Coil Coatings Market Global Share, Trend Analysis and Forecast

Coil Coatings Market Report, By Resin Type (Polyester, Fluoropolymers, Siliconized Polyster and Plastisol), Metal (Steel, Copper, Aluminium and Galfan), Application and Geography - Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : cm2095 | Publish Date : Upcoming | Industry : Chemicals_Materials | Geography : Global


  • Report Description
  • Summary

Coil coating is a continuous and highly automated process for coating metal before fabrication. In one continuous process, a coil of metal, is unwound and both the top and bottom sides are cleaned, chemically treated, primed, oven cured, top coated, oven cured again, rewound and packaged for shipment. This coating process provides beautiful topcoats, durable surfaces, innovative applications, green benefits, and cost savings as compared to other substrates and other coating options. Moreover. The coil coatings delivers the widest range of products and services globally. Coil coatings are formulated for use on metal roofing, metal building panels, column covers, garage and entry doors, rainware, gutters, siding, HVAC components, lighting fixtures, appliances and more. All of these applications require special properties to handle harsh exterior and interior extremes, such as flexibility, colorfastness and the ability to perform in a wide range of industrial, commercial and residential applications. Owing to the wide range of properties and growing demand from downstream industries, the coil coating market is expected to propel in near future. 

Coil Coatings Market Outlook

Growing competitiveness of foremost coil coating manufacturers, advancement in technology, high development in the construction, automotive, & appliance industry are some of the factors driving the coil coatings market. Furthermore, strict government regulations and mounting environmental compliance is also the major factor driving the coil coatings market. However, factor such as high energy and electricity consumption required for coil coating process is hampering the coil coatings market globally.


Coil Coatings Market Segmental Overview

The coil coatings is segmented by resin type, metal, application and geography. 

Coil Coatings Market by Resin Type 

Based on resin type, the coil coatings market is segmented into polyester, fluoropolymers, siliconized polyster, plastisol and others. Polyester is the most broadly used products in the industry, as it offers exceptional corrosion and weather resistance to the coated material in furthermost conditions. It is used for both internal and exterior products. 

Coil Coatings Market by Metal 

The metals studied in the report are steel, copper, aluminium, galfan and others. The steel segment accounted for the largest market share in 2018, owing to the significant increase in the demand in building and construction, appliance, automotive, and other end user industries. 

Coil Coatings Market by Application 

By application, the coil coatings market is segmented into automotive, appliance, construction & building, HVAC, furniture, packaging, transport and others. The automotive segment is further divided into fuel tanks, under-hood and body panels. The appliance segment is further sub segmented into refrigeration, stoves, dishwasher, washer or dryer and ovens. Furthermore, the construction & building segment is classified into wall cladding, roofing, wall panels, ceiling and flooring panels. Moreover, the HVAC segment is further categorized into A/C, water heaters and furnaces. The furniture segment is sub segmented into metal furniture, file cabinets and partitions. Likewise, the transport segment is classified into van & trailer bodies, insulated boxes and road & railway coaches. 

Coil Coatings Market by Geography 

Based on geography, the market is segmented into Asia-Pacific, North America, Western Europe, Central & Eastern Europe, Middle East & Africa and South America. Asia Pacific emerged as the largest consumer and dominated the coil coatings market in 2018, owing to huge demand for coil coatings from countries such as Japan, China, India and increasing consumption for coil coatings in various end use industries is benefitting the overall regional market.

Coil Coatings Market Key Players

The global coil coatings market is led by key companies such as PPG Industries, Akzonobel, Axalta, Nippon, Sherwin Williams, The Valspar corporation, Henkel AG & Co. KGAA, BASF SE, Becker Group, ALTANA AG, Dura Coat Products, Inc., Wacker Chemie AG, E. I. Du Pont De Nemours and Company and Kansai Paint Company Limited. Foremost companies have invested huge capital in mergers & acquisitions and research & development activities to develop advanced products in the market. 

Coil Coatings Market Developments

  • November 2017: Axalta Coating Systems, a leading global supplier of liquid and powder coatings, completed its previously announced acquisition of the Valspar Corporation’s North American Industrial Wood Coatings business. Valspar divested the business in connection with the antitrust approval of its acquisition by The Sherwin-Williams Company.
  • June 2017: The Sherwin-Williams Company announced acquisition of The Valspar Corporation. Under the terms of the merger agreement, Valspar shareholders will receive USD 113 per share in cash. In connection with completion of the transaction, Valspar common stock ceased trading prior to market opening today and will be delisted from the New York Stock Exchange.

The coil coatings is segmented by resin type, metal, application and geography. Based on resin type, the coil coatings market is segmented into polyester, fluoropolymers, siliconized polyster, plastisol and others. Polyester is the most broadly used products in the industry, as it offers exceptional corrosion and weather resistance to the coated material in furthermost conditions. It is used for both internal and exterior products. The metals studied in the report are steel, copper, aluminium, galfan and others. The steel segment accounted for the largest market share in 2018, owing to the significant increase in the demand in building and construction, appliance, automotive, and other end user industries. Based on application, the coil coatings market is segmented into automotive, appliance, construction & building, HVAC, furniture, packaging, transport and others. The automotive segment is further divided into fuel tanks, under-hood and body panels. The appliance segment is further sub segmented into refrigeration, stoves, dishwasher, washer or dryer and ovens. Furthermore, the construction & building segment is classified into wall cladding, roofing, wall panels, ceiling and flooring panels. Moreover, the HVAC segment is further categorized into A/C, water heaters and furnaces. The furniture segment is sub segmented into metal furniture, file cabinets and partitions. Likewise, the transport segment is classified into van & trailer bodies, insulated boxes and road & railway coaches Geographically, the market is segmented into Asia-Pacific, North America, Western Europe, Central & Eastern Europe, Middle East & Africa and South America. Asia Pacific emerged as the largest consumer and dominated the coil coatings market in 2018, owing to huge demand for coil coatings from countries such as Japan, China, India and increasing consumption for coil coatings in leather coatings and architectural coatings is benefitting the overall regional market. 

Why to buy this report:

  • The report offers changing market dynamics in the coil coatings market, presenting historical, current and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of coil coatings
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the coil coatings market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of coil coatings market