WorldWide Coil Coatings Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 - 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Coil Coatings Market

Industry / Sector Trends

Coil Coatings Market size was USD 4.27 billion in 2015, and is projected to see 6% CAGR by 2024.
 

U.S Coil Coatings Market size, by end-user, 2013-2024 (USD Million)

 

Global coil coatings market size is mainly driven by escalating growth in the construction sector, particularly the non-residential construction. The global non-residential construction expenditure was close to USD 3.5 trillion in 2015 and is forecast to reach USD 5.5 trillion over the projected timeframe owing to stimulate industry growth. The product is extensively used in non-residential construction including large commercial buildings, industrial sites, and factories, as it offers weather and corrosion resistance for longevity along with aesthetic finish to metals used on roofs, walls, and shades.
 

Rapid industrial development, urbanization, stable political scenario, increasing per capita income and purchase power parity, and disposable income are some of the primary factors influencing growth in Asian countries. Currently, average annual GDP growth in Asia ranges from 6.0% to 7.0%. Countries in Asia Pacific, especially China, India and Indonesia are some of the fastest developing economies in the world. These countries are undergoing rapid industrial development and urbanization. This stimulates end-use industries including appliances, automotive, and construction, thereby driving the coil coatings market size.
 

European debt crises severely affected industries including construction, automotive and appliances. Cash inflows have been declining due to reluctance of capital lenders to invest in this region. This has led to a decrease in business. These industries are primary end-users of the industry. Hence, lack of investments in the region may hamper coil coatings market size over the forecast timeframe. However, increasing reach of the appliances industry in remote markets is consequently boosting the product demand. For example, the population in the Middle East has high purchase power parity and can afford premium range appliances. Appliances require coil coated metals to improve aesthetic appeal. This is anticipated to propel the product demand and created new growth prospects for the industry participants.
 

Market Segmentation, Outlook & Regional Insights: Coil Coatings Market

 Coil Coatings Market, By Product

Polyester coil coatings market share is projected to expand at over 6% CAGR over the forecast timeframe. Polyester is one of the most widely used product in the industry as it offers excellent corrosion and weather resistance to the coated material in most conditions. Additionally, polyester is one of the low-priced product owing to elevate the industry growth by 2024.
 

Polyvinylidine Fluorides (PVDF) segment was valued at over USD 800 million in 2015. PVDF is an expensive coil coating that is widely used for outdoor construction as it suitable for harsh climatic conditions. It also offers good esthetic appeal along with longevity to the coated surface through superior corrosion and weather resistance.
 

Coil Coatings Market, By End User

Construction coil coatings market size will witness more than 5% growth in terms of volume. The product is broadly used in wall panels, metal roofs to provide anti-corrosive & weather resistant characteristics. It also helps in enhancing the esthetic appearance of roof, owing to boost business growth. In addition, increasing government construction spending to improve public infrastructure will consequently propel the industry growth.
 

Automotive market size was valued at over USD 450 million in 2015. Metal and steel are extensively used in the vehicles to provide structural strength. This leads to increasing product demand across automobile parts including bumpers fuel tanks and body panels.
 

Coil Coatings Market, By Region

North America, mainly led by the U.S. coil coatings market size generated revenue more than USD 900 million in 2015. The upcoming non-residential construction industry post economic downturn has significantly increased product demand in the region. The region is one the most prominent user of automobiles and appliances including dishwasher’s, refrigerators, freezers, microwave ovens and dryers. These appliances essentially require coil coatings owing to boost regional industry.
 

Asia Pacific, particularly led by India, Japan and China coil coating market, dominated the overall revenue scenario size in 2015, mainly attributed to the robust growth in the regional end user industries. Furthermore, most of the industry including AkzoNobel, The Valspar Corporation and PPG Industries, Inc have shifted market development efforts toward Asia Pacific to maximize profits and to meet the growing product demand in the region.
 

Key Players, Recent Developments & Sector Viewpoints: Coil Coatings Market


Global coil coatings market share is consolidated, with key players accounting for more than 50% of the total consumption in 2015. Key players of the industry including BASF SE, The Dow Chemical Company, The Valspar Corporation, and Akzo Nobel N.V. are vertically integrated. Integration allows key players to offer higher value at competitive costs. This further adds to the degree of competition. For instance, Dow Chemical Company, BASF SE, Akzo Nobel N.V. and Nippon Paint Co. Ltd. manufacture resins, pigments, solvents, and primers.
 

Most of the major market players establish strong global distribution and sales channels to enhance reach and offer solutions to customers across the world. A strong distribution channel ensures two important success factors: availability of products and good customer service.
 

Coil Coatings Industry Viewpoint


Coil coatings are multi layered composite coatings of pigments, resins and primers used over metal rolls. Metal substrates (mainly aluminum and steel) are roll coated to make them weather and corrosion resistant. Coated rolls, strips and sheets are then molded as per requirement. The coated metals are then extensively used in the construction, automotive fabrication and appliances.
 

Growing non-residential construction spending across the globe is anticipated to drive the global coil coatings market size by 2024. Increase in non-residential construction activities has been triggered by rising industrial development and urbanization. Additionally, fast growing countries in Asia are projected to be the major growth prospect. However, decline in demand for coil coatings in Europe owing to the severe economic crisis is likely to hamper industry growth

Key Insights Covered: Exhaustive Coil Coatings Market
1.  Market size (sales, revenue and growth rate) of Coil Coatings industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Coil Coatings industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Coil Coatings industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Coil Coatings industry.

Research Methodology: Coil Coatings Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.