Coil Coatings Market to Hit USD 6.19 billion, Trends, Growth Statistics, Competitive Analysis, Top Key Players and Forecast 2029

Coil Coatings Market Overview:

Coil coating is an automated and continuous industrial process for effectively coating metal coils. The coatings work on a simple but effective principle that includes cleaning, pretreating and coating flat coils or steel or aluminum sheets. The process covers cleaning, conversion treatment, drying, primer coating, top coating and foil lamination. A variety of formulations are used in the coatings industry; however, the most prevalent formulations are polyester, polyflourocarbons, alkyds acrylics, plastisol, etc.

The global Coil Coatings market is expected to register a significant CAGR 4.28% during the forecast period 2022-2029.

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Rapid expansion of the construction industry owing to the rising disposable income and increasing government investment in public infrastructure are set to propel the sales. Increasing usage of coil coating paint in pre-coated products or metals used in wall cladding and roofing of buildings will continue driving the market.

Coil Coatings Market Key Players

The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Sherwin-William, Akzo Nobel N.V., Wacker Chemie AG., PPG Industries Inc, Beckers Group, Dura Coat Products, Inc, Henkel AG & Co. KGaA, Kansai Paint Co. Ltd, Bulk Chemicals Incorporated and Nippon Paint Co. Ltd and Others

Recent Development

In January 2022, Modine Coatings, a leading manufacturer of commercial and industrial HVAC coatings based in the U.S., announced its plan to exhibit its novel GulfCoat technology at the AHR Expo. The company will debut GulfCoat Circuit Shield and GulfCoat AM anti-microbial products at the event. GulfCoat AM uses silver ions from the Agion compound to prevent the growth of fungi, molds, and bacteria. GulfCoat Circuit Shield, on the other hand, is capable of protecting circuit boards that are used in outdoor environments.
In December 2021, Ternium USA, a manufacturer of high-quality steel products headquartered in Shreveport, declared that it will invest US$ 98 million to broaden its facility at the Port of Caddo-Bossier, Louisiana. It will add a second line of coil coating paint to surge the annual production capacity to 120,000 st/year. Construction of the new facility is set to begin in the first quarter of 2022 and operations are likely to start by mid-2024.

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Coil Coatings Market Segmentation:

Coil Coatings Market By Product, 2020-2029, (USD Million) (Kilotons)

Polyester
Silicone Modified Polyester [SMP]
Polyvinylidene Fluorides [PVDF]
Polyurethane [PU]
Plastisol

Coil Coatings Market By End User Industry, 2020-2029, (USD Million) (Kilotons)

Construction
Automotive
Appliances

Growth Factors:

Increasing demand from the Coil Coatings industries
The growing use of Coil Coatings in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Coil Coatings Market

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Coil Coatings Market Regional Analysis

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering

North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Coil Coatings Market Trends

- The report identifies, determines, and forecasts the Global Coil Coatings Market segments based on their type, sub-type, technology used, applications, end-users, and regions.

- Industry to Industry Holds Largest Share in the Coil Coatings Market

- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.

- Demand from Regional / geographical is expected to drive the Growth

- Rising Adoption of Market Segments in the Coil Coatings Growth

- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Coil Coatings Market.

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