Market Trends of Europe Coil Coatings Industry
This section covers the major market trends shaping the Europe Coil Coatings Market according to our research experts:
Rising Demand from the Building and Construction Industry
- The building and construction industry are 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 Europe home. Its superior properties like capability to be molded into any shape, excellent resistance aiding superior longevity, infinite aesthetic color and texture options, and environmental benefits make it a perfect option for both interior and exterior construction applications.
- With the consistent economic growth in the European countries, such as Germany, United Kingdom, France, Italy, and Spain, the demand for construction of new buildings, both commercial and residential, is consistently increasing, which, in turn, is increasing the demand for coil coating in the European region.
- Furthermore, these coatings are also used in making gutters and downspouts, as a part of rainwater collection installations. Another rising use of coil coating is for various leaf and debris prevention systems, which have recently been introduced to the market.
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Germany to Dominate the Market
- Germany had the largest market for coil coatings in Europe, which is expected to increase during the forecast period. Germany has the largest construction industry in Europe.
- According to industry experts, the demand for new houses is estimated to be around 350,000 per year until 2020, which is expected to boost the construction sector.
- The non-residential and commercial buildings in the country are expected to witness significant growth prospects in the coming years. The growth is supported by lower interest rates, an increase in real disposable incomes, and numerous investments by the EU and the German governments.
- The short-term and mid-term outlook for the German construction market forecasts a strong demand for infrastructure and housing investments. The construction sector in the country shows a high degree of capacity utilization, with increased competition for sub-suppliers and faces workforce shortness.
- Currently, apart from the few very large constructions groups, internationalization does not seem to be a major driver, as most players show a quite high degree of capacity utilization resulting from domestic demand.
- The factors are estimated to boost the demand for coil coatings in Germany during the forecast period.
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