Press release
Coil Coatings Market Surge in Demand from Automotive Industry to Boost USD 6.19 billion Growth Forecast to 2029
Coil Coatings Market
Research report on the Coil Coatings market allows buyers to deliver unique solutions to various end users and improve their business presence in the industry. The report is introduced with accurate statistics regarding market share, size, and growth rate for the buyers to focus on their operations and achieve various goals smoothly. Numerous driving factors, restraints, opportunities, and threats affecting the Coil Coatings market growth is described in the study for the strategy planners to plan policies pertaining to production volume, delivery of services, making connections, and creating awareness in the minds of consumers.
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Market Dynamics
► Increase in Demand from Automobile Sector to Propel Coil Coatings Market
The automobile industry is growing at a moderate pace. According to the International Organization of Motor Vehicles Manufacturers (OICA), around 91 million vehicles were produced in 2018. Rise in the production of motor vehicles is likely to boost the use of metal and consequently, fuel the demand for coil coatings across the globe.
► Extensive Demand for Coil Coatings in Construction Applications to Drive Global Market
Based on application, the construction segment dominated the global coil coatings market and held nearly 70% share in 2021. Furthermore, the segment is expected to grow at a moderate during the forecast period. Coil coatings are widely utilized in the construction industry. In construction, coil coatings are used in roofing, aluminum panels, steel doors, lamination bonding for metal, and rubber or vinyl.
► Beneficial Properties of Polyvinylidene Fluoride Coatings to Boost Demand
In terms of product, the global coil coatings market has been classified into polyester coil coatings, silicone modified polyester coil coatings, polyvinylidene fluoride coil coatings, polyurethane coil coatings, plastisol coil coatings, and others. The polyvinylidene fluoride segment accounted for a key share of 64.2% of the global market in 2021. The segment is estimated to grow at a CAGR of 6.6% during the forecast period.
Prominent Key players of the Coil Coatings Market survey report:
Historical data available in the report elaborates on the development of the Coil Coatings on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market 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.
Key Developments
On April 11, 2022, BlueScope acquired Cornerstone Building Brands, Inc. for US$ 500 Mn. The acquisition aims to increase production capacity and the company's investment in North America.
On May 13, 2022, AZZ Inc. acquired Precoat Metals business division of Sequa Corp. Precoat engages in the advanced application of protective & decorative coatings and related value-added services for steel and aluminum coils, which primarily cater to construction; appliance; heating, ventilation and air conditioning (HVAC); container; transportation, and other end markets.
In June 2022, AkzoNobel entered into an agreement with Kansai Paint to acquire its paints and coatings activities in North America. Completion, which is subject to regulatory approvals, is expected during the course of 2023.
Coil Coatings Market Segmentation:
Coil Coatings Market By Product, 2023-2029, (USD Million) (Kilotons)
» Polyester
» Silicone Modified Polyester [SMP]
» Polyvinylidene Fluorides [PVDF]
» Polyurethane [PU]
» Plastisol
Coil Coatings Market By End User Industry, 2023-2029, (USD Million) (Kilotons)
» Construction
» Automotive
» Appliances
The regional outlook by revenue covers the countries namely:
✦ North America (United States, Canada and Mexico)
✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
✦ South America (Brazil, Argentina, Colombia, and Rest of South America)
✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Read Full Report with TOC:
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Key Features of the Coil Coatings Market Report: -
⇨ Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.
⇨ Examine the market opportunities for stakeholders by identifying higher growth sections.
⇨ To study and analyse the global Coil Coatings industry status and forecast including key regions.
⇨ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
⇨ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
⇨ It helps you make strategic business decisions and investment plans.
Competitive Landscape
Competition has been growing for the Coil Coatings industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.
Highlight the Following Key Factors:
► Business Description: a particular description of agency operations and enterprise departments.
► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.
► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.
► Company History: The development of predominant occasions associated to the company.
► Main merchandise and services: A listing of the company's fundamental products, services, and brands.
► Main Competitors: A listing of the company's fundamental competitors.
► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.
► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
Table of Contents
Global Coil Coatings Market Research Report 2023-2029
1 Coil Coatings Market Overview
1.1 Product Overview and Scope of Coil Coatings
1.2 Coil Coatings Segment by Type (Product Category)
1.3 Global Coil Coatings market Segment by Application
1.4 Global Coil Coatings Market by Region (2023-2029)
1.4.1 Global Coil Coatings Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)
1.4.2 North America Status and Prospect (2023-2029
1.4.3 Europe Status and Prospect (2023-2029)
1.4.4 China Status and Prospect (2023-2029)
1.4.5 Japan Status and Prospect (2023-2029)
1.4.6 Southeast Asia Status and Prospect (2023-2029)
1.4.7 India Status and Prospect (2023-2029)
1.5 Global Market Size (Value) of Coil Coatings (2023-2029)
1.5.1 Global Coil Coatings Revenue Status and Outlook (2023-2029)
1.5.2 Global Coil Coatings Capacity, Production Status and Outlook (2023-2029)
…
Why Choose Coil Coatings Market Report?
✔ Unbiased conclusions and market insights
✔ 24×7 customer service available to address client queries
✔ Highly efficient and experienced team of analysts striving to create top-quality reports
✔ Our reports have facilitated the growth of over 500 companies
✔ The systematic and methodical market research process
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