Functional Coil Coatings Market

Global Functional Coil Coatings Market Analysis and Opportunity Assessment by Application, Product Type, Function Type, Material Type, End-Use, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 541.2 Mn between 2022 and 2032

Category: Chemicals & Materials


ID: CVC-00424


Format: PDF+Excel Dataset


Published Date: October 2022


Pages: 330

Functional Coil Coatings  Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Functional Coil Coatings Market grew at a CAGR of 4.8% between 2017-2021 and is estimated to be US$ 764.2 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.5% and is expected to reach a valuation of US$ 1,305.4 by 2032 end.

Production of specialist materials is increasing as a result of increased investments in transportation and construction facility expansion. These advancements will be driven by a focus on applying protective coatings that adhere to modern safety regulations.

Market Dynamic


The functional coating is a revolutionary coating that provides a mix of aesthetic and environmental benefits. With an increasing number of building codes that promote energy-efficient structures, home builders and consumers are gradually moving towards strategies that deliver long-term performance and energy savings. In addition to beauty, durability, functionality, and functionality, functional coil-coated metal can be used as a shield against the emission of heat due to sunlight or direct heating by electric lamps. For example, solar thermal collectors produce heat from the sun directly into molten salt thermal storage tanks.


The major factor hindering the growth of this market is the high cost of the processes involved in the production of functional coil coatings. The manufacturing process involves tools and equipment such as cleaning, heating, and coating. High maintenance costs for these machines increase the cost of the process and therefore, increases the cost of functional coil coatings. Therefore, owing to the high cost of pre-coated metal, consumers may prefer home appliances that require fiber or plastic for fabrication. Thus restraining market growth.


The furniture industry makes extensive use of functional coil-coated metal because of its greater corrosion resistance and design versatility. The need for contemporary furniture is driven by rising consumer disposable income and living standards, which is anticipated to drive demand for useful coil-coated metals.

COVID-19 Impact

COVID-19 is the most devastating pandemic to date, as it has had a significant impact on daily life including schools, business, and travel. Due to Covid 19 epidemic, automobile and component manufacturing plants are being shuttered around the world, and vehicle sales are dropping.

This is impacting functional coil coating market growth. And it is expected that the outbreak of COVID-19 will be seen in the whole year of 2020, and a few months in 2021.

Functional Coil Coatings Market

Market Segments Covered in Report

By Application:

  • Steel Coatings
  • Aluminum coatings

By Product Type:

  • Topcoat
  • Primer
  • Backing Coat
  • Others

By Function Type:

  • Anti-Graffiti Coating
  • Antimicrobial coating
  • Solar Reflective Coating
  • Self-Cleaning Coating
  • Self-Healing Coating
  • Anti Dust Coating
  • Nox Reducing Coating
  • Photovoltaic Coating
  • Polychromic Coating
  • Laminating Film
  • Fire Resistant Coating
  • Heat Saving Coating
  • Scratch Resistant Coating

By Material Type:

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

By End-Use:

  • Appliance
  • Construction
  • Transportation
  • Consumer Durable Goods
    • Refrigerator
    • Washing Machine & Dishwasher
    • Over & Toasters
    • Others
  • HVAC
  • Metal Furniture
  • 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

Why are Polyester segment projected to ensure the most revenue during the forecast period?

At 49.0% of the market, Polyester had the greatest revenue share. The polyester segment was the largest share of the functional coil coated market in 2021, due to its wide usage as a final topcoat in the functional coil coatings cycle, owing to its low cost and easy application methods. In addition, it offers excellent corrosion and weather resistance to the coated material in most conditions. Therefore, owning to these factors polyester segment dominated the functional coil-coated market.

Why are the Steel coating applications expected to expand the fastest during the forecast period?

In 2021, the Steel coating applications market will rule. The most common metal used worldwide is steel. Protective coil coatings are common and in high demand, likely increasing demand for functional coil coatings. These coatings shield the metal from abrasion, weathering, corrosion, and other deteriorating processes.

Which End-Use Segment is expected to hold the largest share of the market?

The Appliance segment held the largest share of the functional coil coating market. This is due to the increased expenditure power of consumers and improved living standards. Functional coil-coated metals are useful for enhancing the design and aesthetics of home appliances, which is driving the functional coil-coated market growth.

Region-Wise Analysis

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

  • Asia Pacific held the largest share in the Functional Coil Coatings market in 2021, up to 47.1%, owing to growth in construction projects and rising automotive production in countries such as India, Malaysia, and others. Due to their high-end aesthetics and long-lasting value, functional coil coatings are used in the building and construction industry, in ceiling grids, doors, roofing and siding, windows, and others.
  • Rapid propagation of awareness of the benefits of using functional coil coatings is likely to benefit the North American functional coil coatings market. In 2021, North America is predicted to remain one of the most attractive markets during the forecast period.

Competition Analysis

Leading players in the functional coil coatings market are focused on the improvement of the product portfolio, raising awareness about the benefits of advanced technology and increasing product awareness, enhancing customer value, and boosting sales.

Some of the key developments that have taken place in the Functional Coil Coatings  Market include:

  • In July 2021, Low-VOC graphene nanoplate dispersions were introduced by Applied Graphene Materials for use in paint and coating applications.
  • In August 2021, Ecor International SpA collaborated on research and development efforts for functional coatings as part of the Innovative Composite Materials from Additive Manufacturing project.

A list of some of the key suppliers present in the market are:

  • Akzo Nobel N.V.
  • JK Coil Coating Pvt Ltd
  • Jotun Group
  • Dura Coat Products, Inc.
  • Noroo Coil Coatings
  • Titan Coatings Inc.
  • Eastman Chemical Company
  • Modine Manufacturing Inc.
  • Chemetall Group
  • Recubrimientos Plasticos SA
  • Italcoat Srl.
  • Lord Corporation
  • Sherwin-Williams
  • PPG Industries
  • Axalta Coating Systems
  • The Chemours Company
  • NANO-X GmbH
  • Blygold International BV
  • HB Fuller

Report Coverage and Highlights

  • 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.
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Application, Product Type, Function Type, Material Type, End-Use, and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request

Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.5%.

The use of functional coil coatings in metals used in durable consumer goods is growing, and the pandemic-related high growth potential for anti-microbial coil coatings is a key factor in the industry’s expansion.

Major global Functional Coil Coatings  Market players are Akzo Nobel N.V., JK Coil Coating Pvt Ltd, Jotun Group, Dura Coat Products, Inc., Noroo Coil Coatings, Titan Coatings Inc., Eastman Chemical Company, Modine Manufacturing Inc., Chemetall Group, ALCEA, Recubrimientos Plasticos SA, Italcoat Srl., Lord Corporation, Sherwin-Williams, PPG Industries, Axalta Coating Systems, The Chemours Company, NANO-X GmbH, OZKEM PTY LTD, Blygold International BV, HB Fuller.

The production and use of solvent-based coatings are subject to strict government regulations, which will probably impede market expansion for functional coil coatings. The functional coil coatings market’s overall growth rate during the forecast period may be slowed down by the adherence to the rules that are followed.

The Asia Pacific region is expected to account for the largest market revenue share in the Global Functional Coil Coatings market.

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