Coil Coatings Market Analysis, Top Companies, Investment Trend, Growth Rate & Forecast by 2024

The latest report by IMARC Group, titled “Coil Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global coil coating market size reached US$ 5.8 Billion in 2018. Coil coating refers to an automated method of coating metal coils, such as steel and aluminum, before fabricating them into end products. They offer several benefits, including improved aesthetics, cost efficiency, high paint adherence, longer shelf life and superior water, chemical, thermal, weathering and strain resistance. On account of these advantages, coil coatings find extensive applications across sectors ranging from automation and construction to oil and gas and electronics.

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Global Coil Coatings Market Trends:

Coil coatings offer several benefits, such as superior longevity, aesthetics, and flexibility. Owing to this, they are employed in ceiling grinds, wall panels, metal roofing and siding, doors, storage units, and windows. Besides this, they are increasingly being used for metals that are utilized in transformers, inductors, armatures and other household appliances, which has increased their demand across the electrical and electronics industries. Other than this, coil coatings are used as a part of rainwater collection facilities for making downspouts and gutters. Apart from this, due to rising environmental concerns, several organizations are taking initiatives for promoting and creating awareness about the sustainability of coil coatings. For instance, the European Coil Coating Association (ECCA), an international non-profit organization, is promoting the use of coil or sheet coatings as ecologically sound, cost-effective and high-quality methods of finishing. Furthermore, various technological innovations, such as the introduction of enhanced infrared-reflective pigment technology in coil coatings, have helped in energy conservation, providing durability and improving the functionality of the process. Looking forward, the market value is projected to reach US$ 8.3 Billion by 2024, expanding at a CAGR of 6% during 2019-2024.

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Insights on Market Segmentation:

Market Breakup by Type:

1. Polyester Coil Coatings

2. Fluoropolymer Coil Coatings

3. Siliconized Polyester Coil Coatings

4. Polyvinylidene Difluoride (PVDF)

5. Polyurethane (PU)

6. Plastisol Coil Coatings

7. Others

Based on the type, the market has been segmented as polyester, fluoropolymer, siliconized polyester, polyvinylidene difluoride (PVDF), polyurethane (PU), plastisol and other coil coatings.

Market Breakup by Application:

1. Aluminium

2. Steel

On the basis of the application, the market has been segregated into aluminum and steel.

Market Breakup by End-Use Industry:

1. Building & Construction

2. Appliances

3. Automotive

4. Others

The market has been bifurcated on the basis of the end use industry into building and construction, appliances, automotive, and others.

Market Breakup by Region:

1. Asia Pacific

2. Europe

3. North America

4. Middle East and Africa

5. Latin America

Region-wise, the market has been categorized into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America.

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players being Akzo Nobel N.V, PPG Industries, Inc., BASF SE, The Valspar Corporation, E. I. du Pont de Nemours and Company, Henkel AG & Company, KGaA, Kansai Paint Co., Ltd., BDM Coil Coaters, LLC, CENTRIA Coating Services, Dura Coat Products, Inc., Goldin Metals, Inc., Jupiter Aluminum Corporation, Metal Coaters System, Novelis Inc., ArcelorMittal S.A. and Arconic Inc.

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