Coil Coatings Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Resin Type Resin (Polyester Resins, Plastisol Resins, Siliconized Polyester Resins, Fluoropolymer Resins), By End User Industry (Automotive, Appliance, Building And Construction), And By Geography - Forecasts From 2021 To 2026
- Published : Sep 2021
- Report Code : KSI061610696
- Pages : 122
The global Coil Coatings market is expected to grow at a compound annual growth rate of 5.91% over the forecast period to reach a market size of US$9.837 billion in 2026 from US$6.580 billion in 2019.
The market is expected to surge in the coming years, due to the increasing demand for coil coatings in various sectors, such as the construction, automotive, appliance, and construction industry. Asia Pacific region is expected to play a major role in the market growth, due to the increase in the production of vehicles, growth in the real estate sector, and other related factors. Companies and corporations, worldwide have been investing considerable capital to develop high-quality, advanced coil coating solutions for their customers.
Growth in the automotive sector
The market is expected to surge in the coming years, due to the rising demand for coil coatings in the automotive sector. The increase in the global population and rise in disposable income are driving the demand for vehicles worldwide. According to the data given by the International Organisation of Motor Vehicle Manufacturers, 91.7 million vehicles were produced in the year 2019. The increasing demand for electric vehicles is also driving the coil coating market growth. The introduction of high-quality coating solutions for electric vehicles enhances the overall performance and provides efficient output. According to the data given by the International Energy Agency, 2.1 million electric vehicles were sold in 2019. Electric car batteries depend on high-quality coating solutions, to minimize the fire damage risk, maintain optimal temperatures, and reduce electrical interference. Several companies have been providing coil coatings for this sector. For instance, BASF SE, one of the major players in the market, has been offering coil coating solutions for the automotive sector.
Latest Developments
- In July 2021, JSW Steel Limited announced that its board of directors had approved an investment in JSW Paints Pvt., Ltd. The company had been expected to make an investment of around INR750 crores in the novel company. This novel investment is expected to enhance the company's share in the coil coating market. The overall investment would also be used in the development of novel coil coating products and technologies.
- In October 2020, AkzoNobel, one of the major players in the market, announced the launch of a novel coil coating for aluminum composite panels. The company stated that their novel product, known as TRINAR A CLAD has been high performance, and 70% PVDF coil coating solution and system for monumental and commercial ACP units and projects. This development is expected to enhance AkzoNobel’s coil coating portfolio.
Impact of the COVID-19 pandemic
The outbreak of the pandemic had a negative impact on market growth. There had been a decline in the construction and automotive sector in 2020. According to the International Organization of Motor Vehicle Manufacturers, around 67 million vehicles were produced in 2020, down from 91.7 million in 2019. With the introduction of COVID-19 measures, there had been a massive decline in construction activities, worldwide.
Coil Coatings Market Scope:
Report Metric | Details |
Market Size Value in 2019 | US$6.580 billion |
Market Size Value in 2026 | US$9.837 billion |
Growth Rate | CAGR of 5.91% from 2019 to 2026 |
Base Year | 2019 |
Forecast Period | 2021–2026 |
Forecast Unit (Value) | USD Billion |
Segments Covered | End-User Industry, Resin Type, And Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | Beckers Group, Wacker Chemie AG, Henkel AG & Co. KGaA, Dura Coat Products, Inc., PPG Architectural Coatings UK Limited, The Sherwin-Williams Company, Akzo Nobel N.V., Axalta Coatings System LLC, BASF SE, Du Pont |
Customization scope | Free report customization with purchase |
Segmentation:
- By Resin type
- Polyester Resins
- Plastisol Resins
- Siliconized Polyester Resins
- Fluoropolymer Resins
- By End-User
- Automotive Industry
- Appliance Industry
- Building & Construction Industry
- By Geography
- North America
- USA
- Canada
- Mexico
- Others
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- South Africa
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
- North America
Frequently Asked Questions (FAQs)
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Coil Coatings Market Analysis, By Resin type
5.1. Introduction
5.2. Polyester Resins
5.3. Plastisol Resins
5.4. Siliconized Polyester Resins
5.5. Fluoropolymer Resins
6. Global Coil Coatings Market Analysis, By End-User
6.1. Introduction
6.2. Automotive Industry
6.3. Appliance Industry
6.4. Building & Construction Industry
7. Global Coil Coatings Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.2.1. North America Coil Coatings Market Analysis, By Resin type, 2019 to 2026
7.2.2. North America Coil Coatings Market Analysis, By End-User, 2019 to 2026
7.2.3. By Country
7.2.3.1. United States
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America
7.3.1. South America Coil Coatings Market Analysis, By Resin type, 2019 to 2026
7.3.2. South America Coil Coatings Market Analysis, By End-User, 2019 to 2026
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe
7.4.1. Europe Coil Coatings Market Analysis, By Resin type, 2019 to 2026
7.4.2. Europe Coil Coatings Market Analysis, By End-User, 2019 to 2026
7.4.3. By Country
7.4.3.1. Germany
7.4.3.2. France
7.4.3.3. UK
7.4.3.4. Spain
7.4.3.5. Others
7.5. The Middle East and Africa
7.5.1. Middle East and Africa Coil Coatings Market Analysis, By Resin type, 2019 to 2026
7.5.2. Middle East and Africa Coil Coatings Market Analysis, By End-User, 2019 to 2026
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.2. South Africa
7.5.3.3. Others
7.6. Asia Pacific
7.6.1. Asia Pacific Coil Coatings Market Analysis, By Resin type, 2019 to 2026
7.6.2. Asia Pacific Coil Coatings Market Analysis, By End-User, 2019 to 2026
7.6.3. By Country
7.6.3.1. Japan
7.6.3.2. China
7.6.3.3. India
7.6.3.4. South Korea
7.6.3.5. Taiwan
7.6.3.6. Thailand
7.6.3.7. Indonesia
7.6.3.8. Others
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. Beckers Group
9.2. Wacker Chemie AG
9.3. Henkel AG & Co. KGaA
9.4. Dura Coat Products Inc.
9.5. PPG Architectural Coatings UK Ltd.
9.6. The Sherwin Williams Company
9.7. Akzo Nobel N.V.
9.8. Axalta Coatings System LLC
9.9. BASF SE
9.10. Du Pont
Beckers Group
Henkel AG & Co. KGaA
Dura Coat Products Inc.
PPG Architectural Coatings UK Ltd.
The Sherwin Williams Company
Akzo Nobel N.V.
Axalta Coatings System LLC
BASF SE
Du Pont
Related Reports
Report Name | Published Month | Get Sample PDF |
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Middle East and Africa Coil Coatings Market Size: Report, 2022 - 2027 | Mar 2020 | |
South America Coil Coatings Market Size: Share & Growth, 2022 - 2027 | Mar 2020 | |
North America Coil Coatings Market Size: Share & Trends, 2022 - 2027 | Mar 2020 | |
Asia Pacific Coil Coatings Market Size & Share: Report, 2024 - 2029 | Feb 2024 | |
Europe Coil Coatings Market Size & Share: Industry Report, 2024-2029 | Feb 2024 |