Coil Coatings Market

Coil Coatings Market Outlook (2023 to 2033)

The global coil coatings market sales are slated to top USD 5.24 billion in 2023. The market is expected to propel at 4.7% CAGR through 2033 to gain a market revenue of USD 8.29 billion by 2033.

Coil coatings are characterized by their flexibility, stain resistance, hardness, and corrosion resistance. Their use is perpetuated in end-use industries like appliances, building and construction, automotive, and others. Recently, manufacturers have been laying heightened emphasis on multiple applications of coil coatings.

Key Takeaways from the Coil Coatings Market Research

• India is estimated to offer significant growth opportunities for the leading manufacturers.
• Germany, due to its large-scale production of automotives, is expected to be a key market for coil coatings in Europe and globally.
• Manufacturers are eyeing Canada to exploit the existing key prospects in the country.
• The construction sector is anticipated to be the top consumer of coil coatings in the next decade.

Crucial Factors Propelling the Coil Coatings Industry

• Prosperous Oil and Gas Industry: The oil and gas manufacturers employ metals and alloys like steel in pipelines, reactors, and different structures. Before their application, steel products are applied coil coating paint for performance benefits. Thereby increasing oil and gas exploration activities in untapped regions are expected to fuel market expansion.
• Enhances Lifespan of Architectural Elements: Coil coatings offer endurance and safety from metal surfaces within the construction sector. They create a barrier that secures composite panels, wall cladding, metal roofing, and other architectural elements from corrosion, harsh weather, and UV rays. Also, these coatings help prolong the lifespan of these materials, thus boosting their application in the said sector.
• Improves Architectural Design and Aesthetics: Designers and architects utilize coil coatings to achieve desired aesthetics and flexibility in the design of architectural projects. Coil coatings come in a variety of colors, finishes, and textures, thus helping manufacturers manifest distinct metal surfaces that have attractive visuals.
• Proliferating Automotive Industry: Color-coated coils are extensively used by automakers to provide a uniform and superior quality finish to metals within a budget. Accelerating the automotive industry is expected to fuel demand for coil coatings.
• High Demand for Electricals: The color-coated coil is deployed in home appliances to boost their efficiency. Further, surging electricity demand is persuading vendors to constantly develop novel transformers and armatures. This factor is expected to bolster the demand for metals and the need for the coil coating process.

Attributes	Details
Coil Coatings Market Estimated Size 2023	USD 5.24 billion
Coil Coatings Market Value-based CAGR (2023 to 2033)	4.7%
Coil Coatings Market Size in Projected 2033	USD 8.29 billion

Trends Materializing in the Coil Coatings Market

• Adherence to Building Codes: Several building codes can be seen encouraging energy-efficient structures. Consumers and home builders are, therefore, slowly shifting toward building strategies that offer energy savings and high performance over the long term.
• Continuous Upgradations of the Product: Producers of metallic products throughout different industries are choosing high-quality composite coatings. Continuous upgrades in the field of treatment techniques and surface chemistry are expected to develop a positive outlook for the market.

Opportunities Coming into Sight

• Governments across the world are making investments in public infrastructure. The surging use of coil-coating paint in metals or pre-coated products in roofing and wall cladding of buildings is fueling the adoption of industrial coil coatings.
• Surging large-scale construction projects, especially in developing economies, are expected to augment the sales of coil coatings.

Challenges in the Market Progress

Automotive manufacturers are requesting lightweight materials in the automotives to enhance fuel efficiency. Since coil coatings weigh somewhere around 25 tons for steel and 5-6 tons for aluminum, their heavy weight restricts their use in automotive.

Sans precision control of the coal coating process, producers usually observe delamination and high scrap rates, which results in delays. This is influencing automakers to avoid using coil coatings in vehicles.

If the manufacturers of coil coatings bring reductions in their weight and enhance their application technique, they can maintain the relevance of coil coatings in the automotive

2018 to 2022 Coil Coatings Market Outlook in Comparison to 2023 to 2033 Market Forecast

The coil coatings industry is anticipated to record a 4.7% CAGR between 2023 to 2033, up from the 3.8% CAGR recorded from 2018 to 2022.

The historical timeframe of the coil coatings industry has been driven by the high application quotient of coil coatings in the oil and gas industry. Another factor that has fueled the adoption rate of the product is the production of steel. Steel is being increasingly required to construct large modern structures like bridges, airports, stadiums, and skyscrapers.

