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Coil Coatings Market - Share, Size & Manufacturers
Coil Coatings Market
As per the report, the coil coatings market size has grown strongly in recent years. It will grow from $5.4 billion in 2023 to $5.71 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The coil coatings market size is expected to see strong growth in the next few years. It will grow to $7.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
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Building And Construction Boom Fuels Growth In Coil Coatings Market
The rising demand for coil coatings from the building and construction industry is expected to propel the growth of the coil coatings market in the coming years. Building and construction is the process of constructing homes, public buildings, and industrial facilities. Coil coatings are used to offer protective coatings and sealants that are applied to various surfaces to improve their looks, corrosion resistance, adhesion, and scratch resistance. For instance, in December 2021, Ternium USA Inc., a US-based steel manufacturing company invested $98 million in the expansion of the Shreveport facility to enhance steel and coating production in response to increased demand from the construction industry. Therefore, the increasing demand for coil coating from the construction industry drives the growth of the coil coatings market.
Innovative Products Transforming The Coil Coatings Landscape
Product innovation is a key trend gaining popularity in the coil coatings market. Major companies operating in the coil coating market are focused on developing new technologies to provide protective coatings and sealants applied to various surfaces to enhance surface properties, as well as appearance, corrosion, adhesion, and scratch resistance. For instance, in March 2021, Akzo Nobel A.V., a US-based company operating in coil coatings launched TRINAR TC (Tough Coat), a new PFOA-free PVDF coil coating system that combines exceptional 70% PVDF performance with increased durability and simplicity of use. This TRINAR coating technology provides stain, abrasion, and scratch resistance to surfaces in the building & construction industry.
The coil coatings market covered in this report is segmented -
1) By Type: Polyester, Fluoropolymer, Siliconized Polyester, Polyvinylidene Difluoride (PVDF), Polyurethane (PU), Plastisols, Other Types
2) By Application: Steel, Aluminum
3) By Industry: Construction, Automotive, Industrial and Domestic Appliances, Other Industries
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Major companies operating in the coil coatings market report are BASF SE, ArcelorMittal SA, Bayer AG, The Sherwin-Williams Company, Covestro AG, PPG Industries Inc., DuPont de Nemours Inc., Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., Fujian New Shiying Paint Co. Ltd., Wacker Chemie AG, The Chemours Company, RPM International, Cornerstone Building Brands, Metal Coaters System, NipseA Group, Axalta Coatings System LLC, Valspar Corporation, Jotun Group, Evonik Industries AG, Hempel A/S, NOROO Coil Coatings Co. Ltd., Brillux GmbH & Co. KG, Beckers Group, Yung Chi Paint & Varnish Mfg Co. Ltd., CENTRIA Inc., Recubrimientos Plasticos S.A., Titan Coatings Inc., BDM Coil Coaters, Teknos Group Oy, Henkel AG & Company, Kansai Nerolac Paints Limited
Contents of the report:
1. Executive Summary
2. Coil Coatings Market Report Structure
3. Coil Coatings Market Trends And Strategies
4. Coil Coatings Market - Macro Economic Scenario
5. Coil Coatings Market Size And Growth
…..
27. Coil Coatings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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