The
global Coil Coatings Market is anticipated to reach USD 4390.9
million by 2030, exhibiting a CAGR of 4.0% during the forecast period,
according to a new report by Grand View Research, Inc. The growth is attributed
to the growing demand for these products from the construction industry, which
includes both residential and commercial sectors. Coil coatings are widely used
for roofing, cladding, and insulation of buildings, infrastructure, and
industrial facilities.
Polyester
resins are the most widely used in coil coating and typically do not contain
trifunctional hydroxyl building blocks but instead utilize diols such as
neopentyl glycol, propylene glycol, butane diol, or 1,6 hexane diol. The
diacids used in these resins can be a combination of linear aliphatic diacids
along with an aromatic diacid or their dianhydride. These resins are formulated
to be rapidly cured at high temperatures and are often crosslinked with an
aminoplast crosslinker such as melamine or blocked isocyanate.
Within
the automotive sector, coil coating on aluminum parts is pivotal for enhancing
the visual appeal and lifespan of vehicle components through superior corrosion
resistance and vibrant, enduring color finishes. This process, which applies
paint, anodizing, liquid, or powder coatings to precoated aluminum coils, is
critical for the durability and weather resistance of exterior panels, trim,
and structural elements. The automotive industry's move toward lighter
materials for better fuel efficiency has made aluminum and effective coating methods
increasingly important. Additionally, the rising demand for electric vehicles (EVs) is anticipated to propel the
demand for aluminum coil coating products.
The
overall market is expected to witness significant growth in emerging economies
such as India, China, and Indonesia. This growth is attributed to the boom in
the global construction industry and increasing demand for coil coatings from
durable goods, motor vehicles, and industrial maintenance applications. Asia is
expected to remain a prominent consumer and observe the fastest gains, in terms
of production, in the coming years. In addition, the increasing tariff on
heavy-duty equipment, automotive products, and other U.S.-originating goods is
expected to positively impact the market share of regional manufacturers and
raise the production of automotive OEMs (original equipment manufacturer) and
heavy-duty equipment, thereby, augmenting the demand for coil coatings in the
region.
List
of Key Players in the Coil Coatings Market
- PPG
Industries, Inc
- The
Sherwin-Williams Company
- Akzo Nobel
N.V.
- DuPont
- BASF SE
- Henkel AG
& Co. KGaA
- Kansai
Nerolac Paints Limited
- Axalta
Coating Systems
- Continental
Coatings
- JSW Paints
- Nippon Paints
Holdings Co., Ltd.
- Blygold
- HUEHOCO
Request a free sample copy or view report
summary: Coil Coatings Market Report
Coil
Coatings Market Report Highlights
- Plastisols
witnessed the fastest growth rate of more than 4.4%, owing to their
large-scale use due to their possession of notable strengths in terms of
abrasion resistance, flexibility, and ability to form thick films.
- Aluminum
witnessed the fastest CAGR of approximately 4.1% due to rising investment
in the construction industry which is expected to propel the demand for
aluminum coil coating.
- North America
region witnessed the fastest growth rate of 5.7% due to increasing demand
for aluminum and steel coils in different end-use industries in the
region.
- The stringent
regulations by the U.S. EPA, OSHA (Occupational Safety and Health
Administration), the European Union (EU), and other regional agencies
across the world are expected to restrain the growth of the market over
the forecast period.
Coil Coatings Market Report Scope
|
Report Attribute |
Details |
|
Market
size value in 2024 |
USD
3,477.1 million |
|
Revenue
forecast in 2030 |
USD
4,390.9 million |
|
Growth
rate |
CAGR of
4.0% from 2024 to 2030 |
|
Actual
data |
2018 -
2023 |
|
Forecast period |
2024 - 2030 |
Related
Press Release@ Coil Coatings Industry Analysis
Coil
Coatings Market Segmentation
Grand
View Research has segmented the global coil coatings market based on basis of
resin, application, end-use and region:
Coil
Coatings Resin Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
- Polyester
- Fluoropolymer
- Siliconized
Modified Polyesters (SMP)
- Plastisols
- Other Resins
Coil
Coatings Application Outlook (Volume, Kilotons, Revenue, USD Million, 2018 -
2030)
- Steel
- Aluminum
Coil
Coatings End Use Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
- Building
& Construction
- Transportation
- Consumer
Appliances
- Other
End-uses
Coil
Coatings Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Central &
South America
- Brazil
- Argentina
- Middle East
and Africa
- Saudi Arabia
- South Africa
Explore Horizon, the world's most expansive market
research database
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment