Technical coil coatings is used in various end-use industries such as construction, automotive, furniture, HVAC, home appliances, and others. Coil coatings offer protection against changing weather conditions and improve the durability of coated substrates. Leading market players are investing to develop new products to increase coil coating product portfolio for extending their application areas in major end-use industries. For instance, the Environmental Protection Agency identified metal coil coating as a key source of hazardous air pollutant emission and strictly regulates their high uses. Such regulations and close monitoring might affect the market’s growth during the forecast period.
Market Dynamics
The By polyester segment accounted for the highest revenue share in the global technical coil coatings market in 2021 and the segment is projected to retain its position, due to the high demand for polyester coating in the construction and furniture industries. In construction, technical coil coatings have a variety of applications such as metal roofing & siding, windows, and doors. Therefore, the construction segment is the major segment in End-use Industry.
Asia Pacific was the dominant market in 2021 and the region is projected to be the fastest growing in the global technical coil coatings market over the forecast period. The growth of Asia Pacific technical coil coatings market is attributed to the growth of end-use industries along with strategic investment by leading market players such as PPG Industries Inc. and BASF SE in the region to tap the potential market in China, India, and South Korea. For instance, in March 2021, Akzo Nobel A.V., a U.S.-based company operating in coil coatings, launched TRINAR TC (Tough Coat), a new PFOA-free PVDF coil coating system that combines exceptional 70% PVDF performance with increased durability and simplicity of use. This TRINAR coating technology provides stain, abrasion, and scratch resistance to surfaces in the building & construction industry.
Key features of the study:
- This report provides an in-depth analysis of technical coil coatings and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) over the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global technical coil coatings market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include PPG Industries Inc., BASF SE, Akzo Nobel N.V., The Valspar Corporation, DowDuPont Inc., The Sherwin-Williams Company, Beckers Group, and Kansai Nerolac Paints Ltd.
- Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launches, technology upgrades, market expansion, and marketing tactics
- The global technical coil coatings market report caters to various stakeholders in this industry including investors, suppliers, technical coil coatings manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the technical coil coatings market
Detailed Segmentation:
- Global Technical Coil Coatings Market, By Material:
- Polyester
- Plastisol
- Polyvinylidene fluoride (PVDF)
- Silicon
- Others
- Global Technical Coil Coatings Market, By Technology:
- Liquid Coating
- Water-borne
- Solvent-borne
- Powder Coating
- Global Technical Coil Coatings Market, By Product Type:
- Top Coat
- Primer
- Backing Coat
- Others
- Global Technical Coil Coatings Market, By End-use Industry:
- Construction
- Automotive
- Furniture
- Others
- Global Technical Coil Coatings Market, By Geography:
- North America
- Europe
- U.K.
- Germany
- Italy
- France
- Russia
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- GCC
- Israel
- Rest of Middle East
- Africa
- Central Africa
- South Africa
- Company Profiles
- PPG Industries Inc.*
- Company Overview
- Product Portfolio
- Financial PerTypeance
- Key Strategies
- Recent Developments
- Future Plans
- BASF SE
- Akzo Nobel N.V.
- The Valspar Corporation
- DowDuPont Inc.
- The Sherwin-Williams Company
- Beckers Group
- Kansai Nerolac Paints Ltd.