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Coil Coatings Market Size

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

Coil Coatings Market Size

Coil Coatings Market size was valued at over USD 4.8 billion in 2023 and is expected to grow at over 4.6% CAGR from 2024 to 2032. Driven by the increasing demand for home appliances worldwide.

 

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.

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market for coil coatings recorded a valuation of over USD 4.6 billion in 2023 and is anticipated to grow at over 4.6% CAGR from 2024 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: 2023
  • Companies covered: 15
  • Tables & Figures: 335
  • Countries covered: 19
  • Pages: 280
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