Market Overview

Market Research Future (MRFR) announces the publication of its research report Global Coil Coating Market, 2022.

Coil Coatings Market was UDS 4.3 Billion in 2015 and is expected to grow at USD 7.6 Billion in 2021 with estimated CAGR of 6.1% between by 2016-2021.

Coil Coatings advanced layer coating used to coat materials such as metal sheets, tin, steel and aluminium. Coil coatings is extensively used in construction and automobile sector owing to superior properties such as corrosion resistance, UV protection, high tensile strength and good adhesion property. Currently, growing non-residential construction activity such as large factories, industrial sites has boosted the demand for coil coating market to sustain the harsh weather conditions. The global infrastructure expenditure is expected to reach USD 5 Trillion over the forecasted period.

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Coil Coatings Market Key Players:

Coil Coating Market Players are: BASF SE (Germany), Akzo Nobel N.V (Netherlands), The Valspar Corporation (U.S), PPG Industries, Inc. (U.S), E. I. du Pont (U.S), The Dow Chemical Company (U.S), Wacker Chemie AG (Germany), Nippon Paint Holdings Co., Ltd (Japan), Axalta Coating Systems LLC. (U.S), Henkel AG & Co. KGaA (Germany) and others.

Coil Coating Market Growth:

Coil Coating Market appears to be less competitive with the presence of only few major global chemicals and materials manufacturers operating in the world. Presence of few key players will lead to monopoly situation and competitive edge in innovation and technology is expected to be indelicate. As these materials are pricing at higher costs in the current markets and increasing demand for coil coating in transport and construction industries will influence the end user products from these industries. Coil coating market demonstrates a high growth potential as the demand for these materials is increasing other key players are likely to invest in opening new production capacities to meet the global demand with better solutions.

Coil Coatings Market Application:

Coil Coating is multi-layer coating of pigments, resins and primers used to coat metal sheets such as aluminium and steel. These are used to protect the material from harsh diverse environmental conditions and provide corrosion resistance. Coated rolls, strips and sheets are used in many commercial and industrial applications. The growing demand of coil coatings is due to extensive use of coated material in end user industries such as construction, automobile, electrical and electronic and other consumer appliances. Growing non-residential construction activities including commercial building, manufacturing industries and factories has triggered the demand for coil coatings to sustain harsh weather conditions.

Coil Coating Market is leading market owing to rapid industrialization and urbanization in developing as well as developed regions. The increasing government infrastructure expenditure to improve public transport and tourism particularly those countries which totally rely on tourism has stimulated the demand of coil coating in those regions. Wood panels, roofs, metal sheets are some of the products using coating material for construction and provide artistic appeal to commercial and residential buildings.

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