Coil Coatings Market

Global Coil Coatings Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Coil Coatings Market was worth US$ 5,947.0 Mn and is expected to grow at a CAGR of 5.7% over the forecast period. While the historical CAGR is 4.5%, the market is expected to hit US$ 10,352.6 Mn 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 applications for coil coatings and different formulations on the market. Along with better endurance, coil coatings also offer a smooth surface and improved aesthetics.

Market Dynamic

THE COIL COATINGS MARKET IS BEING DRIVEN BY THE OIL AND GAS INDUSTRY

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.

Before being used for diverse purposes, most of the steel goods needed by oil and gas plants worldwide first require coil coating paint. Another element likely to support growth is the increasing oil and gas production in new locations.

TRANSPORTATION AND STORAGE OF THE COATINGS ARE RESTRAINING THE INDUSTRY PROLIFERATION

One of the main things limiting the growth of the sector is the transportation and storage of coatings. Inadequate and unsafe transportation facilities could hamper the adoption of the product in emerging economies. The layers must also be kept using the right preservation oil to retain the finishing. To preserve their quality, coil coatings must be cautiously handled and adhere to specific guidelines.

Market 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)

Segment-Wise Analysis

Which is the most preferred Material Type in the Coil Coatings market?

In terms of material type, the polyester sector is projected to rule the global coil coat market in future years. Due to its many advantageous qualities, polyester coil paint is increasingly employed in buildings’ interiors and exteriors.

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.

Which End Use of Coil Coatings is anticipated to dominate the market during the projected period?

Building & Construction will probably dominate the worldwide coil coatings market in terms of end-use during the evaluation period. The industry is expected to grow as more residential and commercial construction projects are undertaken in developed and emerging nations.

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.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• 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 the Asia Pacific, excluding Japan (APEJ).
• It is anticipated that Germany’s established automotive industry will bode well for the market.

Competition Analysis

Leading companies in the worldwide coil coatings market are concentrating on taking advantage of the construction industry’s explosive growth, particularly in emerging markets. In the meantime, some of the other major coil coating paint producers are increasing their production capabilities and introducing new products to attract a wide customer base and solidify their market positions.

The key developments in the Global Coil Coatings Market are:

• In January 2022, AHR Expo attendees can check out Modine Coatings’ innovative GulfCoat technology, thanks to the company’s announcement. Modine Coatings is a top American producer of commercial and industrial HVAC coatings. At the occasion, the company will introduce GulfCoat Circuit Shield and GulfCoat AM anti-microbial solutions. GulfCoat AM uses the Agion compound’s silver ions to stop the growth of bacteria, mold, and fungi. Contrarily, GulfCoat Circuit Shield can safeguard circuit boards utilized in outdoor settings.
• In December 2021, Ternium USA, a Shreveport-based producer of premium steel products, announced that it would spend US$ 98 million to expand its facilities at the Port of Caddo-Bossier, Louisiana. It will increase the yearly production capacity to 120,000 st/year by adding a second line of coil coating paint. The new facility’s Construction is scheduled to start in the first quarter of 2022, and operations are anticipated to begin by the middle of 2024.

A list of some of the key suppliers present in the market 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.
• Eastman Chemical Company
• Noroo Coil Coatings
• ALCEA
• Dura Coat Products, Inc.
• Italcoat S.r.l.
• Huehoco GmbH
• Jotun Group
• Titan Coatings, Inc.
• Chemetall Group
• Recubrimientos Plasticos SA
• ARCEO Engineering
• Nipsea Group (Nippon Paint)

Global Coil Coatings Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies