The coil coating is an advanced method of coating and painting sheets of metals such as steel, tin and aluminium in the continuous automated lines process. The metal is treated as the entire surface is cleaned and provided tightly bonded finishes before fabrication of metal into the end products. The coil coating makes the metal more durable and corrosion resistant. Coil coatings provide beautiful topcoats to the metal, innovative applications, durable surfaces, green benefits and cost benefits over the conventional coatings which drives the demand of the coil coatings for the various end use industries such as construction and building, automotive and appliance manufacturers. Overall, the global coil coating market is estimated to grow significantly over the forecast period 2016 to 2026.
Coil Coatings Market- Drivers and Restraints
The global coil coatings market is expected to register the significant CAGR over the forecast period as the demand of Coil coating is rapidly increasing due to the urbanization and industrial development throughout the world. Coil coatings possesses the properties such as corrosion resistance, stain resistance and flexibility over the conventional coatings which is the prime factor drives the growth of the global coil coating market. The coil coatings protect the parts or the equipment from external factors such as UV radiation, pollution, grit and variation in temperature over the conventional coatings which leads to the increasing demand of the coil coatings and drives the growth of the global coil coating market. The stringent regulations about the low carbon emission levels in the developed regions lead to the demand of the coil coatings as it has low volatile organic carbon content (VOC) which drives the growth of the global coil coating market.
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However, the high cost of raw materials required for coil coatings and technology may hamper the global coil coatings market over the forecast period. The increasing substitution of metals from highly engineered plastics such as polycarbonate may restrain the demand of the coil coatings and hinder the growth of the global coil coatings market.
Coil Coatings Market- Segmentation
The global coil coating market has segmented on the basis of type, end user industry and region.
On the basis of types, the global coil coating market is segmented into:
- Fluor polymer
- Siliconized Polyester
On the basis of end use industry, the global coil coating market is segmented into:
Coil Coatings Market- Region Wise Outlook
The global coil coatings market is segmented into the seven regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). The APEJ region has contributed the leading shares to the global coil coatings market in terms of revenue and volume as well as dominate the market due to the increasing industrialization and construction industry. The North America and Western Europe also contribute a significant market share and expected to remain stagnant throughout the forecast period due to matured market of coil coating. The Japan is expected to register a healthy growth rate to the global coil coating market. Latin America and MEA are at a nascent stage of the global coil coating market and expected to anticipate the modest growth over the forecast period 2016 to 2026.
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Coil Coatings Market- Key Players
The key players of the global coil coating market are as follows:
- PPG Industries Inc.
- Akzonobel N.V.
- BASF SE
- Wacker Chemie AG
- The Beckers Group
- The Sherwin-Williams Company
- Henkel AG & Company
- Valspar Corporation
- Kansai Paint Chemical Limited
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