Coil Coatings Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

  • Single User License $3500

Coil Coatings Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : July, 2020 | Chemical & Materials | PPT format

Report Digest


Global Coil Coatings Market: Snapshot

The global coil coatings market has been displaying linear growth over the past couple of years, and going forward it is expected to be on the rise. Coil coatings display properties of hardness, stain resistance, corrosion resistance, and flexibility that make them suitable for a number of applications. The major end-use segments of coil coatings are building and construction, automotive, and appliance among others.

The burgeoning growth of the construction sector, mainly non-residential construction undertakings is significantly benefitting the coil coatings market. This includes commercial buildings, factories, and industrial sites as coil coatings offer weather and corrosion resistance to metals for longevity. Coil coatings are also used for adding to the aesthetics of metals used on walls, roofs, and shades.

Rapid industrialization and urbanization in emerging economies of Asia Pacific such as China, India, and Indonesia is positively impacting the coil coatings market. These countries are some of the fastest growing economies in the world that are undergoing rapid industrialization and urbanization. This, in turn, is influencing end-use industries such as appliances, automotive, and construction that drive demand for coil coatings.

On the other hand, European coil coatings industry has been adversely affected by the economic slump leading to the decline in construction and automotive industry. These industries are primary end users of coil coatings. However, the coil coatings market is benefitting from the increasing demand for appliances from overseas markets. For example, the Middle East is a key market for premium range appliances manufactured in Europe. The metal used in these products is coil coated to improve aesthetics.

Global Coil Coatings Market: Overview

Coil coatings are multi-layered composite coatings of resins, pigments, and primers used for coating and painting sheets of metals such as aluminum, steel, and tin in the continuous automated line process. To resist weather and corrosion, metal substrates (majorly steel and aluminum) are roll coated and then coated strips, sheets, and rolls are molded as required. The coated metals find heavy applications in automotive fabrication, construction, and appliances.

Unlike the conventional coatings, coil coatings provide striking topcoats to metal, durable surfaces, green benefits, innovative applications, and cost benefits. Owing to these factors, various end-user industries boost the demand for coil coatings.

Global Coil Coatings Market: Key Trends

Rapid urbanization and industrialization are the crucial factors that augment the demand for coil coatings. Coil coatings offer protection to equipment from UV radiation, pollution, grit, and variation in temperature, invariably boosting the market growth. In addition, due to its low volatile organic carbon content (VOC), several developed regions demand for coil coatings, thereby supplementing the growth of the market. Moreover, increasing non-residential construction spending worldwide is projected to drive the market.

On the contrary, expensive raw materials required for coil coatings and technology are likely to act as an obstacle for the market growth. Also, rising demand for metal substitutes such as polycarbonates that are highly engineered plastics will add to the market growth woes.

Global Coil Coatings Market: Market Potential 

In a recent development, the US Patent and Trademark Office has issued a notice of allowance to NEI Corporation on two patent applications – one for an adhesion promoting surface treatment and other for a highly durable hydrophobic coating. These patents will go a long way in enhancing the company’s standing in terms of patents pertaining to abrasion resistant, self-healing, and superhydrophobic coatings. With the grant of seven patents and the introduction of coating product assortments, NEI's intensive efforts to develop and implement practical, multi-functional protective coatings are now finally bearing fruit.

POSCO Coated & Color Steel Co. (C&C), which is involved in the manufacture and sale of coated steel sheets, will multiply its production facilities for color steel sheets. In February 2017, the company announced its decision to establish a Pohang color steel continuous coating facility with an estimated investment of 39 billion won (US$34.08 mn).

Global Coil Coatings Market: Regional Outlook

Geographically, the global coil coatings market is led by North America and this region promises to hold its dominant position over the forecast period. The key driver for this region’s growth is the upcoming non-residential construction industry post economic crises. In addition, the demand for automobiles and appliances including dishwashers, refrigerators, freezers, microwave ovens, and dryers in this region is excessively high. All of these require coil coatings, hence furthering the growth of the market.

The strong growth of regional end-user industries has led to the market growth in Asia Pacific. Moreover, industry giants such as The Valspar Corporation, AkzoNobel, and PPG Industries, Inc. have shifted their market development efforts towards Asia Pacific in order to meet growing product demand and maximize profits in the region.

Global Coil Coatings Market: Competitive Analysis

The Dow Chemical Company, The Valspar Corporation, BASF SE, Akzo Nobel N.V., and Nippon Paint Co. Ltd are some of the leading players operating in the global coil coatings market.

The global market for coil coatings is highly consolidated. The established participants are always on a look out to improve their reach and provide solutions to global customers through strong global distribution and sales channels.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.