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Coil Coatings Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Resin Type (Polyester, Polyvinylidene Fluorides (PVDF), Polyurethane (PU), Plastisols, and Other Resin Types), End-user Industry (Building and Construction, Industrial and Domestic Appliances, Transportation, Furniture, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

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Market Snapshot

modular construction market
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

>5 %

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Market Overview

The market for coil coatings is expected to register a CAGR of over 5%, during the forecast period. One of the major factors driving the market studied is the rising demand from the building and construction industry in the emerging economies of Asia-Pacific. However, increasing demand for lightweight materials in the automobile industry is expected to hinder the growth of the market studied.

  • The polyester segment dominated the market and is expected to grow during the forecast period, as it is one of the most widely used products in the industry since it offers excellent corrosion and weather resistance to the coated material in most conditions.
  • Increasing demand for fluoropolymer coatings for architectural applications is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India.

Scope of the Report

The coil coatings market report includes:

Resin Type
Polyester
Polyvinylidene Fluorides (PVDF)
Polyurethane(PU)
Plastisols
Other Resin Types
End-user Industry
Building and Construction
Industrial and Domestic Appliances
Transportation
Furniture
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Rising Demand from the Building and Construction Industry

  • The building and construction industry is by far the largest consumer of coil coatings. The main resins, which are used extensively in construction, are a polyester resin, and silicone-modified polyester and polyvinylidene fluorides (PVDF) or fluoropolymer. With the rising number of building codes that promote energy-efficient structures, home builders and consumers are gradually moving toward building strategies that deliver performance and energy savings in the long run.
  • In addition to aesthetic look, durability, and functionality, coil coatings are known for their infrared-reflective pigment technology. This technology saves energy on cooling, by helping to ease the building’s interior temperature.
  • According to the Department of Energy, heating and cooling costs account for 48% of the energy use in a typical US household. Capability to be molded into almost any shape, excellent resistance, superior longevity, infinite aesthetic color and texture options, and environmental benefits make coil coatings a perfect option for both interior and exterior construction applications.
  • Furthermore, these coatings are also used in making gutters and downspouts, as a part of rainwater collection installations. Another rising use of coil coatings is for various leaf and debris prevention systems, which have recently been introduced to the market
Modular Construction Market Revenue

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Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the global market share. Coil coatings, due to their high-end aesthetics and long-lasting value, are used in the building and construction industry, in ceiling grids, doors, roofing and siding, windows, etc.
  • As the construction industry continues to grow, the market for coil coatings may also rise. Globally, Asia-Pacific has the largest construction market, which is led by India, China, and various Southeast Asian countries.
  • India has experienced significant interest from foreign investors in its infrastructural sector. Altico Capital, the non-banking finance company of Clearwater Capital Partners LLC, has expressed interest to invest around USD 150 million to develop commercial office properties and improve the infrastructure sector, over the next one and a half years. The Asian Development Bank approved a loan of USD 631 million to develop the Vishakhapatnam-Chennai industrial corridor. PTC India Financial Services (PFS) and India Infrastructure Finance Company Limited (IIFCL) entered into an agreement to provide funding for infrastructure projects in India. These are some of the few investments the country is expected to embark on, in the upcoming years.
  • Recently, China was suffering a slump in its construction industry. However, it is expected to recover in the next few years. According to the forecast of the Asian Development Bank (ADB), the country needs to spend USD 1.7 trillion, annually, until 2030, to meet its infrastructure needs.
  • All such factors are expected to increase the demand for coil coatings in the region.
Modular Construction Market Regional Trends

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Competitive Landscape

The coil coatings market is fragmented and dominated by very few players. Some of these major players include AkzoNobel, PPG Industries, Solvay SA, Beckers Group, and the Sherwin Williams Company.

modular construction market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Demand from the Building and Construction Industry

      2. 4.1.2 Stringent Environmental Regulations for Conventional Products

    2. 4.2 Restraints

      1. 4.2.1 Increasing Demand for Lightweight Materials in Automotive Industry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin Type

      1. 5.1.1 Polyester

      2. 5.1.2 Polyvinylidene Fluorides (PVDF)

      3. 5.1.3 Polyurethane(PU)

      4. 5.1.4 Plastisols

      5. 5.1.5 Other Resin Types

    2. 5.2 End-user Industry

      1. 5.2.1 Building and Construction

      2. 5.2.2 Industrial and Domestic Appliances

      3. 5.2.3 Transportation

      4. 5.2.4 Furniture

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Coil Coaters

        1. 6.4.1.1 ArcelorMittal

        2. 6.4.1.2 Arconic Inc.

        3. 6.4.1.3 BDM Coil Coaters

        4. 6.4.1.4 CENTRIA

        5. 6.4.1.5 Chemcoaters

        6. 6.4.1.6 Dura Coat Products

        7. 6.4.1.7 Goldin Metals Inc.

        8. 6.4.1.8 Jupiter Aluminum Corporation

        9. 6.4.1.9 Metal Coaters System

        10. 6.4.1.10 Norsk Hydro ASA

        11. 6.4.1.11 Novelis

        12. 6.4.1.12 Ralco Steels

        13. 6.4.1.13 Rautaruukki Corporation

        14. 6.4.1.14 Salzgitter Flachstahl GmbH

        15. 6.4.1.15 Tata Steel

        16. 6.4.1.16 Tekno

        17. 6.4.1.17 Thyssenkrupp

        18. 6.4.1.18 UNICOIL

        19. 6.4.1.19 United States Steel

      2. 6.4.2 Paint Suppliers

        1. 6.4.2.1 AkzoNobel N.V.

        2. 6.4.2.2 Axalta Coatings System LLC

        3. 6.4.2.3 Beckers

        4. 6.4.2.4 Kansai Paints

        5. 6.4.2.5 PPG Industries

        6. 6.4.2.6 The Sherwin-Williams Company

        7. 6.4.2.7 Yung Chi Paint & Varnish Mfg Co. Ltd

        8. 6.4.2.8 NOORO Coil Coatings Co. Ltd

        9. 6.4.2.9 Brillux GmbH & Co. KG

        10. 6.4.2.10 Hempel

        11. 6.4.2.11 Nippon Paint

      3. 6.4.3 Pretreatment, Resins, Pigments, Equipment

        1. 6.4.3.1 Wacker Chemie AG

        2. 6.4.3.2 Arkema

        3. 6.4.3.3 Bayer AG

        4. 6.4.3.4 Chemetall

        5. 6.4.3.5 Evonik Industries AG

        6. 6.4.3.6 Henkel AG & Co. KgaA

        7. 6.4.3.7 Solvay SA

        8. 6.4.3.8 Covestro AG

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Demand for Fluoropolymer Coatings for Architectural Applications

**Subject to Availability

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Frequently Asked Questions

The Coil Coatings Market market is studied from 2016 - 2026.

The Coil Coatings Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

  • AkzoNobel
  • PPG Industries
  • Axalta Coatings System LLC
  • Beckers Group
  • Sherwin Williams

Are the major companies operating in Coil Coatings Market.

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