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Coil Coatings Market - By Product (Polyester, Silicone Modified Polyester, Polyvinylidene Fluorides, Polyurethane, Plastisols), By End-user (Construction, Automotive, Appliances), By Region, Competitive Landscape, Pricing Analysis - Global Forecast to 2032

  • Report ID: GMI839
  • Published Date: Mar 2023
  • Report Format: PDF

Industry Statistics

Coil Coatings Market size was valued at over USD 4.5 billion in 2022 and is expected to grow at over 4.5% CAGR from 2023 to 2032. Driven by the increasing demand for home appliances worldwide.

Coil Coatings Market

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Coil coatings are commonly used in home appliances such as refrigerators, freezers, ovens, microwaves, and dishwashers. Such coatings add protective and aesthetic qualities to home appliances. They allow appliance makers to deliver superior quality finish on their products, helping them innovate appliances such as refrigerators with anti-fingerprint coatings, and dishwashers with heat-resistant coatings. With a share of more than 12% in the global market, the home appliance industry is one of the prominent user bases of coil coatings. Coil coating is a cost-effective process and saves time and energy while manufacturing residential and commercial appliances.

Rising demand for lightweight materials in automotive sector may constrain industry progress

Surging demand for lightweight materials in automobile sector may hamper coil coatings market share. The weight of coil coatings varies from 5-6 tons for aluminum and up to 25 tons for steel. The heavy weight of the material is a major restraint to industry growth as more auto manufacturers shift focus towards making their vehicles lighter weight to improve fuel efficiency. Additionally, without precise control of the entire coil coating process, manufacturers often experience high scrap rates and delamination, leading to delays. This is motivating auto firms to avoid the use of coil coatings in the vehicles.

Strong demand from agricultural and rural buildings to foster segment expansion

Coil Coatings Market Share, By Product

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Based on product, the coil coatings market size from the polyester segment is expected to record a valuation of over USD 3.7 billion by 2032. Polyester coatings are available in a wide variety of industry popular colors and can be used for external long-life use on construction site coverings, and agricultural and rural buildings. These coatings provide excellent resistance to sun, stain, and scratch and have superior adhesion strength and flexibility, making them ideal for outdoor environments. They can even coat areas that are difficult to coat such as tight angles and hidden surfaces. They are also smooth and do not re-melt when exposed to high temperatures.

Expanding real estate sector to drive construction end-user segment landscape

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market for coil coatings recorded a valuation of over USD 4.5 billion in 2022 and is anticipated to grow at over 4.5% CAGR from 2023 to 2032, driven by increasing demand for home appliances worldwide.

Polyester segment is poised to record a valuation of over USD 3.7 billion by 2032, driven by their extensive use in agricultural and rural buildings to improve their weather resistance.

Asia Pacific coil coatings market is set to grow at over 5% CAGR from 2023 to 2032, fueled by India’s rapidly expanding construction sector.

The major market leaders include names such as Sherwin-Williams, Beckers Group, Henkel AG & Co. KGaA, Kansai Nerolac Paints Limited, AkzoNobel N.V., PPG Industries Inc., Axalta Coating Systems, and Bulk Chemicals Incorporated (BCI), among others.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 335
  • Countries covered: 19
  • Pages: 280
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