Coil Coatings Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

Published Date : Apr 2020 | No. of Pages : 200 Pages | Category : Chemical and Material

The Global Coil Coatings Market size is set to exceed USD 4.9 billion by 2027 and will grow at a CAGR of 5.8% from 2020 to 2027.

Coil coating is an automated and continuous industrial process for effectively coating metal coils. The coatings work on a simple but effective principle that includes cleaning, pretreating and coating flat coils or steel or aluminum sheets. The process covers cleaning, conversion treatment, drying, primer coating, top coating and foil lamination. A variety of formulations are used in the coatings industry; however, the most prevalent formulations are polyester, polyflourocarbons, alkyds acrylics, plastisol, etc.

Coil coatings industry size will foresee significant growth with rising construction activities in emerging and developed economies. Infrastructure plays a critical role in promoting growth and improving connectivity. Continuous construction spending in the Asian countries including China and India on account of rapid industrialization and urbanization will enhance the product demand. The region accounts for around 50% of global capital spending as China and India offer huge consumer base along with low wage labor thereby attracting multiple construction industry players in the region.

The growing non-residential construction spending in countries including the U.S. will boost the coil coatings market size over the study timeframe. According to the United States, Census Bureau, the non-residential construction spending in the country has increased by over 8.5% in the year 2016. The increased use of coil coatings in manufacturing furniture and construction products is predicted to drive the product demand. The coil coating products are used in the furniture applications such as shelving, filing cabinets, storage units, desks, and others.

Growth indicators from automotive sector is positively influencing the coil coatings market demand. The coatings offer automakers to produce a high quality and uniform finish to metal within a cost-effective range thereby influencing manufactures to utilize the process while manufacturing auto parts. Further, the automotive OEMs are providing enhanced after sales services to attract new customers thereby driving the industry growth.

Transportation and storage of the coatings are some of the major factors restraining the industry proliferation. The lack of proper and safe transportation facilities in the emerging economies may hamper the product adoption. Further, the coatings must be preserved with the proper preservation oil to maintain the finishing. The coil coatings must be stored carefully with certain precautions to maintain their quality.

Polyester provide excellent flow characteristics to a wide range of temperatures and find application in pre-engineered buildings. In 2018, the polyester held a share of over 60% in the coil coatings market volume. These are further suitable for external applications such as residential roofing systems, truck trailers and mobile homes, doors and trim etc.

Silicone modified polyester segment will foresee substantial growth owing to its high resistance. These are more resistant to rough handling as these are quite harder than PVDF coatings. The coatings offer superior performance at moderate cost that influences the manufactures to include silicone modified polyester coatings in their production process. However, higher brittleness of the product limits the segment penetration.

Appliance will witness around 6.5% CAGR as majority of the household appliance utilize coil coatings. It finds application in appliances including freezers, dishwashers, ovens, microwaves, refrigerators etc. The product offers a durable finish and high endurance against wear and tear. The coating process reduces cost, time and energy consumption while manufacturing commercial as well as residential appliances. Home appliance industry is one of the major growing manufacturing sectors. According to the European Committee of Domestic Equipment Manufacturers (CECED), in 2016, the industry generated over USD 45 billion in Europe. Moreover, factors including, rapid urbanization, expanding middle class population will support the industry expansion.

Asia Pacific leads the global coil coatings market demand and will continue its dominance owing to the presence of large number of manufactures and substantial end user industry. Proliferating automotive industry in the region is escalating the product demand. According to International Organization of Motor Vehicle Manufacturers (OICA), in 2018, countries including India, Indonesia and Malaysia witnessed a significant increase in vehicle production as compared to 2017. Furthermore, the increasing construction activities in the region will induce significant growth potential in the industry landscape.

China dominates the construction industry with huge investments across South East Asia under the Belt and Road Initiative. The construction sector in the country is expected to grow by around 5%. Construction activities in the country will shift towards projects to enhance quality of life of the citizens. The ongoing PPP (Public Private Partnership) program indicates this shift with focus on social infrastructure as well as environment protection activities. Growing investment and government initiatives to boost construction activities in Asia Pacific will propel the industry size.

Some of the major global companies operating in global coil coating market include Akzonobel, PPG Industries Inc., The Valspar Corp., BASF SE, DuPont, Henkel AG & Co., Kansai Paint Chemical Ltd., The Beckers Group, The Sherwin-Williams Co., and Wacker Chemie AG.

Segmentation

By Product

  • Polyester
  • Silicone Modified Polyester (SMP)
  • Polyvinylidine Fluorides (PVDF)
  • Polyurethane (PU)
  • Plastisols
  • Others

By Industry

  • Construction
  • Automotive
  • Appliances
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

The Coil Coatings market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Coil Coatings market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Coil Coatings market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Coil Coatings market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Coil Coatings market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Coil Coatings capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Coil Coatings by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Coil Coatings market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Coil Coatings market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Coil Coatings market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Coil Coatings industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Coil Coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Coil Coatings market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Coil Coatings market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Coil Coatings market. These factors have benefited the growth of the global market for Coil Coatings. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Coil Coatings. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Coil Coatings are as follows:

  • History Year: 2016-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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