North America Coil Coatings Market - Growth, Trends, and Forecast (2019 – 2024)

The Market is segmented by Resin Type (Polyester, Polyvinylidene Fluorides, Polyurethane, Plastisols, and Other Resin Types), End-user Industry (Building and Construction, Industrial and Domestic Appliances, Transportation, Furniture, HVAC, and Other End-user Industries), and Geography.

Market Snapshot

CAGR (new format)
Study Period:

2016-2024

Base Year:

2018

Key Players:

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Market Overview

The North America coil coatings market is expected to register a CAGR of more than 6% during the forecast period. Coil coatings find their application in the manufacturing of typical components, such as sheet and panels for containers, caravan and interior, insulated boxes, trailer bodies, roads, and railway coaches.

  • Rising construction activities across North America is augmenting the growth of the market.
  • Increasing demand for lightweight materials in the automobile industry is likely to hinder the market growth.
  • Increasing demand for fluoropolymer coatings for architectural applications is projected to act as an opportunity for the market in the future.

 

Scope of the Report

The North America 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
HVAC
Other End-user Industries
Geography
United States
Canada
Mexico
Rest of North America

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Key Market Trends

Increasing Demand from Building & Construction Industry

  • The increasing demand of coil coatings is primarily due to its extensive use as coated material in end-user industries, such as construction, rapid industry development, urbanization, increase in per capita income, along with rise in consumer spending.
  • Wood panels, roofs, metal sheets are some of the products, which are using in coating material for construction industry. These products are also providing artistic appeal to commercial and residential buildings. Additionally, rising non-residential construction activities, including commercial building, manufacturing industries, and factories, have activated the demand for coil coatings to sustain in harsh weather conditions.
  • Coil coating is basically a multi-layer coating of pigments, resins, and primers that are used to coat metal sheets, such as aluminum and steel. They are used to protect the material against harsh environmental conditions and also for providing corrosion resistance.
  • The US construction industry is among the world’s largest, with annual expenditures worth USD 1,231 billion. New construction projects are taking place all over the country.
  • The US construction industry continued to expand in the year 2018, owing to a strong economy and positive market fundamentals for commercial real estate, along with an increase in federal and state funding for public works and institutional buildings.
  • Construction industry in Canada is on an upswing, due to housing boom. A population increase is due to an influx of people from other provinces, which led to rising demand for housing, which in turn, fuelled a flurry of construction.
  • As the infrastructure is expected to grow in North America, the use of coil coatings in construction industry is also likely to increase, thus driving the market during the forecast period.
segmentation (new format)

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Canada Country to dominate the Market Growth

  • Canada’s construction industry is the second-largest in the North American region, and it is expected to grow at a decent pace, owing to the significant growth from commercial and residential construction. This is majorly driven by the growing government initiatives and rising immigration into the country. The growing construction market is expected to drive the demand for coil coatings market.
  • Construction in Canada is a strong indicator of the country's economic strength. Toronto and Montreal were the main centers of construction activity, which accounted for almost 25% of the total construction activities in the year 2018.
  • The government is planning to invest in public and renewable energy infrastructure through Affordable Housing Initiative (AHI), Made in Canada, and New Building Canada Plan (NBCP), among others. This is expected to support the country’s growth in the near future.
  • Government of Canada has announced its intention to invest about USD 120 billion for such development. These developments in residential construction activity are expected to drive the market for coil coatings at a higher rate, during the forecast period.
  • The usage of coil coatings in the country has increased rapidly over the past few years. Hence, with the rapid increase in growth of end-user industries, the demand for coil coatings is also expected to grow rapidly over the forecast period of 2019-2024.
regional (new format)

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Competitive Landscape

The North America coil coatings market is expected to be fragmented in nature, with the many players occupying a good position in the market. Key players in the North America coil coatings market include AkzoNobel NV, Beckers group, The Sherwin-Williams Company, and PPG Industries, among others.

Major Players

  1. AkzoNobel NV
  2. Beckers group
  3. The Sherwin-Williams Company
  4. PPG Industries

* Complete list of players covered available in the table of contents below

market concentration (new format)

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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 Construction Activities Across North America

      2. 4.1.2 Stringent Environmental Regulations for Conventional Products

    2. 4.2 Restraints

      1. 4.2.1 Increasing Demand for Light Weight Materials in the Automobile Industry

      2. 4.2.2 Other Restraints

    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. 4.5 Import-Export Trends

  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 HVAC

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 United States

      2. 5.3.2 Canada

      3. 5.3.3 Mexico

      4. 5.3.4 Rest of North America

  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 Tata Steel

        13. 6.4.1.13 Tekno

        14. 6.4.1.14 thyssenkrupp AG

        15. 6.4.1.15 United States Steel

      2. 6.4.2 Paint Suppliers

        1. 6.4.2.1 AkzoNobel NV

        2. 6.4.2.2 Axalta Coatings Systems

        3. 6.4.2.3 Beckers group

        4. 6.4.2.4 KANSAI PAINT CO., LTD

        5. 6.4.2.5 PPG Industries

        6. 6.4.2.6 Nippon Paint (USA) Inc.

        7. 6.4.2.7 Hempel

      3. 6.4.3 Pretreatment, Resins, Pigments, Equipment

        1. 6.4.3.1 Wacker Chemie AG

        2. 6.4.3.2 Arkema Group

        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

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Demand for Fluoropolymer Coatings for Architectural Applications

    2. 7.2 Other Opportunities

**Subject to Availability

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