient attitude towards vacation/sick time became necessary for many companies.
The global coil coatings market is segmented based on type, application, end user and geography. Based on type, the coil coating market is segmented into polyester coil coatings, fluoropolymer coil coatings, siliconized polyester coil coatings, polyvinylidene difluoride (PVDF), polyurethane (PU), plastisol coil coatings and others. Based on application, the coil coating market is segmented into aluminium and steel. Based on end-user, the coil coating market is segmented into building & construction, appliances, automotive and Others.
The regions covered in this Coil Coating market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market of Coil Coating is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
|2018 - 2021
|2022 - 2028
|Market Size in 2021:
|USD 4831.1 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 6654.1 Million
|Tables, Charts & Figures:
|Coil Coating Companies
|Akzo Nobel N.V., PPG Industries Inc., BASF SE, The Valspar Corporation, DuPont de Nemours, Inc, Henkel AG & Co. KGaA, Kansai Paint Co. Ltd., BDM Coil Coaters LLC, CENTRIA (Nucor Corporation), Dura Coat Products Inc., Goldin Metals Inc., Jupiter Aluminum Corporation, Metal Coaters System, Novelis Inc., ArcelorMittal S.A. and Arconic Corporation and other.
|By Type, By Application, By End -Use Industry
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
Some of the key players for coil coating market are Akzo Nobel N.V., PPG Industries Inc., BASF SE, The Valspar Corporation, DuPont de Nemours, Inc, Henkel AG & Co. KGaA, Kansai Paint Co. Ltd., BDM Coil Coaters LLC, CENTRIA (Nucor Corporation), Dura Coat Products Inc., Goldin Metals Inc., Jupiter Aluminum Corporation, Metal Coaters System, Novelis Inc., ArcelorMittal S.A. and Arconic Corporation and other.
On March 2nd, 2022; AkzoNobel launched the TRINAR TC (Tough Coat), a new PFOA-free PVDF coil coating system that combines exceptional 70% PVDF performance with improved durability and ease of use. TRINAR TC, the latest addition to AkzoNobel's coil coatings portfolio, provides enhanced scratch, abrasion and stain resistance in a variety of applications, including metal roofing, building and construction.
Sherwin-Williams Coil Coatings Launched Platform for Polyester Coatings
On December 10th, 2020; Sherwin-Williams' Coil Coatings division launched a new platform for their polyester technology PolyPREMIER. Many of its high-performance polyester coil coatings are now integrated under brand to make it easier for customers to specify coatings for a wide variety of applications.
In recent years, the construction industry has significantly grown which is supplementing the demand of coil coating. Coil-coated products are used in many industries. The largest market is for coil coated steel and aluminum construction and construction industry, where prepainted metal is used for roofs, facades, roof systems, gutters, and a variety of auxiliary components. Shutters coil coated metal is considered more durable and more corrosion-resistant than most post-painted metal. Coil-coated metal is used in various applications in constructions like the roof on commercial buildings, the insulated wall panels on a convention center, the raised panel entry doors on a home, the garage doors on a factory, or even the HVAC that controls the structures' climate. For example; according to the National Bureau of Statistics, construction output contributed to 25.9% of China's GDP in 2020, up from 6.2% in 2019. This rapid growth in construction activity contributed to the growth of the construction market. Outside the building Industry, coil coated metals are used in transportation and the home appliance industry, as well as furniture, and doors.
In addition, growing demand for home appliances is also supplementing the market growth. Coil coating is a continuous process in which a special coating is applied to a steel or aluminum coil before fabrication in the final product. Similarly, the demand for washing machines, refrigerators, dishwashers, and other are very high in recent years. Additionally, the growing influence of the western lifestyle coupled with continuous technological innovations in the field of home appliances is expected to support product penetration over the forecast period. For example; according to the data presented by the Japan Refrigerator and Air conditioning Industry Association in 2018, fridge sales volume in Japan reached 28,700 units. Moreover; the increasing urban population is one of the major factors augumenting the sales of home appliances and the need for the coil coating.
However, the increasing demand for lightweight materials in the automotive industry and storage and transportation complications of coil coating may hamper the growth of the Coil Coating market. In spite of that, the emergence of new technologies in this field may create more opportunities for the further growth of the market.
North America is expected to dominate the global coil coating market within the forecast period. The growing demand for coil coatings is mainly due to its widespread use as a coating material in end-user industries, such as construction, rapid industrial development, urbanization, increase in per capita income, and increase in consumer spending. For example; the US construction industry is the largest in the world with an annual cost of USD 1.231 billion. New construction projects are taking place across the country. About 75% of the North American coil coating industry is involved in the production of metal building products, mainly pre-painted metal panels for roofs and walls. In this industry, coatings manufacturers produce paints, which are processed by coil cutters, which then distribute the painted coils to metal building fabricators or service centers. For example; in North America alone, more than 800 million tons of coil-coated metal are produced and shipped annually.
The Asia Pacific is expected to show the fastest growth in the global coil coating market owing the growing demand for home appliances and increasing growth f construction and automotive sector in this region. The total volume of automobile industry sales in China reached 25 million units in 2019, around 21 million units out of which were passenger cars. In addition, rising disposable income, evolving consumer lifestyles, and a notable increase in the GDP are also supplementing the market growth.
We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination interested? please email us email@example.comJOIN US
BrandEssence® Market Research and Consulting Pvt ltd.
124, City Road, London EC1V 2NX
© Copyright 2024-25 BrandEssence® Market Research and Consulting Pvt ltd. All Rights Reserved | Designed by BrandEssence®