Global Coil Coating Market, By Type (Polyester, Polyvinylidene Fluorides (PVDF), Polyurethane (PU), Plastisols, Others), Application (Steel, Aluminum), End User (Building and Construction, Appliances, Automotive, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Coil Coating Market
The coil coating market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to reach at an estimated value of USD 4.2 billion by 2029 and to grow at a CAGR of 5.4% in the above-mentioned forecast period.
Coil coatings are basically a liquid paint system that generally comprises back coat, topcoat and primers. They are available in a wide range of colors and finishes that can be applied to steel /aluminium coils with the help of rolls. These can be cured in a minute's time and recoiled for delivery to end users. This coating procedure generally includes cleaning of the substrate, drying, application of primer coating and top coating, and the foil lamination.
The factors such as high demand from downstream industries, rising penetration in aerospace applications and pharmaceutical packaging along with rising development in the automotive, construction and appliance industry are the root cause fueling up the market growth rate. The factors expected to cushion the growth of the coil coating market in the forecast period are the rise in the demand for functional coil coatings from electrical and electronic, construction, and automotive industries and so forth, rise in the increase in the disposable income of customers and the enhancement in the standard of living. Additionally, the strict government regulations, rising environmental compliance, growing competitiveness of leading coil coating manufacturers, high demand from downstream industries and high demand from industrial sectors owing to its high tensile strength, eco-friendly nature and good adhesion property along with product quality and differentiation will further carve the way for the growth of market. The growing production and adoption of coil coatings is expected to cushion the growth of the market within the above mentioned forecast period. On the other hand, the high energy and electricity consumption required for coil coating process and pricey coating technologies is expected to impede the growth of the coil coating market. The lack of proper and safe transportation facilities is also expected to hamper the overall growth of the market.
The constant innovation and developments along with growing demand for residential and commercial furniture which is estimated to generate numerous opportunities for the market. On the flip side, increasing demand for lightweight materials in automotive industry and STORAGE and transportation difficulty of coil coating pose as a major challenge to the growth of the coil coating market.
This coil coating market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on coil coating market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Coil Coating Market Scope and Market Size
The coil coating market is segmented on the basis of type, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the coil coating market is segmented into polyester, polyvinylidene fluorides (PVDF), polyurethane (PU), plastisols and others.
- On the basis of application, the coil coating market is segmented into steel and aluminum.
- Based on end user, the coil coating market is segmented into building and construction, appliances, automotive and others.
Coil Coating Market Country Level Analysis
The coil coating market is analyzed and market size, volume information is provided by type, application and end user as referenced above.
The countries covered in the coil coating market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the coil coating market owing to the proliferating automotive industry which is hiking the product demand along with presence of large number of major manufactures and considerable end user industry in the region. North America, on the other hand, will continue to however show lucrative growth within the forecast period owing to the increasing coil coatings demand in Mexico for various construction applications.
The country section of the coil coating market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Coil Coating Market Share Analysis
The coil coating market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to coil coating market.
Some of the major players operating in the coil coating market report are BASF SE, Titan Coatings, AkzoNobel N.V., Valspar, DuPont, Kansai Paint Co., Ltd., PPG Industries Inc., The Sherwin-Williams Company, Beckers Group, Dura Coat Products, Inc., unichem, Henkel AG & Co. KGaA., Dow, Bulk Chemicals, Nippon Paint Co. Ltd., Wacker Chemie AG, Axalta Coating Systems, MCIL, Solvosol, Toyo Ink. Co. Ltd., and ACE Coating India Pvt. Ltd., among others.