The forecast demand for coil coatings is characterized by relatively increased intensity. Coil coatings find extensive use in different industries. Also, their application areas range from non-residential constructions to home appliances. Surging innovation activities by leading manufacturers are expected to drive advancement in the market.

Regional Analysis

Canada to Witness Surge in Non-residential Construction Projects

Manufacturers in Canada are expected to observe significant outlays in non-residential construction. Other factors that are fueling the regional growth include:

• The increasing architectural sector in the country is anticipated to boost the use of coil coatings
• Surging efforts by key players to drive innovation in the coating technologies
• Enhancing paint applications of coil coatings in different industries

The United States Possesses a Large Area of Global Market

Regionally as well as globally, the United States stands out in terms of the market portion under its possession. The surging construction sector in the country is providing a nourishing environment for coil coatings manufacturers.

Consistent with the Associated General Contractors of America estimates, the United States construction industry generates over USD 1.4 trillion worth of structures every year. This number is assessed to increase in the next years, thereby augmenting the United States market.

Thriving Automotive Industry in Germany to Augment Sales of Coil Coatings

Germany is well-equipped with a thriving automotive industry. The country also has flourishing appliance and construction industries. These industries are contributing to the surging demand for coil coating solutions in the country.

Germany is titled the top automotive market in Europe, concerning production and sales, as per Germany Trade & Invest (GTAI). The country clocked sales of about 25% passenger cars and 1/5th of new registrations in the region. A few other factors that are fueling the market expansion are:

• Increasing focus on energy-efficient buildings
• Surging emphasis on architectural aesthetics
• Stringent environmental regulations are being mandated

India to Record High Market CAGR

The booming Indian economy is witnessing increasing sales of coil coatings. Further, the surging adoption of protection and high-performing coil coatings in the end-use industries is supporting the market growth.

In several markets like agriculture, transportation, and construction, the expectations from coil coatings have escalated. This is creating high pressure on coil coatings producers to innovate and bring efficiencies in the formulation of coil coatings.

Another factor that is augmenting the coil coatings market in the country is the demand for custom coil coating systems. The new coil coating is being developed keeping in mind the removal demands for VOC emissions.

Coil Coatings Vendors in Japan Enhancing their Distribution Channel

Japan showcases a significant share of the coil coatings market. Several factors are augmenting the market growth in Japan which include:

• Increasing the use of coil coatings in the manufacturing industry
• Surging efforts to enhance the coil durability for its effective application
• Rising number of coil coating vendors in the country

Category-wise Insights

Polyester Coil Paint is Extensively Used in Pre-engineered Buildings

The polyester segment occupies a lion’s share in the global industry. Polyester coil paint is observing high demand in the interiors as well as exteriors of buildings due to its several beneficial attributes.

Polyester offers weather resistance properties, and chemical resistance properties, and has good formability. It further delivers excellent flow characteristics to different temperatures, thus discovering applications in pre-engineered buildings.

Demand for Color-Coated Coils to Surge in the Construction Industry

The construction sector bears the huge sales of coil coatings. It is expected to continue expanding on this trend over the forecast period as well. Further, the surging count of commercial and residential construction projects in developed and developing economies is expected to propel market growth.

The use of cleaner technologies in the public infrastructure is expected to drive the adoption of color-coated coils. The heightened influence of Western culture on the impressionable minds of emerging economies is fueling the demand for personal homes, particularly in younger individuals. This is expected to favor the coil coatings industry.

Surging Demand for Topcoats to Avoid Damage by UV Rays

The topcoats sector leads the market’s global landscape. The expanding demand for topcoats can be credited to its special formulation that delivers good adherence to the undercoat. Topcoats also ensure added protection from harsh weather and provide the desired appearance to the painted unit in terms of color and structure.

The topcoats application is increasing over primers and fillers to withstand abrasion, chemical aggression, and UV light.

Steel Manufacturers opt for Coil Paint Process to Boost Durability

The steel segment is expected to capture a wide share of the global market. The coil paint process is seen as an environmentally responsible method to spread paint to steel. Hence, it is gaining high popularity among end users.

Increasing use of pre-painted steel, due to its water resistance, weather resistance, and extreme durability, is fueling segment growth.

