Coil Coating Market Size Estimation, Global Segments, Industry Share, Geography Trends, Business Opportunities and Future Investments 2018 – 2022

“Coil Coatings Market was ~4.3 billion in 2015 and is expected to grow at ~7.6 billion in 2022 with estimated CAGR of ~6.1% between 2016-2022”
Global Coil Coating Market Information- by Resin Types (Polyester, Polyvinylidene Fluorides (PVDF), Polyurethane, Silicone Modified Polyester and Plastisol), by End User Industry (Construction, Automotive, Electrical & Electronics, Consumer Appliances, Others) and by Region – Forecast till 2022

Synopsis of Coil Coating Market:

Coil Coatings is method used to coat and paint sheets of metal such as steels, aluminum etc. Coil Coating makes material more durable and corrosion resistant. The Coil Coating provides a smooth finish, green benefits coupled with aesthetic looks to metals used on non-residential construction such as roofs, walls and shades. The growing demand for Coil Coating is mainly driven by increasing applications in construction, automotive, consumer appliances and others. Owing to its eco-friendly nature, high tensile strength and good adhesion property makes it integral part of industrial sectors. Increasing number of commercial and residential projects in emerging economies has stimulated the demand of Coil Coatings in those regions. The Global Coil Coatings Market was ~4.3 billion in 2015 and is expected to grow at ~7.6 billion in 2022 with estimated CAGR of ~6.1% between 2016-2022.

On Basis of Resin Types, Coil Coatings are segmented into polyester, polyvinylidene fluorides (PVDF), polyurethane, silicone modified polyester and plastisol. Polyester coating is leading segment and is projected to grow at ~5% CAGR over the forecasted period. Owing to superior properties, polyester Coil Coating provides excellent resistant to corrosion and weather conditions. Thus, low cost of polyester is also expected to drive the demand for polyester coil coating across the application industries. Polyvinylidene fluorides (PVDF) coatings is also expected to increase significantly due to their properties such as longevity coupled with providing aesthetic appeal is suitable to sustain in harsh conditions.

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Construction Coil Coating Market is dominating market with more than double digit growth over the forecasted period. The global construction expenditure was close around USD 3 trillion in 2015 and is forecasted to reach USD 5 trillion over the forecasted period. Growing infrastructure activities, rapid industrialization and increase in government spending has been factors to drive the Coil Coating Market in construction activities. The product is widely used in wall panels, roofs and offers visual appeal in commercial and residential buildings. Moreover, increasing government spending to improve public infrastructure is propelling the demand of coil coating across the end user industry.

Competitive Insights:

BASF SE, Akzo Nobel N.V, The Valspar Corporation and The Dow Chemical Company has dominated the global coil coating market share in 2016. These are vertical integrated company dominating price value in competitive market. major market players are offering strong distribution and sales channel to trapped the untapped market. With strong channel companies are able to play with prices of raw material and provide quality services on high demand supply.

Regional Analysis

Geographically, Asia-Pacific region represents highest market share in the Global Coil coating followed by Europe and North America. China being a largest producer and consumer of coil coating.  Rapid industrializations, favorable government regulations and increase in consumer spending will significantly grow the coil coating market in emerging economies such as China, India and Japan. Countries like Indonesia, Thailand and Brazil are the growing market for Coil Coating due to favorable government regulations and tax subsidies here. North America and Europe region being prominent players in automobile and consumer appliances such as dishwasher, microwave, refrigerators etc. drive the coil coating market growth in coming years.

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