Coil Coatings Market Outlook, Current and Future Industry Landscape Analysis 2022-2029

 


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.

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.


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.


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.

 

Coil Coatings Market By Category

Material Type :

  • Polyester
  • Epoxy
  • PVC
  • Plastisols
  • Acrylic
  • Polyurethane
  • PVDF
  • Silicone

End Use :

  • Construction
  • Transportation
  • HVAC
  • Metal Furniture
  • Others

Product Type :

  • Topcoats
  • Primers
  • Backing Coats
  • Others

Application :

  • Steel
  • Aluminum

Region :

·         North America

·         Latin America

·         Western Europe

·         Eastern Europe

·         APEJ

·         MEA

·         Japan

For More Information: https://www.futuremarketinsights.com/reports/coil-coatings-market

Comments

Post a Comment

Popular posts from this blog

Chemical Hardener Compounds Market Segments, Dynamics, Size, Supply & Demand report 2028

  Chemical hardener compounds are used to increase the density and hardness of concrete surfaces. They are usually inorganic in nature and available in dry or liquid forms for application on cured or uncured concrete surfaces. Chemical hardener compounds, when applied to a concrete surface, react with the free lime in concrete, which results in a mixture consisting of dicalcium and tricalcium silicate compounds. These dicalcium and tricalcium silicate compounds further react with the excess water present in concrete to produce calcium silicate hydrate, which is also known as tobermorite gel. The end result of this entire sequence is that the empty pores of the concrete surface are filled with the by-products, thus increasing the density of the concrete surface. Also, the crystalline structure of the mixture is further strengthened with enhanced bonding, which increases the surface hardness of concrete. The application of chemical hardener compounds reduces the pitting and dust...
Read more

Medical Power Supply Devices Market Comprehensive Shares, Historical Trends And Forecast By 2033

  Medical Power Supply Devices Market The report’s findings indicate that in addition to the ageing population, a number of other factors will have a big impact on market growth, including a rising preference for portable devices, a high demand for home healthcare services, and encouraging government initiatives to improve healthcare infrastructure. The market for medical power supplies is expected to grow even more with technological advancements in medical power supply devices, such as smart medical devices incorporated in furniture and portable medical equipment for home care. According to a recent Persistence Market Research (PMR) analysis, the global market for medical power supplies will expand at a strong CAGR of 7% through 2029. Technological innovations in the medical industry, such as Brain Control Interface (BCI), outpatient robotic surgery, automated mobile wheelchairs, mobile robots for logistics applications in healthcare, and automated hospital beds are high-qu...
Read more

Catalog Management System Market Global Analysis, Size, Share, Incredible Growth, Detailed Industry Analysis and Business Prospects 2032

  According to the conclusions of the FMI research, during the projected period, the global  catalog management systems market  is estimated to increase at a CAGR of 8%, from USD 1.3 billion in 2021. Rising consumer demand for items, expanding internet access, and increasing smartphone prevalence are likely to fuel catalog management systems market expansion, acting as a stimulus for catalog management solutions from e-commerce businesses. The catalog management systems market is fragmented since a significant number of firms compete in it. The major factors projected to boost the usage of catalog management software among companies and SMEs across a variety of sectors, including retail and e-commerce, media and entertainment, telecom, IT, and travel and hospitality, are increased cloud adoption and digital transformation. Vendors in the catalog management systems market could expect additional prospects in developing nations throughout APAC and MEA. The market for ca...
Read more