Product Code: GVR-4-68040-326-7
Coil Coatings Market Growth & Trends:
The global coil coatings market is anticipated to reach USD 4390.9 million by 2030, exhibiting a CAGR of 4.0% during the forecast period, according to a new report by Grand View Research, Inc. The growth is attributed to the growing demand for these products from the construction industry, which includes both residential and commercial sectors. Coil coatings are widely used for roofing, cladding, and insulation of buildings, infrastructure, and industrial facilities.
Polyester resins are the most widely used in coil coating and typically do not contain trifunctional hydroxyl building blocks but instead utilize diols such as neopentyl glycol, propylene glycol, butane diol, or 1,6 hexane diol. The diacids used in these resins can be a combination of linear aliphatic diacids along with an aromatic diacid or their dianhydride. These resins are formulated to be rapidly cured at high temperatures and are often crosslinked with an aminoplast crosslinker such as melamine or blocked isocyanate.
Within the automotive sector, coil coating on aluminum parts is pivotal for enhancing the visual appeal and lifespan of vehicle components through superior corrosion resistance and vibrant, enduring color finishes. This process, which applies paint, anodizing, liquid, or powder coatings to precoated aluminum coils, is critical for the durability and weather resistance of exterior panels, trim, and structural elements. The automotive industry's move toward lighter materials for better fuel efficiency has made aluminum and effective coating methods increasingly important. Additionally, the rising demand for electric vehicles (EVs) is anticipated to propel the demand for aluminum coil coating products.
The overall market is expected to witness significant growth in emerging economies such as India, China, and Indonesia. This growth is attributed to the boom in the global construction industry and increasing demand for coil coatings from durable goods, motor vehicles, and industrial maintenance applications. Asia is expected to remain a prominent consumer and observe the fastest gains, in terms of production, in the coming years. In addition, the increasing tariff on heavy-duty equipment, automotive products, and other U.S.-originating goods is expected to positively impact the market share of regional manufacturers and raise the production of automotive OEMs (original equipment manufacturer) and heavy-duty equipment, thereby, augmenting the demand for coil coatings in the region.
Coil Coatings Market Report Highlights:
- Plastisols witnessed the fastest growth rate of more than 4.4%, owing to their large-scale use due to their possession of notable strengths in terms of abrasion resistance, flexibility, and ability to form thick films.
- Aluminum witnessed the fastest CAGR of approximately 4.1% due to rising investment in the construction industry which is expected to propel the demand for aluminum coil coating.
- North America region witnessed the fastest growth rate of 5.7% due to increasing demand for aluminum and steel coils in different end-use industries in the region.
- The stringent regulations by the U.S. EPA, OSHA (Occupational Safety and Health Administration), the European Union (EU), and other regional agencies across the world are expected to restrain the growth of the market over the forecast period.
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 Gvr's Internal Database
- 1.4 Information Analysis
- 1.5 Market Formulation & Data Visualization
- 1.6 Data Validation & Publishing
- 1.6.1 Research Scope And Assumptions
