Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the coil coatings market provides in-depth analysis of
segments and sub-segments in the global as well as regional coil coatings
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional coil coatings market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global coil coatings market. According to the
report, the global coil coatings market is projected to grow at a CAGR of about
4.7% over the forecast period of 2022-2028.
The revenue
generated by the market was over 4.6 billion in 2022 and is expected to reach
more than USD 6 billion in 2028 and is expected to grow with a CAGR of about
4.7% over the forecast period 2022-2028. Coil coating is the application of
liquid paint for efficiently coating coils of metal. Coil coatings are durable,
flexible, thermally reflective, antibacterial, and self-cleaning. It produces a
uniform, high quality, coated finish over metal in a continuous automated
fashion. There are various types of coil coatings such as polyurethane
coatings, polyester coatings, polyvinylidene fluoride coatings, plastisol
coatings, and silicone-modified polyester coatings. Due to a range of
advantages, such as cost savings, versatility, environmental, performance, and
quality, coil coating technology has grown more rapidly than more traditional
application technologies.
Coil coatings offer various benefits
including quality, consistency of color, corrosion resistance, and many others.
Owing to its benefits, coil coatings are majorly used in construction,
electronics, HVAC, and electrical and automotive. The growing inclination
towards coil coating due to increasing demand from end-user industry is
escalating the demand in the coil coatings market. Rising demand for coil coatings
owing to the development in the coil coating process for pre-painted metals is
promoting the growth of this market. Nowadays, pre-painted metals are the top
choice for manufacturers and builders, owing to their excellent resistance to
weathering, superior longevity, infinite aesthetic color and texture options,
and positive environmental benefits. The growing competitiveness of leading coil
coating manufacturers and expanding demand for aluminum and steel in the
automotive and transportation industry are supporting factors fueling the
growth of the coil coatings market. However, expensive coating technologies and
high raw material prices are some factors hampering the growth of the market.
Going further, the growing commercial construction activities in emerging
countries is expected to augment the growth of the coil coatings market. Coil
coatings are widely demanded by metals used on roofs and walls in construction
and buildings, especially to enhance the aesthetics of the structures.
The global coil coatings market is
segmented into North America, Asia Pacific, Europe, and RoW region. Asia
Pacific is accounted to be the largest region and is expected to grow with the
highest CAGR during the forecast period. The growing construction industry and
the expanding infrastructural development in India and China and the growing
use of coil coating by the automotive industry in China, India, and Japan are
some factors responsible for the growth of the coil coatings market in the Asia
Pacific region. Furthermore, the presence of multiple market players in
Asia-pacific has led to large-scale penetration of the market in the region. North
America is also expected to be the major user of coil coatings as hundreds of
millions of tons of coils are coated each year in North America. In Europe, the
coil coatings market is expected to grow at a significant pace due to the
significant growth in the construction area.
The report on the global coil coatings
market covers segments such as resin type, metal, and end-user. On the basis of
resin type, the sub-markets include acrylic, epoxy, polyvinylidene fluorides (PVDF),
plastisols, polyester, vinyl, polyurethane (PU), and others. On the basis of
metal, the sub-markets include aluminum, brass, copper, steel, and others. On
the basis of end-user, the sub-markets include HVAC, building &
construction, furniture, industrial and domestic appliances, automotive, and
others.
The report provides profiles of
the companies in the market such as AkzoNobel N.V., E. I. Du Pont De Nemours
and Company, Kansai Paint Company Limited, Beckers Group , The Valspar
Corporation, BASF SE , Henkel AG & Company , PPG Industries
Inc. , The Sherwin-Williams Company , and Wacker Chemie AG .
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the coil coatings market. Moreover, the study highlights current market
trends and provides forecast from 2022-2028. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.
Please Choose One of them.