Home > Polymers, Specialty Chemicals & Advanced Materials > Metal Coil Lamination Market
Metal Coil Lamination Market size was USD 3.67 billion in 2019 and will grow at a CAGR of 5.1% from 2020 to 2026. Emerging regulations pertaining to waste emissions including water and VOC will augment industry growth.
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Metal coil lamination is laminating the metal coil with either metal or polymer film with the help of adhesives to enhance aesthetics and impart corrosion resistance. The laminates offer superior scratch and abrasion resistance and tend to have high gloss. The major types of polymer film include polyvinyl chloride (PVC), polyethylene terephthalate (PET), polyethylene, polypropylene and polyvinyl fluoride. The application of adhesives offers multiple advantages including, durable bond and high degree of consistency in film thickness and cure condition.
Report Coverage | Details |
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Base Year: | 2019 |
Market Size in 2019: | 3,678.1 Million (USD) |
Forecast Period: | 2020 to 2026 |
Forecast Period 2020 to 2026 CAGR: | 5.1% |
2026 Value Projection: | 5,163.4 Million (USD) |
Historical Data for: | 2016 to 2019 |
No. of Pages: | 223 |
Tables, Charts & Figures: | 224 |
Segments covered: | Type, Application, Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Metal coil lamination market share will witness significant growth owing to its application to mimic the appearance of materials such as wood, stone, marble, and granite. The properties of laminated structures are dependent upon the polymer film, adhesive and priming ingredients combined to deliver the intended performance. The films are applied to a coil of steel or aluminum on a coil coating line. Laminated metals maintain the durability while adding a protective, decorative laminate film that prevents oxidation and enhance the service life of the appliances.
Increasing regulations limiting the VOC in paints is inducing growth potential in the metal coil lamination market. Government entities including the U.S. Environmental Protection Agency (EPA) and Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) regulate the VOC content in the architectural coatings, automotive coatings, and coatings on consumer products. The lamination of metal generates minimal pollution that supports its adoption. However, high scrap rates and quality control issues will limit the industry expansion over the study timeframe.
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Metal to polymer dominates the metal coil lamination market with over 75% share in 2019. This is attributed to its demand from food packaging, appliances and metal structures for superior flexibility and relatively lower cost. Polymer lamination provide better protection against permeation of water vapor, light, gas, and ultraviolet rays. Further, development of laminating films resistant to fire, chemicals, stains and abrasions will ensure its dominance in the next six years.
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In 2019, the food & beverages packaging sector generated over USD 1.5 billion owing to growing demand for metallized films. The laminated metal films impart scratch resistance properties and protect the food products from packaging lines and during transport. Moreover, the films preserve freshness, flavor and maintain high-quality finish. Industry participants are expanding their product portfolio to serve larger consumer base. For instance, in April 2015, Jindal Films introduced flexible metallized film for horizontal film and seal application.
Growing demand for outdoor furniture will positively influence the metal coil lamination market. These laminations are used on the outer surface to impart corrosion resistance for metal furniture. The laminating films requires just heat and pressure to bond to the surface that transform economic materials into functional and decorative products. Further, industry players such as Dunmore are developing anti-graffiti laminating films for metallic gates that prevents graffiti paints from bonding to the surface, thereby, driving the industry growth.
Asia Pacific to drive the product demand
Asia pacific leads the metal coil lamination market size owing to high degree of industrialization and construction activities. Presence of major appliance manufacturers such as LG Electronics, Godrej Group, Haier Electronics, Panasonic Corporation and Samsung Group in the region is escalating the demand for coil laminates. Upswing in the emerging markets and recovery in the industrialized emerging economies including China, India, Thailand, Vietnam and Indonesia will augment investments in construction and electronics sector.
Relocation of manufacturing hubs with accessibility to economical raw material and labor coupled with increasing investments in automobile sector will enhance the metal coil lamination market growth. For instance, in 2015, the central government of the People's Republic of China initiated 46 pilot projects to focus on technological advancement in the country. Further, the government will enforce smart manufacturing as a part of ‘Made in China 2025’ initiative. Such initiatives will escalate the product demand over the study timeframe.
Implementation of innovative production technology
Metal coil lamination industry participants are upgrading their manufacturing facilities to strengthen their foothold. For instance, in February 2017, Celplast announced the installation of metallizer to produce high barrier materials for flexible packaging and converting industry. The metallizer aids in streamlining production, simplifying the raw material stream and reduction in the carbon footprint.
The key players in metal coil lamination market include, Lienchy Laminated Metal Co., Ltd, Jindal Poly Films Ltd., Sika AG, Mitsubishi Chemical Holdings Corporation, American Nickeloid Company, Orion Profiles Ltd., Polytech America LLC, Metacolour, Material Sciences Corporation, Berlin Metals, METAL TRADE COMAX, Globus S.r.l. and Toyo Kohan Co., Ltd among others.
The Metal Coil Lamination 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:
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The above information is provided on a regional and country basis for the following: