Coil Coatings Market to Surpass a Valuation of US$ 10,352.6 Mn by 2032: ChemView Consulting

Coil Coatings Market Overview

According to a research survey conducted by ChemView Consulting, the current valuation of the Global Coil Coatings Market is worth US$ 5,947 Mn in 2022. The market value of stainless steel is expected to reach US$ 10,352.6 Mn by 2032, growing at a CAGR of 5.7% over the forecast period.

Sales are anticipated to be boosted by the construction industry’s quick development as a consequence of rising disposable income and increasing public infrastructure spending by the government. The market will continue to be driven by the rising usage of coil coating paint in pre-coated products or metals used in building wall cladding and roofing.

ChemView Consulting has analyzed that one major element anticipated to drive the market in the ensuing years is the rising need for oil and gas resources on a global scale. The market is expected to grow as alloys and metals, particularly steel, are increasingly used in structures like pipes, reactors, and pipelines for the oil and gas industry.

Greater quality of living and increased disposable income fuel desire for contemporary furniture, which is anticipated to increase demand for useful coil-coated metals. Global expansion is also anticipated to be fueled by the car sector. Automakers frequently employ colour coated coils because they provide metals with a consistent, premium finish at a reasonable price.

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Segments Covered in Report

By Material Type:

  • Polyester
  • Epoxy
  • PVC
  • Plastisols
  • Acrylic
  • Polyurethane
  • PVDF
  • Silicone

By Application:

  • Steel
  • Aluminum

By End-Use:

  • Building & Construction
  • Automotive
  • Appliance
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

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Key Takeaways from the Coil Coatings Market

  • The polyester sector is projected to rule the global coil coat market based on the material type. Polyester is excellent at resisting chemicals, has outstanding formability, and can survive extreme weather conditions. It can also have exceptional flow characteristics across various temperatures, making it useful in pre-engineered structures.
  • Based on the end-use, Building & Construction will probably dominate the worldwide coil coatings market in terms of end-use during the evaluation period. It is anticipated that adopting cleaner technologies for public infrastructure will increase demand for color-coated coils. Younger people are expected to have a strong need for single-family houses as the trend of westernization spreads throughout emerging economies, which is expected to accelerate market growth.
  • The market is expected to be driven by China’s abundant coil coating product producers and rising import and export activity. About 53.2% of the coil coatings market is anticipated to come from Asia Pacific, excluding Japan (APEJ).

Competition Summary

Key companies covered in the market study are Akzo Nobel N.V., The Chemours Company, Axalta Coating Systems, PPG Industries, Becker Group, The Valspar Corporation, Henkel AG & Co. KGaA, Kansai Paint Co. Ltd.

Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

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