Product Code: PM4117
The global coil coatings market size is expected to reach USD 8.33 billion by 2032, according to a new study by Polaris Market Research. The report "Coil Coatings Market Share, Size, Trends, Industry Analysis Report, By Material Type (Polyester, Epoxy, PVC, Plastisols, Acrylic, Polyurethane, PVDF, and Silicone); By Product Type; By Application; By End Use; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising product demand for building & construction and the automotive industry and increasing environmental influences all over the world, coupled with the surge in the proliferation of fluoropolymer coatings for architectural applications, are prominent factors influencing the growth of the market. Additionally, advancements in application methods and equipment, which could lead to the creation of more precise and efficient coating processes, are likely to boost and influence the market positively.
For instance, in May 2023, Beckers introduced new paint formulations for the ultra-violet & coil coating industry.
The rising proliferation of innovations in application methods, such as coil coating equipment and techniques, have significantly improved the precision and efficiency of the coating process while reducing waste and improving coating quality along with the development of new coil coatings with more improved and innovative features, will spur the growth of the market in the near future.
Furthermore, the growing trend toward electric vehicle adoption and sales and the surging need for lightweight materials across the automotive industry are likely to present lucrative opportunities for innovative coatings that can protect and enhance the appearance of metal components in electric vehicles.
For instance, as per a report published by IEA, the sale of EV vehicles has gone up to 10 Mn in 2022. Also, the share of electric cars in total car sales has tripled in the last three years, from 4% in 2020 to nearly 14% in 2022.
Coil Coatings Market Report Highlights
The polyester segment accounted for a notable market share, its surging use in pre-engineered buildings mainly drives that because of its advantageous characteristics
The topcoats segment held the majority revenue share on account of the rapid increase in construction activities that uses topcoats to protect surfaces from various factors
The steel segment led the industry market with a considerable share, mainly due to the widespread utilization of coil-coated steel in end-use industries
The construction segment will grow at a decent growth rate, which is largely attributed to the expansion of infrastructure development and new construction activities
Asia Pacific dominated the market with a noteworthy share, owing to the region's higher spending on construction activities due to rapid urbanization and industrialization
The key market players include Axalta Coatings, Chemours Company, Titan Coatings, Kansal Paint, Akzo Nobel, Becker Group, and Henkel
Polaris Market Research has segmented the coil coatings market report based on material type, product type, application, end use, and region:
Coil Coatings, Material Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Polyester
- Epoxy
- PVC
- Plastisols
- Polyurethane
- Acrylic
- PVDF
- Silicone
Coil Coatings, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Topcoats
- Primers
- Backing Coats
- Others
Coil Coatings, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Coil Coatings, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Construction
- Transportation
- HVAC
- Metal Furniture
- Others
Coil Coatings, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Coil Coatings Market Insights
- 4.1. Coil Coatings - Industry Snapshot
- 4.2. Coil Coatings Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing global construction sector and rapid rate of industrialization
- 4.2.1.2. Growing Automotive Industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Raw Material Price Volatility
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Coil Coatings Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Coil Coatings Market, by Material Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 5.3. Polyester
- 5.3.1. Global Coil Coatings Market, by Polyester, by Region, 2019-2032 (USD Billion)
- 5.4. Epoxy
- 5.4.1. Global Coil Coatings Market, by Epoxy, by Region, 2019-2032 (USD Billion)
- 5.5. PVC
- 5.5.1. Global Coil Coatings Market, by PVC, by Region, 2019-2032 (USD Billion)
- 5.6. Plastisols
- 5.6.1. Global Coil Coatings Market, by Plastisols, by Region, 2019-2032 (USD Billion)
- 5.7. Acrylic
- 5.7.1. Global Coil Coatings Market, by Acrylic, by Region, 2019-2032 (USD Billion)
- 5.8. Polyurethane
- 5.8.1. Global Coil Coatings Market, by Polyurethane, by Region, 2019-2032 (USD Billion)
- 5.9. PVDF
- 5.9.1. Global Coil Coatings Market, by PVDF, by Region, 2019-2032 (USD Billion)
- 5.10. Silicone
- 5.10.1. Global Coil Coatings Market, by Silicone, by Region, 2019-2032 (USD Billion)
6. Global Coil Coatings Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 6.3. Steel
- 6.3.1. Global Coil Coatings Market, by Steel, by Region, 2019-2032 (USD Billion)
- 6.4. Aluminum
- 6.4.1. Global Coil Coatings Market, by Aluminum, by Region, 2019-2032 (USD Billion)
7. Global Coil Coatings Market, by End-use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 7.3. Construction
- 7.3.1. Global Coil Coatings Market, by Construction, by Region, 2019-2032 (USD Billion)
- 7.4. Transportation
- 7.4.1. Global Coil Coatings Market, by Transportation, by Region, 2019-2032 (USD Billion)
- 7.5. HVAC
- 7.5.1. Global Coil Coatings Market, by HVAC, by Region, 2019-2032 (USD Billion)
- 7.6. Metal Furniture
- 7.6.1. Global Coil Coatings Market, by Metal Furniture, by Region, 2019-2032 (USD Billion)
- 7.7. Others
- 7.7.1. Global Coil Coatings Market, by Others, by Region, 2019-2032 (USD Billion)
8. Global Coil Coatings Market, by Product Type
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 8.3. Topcoats
- 8.3.1. Global Coil Coatings Market, by Topcoats, by Region, 2019-2032 (USD Billion)
- 8.4. Primers
- 8.4.1. Global Coil Coatings Market, by Primers, by Region, 2019-2032 (USD Billion)
- 8.5. Backing Coats
- 8.5.1. Global Coil Coatings Market, by Backing Coats, by Region, 2019-2032 (USD Billion)
- 8.6. Others
- 8.6.1. Global Coil Coatings Market, by Others, by Region, 2019-2032 (USD Billion)
9. Global Coil Coatings Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Coil Coatings Market Assessment, By Geography, 2019-2032 (USD Billion)
- 9.3. Coil Coatings Market - North America
- 9.3.1. North America: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.3.2. North America: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.3.3. North America: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.3.4. North America: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.3.5. Coil Coatings Market - U.S.
- 9.3.5.1. U.S.: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.3.5.2. U.S.: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.3.5.3. U.S.: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.3.5.4. U.S.: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.3.6. Coil Coatings Market - Canada
- 9.3.6.1. Canada: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.3.6.2. Canada: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.3.6.3. Canada: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.3.6.4. Canada: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.4. Coil Coatings Market - Europe
- 9.4.1. Europe: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.4.2. Europe: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.3. Europe: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.4.4. Europe: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.4.5. Coil Coatings Market - UK
- 9.4.5.1. UK: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.4.5.2. UK: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.5.3. UK: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.4.5.4. UK: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.4.6. Coil Coatings Market - France
- 9.4.6.1. France: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.4.6.2. France: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.6.3. France: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.4.6.4. France: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.4.7. Coil Coatings Market - Germany
- 9.4.7.1. Germany: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.4.7.2. Germany: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.7.3. Germany: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.4.7.4. Germany: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.4.8. Coil Coatings Market - Italy
- 9.4.8.1. Italy: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.4.8.2. Italy: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.8.3. Italy: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.4.8.4. Italy: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.4.9. Coil Coatings Market - Spain
- 9.4.9.1. Spain: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.4.9.2. Spain: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.9.3. Spain: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.4.9.4. Spain: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.4.10. Coil Coatings Market - Netherlands
- 9.4.10.1. Netherlands: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.4.10.2. Netherlands: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.10.3. Netherlands: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.4.10.4. Netherlands: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.4.11. Coil Coatings Market - Russia
- 9.4.11.1. Russia: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.4.11.2. Russia.: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.11.3. Russia: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.4.11.4. Russia: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.5. Coil Coatings Market - Asia Pacific
- 9.5.1. Asia Pacific: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.5.2. Asia Pacific: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.3. Asia Pacific: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.5.4. Asia Pacific: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.5.5. Coil Coatings Market - China
- 9.5.5.1. China: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.5.5.2. China.: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.5.3. China: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.5.5.4. China: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.5.6. Coil Coatings Market - India
- 9.5.6.1. India: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.5.6.2. India.: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.6.3. India: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.5.6.4. India: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.5.7. Coil Coatings Market - Japan
- 9.5.7.1. Japan: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.5.7.2. Japan.: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.7.3. Japan: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.5.7.4. Japan: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.5.8. Coil Coatings Market - Malaysia
- 9.5.8.1. Malaysia: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.5.8.2. Malaysia.: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.8.3. Malaysia: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.5.8.4. Malaysia: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.5.9. Coil Coatings Market - Indonesia
- 9.5.9.1. Indonesia: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.5.9.2. Indonesia.: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.9.3. Indonesia: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.5.9.4. Indonesia: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.5.10. Coil Coatings Market - South Korea
- 9.5.10.1. South Korea: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.5.10.2. South Korea.: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.10.3. South Korea: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.5.10.4. South Korea: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.6. Coil Coatings Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.6.2. Middle East & Africa: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.6.3. Middle East & Africa: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.6.4. Middle East & Africa: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.6.5. Coil Coatings Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.6.5.2. Saudi Arabia: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.6.5.3. Saudi Arabia: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.6.5.4. Saudi Arabia: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.6.6. Coil Coatings Market - South Africa
- 9.6.6.1. South Africa: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.6.6.2. South Africa: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.6.6.3. South Africa: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.6.6.4. South Africa: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.6.7. Coil Coatings Market - Israel
- 9.6.7.1. Israel: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.6.7.2. Israel: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.6.7.3. Israel: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.6.7.4. Israel: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.6.8. Coil Coatings Market - UAE
- 9.6.8.1. UAE: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.6.8.2. UAE: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.6.8.3. UAE: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.6.8.4. UAE: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.7. Coil Coatings Market - Latin America
- 9.7.1. Latin America: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.7.2. Latin America: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.7.3. Latin America: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.7.4. Latin America: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.7.5. Coil Coatings Market - Mexico
- 9.7.5.1. Mexico: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.7.5.2. Mexico: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.7.5.3. Mexico: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.7.5.4. Mexico: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.7.6. Coil Coatings Market - Brazil
- 9.7.6.1. Brazil: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.7.6.2. Brazil: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.7.6.3. Brazil: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.7.6.4. Brazil: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
- 9.7.7. Coil Coatings Market - Argentina
- 9.7.7.1. Argentina: Coil Coatings Market, by Material Type, 2019-2032 (USD Billion)
- 9.7.7.2. Argentina: Coil Coatings Market, by Product Type, 2019-2032 (USD Billion)
- 9.7.7.3. Argentina: Coil Coatings Market, by Application, 2019-2032 (USD Billion)
- 9.7.7.4. Argentina: Coil Coatings Market, by End-use, 2019-2032 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Akzo Nobel N.V.
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. ALCEA
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. Axalta Coating Systems
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Becker Group
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. Dura Coat Products Inc.
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Eastman Chemical Corporation
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Henkel AG & Co. KGaA
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Huehoco GmbH
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Jotun Group
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. Kansal Paint Co. Ltd.
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Nipsea Group
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development
- 11.12. Noroo Coil Coatings
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Benchmarking
- 11.12.4. Recent Development
- 11.13. PPG Industries
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Benchmarking
- 11.13.4. Recent Development
- 11.14. The Chemours Company
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Benchmarking
- 11.14.4. Recent Development
- 11.15. The Valspar Corporation
- 11.15.1. Company Overview
- 11.15.2. Financial Performance
- 11.15.3. Product Benchmarking
- 11.15.4. Recent Development
- 11.16. Titan Coatings Inc.
- 11.16.1. Company Overview
- 11.16.2. Financial Performance
- 11.16.3. Product Benchmarking
- 11.16.4. Recent Development