Technical Coil Coatings Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Technical Coil Coatings Market grew at a CAGR of 4.3% between 2017-2021 and is estimated to be US$ 4,078.6Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.8% and is expected to reach a valuation of US$ 7,167.5Mn by 2032 end.
An organic coating substance called coil coating is used to cover a rolled metal strip. In other words, coil coatings continuously and automatically protect the metals. There are many different applications for coil coatings and many different formulations on the market. Along with increased durability, coil coatings also offer a smooth finish and improved aesthetics.
The primary factor driving the coil coatings market growth rate is an increase in end-use industries. Growing building activity and infrastructure developments, particularly in developing nations, will open up more attractive growth potential for the coil coatings industry.
ChemView Consulting has analyzed that the construction and building sector’s increasing use of coil coating has greatly fueled the growth of the global market for technical coil coatings. The coil coatings’ infrared technology helps to lower the building’s interior temperature, which reduces energy use. Furthermore, coil-coated metals are widely used in furniture due to their low cost and aesthetic advantages. This has significantly fueled the market for technical coil coatings.
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The topcoats segment will account for the largest market share for technical coil coatings shortly in terms of product type. The feature is expected to be driven by the growing use of vehicle topcoats to protect the body from UV resistance, environment, corrosion, scratches, and chemicals.
Segments Covered in Report
By Material Type:
- Polyester
- Epoxy
- PVC/Vinyl
- Plastisols
- Acrylic
- Polyurethane
- PVDF
- Silicone
By Technology:
- Topcoats
- Primers
- Backing Coats
- Others
By End-Use:
- Transportation
- Consumer Durable Goods
- HVAC
- Metal Furniture
- Others
By Application:
- Steel Coating
- Aluminum Coating
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)
Key Takeaways from the Technical Coil Coatings Market
- Based on the technology, the topcoats segment will account for the largest market share for technical coil coatings shortly in terms of product type. The feature is expected to be driven by the growing use of vehicle topcoats to protect the body from UV resistance, environment, corrosion, scratches, and chemicals.
- Based on the application, the technical coil coatings market is expected to dominate the steel coating application during the assessment period. Steel that has been coil-coated helping industrial and commercial structures withstand corrosion. Without it, exposed steelwork is susceptible to rapid deterioration.
- Based on the material type, the polyester segment is anticipated to continue leading the technical coil coatings market in terms of material type. Polyester is used in pre-engineered buildings because it has excellent flow properties throughout a wide temperature range.
- Based on the region, with a 42.6% market share, Asia Pacific dominates the world’s technical coil coatings market. The booming construction and automotive industries are to blame for the expansion in this area.
Competition Summary
Key companies covered in the market study are Axalta Coating Systems, Akzo Nobel N.V, PPG Industries, The Valspar Corporation, The Chemours Company, Henkel AG & Co. KGaA, Kansai Paint Co. Ltd., Eastman Chemical Company, NOROO Coil Coatings Co., Ltd, Becker Group, ALCEA, Dura Coat Products, Inc., Italcoat S.r.l., Huhoco GmbH, Unichem, Kömmerling Chemische Fabrik GmbH
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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 impact 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 collaborated 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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