Global Coil Coatings Market: Market Research by Knowledge Sourcing Intelligence


Coil Coatings Market: Building and Construction Segment has a Significant Share in End-User Industry


Introduction
Coil coating is a sophisticated automated industrial process with the aim of coating coils efficiently before fabrication. Coatings can be polyurethanes, polyvinylidene fluorides, epoxies, polyesters, and plastisols, backing coats, primers, and laminate films. Since coil coatings have superior characteristics like corrosion resistance, flexibility compared to conventional coatings and stain resistance, they are highly demanded in the automotive, construction, electrical and electronics industries. By resin type, the market of coil coating is segmented as Polyester resins, Plastisol resins, Siliconized polyester resins, and Fluoropolymer resins. By the end-user industry, the market is segmented into the automotive industry, appliance industry, building, and construction industry.


Drivers and restraints of Coil Coatings Market
Expansion in any of the automotive, construction, electrical and electronics industries will drive the global market for coil coatings. Increasing construction activities in emerging economies due to rapid industrialization and urbanization is uplifting the market growth. Stringent government regulations coupled with the need for bio-based coatings to support the construction of green buildings across the globe is further boosting the coil coating market growth. Moreover, intense penetration of coil coatings in pharmaceutical packaging and aerospace applications will further drive the market towards growth. The growing requirement of steel and aluminum in transportation and construction will also positively impact global growth. The growth of anti-corrosive coating formulations is also boosting the growth of the market.
Replacement of metal substitution with engineering plastics such as polycarbonate in the automotive industry may restrain the growth of the coil coating market. However, globally increasing construction activities will continue to increase the coil coatings market size. Also, investments made in R&D to manufacture coating with environment-friendly materials which are also less harmful to human health.

Market Segmentation
Geographically, Asia Pacific region is expected to have a significant market share of the global coil coatings market share. The market of the Asia Pacific region will be driven by the escalation in the construction industry as well as the automotive industry in the region. The North America region is also expected to witness rapid growth. The recovery of the construction industry and automotive industry in North America can drive the market for coil coatings in this region too.
By resin type segmentation, the polyester segment is expected to have a significant market share owing to offers excellent corrosion and weather resistance features.  By the end-user segment, the building and construction segment is expected to have a significant market share. It has various applications in construction. It provides an opportunity for the architect to make variations in color, designs, etc. rapidly growing construction activities across the globe is driving the market of the coil coating market
According to competitive intelligence the global coil coatings market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirements. As a result, they are increasingly integrating with other players. The key players include Beckers Group, Wacker Chemie AG, Henkel AG & Co. KGaA, Dura Coat Products, Inc., PPG Architectural Coatings UK Limited, The Sherwin-Williams Company, and Akzo Nobel N.V. among others.

Key Questions Answered in This Report:

  • What are the key regions having a significant market share?
  • What are the drivers and restraints of the market?
  • Who are the key market players in the market?
  • What is the market segmentation of the coil coatings market?
  • Who are the end-users of the market?
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