Coil Coatings Market is projected to total US$ 6.8 Bn by 2029 - Comprehensive Research Report by FMI

Innovations to Gather Pace in Coil Coatings Market, as Manufacturers Prioritize Eco-friendly Aspects


DUBAI, United Arab Emirates, Feb. 23, 2022 (GLOBE NEWSWIRE) -- A new market study by Future Market Insights on the global coil coatings market, evaluates key industry trends for the historical period 2014–2021 and forecasts the coil coatings market growth for the 2022–2029 period.

 Global coil coatings market are slated to top US$ 5.0 Bn in 2022. Expanding at a healthy 4.7% CAGR, the market size is projected to total US$ 6.8 Bn by 2029.

Coil Coatings Market Estimated Size 2022US$ 5.0 Bn 
Coil Coatings Market Value-based CAGR (2022-2029)4.7%
Coil Coatings Market Size in Projected 2029US$ 6.8 Bn

The report covers latest market dynamics, trends, macroeconomic factors, key success factors, industry value chain, forecast factors, opportunity assessment, incremental $ opportunity and competition analysis of all the major manufacturers involved in the coil coatings market. Topcoats remain highly preferred among end-use industries, especially in construction sectors, as compared to primers and backing coats.

Topcoats are used to provide color and gloss along with mechanical, chemical, and UV resistance to finished coils, and hence are widely adopted across the globe. The global coil coatings market value at US$ 5.0 Bn in 2022, and is projected to grow at a moderate CAGR of 4.7% during the estimated period of 2022-2029.

As per the findings of the study, the global coil coatings market is expected to witness moderate growth in terms of CAGR over the forecast period due to the recovering construction industry and growing investments driving number of new infrastructure projects.

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Aesthetic Properties of Coated Metal Sheet to Uphold the Market Growth

Development of new and innovative products will continue to have a tremendous impact on the industry and play an important role to promoting the coil coatings market growth in near future. Coil coated metal sheets provide architects with large number of design possibilities, while also allowing them to play with various colors, shapes, effects, and textures.

A steady stream of newly developed coatings, such as heat absorbing, heat reflecting, dirt-shedding, self-cleaning, etc. are finding their way into exterior building applications. These new functional coil coatings are a result of the environmental aspect being a strong factor in coil coatings’ development.

Emergence of Low-cost Products to Limit Coil Coatings Market Growth

Growing demand for high performance and low cost coil coatings is expected to be a restraining factor in the overall coil coatings market growth. These days, cheap pre-coated aluminium and steel coils are increasingly being imported, particularly from Asia Pacific. Unfortunately, the quality and performance of these products are lower than that of European standards. However, it is unlikely to impact the end users, as white cladding, irrespective of its durability, is widely preferred.

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Scope of Report

AttributeDetails
Forecast Period2022-2029
Historical Data Available for2014-2021
Market AnalysisUnits for Volume and US$ Bn for Value
Key Regions CoveredNorth America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and the Middle East & Africa.
Key Countries CoveredThe U.S., Canada, Brazil, Mexico, Germany, the U.K., France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa
Key Market Segments CoveredMaterial Type, Product Type, End Use, Application, and Region
Key Companies Profiled
  • Akzo Nobel N.V.
  • The Chemours Company
  • Axalta Coating Systems
  • PPG Industries
  • Becker Group
  • The Valspar Corporation
  • Henkel AG & Co. KGaA
  • Kansai Paint Co. Ltd.
  • Eastman Chemical Company
  • Noroo Coil Coatings
  • ALCEA
  • Dura Coat Products, Inc.
  • Italcoat S.r.l.
  • Huehoco GmbH
  • Jotun Group
  • Titan Coatings, Inc.
  • Chemetall Group
  • Recubrimientos Plasticos SA
  • ARCEO Engineering
  • Nipsea Group (Nippon Paint)
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Coil Coatings Market: Vendor Insights

The global coil coatings market is fairly consolidated, with the top four players – Akzo Nobel N.V., PPG Industries Inc., Valspar Corporation and Beckers Group – holding ~60% market share. This is mainly attributed to the fact that the major players are availed with better equipment and technology for the manufacturing of coil coatings.

On the other hand, tier-2 and other players have limited global reach and manufacturing capabilities. These players’ main focus is the local clientele and to have a significant presence in their respective regional markets. Manufacturers are also focusing on mergers and consolidations of business to improve their product portfolio and market presence. Some of the key developments in the coil coatings market are:

  • In 2021, BlueScope’s U.S. coil coatings and roll forming assets entered into a joint venture with the Tokyo-based steel manufacturing company Nippon Steel.
  • In 2014, PPG Industries, Inc. introduced DURASTAR ULTRA-COOL coatings, which enhances the aesthetic and also extends the life of panels, siding, and other components.

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Explore FMI’s Extensive Coverage on Chemicals & Materials Domain

Technical Coil Coatings Market: Sales in the global technical coil coatings market are slated to top US$ 10.3 Bn in 2022. Expanding at a healthy 4.9% CAGR, the market size is projected to total US$ 13.0 Bn by 2027.

Functional Coil Coatings Market: The functional coil coatings market will generate revenue, surpassing US$ 465 Mn in 2021. Between 2021 and 2031, the market is forecast to exhibit compound annual growth rate (CAGR) of 5%.

Europe Advanced Aerospace Coatings Market: The Europe advanced aerospace coatings market was valuated at just-over US$ 390 million in 2018, which is anticipated to register the CAGR of 4.9% through 2028.

Antimicrobial Additives Market: Antimicrobial additives or agents are chemical ingredients typically utilized in definite proportions to prevent fungal, bacterial and algal growth in materials exposed to high levels of moisture, ultra violet radiation or unsanitary conditions.

Antimicrobial Coil Coating Market: Rising adoption of home appliances and increasing urbanization along with hygiene, shifting consumer preferences and expanding middle class population will escalate the antimicrobial coil coatings industry growth.

Inorganic Flame Retardants Market: Consumers' growing knowledge of the fire protection materials, the effectiveness of flame retardants, and their key benefits are likely to boost demand for fire-resistant materials.

Acrylic Adhesives Market: During the forecast period of 2021 to 2031, the worldwide Acrylic adhesives market is expected to show an upward trend in sales with CAGR 5% TO 6%.

Wood Coatings Market: The wood coatings market is anticipated to garner a modest strength with a CAGR of 5.9% during 2022-2032

Conductive Polymer Coatings Market: The conductive polymer coatings market is predicted to grow at an impressive pace with a CAGR of 9.3% during 2022-2032

PU Coatings Market: PU coatings are majorly consumed in automotive and transportation industry especially, ships and automobile. PU coatings offer various characteristics to the surfaces such as anti-corrosion and anti-abrasion along with durability and higher performance.

About Future Market Insights (FMI) 

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers. 

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