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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

Coil Coatings Market Size

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.

Coil Coatings Market Analysis

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.

Global Coil Coatings Market Share, By End-User

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Based on end-user, the coil coatings market from construction segment is poised to grow beyond USD 5 billion by 2032, driven by the expanding real estate sector across the globe. the top 100 construction companies witnessed a 14.1% growth in total revenue in 2021, while their market capitalization increased by 13.3%. The sector is witnessing robust expansion due to the implementation of stricter building codes, which recognize painting steel and aluminum with powder coating as the most environmentally sustainable approach.

Coil coatings can also strengthen any external building components owing to their superior resistance to corrosive nature of pre-painted metals. They also make stamping of coil-coated metals into shapes such as roof covers, and entry doors relatively easier.

Asia Pacific Coil Coatings Market Size 

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From the regional perspective, Asia Pacific coil coatings market is anticipated to grow at over 5% CAGR through 2023 - 2032, on account of India’s rapidly expanding construction sector. According to the National Investment Promotion and Facilitation Agency, the country’s construction industry is set to reach a valuation of USD 1.4 trillion by 2025. Such a strong regional growth is being spurred by the Indian government’s substantial investments in infrastructure projects.


Coil Coatings Market Share

The major coil coatings market contenders include

  • Beckers Group
  • Henkel AG & Co. KGaA
  • Bulk Chemicals Incorporated (BCI)
  • PPG Industries Inc.
  • Axalta Coating Systems
  • Kansai Nerolac Paints Limited
  • Nippon Paint Holdings Co., Ltd,

Many of these firms are prioritizing product innovations to capture a high market share.

This latest addition to the company’s coil coatings portfolio offers resistance to stains and abrasion across various applications.


Impact of COVID-19 pandemic

The COVID-19 pandemic asserted a negative influence on the coil coatings industry on account of a halt in construction projects and global supply chain disruptions. However, the resumption of normal business operations and government investments towards infrastructure projects will positively impact the industry outlook in the post-COVID-19 era. Back in October 2021, the U.S. Department of Energy invested more than USD 61 million towards smart building projects.

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 2018 to 2032 for the following segments:

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By Product

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

By End-user

  • Construction
  • Automotive
  • Appliances
  • Others

By Region

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


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.

Coil Coatings Market Scope

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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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