Registering a CAGR of 5.4% over the forecast period, the market value of Coil Coating is expected to reach US$ 4,405.70 million in the year 2027.
Coil coating is an automated and continuous industrial process that coats metal coils effectively. The coatings operate on a simple but effective principle of cleaning, pre-treating, and coating flat coils or steel or aluminum sheets. Cleaning, conversion treatment, drying, primer coating, top coating, and foil lamination are all part of the process. In the coatings industry, a variety of formulations are used; however, the most common formulations are polyester, polyflourocarbons, alkyds acrylics, plastisol, and so on.
With rising construction activity in emerging and developed economies, the size of the coil coatings industry is expected to grow significantly. Infrastructure is critical to encouraging growth and improving connectivity. Continuous construction spending in Asian countries such as China and India will boost product demand due to rapid industrialization and urbanization. The region accounts for roughly half of global capital spending because China and India provide a large consumer base as well as low-wage labor, attracting multiple construction industry players in the region.
The rapid expansion of the construction industry as a result of rising disposable income and increased government investment in public infrastructure is expected to drive sales. The increasing use of coil coating paint in pre-coated products or metals used in building wall cladding and roofing will continue to drive the market. The automotive industry is also expected to accelerate market growth. Color coated coils are widely used by automakers because they provide a consistent and high-quality finish to metals at a reasonable cost.
The report aspects discussed the profile of the top manufacturers of the global Coil Coating market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined the Coil Coating Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
The global Coil Coating includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Akzo Nobel N.V. (AMS: AKZA), The Chemours Company (NYSE: CC), Axalta Coating Systems (NYSE: AXTA), PPG Industries (NYSE: PPG), Becker Group, The Valspar Corporation, Henkel AG & Co. KGaA (ETR: HEN3), Kansai Paint Co. Ltd., Eastman Chemical Company (NYSE: EMN), Noroo Coil Coatings, ALCEA, Dura Coat Products, Inc., Italcoat S.r.l., Huehoco GmbH, Jotun Group, Titan Coatings, Inc., Chemetall Group, Recubrimientos Plasticos SA, ARCEO Engineering, Nipsea Group (Nippon Paint) and others.
Modine To Demonstrate New Coating Products at Ahr Expo
Jan. 19, 2022 –Modine Coatings, a division of Modine Manufacturing Company (NYSE: MOD), a leader in corrosion resistant coatings technology in the HVAC industry, will showcase their innovative GulfCoatTM technology from January 31 to February 2 at the AHR Expo. Modine, best known for their ElectroFin® E-Coat and Insitu® Spray Applied Coatings, will debut GulfCoatTM AM anti-microbial and GulfCoatTM Circuit Shield products at booth C3524.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
The Asia-Pacific region controlled the majority of the global market. Coil coatings are used in the building and construction industry for their high-end aesthetics and long-lasting value, such as ceiling grids, doors, roofing and siding, windows, and so on. As the construction industry expands, the market for coil coatings may expand as well. Asia-Pacific has the world's largest construction market, led by India, China, and various Southeast Asian countries.
Foreign investors have shown a strong interest in India's infrastructure sector. Altico Capital, Clearwater Capital Partners LLC's non-banking finance company, has expressed interest in investing around USD 150 million over the next year and a half to develop commercial office properties and improve the infrastructure sector. The Asian Development Bank has approved a USD 631 million loan for the development of the Vishakhapatnam-Chennai industrial corridor. PTC India Financial Services (PFS) and India Infrastructure Finance Company Limited (IIFCL) have formed a partnership to fund infrastructure projects in India. These are just a few of the investments that the country is expected to make in the coming years.
The Coil Coating Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Coil Coating Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Coil Coating Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Coil Coating Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Coil Coating Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Akzo Nobel N.V. (AMS: AKZA), The Chemours Company (NYSE: CC), Axalta Coating Systems (NYSE: AXTA), PPG Industries (NYSE: PPG) |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.4% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Akzo Nobel N.V., The Chemours Company, Axalta Coating Systems, PPG Industries, Becker Group, The Valspar Corporation, Henkel AG & Co. KGaA, Kansai Paint Co. Ltd., Eastman Chemical Company, Noroo Coil Coatings, ALCEA, Dura Coat Products, Inc., Italcoat S.r.l., Huehoco GmbH, Jotun Group, Titan Coatings, Inc., Chemetall Group, Recubrimientos Plasticos SA, ARCEO Engineering, Nipsea Group (Nippon Paint) |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 112 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Coil Coating Market is studied from 2017 - 2027.
What is the growth rate of the Coil Coating Market?
The Coil Coating Market is growing at a CAGR of 5.4% over the next 5 years.
Who are the key players in Coil Coating Market?
Akzo Nobel N.V., The Chemours Company, Axalta Coating Systems, PPG Industries, Becker Group, The Valspar Corporation, Henkel AG & Co. KGaA, Kansai Paint Co. Ltd., Eastman Chemical Company, Noroo Coil Coatings, ALCEA, Dura Coat Products, Inc., Italcoat S.r.l., Huehoco GmbH, Jotun Group, Titan Coatings, Inc., Chemetall Group, Recubrimientos Plasticos SA, ARCEO Engineering, Nipsea Group (Nippon Paint)
What regions does this Coil Coating Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Coil Coating Market?
Polyester, Polyvinylidene Fluorides (PVDF), Polyurethane (PU), Plastisols, Other Resin Types
What are the major end-use applications of Coil Coating Market?
Building and Construction, Industrial and Domestic Appliances, Transportation, Furniture, Other
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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MARKET ENGINEERING
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REPORT WRITING/ PRESENTATION
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