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    Coil Coatings Market Analysis

    Coil Coatings Market Analysis
    Report code - SRAM696 Delivery - 2 Weeks
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    Coil Coatings Market Size, Share, Trend, Forecast & Industry Analysis: 2022-2028
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    Market Insights

    The Coil Coatings Market was estimated at USD 5.32 Billion in 2021 and is likely to grow at a CAGR of 5.89 % from 2022-2028 to reach USD 7.98 Billion in 2028.

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    There has been a high demand for coatings in the construction of buildings, automotive, and consumer appliances, among other end-use applications. In addition, coil coatings have several advantages including flexibility, stain resistance, corrosion resistance, and hardness, which have boosted their demand, in general.

    Coil coating has good adhesion attributes along with being eco-friendly in nature, it has become an integral part of many end-use industries. These coatings are also used in the construction of downspouts and gutters, so as to help collect rainwater.

    What are coil coatings?

    Coil coating is a continuous and automated industrial process, which majorly helps in efficiently coating metal coils. The coil coatings work on an effective and simple principle, which includes pretreating, cleaning, and coating flat coils or sheets of aluminum/steel.

    Drivers

    • Growth drivers of the coil coatings market, which are the increasing demand from downstream industries.
    • Surging competition among the major coil coating manufacturers.
    • Rapidly growing construction and automotive industries.
    • Excellent product quality, and compliance with the environment.

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    Key Players

    Some of the key players in the market are-

    • Akzo Nobel N.V.
    • Arkema
    • Axalta Coating Systems, LLC
    • BASF SE
    • Beckers Group
    • Henkel AG & Co. KGaA
    • PPG Industries, Inc.
    • Solvay
    • The Sherwin-Williams Company
    • Wacker Chemie AG

    Segment Analysis

    By Product Type

    The market is segmented into polyester, silicone-modified polyester [SMP], polyvinylidene fluorides [PVDF], polyurethane [PU], plastisols, and others. Among these product types, polyester is estimated to account for a high market share, during the forecast period.

    As a result of its superior properties, polyester coil coating helps in providing exceptional resistance to weather conditions and corrosion. Also, the low cost of polyester, which results in increasing its applications across the end-use industries, is expected to boost the market for polyester coil coatings.

    Moreover, polyester helps in providing superb flow characteristics to an extensive range of temperatures and is very much suitable for external applications such as doors and residential rooftops. Therefore, there is a significantly high demand for polyester coil coatings currently.

    By Application Type

    The market is segmented into construction, automotive, appliances, and others. Among these applications, the construction application is expected to gain the maximum traction in the market over the forecast period.

    There has been a significant expenditure in the construction industry, worldwide, which is one of the largest end-use industries for coil coatings. As a result of the increasing infrastructure developments and rapid industrialization across the globe, it is anticipated that the global coil coatings market would witness steady growth.

    By Region

    The market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Among these regions, Asia Pacific is expected to be dominant throughout the forecast period. The market growth in this region is majorly attributed to the presence of a large number of coil-coating manufacturing companies and a wide range of end-use industries.

    The automotive industry is growing in the region, which has significantly escalated the overall market demand. Countries such as India, Malaysia, Japan, and Indonesia have witnessed a steady increase in vehicle production, as per the International Organization of Motor Vehicle Manufacturers (OICA). Furthermore, there has been a surge in construction activities and infrastructure development in the region, especially in China and India, which would induce a high growth potential in the overall market landscape of the Asia Pacific region.

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    Segmentation

    The report provides detailed insights, to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    Report – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

    The market is segmented into the following categories. 

    By Product Type:

    • Polyester 
    • Silicone Modified Polyester [SMP] 
    • Polyvinylidene Fluorides [PVDF] 
    • Polyurethane [PU])
    • Plastisols
    • Others 

    By Application Type:

    • Construction 
    • Automotive 
    • Appliances 
    • Others

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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    Research Methodology

    • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
    • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
    • We conducted more than 10 detailed primary interviews with companies across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

    The following are the key features of the report:

    • Overview, industry life cycle analysis, supply chain analysis
    • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Trend and forecast analysis
    • Segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
    • Attractive segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Coil Coatings Market Features

    Market Size in 2028

    USD 7.98 billion

    Market Size in 2021

    USD 5.32 billion

    Market Growth (2022-2028)

    5.89 %CAGR

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

    Segments Covered

    By Product Type (Polyester, Silicone Modified Polyester [SMP], Polyvinylidene Fluorides [PVDF], Polyurethane [PU], Plastisols, and Others),

     

    By Application Type (Construction, Automotive, Appliances, and Others),

     

    By Region (North America, Europe, Asia-Pacific, and Rest of the World).

    Top Companies in 2022

    • Akzo Nobel N.V.
    • Arkema
    • Axalta Coating Systems, LLC
    • BASF SE
    • Beckers Group
    • Henkel AG & Co. KGaA
    • PPG Industries, Inc.
    • Solvay
    • The Sherwin-Williams Company
    • Wacker Chemie AG.

    Dominant Region

    Asia Pacific is expected to be dominant throughout the forecast period.

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the application types by product type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    Coil coating is a continuous and automated industrial process, which majorly helps in efficiently coating metal coils. The coil coatings work on an effective and simple principle, which includes pretreating, cleaning, and coating flat coils or sheets of aluminum/steel.

    Akzo Nobel N.V., Arkema, Axalta Coating Systems, LLC, BASF SE, Beckers Group, Henkel AG & Co. KGaA, PPG Industries, Inc., Solvay, The Sherwin-Williams Company, and Wacker Chemie AG are among the key players in the market.

    Asia-pacific is expected to remain dominant in the market during the forecast period.

    The construction application is expected to gain the maximum traction in the market in the coming years.

    Polyester is expected to account for the highest share of the market over the next five years.

    The Market is likely to grow at a CAGR of 5.89 % from 2022-2028.

    The Market was estimated at USD 5.32 Billion in 2021 and is likely to reach USD 7.98 Billion in 2028.

    The study period of this market report is 2016-28.

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