Coil Coatings Market Size By Product (Polyester, Silicone Modified Polyester [SMP], Polyvinylidine Fluorides [PVDF], Polyurethane [PU], Plastisols), By End User Industry (Construction, Automotive, Appliances), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Dec 2019  |  Report ID: GMI839  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 140   |   Base Year: 2018

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Coil Coatings Market size was USD 3.1 billion in 2018 and will grow at a CAGR of 5.5% from 2019 to 2026.

Coil Coatings Market

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Coil coating is an automated and continuous industrial process for effectively coating metal coils. The coatings work on a simple but effective principle that includes cleaning, pretreating and coating flat coils or steel or aluminum sheets. The process covers cleaning, conversion treatment, drying, primer coating, top coating and foil lamination. A variety of formulations are used in the coatings industry; however, the most prevalent formulations are polyester, polyflourocarbons, alkyds acrylics, plastisol, etc.

Coil coatings industry size will foresee significant growth with rising construction activities in emerging and developed economies. Infrastructure plays a critical role in promoting growth and improving connectivity. Continuous construction spending in the Asian countries including China and India on account of rapid industrialization and urbanization will enhance the product demand. The region accounts for around 50% of global capital spending as China and India offer huge consumer base along with low wage labor thereby attracting multiple construction industry players in the region.

The growing non-residential construction spending in countries including the U.S. will boost the coil coatings market size over the study timeframe. According to the United States, Census Bureau, the non-residential construction spending in the country has increased by over 8.5% in the year 2016. The increased use of coil coatings in manufacturing furniture and construction products is predicted to drive the product demand. The coil coating products are used in the furniture applications such as shelving, filing cabinets, storage units, desks, and others.

Growth indicators from automotive sector is positively influencing the coil coatings market demand. The coatings offer automakers to produce a high quality and uniform finish to metal within a cost-effective range thereby influencing manufactures to utilize the process while manufacturing auto parts. Further, the automotive OEMs are providing enhanced after sales services to attract new customers thereby driving the industry growth.

Transportation and storage of the coatings are some of the major factors restraining the industry proliferation. The lack of proper and safe transportation facilities in the emerging economies may hamper the product adoption. Further, the coatings must be preserved with the proper preservation oil to maintain the finishing. The coil coatings must be stored carefully with certain precautions to maintain their quality.

Coil Coatings Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 3.1 Billion (USD)
Historical Data for: 2016 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 5.5% 2026 Value Projection: 4.8 Billion (USD)
Pages: 140 Tables, Charts & Figures: 161
Geographies covered (17): U.S., Canada, Germany, UK, France, Spain, Russia, China, India, Japan, Malaysia, Indonesia, Brazil, Mexico, South Africa, Saudi Arabia, UAE
Segments covered: Product, Industry, Region
Companies covered (15): BASF SE, Akzo Nobel N.V., The Valspar Corporation., PPG Industries Inc., Beckers Group, Dura Coat Products, Inc, Henkel AG & Co. KGaA., The Dow Chemical Company, Bulk Chemicals Incorporated, Nippon Paint Co. Ltd., Axalta Coating Systems LLC, Metal Coatings (INDIA) limited (MCIL), Solvosol Paints Pvt.Ltd., Toyo Ink., ACE Coating.
Growth Drivers:
  • Robust growth in construction industry
  • Growing demand from automotive sector
  • Rising home appliance product demand worldwide
  • Increasing high efficiency packaging material demand
  • Increasing demand for residential and commercial furniture in growing economies
Pitfalls & Challenges:
  • Increasing demand for lightweight materials in automotive industry
  • Storage and transportation complications of coil coating

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Residential construction sector to give impetus to polyester segment

Polyester Vs PVDF

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Polyester provide excellent flow characteristics to a wide range of temperatures and find application in pre-engineered buildings. In 2018, the polyester held a share of over 60% in the coil coatings market volume. These are further suitable for external applications such as residential roofing systems, truck trailers and mobile homes, doors and trim etc.

Silicone modified polyester segment will foresee substantial growth owing to its high resistance. These are more resistant to rough handling as these are quite harder than PVDF coatings. The coatings offer superior performance at moderate cost that influences the manufactures to include silicone modified polyester coatings in their production process. However, higher brittleness of the product limits the segment penetration.

Appliances to follow an upward growth trend

U.S. appliance coil coatings industry

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Appliance will witness around 6.5% CAGR as majority of the household appliance utilize coil coatings. It finds application in appliances including freezers, dishwashers, ovens, microwaves, refrigerators etc. The product offers a durable finish and high endurance against wear and tear. The coating process reduces cost, time and energy consumption while manufacturing commercial as well as residential appliances. Home appliance industry is one of the major growing manufacturing sectors. According to the European Committee of Domestic Equipment Manufacturers (CECED), in 2016, the industry generated over USD 45 billion in Europe. Moreover, factors including, rapid urbanization, expanding middle class population will support the industry expansion.

Asia Pacific to dominate the coating demand

Asia Pacific Vs Other Regions

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Asia Pacific leads the global coil coatings market demand and will continue its dominance owing to the presence of large number of manufactures and substantial end user industry. Proliferating automotive industry in the region is escalating the product demand. According to International Organization of Motor Vehicle Manufacturers (OICA), in 2018, countries including India, Indonesia and Malaysia witnessed a significant increase in vehicle production as compared to 2017. Furthermore, the increasing construction activities in the region will induce significant growth potential in the industry landscape.

China dominates the construction industry with huge investments across South East Asia under the Belt and Road Initiative. The construction sector in the country is expected to grow by around 5%. Construction activities in the country will shift towards projects to enhance quality of life of the citizens. The ongoing PPP (Public Private Partnership) program indicates this shift with focus on social infrastructure as well as environment protection activities. Growing investment and government initiatives to boost construction activities in Asia Pacific will propel the industry size.

Facility expansion to emerge as key strategy

Industry players are strengthening the production capability and focused towards expanding their product portfolio to serve larger consumer base. For instance, in 2015, AkzoNobel inaugurated coil coatings production line in Mexico to strengthen its production capacity. The industry is highly consolidated with competitive rivalry and presence of multiple established participants. Key coil coatings industry players include Akzo Nobel, Henkel and Nippon Paints, Beckers Group, PPG Industries, Axalta Coating Systems LLC among others.

The coil coatings market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD million from 2016 to 2026, for the following segments:

By Product

  • Polyester
  • Silicone Modified Polyester (SMP)
  • Polyvinylidine Fluorides (PVDF)
  • Polyurethane (PU)
  • Plastisols
  • Others

By Industry

  • Construction
  • Automotive
  • Appliances
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Frequently Asked Questions (FAQ) :

Coil coating is an automated and continuous industrial process for effectively coating metal coils. The coatings work on a simple but effective principle that includes cleaning, pretreating and coating flat coils or steel or aluminum sheets.
Growing application of coil coatings in the automotive industry along with proliferating construction industry are the key factors driving the global market trends.
Akzo Nobel, Henkel and Nippon Paints, Beckers Group, PPG Industries and Axalta Coating Systems LLC are the leading players operating in the global market.

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Premium Report Details

  • Published Date: Dec 2019
  • Pages: 140
  • Tables: 150
  • Charts / Figures: 11
  • Companies covered: 15
  • Countries covered: 17

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