Effective Strategies Employed by Key Players

Leading competitors in the coil coatings market are strategizing their growth by:

• Focusing on product differentiation and product quality
• Complying with favorable government policies
• Engaging in ramping up of existing volume
• Capitalizing on the expanding construction sector
• Investing in advancing their technology to keep up with the evolving demands of their customers
• Developing sustainable coatings

Latest Developments in the Coil Coatings Market

Company Name	Modine Coatings
Date and Year of News	January 2022
Key Particulars	Modine Coatings unveiled its plan to demonstrate novel GulfCoat technology at the AHR Expo. The firm is expected to release GulfCoat AM anti-microbial products and GulfCoat Circuit Shield at the event. The former series deploys silver ions to avoid the growth of molds, fungi, and bacteria. GulfCoat Circuit Shield, conversely, protects the circuit boards that are deployed in outdoor environments.

Company Name	Ternium USA
Date and Year of News	December 2021
Key Particulars	Ternium United States manufactures high-quality steel products. The company announced an investment of USD 98 million to widen its unit at the Port of Caddo-Bossier, Louisiana. It is going to add another line of coil coating paint to increase its yearly production capacity to 120,000 st/year.

Company Name	BlueScope Steel Limited
Date and Year of News	April 2022
Key Particulars	BlueScope Steel Limited came into a binding agreement to obtain the Coil Coatings business from Cornerstone Building Brands Inc. for USD 500 million. The latter company’s Coil Coatings division is one of the largest metal painters in the United States, with an overall capacity of about 900,000 tons/ annum throughout seven facilities, prominently serving industrial and commercial construction applications.

Company Name	The Beckers Group
Date and Year of News	January 2022
Key Particulars	The Beckers Group joined forces with aluminum and steel coil coating customers. It is to create and trail the important solutions and decarbonize the aluminum and steel coating industries.

Scope of Coil Coatings Market Report

Attributes	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Units for Volume and USD billion for Value
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; and Middle East & Africa (MEA)
Key Countries Covered	The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa
Key Market Segments Covered	Material Type, Product Type, End Use, Application, and Region
Key Companies Profiled	Akzo Nobel N.V.; The Chemours Company; Axalta Coating Systems; PPG Industries; Becker Group; The Valspar Corporation; Henkel AG & Co. KGaA; Kansai Paint Co. Ltd.; Eastman Chemical Company; Noroo Coil Coatings; ALCEA; Dura Coat Products, Inc.; Italcoat S.r.l.; Huehoco GmbH; Jotun Group; Titan Coatings, Inc.; Chemetall Group; Recubrimientos Plasticos SA; ARCEO Engineering; Nipsea Group (Nippon Paint)
Pricing	Available upon Request

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
• 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type
  • 5.1. Polyester
  • 5.2. Epoxy
  • 5.3. PVC
  • 5.4. Plastisols
  • 5.5. Acrylic
  • 5.6. Polyurethane
  • 5.7. PVDF
  • 5.8. Silicone
• 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
  • 6.1. Construction
  • 6.2. Transportation
    • 6.2.1. Consumer Durable Goods
    • 6.2.2. Refrigerators
    • 6.2.3. Washing Machine
    • 6.2.4. Ovens & Toasters
    • 6.2.5. Air Conditioners
    • 6.2.6. Others
  • 6.3. HVAC
  • 6.4. Metal Furniture
  • 6.5. Others
• 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
  • 7.1. Topcoats
  • 7.2. Primers
  • 7.3. Backing Coats
  • 7.4. Others
• 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
  • 8.1. Steel
  • 8.2. Aluminum
• 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 9.1. North America
  • 9.2. Latin America
  • 9.3. Western Europe
  • 9.4. Eastern Europe
  • 9.5. South Asia and Pacific
  • 9.6. East Asia
  • 9.7. Middle East and Africa
• 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 17. Key Countries Market Analysis
• 18. Market Structure Analysis
• 19. Competition Analysis
  • 19.1. Akzo Nobel N.V.
  • 19.2. The Chemours Company
  • 19.3. Axalta Coating Systems
  • 19.4. PPG Industries
  • 19.5. Becker Group
  • 19.6. The Valspar Corporation
  • 19.7. Henkel AG & Co. KGaA
  • 19.8. Kansai Paint Co. Ltd.
  • 19.9. Eastman Chemical Company
  • 19.10. Noroo Coil Coatings
  • 19.11. ALCEA
  • 19.12. Dura Coat Products, Inc.
  • 19.13. Italcoat S.r.l.
  • 19.14. Huehoco GmbH
  • 19.15. Jotun Group
  • 19.16. Titan Coatings, Inc.
  • 19.17. Chemetall Group
  • 19.18. Recubrimientos Plasticos SA
  • 19.19. ARCEO Engineering
  • 19.20. Nipsea Group (Nippon Paint)
• 20. Assumptions & Acronyms Used
• 21. Research Methodology