Global Coil Coatings Market
The global coil coatings market was valued at USD 4.986 billion in 2015 and is projected to reach USD 7.39 billion by 2021, growing at a CAGR of 6.77% during the forecast period.
Coil coating, owing to its eco-friendly and low-toxic nature, high tensile strength and high initial adhesion property, is becoming an integral part of various commercial and industrial sectors. In the global coil coatings market report, we have taken the following major end-user sectors into consideration: building & construction, industrial & domestic appliances, transportation, home & office furniture, HVAC, and others. Building & Construction is the fastest growing segment, accounting for 76.11% share of the global coil coatings market in 2015.
The coil coatings market is driven by certain factors, such as the economic benefits associated with coil coatings, innovative end-user applications, and an accelerating demand from the construction industry. However, this market faces certain drawbacks, such as higher costs of pre-painting metal sheets and lack of awareness in the Asian countries. These factors act as a roadblock to the growth of the market.
By the type of resin used in production, the market has been segmented into polyester, acrylics, epoxy, polyurethanes, plastisol, fluoropolymer, and others. Polyester, polyurethane (PU) and acrylics segments are expected to grow at a healthy pace during the forecast period. Polyester coil coatings are the most economical choice for building applications and account for the highest share in the market. Plastisol is also favored for building applications.
The market is geographically segmented into Asia-Pacific, North America, South America, Europe and the Middle-East and Africa. The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, followed by North America. Rapid development in the non-residential construction activities in APAC is expected to drive the market in the region. Moreover, the metal industry in China is poised to show huge growth during the forecast period, which is expected to drive the market further. The following chart depicts the coil coatings market, by region: -
Currently, extensive use of antimicrobial coatings through the coil coating process is providing a great potential to the coil coatings market, especially in the areas of pre-painted metals. Additionally, there are an increasing number of new applications of fluoropolymer coil coatings, which also provide a great opportunity for the market.
Some of the major companies dominating this market for its products, services, and continuous product developments are: -
Akzo Nobel Coatings
Key Deliverables in the Study
Market analysis for the global coil coatings market, with region-specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global coil coatings market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.