Coil Coatings Market - By Product (Polyester, Silicone Modified Polyester, Polyvinylidene Fluorides, Polyurethane, Plastisols), By End-user (Construction, Automotive, Appliances) & Forecast, 2024-2032
Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Chemical | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCoil Coatings Market - By Product (Polyester, Silicone Modified Polyester, Polyvinylidene Fluorides, Polyurethane, Plastisols), By End-user (Construction, Automotive, Appliances) & Forecast, 2024-2032
Coil Coatings Market Size
Coil Coatings Market reached over USD 4.8 billion in 2023 and is anticipated to register 4.3% CAGR between 2024 and 2032 driven by the increasing demand from end-use industries, such as construction, automotive, and appliances.
To get key market trends
The need for durable, attractive, and corrosion resistant materials for roofing, siding and cladding applications is increasing in the construction industry. With the significant growth of the automotive sector, car manufacturers are demanding advanced coatings that ensure the durability of vehicles while protecting them from harsh environmental conditions.
Hey there! Coating technology is making some serious waves. Scientists are cooking up new formulas and ways to apply these coatings, and it's all going to drive the market to new heights. You know those fancy, high-tech materials like polyester, fluoropolymers, and plastisol coatings? They're giving us coatings that can handle whatever life throws at them, from crazy weather to the sun's harmful rays. That's why people are loving them for all kinds of stuff. But hold up, there's more! Governments have been cracking down on pollution, so companies are getting creative with their coatings. They're making them more eco-friendly and with less harmful fumes. For instance, AkzoNobel has been rocking some serious white papers on how to make those coatings super sustainable. In short, coating technology is on fire! It's making our stuff last longer, protecting us from the elements, and not doing a number on our planet. That's a win-win-win if you ask me!
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Coil Coatings Market Size in 2023 | USD 4.82 Billion |
| Forecast Period | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR | 4.3% |
| 2024 – 2032 Value Projection | USD 7.22 Billion |
| Historical Data for | 2021 – 2023 |
| No. of Pages | 260 |
| Tables, Charts & Figures | 175 |
| Segments covered | Product Type, End-User |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
On the other side, the high cost of raw materials, such as resins and pigments, can lead to increased production costs, which may deter manufacturers and end-users from adopting coil coatings. Stringent environmental regulations on VOC emissions and the use of hazardous chemicals are likely to pose challenges for manufacturers in terms of compliance and the need for continuous production in drug development. Shortage of skilled labor and technological advancements in some industries may also affect the quality and stability of coil coatings, restraining the market growth to some extent.
Coil Coatings Market Trends
Hey there! The market for fancy coatings on stuff like cars, buildings, and even your refrigerator is about to take off like a rocket. Why? Because people are getting more into green stuff and smart stuff. Companies are making coatings that are better for the environment, like ones that don't put out harmful fumes. For example, there's this cool company called Hitachi that just came out with a new gizmo that helps analyze these smart coatings. Also, makers of these coatings are figuring out how to make them work with water instead of all those stinky chemicals. This is because governments are saying "no more" to pollution and people want products that don't hurt the planet. And here's the kickerpeople are loving coatings that can clean themselves, kill germs, and even help save energy. This is especially big in construction and making machines. Oh, and get thisthey're even using tiny nanotech stuff in these coatings to make them last longer, look better, and not rust. How cool is that?
Coil Coatings Market Analysis
Learn more about the key segments shaping this market
Polyester is a star in the market! Its perfect mix of performance, affordability, and versatility means it's set to rake in over $3.7 billion by 2032. Polyester's magic lies in its coatings. They're like a super shield, keeping things safe from the harsh sun, bad weather, and even rust. That's why they're so popular for building materials, cars, and even your appliances at home. But here's the best partpolyester coatings are a breeze to put on and they dry quickly, which means less time and money for manufacturers. Plus, you can color and finish them to match your style, making them perfect for everything from sleek accents to bright statement pieces.
Learn more about the key segments shaping this market
Picture thisIt's 2023, and the construction industry is on a roll, demanding durable, beautiful, and energy-saving building materials. In response, the coil coating market for construction is booming, raking in a cool $3.5 billion. And get thisit's only going to grow, with a steady 4.2% increase expected from 2024 to 2032. Why the surge? Well, as countries around the world race to build and grow, they need top-notch building materials. Coil coatings fit the bill perfectly, coming in a rainbow of colors and finishes that let architects create stunning designs while keeping buildings sturdy. Not only that, these coatings are energy rockstars, contributing to better thermal insulation and helping buildings stay cool in the summer and warm in the winter. Win-win! So, as the world embraces green buildings and energy efficiency, the demand for advanced coil coatings is only going to climb.
Looking for region specific data?
Asia Pacific coil coatings industry size will record more than USD 2.5 billion by the end of 2032 attributed to rapid industrialization and urbanization, particularly in countries like China, India, and Southeast Asian nations. The expansion of the automotive sector in Asia-Pacific is majorly driven by both domestic consumption and export demand. Government policies and investments in infrastructure projects, such as smart cities projects and major public works are driving the demand for sustainable high-performance coil coatings. Increased focus on sustainable construction practices and the adoption of energy efficient building materials are stimulating the regional market growth.
Coil Coatings Market Share
Leading coil coatings firms are investing in R&D activities to innovate and improve product formulations besides focusing on eco-friendly and sustainable coatings to comply with environmental regulations. Strategic partnerships and collaborations with end-use industries, such as construction and automotive are helping them expand their market reach. These companies are also increasing their productivity and geographic footprint through mergers, acquisitions, and new manufacturing facilities in emerging markets.
Coil Coatings Market Companies
Major players operating in the coil coatings industry include
- Axalta Coating Systems
- Bulk Chemicals Incorporated (BCI)
- Beckers Group
- Henkel AG & Co. KGaA
- Kansai Nerolac Paints Limited
- Nippon Paint Holdings Co., Ltd
- PPG Industries Inc.
Coil Coatings Industry News
- In December 2023, DuPont announced new offerings including printed Tedlar PVF solutions and coatings at Taipei Building Show with Coryor and Nippon Paint Taiwan.
- In June 2022, APL Apollo introduced Apollo Navrang, featuring color coated coils and sheets for PEB Purlin, showcasing the company as a top steel tube manufacturer.
The coil coatings market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2024 to 2032, for the following segments
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By Product
- Polyester
- Silicone Modified Polyester
- Polyvinylidine Fluorides (PVDF)
- Polyurethane (PU)
- Plastisols
- Others (including epoxides and acrylics)
By End-user
- Construction
- Automotive
- Appliances
- Others (including packaging, furniture and HVAC)
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- Malaysia
- Indonesia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 3600 synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Key manufacturers
3.1.2 Distributors
3.1.3 Profit margins across the industry
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.2 Market challenges
3.2.3 Market opportunity
3.2.3.1 New opportunities
3.2.3.2 Growth potential analysis
3.3 Raw material landscape
3.3.1 Manufacturing trends
3.3.2 Technology evolution
3.3.2.1 Sustainable manufacturing
3.3.2.1.1 Green practices
3.3.2.1.2 Decarbonization
3.3.3 Sustainability in raw materials
3.3.4 Pricing trends (USD/Ton)
3.3.4.1 North America
3.3.4.2 Europe
3.3.4.3 Asia Pacific
3.3.4.4 Latin America
3.3.4.5 Middle East & Africa
3.4 Regulations & market impact
3.5 Porter’s analysis
3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Product Type, 2021-2032 (USD Million, Kilo Tons)
5.1 Key trends
5.2 Polyester
5.3 Silicone modified polyester
5.4 Polyvinylidene fluorides (PVDF)
5.5 Polyurethane (PU)
5.6 Plastisols
5.7 Others (including epoxides and acrylics)
Chapter 6 Market Size and Forecast, By End Users, 2021-2032 (USD Million, Kilo Tons)
6.1 Key trends
6.2 Construction
6.3 Automotive
6.4 Appliances
6.5 Others (including packaging, furniture and HVAC)
Chapter 7 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)
7.1 Key trends
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 France
7.3.4 Italy
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 India
7.4.3 Japan
7.4.4 South Korea
7.4.5 Australia
7.4.6 Rest of Asia Pacific
7.5 Latin America
7.5.1 Brazil
7.5.2 Mexico
7.5.3 Argentina
7.5.4 Rest of Latin America
7.6 MEA
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 South Africa
7.6.4 Rest of MEA
Chapter 8 Company Profiles
8.1 Akzo Nobel N.V.
8.2 Sherwin-William
8.3 PPG Industries
8.4 Beckers Group
8.5 Axalta Coating System LLC
8.6 Henkel AG & Co. KGaA
8.7 Kansai Nerolac Paint Co. Ltd
8.8 Bulk Chemicals Incorporated
8.9 Nippon Paints Co. Ltd.
8.10 HUEHOCO Group
8.11 Wacker Chemie AG
8.12 Metal Coatings (INDIA) LIMITED (MCIL)
8.13 Solyosol Paints Pvt. Ltd.
8.14 Toyo Inc.
8.15 ACE Coating
- Axalta Coating Systems
- Bulk Chemicals Incorporated (BCI)
- Beckers Group
- Henkel AG & Co. KGaA
- Kansai Nerolac Paints Limited
- Nippon Paint Holdings Co., Ltd
- PPG Industries Inc.
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