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Coil Coatings Market Size (2024 - 2029)

The Coil Coatings Market is projected to experience growth over the forecast period, driven by increasing demand from the building and construction industry, environmental influences, and advancing technology. Despite the challenges posed by the COVID-19 pandemic, which temporarily slowed market expansion, the sector has shown recovery. The market's expansion is somewhat constrained by the automotive industry's shift towards lightweight materials, although opportunities exist in the growing demand for fluoropolymer coatings in architectural applications. The Asia-Pacific region leads in market consumption, attributed to its significant production and export of pre-coated metal sheets, supported by extensive finished steel production and manufacturing activities.

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Market Size of Coil Coatings Industry

Coil Coatings Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.51 Billion
Market Size (2029) USD 1.86 Billion
CAGR (2024 - 2029) 4.32 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Coil Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order

Coil Coatings Market Analysis

The Coil Coatings Market size is estimated at USD 1.51 billion in 2024, and is expected to reach USD 1.86 billion by 2029, growing at a CAGR of 4.32% during the forecast period (2024-2029).

The COVID-19 pandemic negatively impacted the market. The pandemic jeopardized building construction and engineering projects worldwide in numerous ways, and many projects were closed or halted, decelerating the growth of the coil coatings market during the pandemic crisis. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.

  • Over the short term, rising demand from the building and construction industry and growing environmental influences, and advancing technology are the major factors driving the market studied.
  • Conversely, increasing demand for lightweight materials in the automobile industry is expected to hinder the studied market's growth.
  • However, increasing demand for fluoropolymer coatings for architectural applications will likely act as an opportunity.
  • Asia-Pacific dominated the market in terms of consumption due to the rise in the production and export of pre-coated metal sheets in the region due to the high production of finished steel and the high manufacturing of end-user products.

Coil Coatings Industry Segmentation

Coil coatings are used for aluminum and steel coils or sheets and applied on automated lines. The coated metal coil or sheet is subsequently supplied to equipment manufacturers to be formed into a range of ready-painted parts. The coil coatings market is segmented based on resin type, end-user industry, and geography. The market is segmented by resin type into polyester, polyvinylidene fluorides (PVDF), polyurethane (PU), plastisols, and other resin types. The market is segmented into building and construction, industrial and domestic appliances, transportation, furniture, and other end-user industries by end-user industry. The report offers market size and forecasts for 15 countries across major regions. For each segment, market sizing and forecasts are based on revenue (USD) for all the above segments.

Resin Type
Polyester
Polyvinylidene Fluorides (PVDF)
Polyurethane(PU)
Plastisols
Other Resin Types
End-user Industry
Building and Construction
Industrial and Domestic Appliances
Transportation
Furniture
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Coil Coatings Market Size Summary

The coil coatings market is poised for steady growth, driven primarily by the burgeoning demand from the building and construction sector. This industry is the largest consumer of coil coatings, utilizing them extensively in various applications such as roofing, steel doors, and aluminum panels. The shift towards energy-efficient building practices, spurred by stringent building codes, is further propelling the market. Coil coatings offer benefits like infrared reflective pigment technology, which enhances energy efficiency by reducing indoor temperatures. This trend is particularly evident in ongoing large-scale construction projects across regions, including North America and Western Europe, where investments in commercial and residential buildings are on the rise. Despite challenges posed by the COVID-19 pandemic, the market has shown resilience and is expected to continue its upward trajectory.

The Asia-Pacific region dominates the global coil coatings market, with China at the forefront due to its rapid industrial and construction developments. The region's market growth is supported by increasing building construction and renovation activities, alongside a robust automotive sector driving demand for lightweight materials. The fragmented nature of the market sees major players like Akzo Nobel N.V., Beckers Group, and PPG Industries, Inc. actively participating in strategic acquisitions and collaborations to enhance their market presence. These dynamics, coupled with the rising demand for fluoropolymer coatings in architectural applications, present significant opportunities for market expansion during the forecast period.

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Coil Coatings Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand from the Building and Construction Industry

      2. 1.1.2 Growing Environmental Influences and Advancing Technology

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Increasing Demand for Lightweight Materials in Automotive Industry

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Resin Type

      1. 2.1.1 Polyester

      2. 2.1.2 Polyvinylidene Fluorides (PVDF)

      3. 2.1.3 Polyurethane(PU)

      4. 2.1.4 Plastisols

      5. 2.1.5 Other Resin Types

    2. 2.2 End-user Industry

      1. 2.2.1 Building and Construction

      2. 2.2.2 Industrial and Domestic Appliances

      3. 2.2.3 Transportation

      4. 2.2.4 Furniture

      5. 2.2.5 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East & Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East & Africa

Coil Coatings Market Size FAQs

The Coil Coatings Market size is expected to reach USD 1.51 billion in 2024 and grow at a CAGR of 4.32% to reach USD 1.86 billion by 2029.

In 2024, the Coil Coatings Market size is expected to reach USD 1.51 billion.

Coil Coatings Market Report Snapshots

Coil Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)