Press release
Prominent Coil Coatings Market Trend for 2025: Innovative Products Transforming The Coil Coatings Landscape
Coil Coatings
The anticipated growth of the coil coatings market in the forthcoming years is largely a result of the increasing demand emanating from the building and construction industry. The establishment of residential areas, public buildings, and industrial premises falls under building and construction. Coil coatings are utilized to provide sealants and protective coatings which not only enhance the aesthetics of various surfaces but also increase their corrosion and scratch resistance, as well as adhesion. As indicated by the Australian Bureau of Statistics, a government body based in Australia, in the first financial quarter of 2023, there was a surge in the number of dwellings in construction, reaching 240,813 from 240,065 in 2022. In this figure, the number of newly constructed houses in 2023 accounted for a total of 103,778, a rise from the previous year's figure of 101,240. As a result of this increased demand for coil coatings in the construction sector, the market can expect further expansion.
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What Is the projected market size and growth rate for the coil coatings market?
In recent times, there has been a robust growth in the size of the coil coatings market. Projections indicate that there will be an increase from $5.63 billion in 2024 to $5.94 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%. This growth observed in the historic phase is a result of factors such as the development of specialized coatings, trends in customization and color, heightened attention towards durability and performance, progress in the application methodologies, and market infiltration in the construction sector.
The market size of coil coatings is projected to experience significant expansion in the upcoming years. It is forecasted to reach $7.82 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecasted period is due to increasing demand for energy-efficient coatings, a shift towards long-lasting and durable coatings, rising adoption in the automobile industry, growth in the construction and architectural sectors, as well as customization and color variety. Key future trends include market growth in emerging economies, environmental mandates and sustainability efforts, advances in coating formula technologies, innovation in architectural design, and a move towards high-performance coatings.
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What are the most significant trends transforming the coil coatings market today?
Key players in the coil coatings market are investing in the development of novel products to stay competitive, with a particular focus on energy-curable coatings. These types of coatings rapidly solidify upon exposure to energy sources like ultraviolet (UV) light or electron beams (EB), thereby providing a robust, durable finish without relying on solvents or high-temperature drying methods. For example, in July 2024, the US-based paint, coating, and adhesive manufacturer, PPG, introduced the PPG DuraNEXT line. This line consists of electron-beam (EB) and ultraviolet (UV) curable backers, basecoats, primers, and clearcoats, promising metal coil coaters improved energy efficiency and quicker curing times. PPG DuraNEXT coatings use electron beam or ultraviolet energy to convert a liquid coating into a fully cured solid finish within seconds, with only a slight reduction in thickness or weight.
What major market segments define the scope and growth of the coil coatings market?
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
Subsegments:
1) By Polyester: Standard Polyester, High-Performance Polyester
2) By Fluoropolymer: Polyvinylidene Difluoride (PVDF), Other Fluoropolymers
3) By Siliconized Polyester: Standard Siliconized Polyester, High-Performance Siliconized Polyester
4) By Polyvinylidene Difluoride (PVDF): Standard PVDF, Modified PVDF
5) By Polyurethane (PU): Aliphatic Polyurethane, Aromatic Polyurethane
6) By Plastisols: PVC Plastisols, Other Plastisols
7) By Other Types: Acrylic Coatings, Epoxy Coatings, Specialty Coatings
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Which region dominates the coil coatings market?
Asia-Pacific was the largest region in the coil coating market in 2024. The regions covered in the coil coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the coil coatings industry growth?
Major companies operating in the coil coatings market include 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
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What Is Covered In The Coil Coatings Global Market Report?
• Market Size Forecast: Examine the coil coatings market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the coil coatings market for a structured understanding.
• Key Players Overview: Analyze major players in the coil coatings market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the coil coatings market.
• Segment Contributions: Evaluate how different segments drive overall growth in the coil coatings market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the coil coatings market.
• Industry Challenges: Identify potential risks and obstacles affecting the coil coatings market.
• Competitive Landscape: Review strategic developments in the coil coatings market, including expansions, agreements, and new product launches.
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