- 1.6.2 List To Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Coil Coatings: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Paints & Coatings Market Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Raw Material Trend
- 3.2.2 Manufacturing
- 3.2.3 Technology Trends
- 3.2.3.1 Solvent-Based
- 3.2.3.2 Water-Based
- 3.2.3.3 Powder Coating
- 3.2.4 Sales Channel Analysis
- 3.3 List Of Potential End Users/ Customers
- 3.3.1 North America
- 3.3.2 Europe
- 3.3.3 Asia Pacific
- 3.3.4 Rest Of World
- 3.4 Vendor Landscape
- 3.4.1 List Of Key Distributors/Channel Partners
- 3.5 Price Trend Analysis, 2018 - 2030 (USD/Kg)
- 3.5.1 Factors Influencing Prices
- 3.6 Regulatory Framework
- 3.6.1 Safety
- 3.6.1.1 Acrylic Coil Coatings
- 3.6.1.2 Epoxy Coil Coatings
- 3.6.1.3 Polyurethane Coil Coatings
- 3.6.1.4 Alkyd Coil Coatings
- 3.7 Market Dynamics
- 3.7.1 Market Driver Analysis
- 3.7.1.1 Growth In Global Construction Activities
- 3.7.1.2 Increasing Advancements In Coil Coating Technologies
- 3.7.2 Market Restraint Analysis
- 3.7.2.1 Stringent Regulations Regarding Toxic Plastisols
- 3.7.3 Industry Challenge Analysis
- 3.7.4 Industry Opportiunity
- 3.8 Industry Analysis Tools
- 3.8.1 Porter's Five Forces Analysis
- 3.8.2 Macroeconomic Analysis- PESTLE Analysis
Chapter 4 Coil Coatings Market: Supplier Portfolio Analysis
- 4.1 Portfolio Analysis/ Kraljic Matric
- 4.2 Engagement Model
- 4.3 Negotiation Strategies
- 4.4 Sourcing Best Practices
- 4.4.1 Decreasing Dependency On One Supplier
- 4.4.2 Predefining Standards And Processes For Raw Material Procurement
- 4.4.3 Tracking Raw Material Prices
- 4.5 List Of Raw Material Suppliers
Chapter 5 Coil Coatings Market: Resins Estimates & Trend Analysis
- 5.1 Coil Coatings Movement Analysis & Market Share, 2023 & 2030
- 5.1.1 Polyester
- 5.1.1.1 Polyester Based Coil Coatings Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.2 Fluoropolymer
- 5.1.2.1 Fluropolymer Based Coil Coatings Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.3 Siliconized Modified Polyesters (Smps)
- 5.1.3.1 Siliconized Modified Polyesters (Smps) Based Coil Coatings Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.4 Plastisols
- 5.1.4.1 Plastisols Based Coil Coatings Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
- 5.1.5 Other Resins
- 5.1.5.1 Other Resins based Coil Coatings Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6 Coil Coatings Market: Application Estimates & Trend Analysis
- 6.1 Application Movement Analysis & Market Share, 2023 & 2030
- 6.1.1 Steel
- 6.1.1.1 Coil Coatings Market Estimates & Forecast for Steel, 2018 - 2030 (Kilotons) (USD Million)
- 6.1.2 Aluminum
- 6.1.2.1 Polyester Based Coil Coatings Market Estimates & Forecast for Aluminum, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7 Coil Coatings Market: End Use Estimates & Trend Analysis
- 7.1 End-Use Movement Analysis & Market Share, 2023 & 2030
- 7.1.1 Building & Construction
- 7.1.1.1 Coil Coatings Market Estimates & Forecast in Building & Construction, 2018 - 2030 (Kilotons) (USD Million)
- 7.1.2 Transportation
- 7.1.2.1 Coil Coatings Market Estimates & Forecast in Transportation, 2018 - 2030 (Kilotons) (USD Million)
- 7.1.3 Consumer Appliances
- 7.1.3.1 Coil Coatings Market Estimates & Forecast in Consumer Appliances, 2018 - 2030 (Kilotons) (USD Million)
- 7.1.4 Other End Uses
- 7.1.4.1 Coil Coatings Market Estimates & Forecast in Other End Uses, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8 Coil Coatings Market: Regional Estimates & Trend Analysis
- 8.1 Coil Coatings Market: Regional Outlook
- 8.2 North America
- 8.2.1 North America Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.2 U.S.
- 8.2.2.1 Key Country Dynamics
- 8.2.2.2 U.S. Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.3 Canada
- 8.2.3.1 Key Country Dynamics
- 8.2.3.2 Canada Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.2.4 Mexico
- 8.2.4.1 Key Country Dynamics
- 8.2.4.2 Mexico Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3 Europe
- 8.3.1 Europe Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.2 Uk
- 8.3.2.1 Key Country Dynamics
- 8.3.2.2 Uk Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.3 Germany
- 8.3.3.1 Key Country Dynamics
- 8.3.3.3 Germany Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.4 France
- 8.3.4.1 Key Country Dynamics
- 8.3.4.2 France Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.5 Italy
- 8.3.5.1 Key Country Dynamics
- 8.3.5.2 Italy Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.3.6 Spain
- 8.3.6.1 Key Country Dynamics
- 8.3.6.2 Spain Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Coil Coatings Market Estimates & Forecasts, 2018 - 20302030 (USD Million)
- 8.4.2 China
- 8.4.2.1 Key Country Dynamics
- 8.4.2.2 China Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.3 India
- 8.4.3.1 Key Country Dynamics
- 8.4.3.2 India Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.4 Japan
- 8.4.4.1 Key Country Dynamics
- 8.4.4.2 Japan Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.5 South Korea
- 8.4.5.1 Key Country Dynamics
- 8.4.5.2 South Korea Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.4.6 Singapore
- 8.4.6.1 Key Country Dynamics
- 8.4.6.2 Singapore Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.5 Central & South America
- 8.5.1 Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.5.2 Brazil
- 8.5.2.1 Key Country Dynamics
- 8.5.2.2 Brazil Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.5.3 Argentina
- 8.5.3.1 Key Country Dynamics
- 8.5.3.2 Argentina Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.6 Middle East & Africa
- 8.6.1 Middle East & Africa Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.6.2 South Africa
- 8.6.2.1 Key Country Dynamics
- 8.6.2.2 South Africa Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 8.6.3 Saudi Arabia
- 8.6.3.1 Key Country Dynamics
- 8.6.3.2 Saudi Arabia Coil Coatings Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 9 Competitive Landscape
- 9.1 Recent Developments & Impact Analysis, By Key Market Participants
- 9.2 Company/Competition Categorization
- 9.3 Company Heat Map Analysis
- 9.4 Company Market Positioning Analysis, 2023
- 9.5 Strategy Mapping
- 9.5.1 Mergers & Acquisitions
- 9.5.2 New Product Launches
- 9.5.3 Expansion
- 9.5.4 Other Resins
- 9.6 Company Listing
- 9.6.1 PPG Industries, Inc
- 9.6.1.1 Participant's Overview
- 9.6.1.2 Financial Performance
- 9.6.1.3 Product Benchmarking
- 9.6.2 The Sherwin-Williams Company
- 9.6.2.1 Participant's Overview
- 9.6.2.2 Financial Performance
- 9.6.2.3 Product Benchmarking
- 9.6.3 Akzo Nobel N.V.
- 9.6.3.1 Participant's Overview
- 9.6.3.2 Financial Performance
- 9.6.3.3 Product Benchmarking
- 9.6.4 DuPont
- 9.6.4.1 Participant's Overview
- 9.6.4.2 Financial Performance
- 9.6.4.3 Product Benchmarking
- 9.6.5 BASF SE
- 9.6.5.1 Participant's Overview
- 9.6.5.2 Financial Performance
- 9.6.5.3 Product Benchmarking
- 9.6.6 Henkel AG & Co. KGaA
- 9.6.6.1 Participant's Overview
- 9.6.6.2 Financial Performance
- 9.6.6.3 Product Benchmarking
- 9.6.7 Kansai Nerolac Paints Limited
- 9.6.7.1 Participant's Overview
- 9.6.7.2 Financial Performance
- 9.6.7.3 Product Benchmarking
- 9.6.8 Axalta Coating Systems
- 9.6.8.1 Participant's Overview
- 9.6.8.2 Financial Performance
- 9.6.8.3 Product Benchmarking
- 9.6.9 Continental Coatings
- 9.6.9.1 Participant's Overview
- 9.6.9.2 Financial Performance
- 9.6.9.3 Product Benchmarking
- 9.6.10 JSW Paints
- 9.6.10.1 Participant's Overview
- 9.6.10.2 Financial Performance
- 9.6.10.3 Product Benchmarking
- 9.6.11 Nippon Paints Holdings Co., Ltd.
- 9.6.11.1 Participant's Overview
- 9.6.11.2 Financial Performance
- 9.6.11.3 Product Benchmarking
- 9.6.12 Blygold
- 9.6.12.1 Participant's Overview
- 9.6.12.2 Financial Performance
- 9.6.12.3 Product Benchmarking
- 9.6.13 HUEHOCO
- 9.6.13.1 Participant's Overview
- 9.6.13.2 Financial Performance
- 9.6.13.3 Product Benchmarking