Coil Coating Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coil Coating Market Size and Forecasts (2021 - 2031), Global and Regional Growth Opportunity Analysis, and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00003601
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

Coil coating is a continuous process used in the manufacturing industry, specifically for steel or aluminum coils. It is a highly controlled process involving a protective coating approach to a metal coil. The process involves applying specialty coatings to the coil before it is fabricated into final products. These coatings serve various purposes, including improving adhesion performance and enhancing the mechanical properties of the finished coating. Additives are used to meet the demands of formulators in the coil coating industry. Additives are substances incorporated into coatings to enhance specific properties or provide additional functionalities. In the context of coil coating, additives play a crucial role in improving coating adhesion and mechanical performance. The most common coil coating methods in the coil industry are induction, thermal infrared, and UV cure.

MARKET DYNAMICS

The coil coating market is expected to witness substantial growth during the forecast period. The growth is attributed to its increasing application in the construction industry, a significant driving factor for the coil coating market. Coil-coated metal products find wide applications in the construction sector due to their superior performance, durability, and aesthetic appeal. Also, the enormous use of polyvinylidene fluoride (PVDF) in coil coating offers several beneficial properties that have contributed to its increasing demand in various industries, including construction. Further, the increase in the demand for passenger vehicles boosts the growth of the global automobile industry, which drives the demand for coil coating in this sector. Coil coating is widely utilized in the automobile industry due to its chemical characteristics, such as excellent paint adherence and resistance to chemicals and water. They are used to cover body panels, trims and parts.

MARKET SCOPE AND REPORT FEATURES

The "Global Coil Coating Market Analysis to 2030" is a specialized and in-depth study with a major focus on the global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation by type, end-use industry, and geography. The global coil coating market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of coil coating worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the coil coating market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in coil coating market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global coil coating market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global coil coating market is segmented on the basis of type and end-use industry. Based on type, the coil coating market is segmented as polyester, polyvinylidene fluorides (PVDF), siliconized modified polyesters (SMP’s), polyurethane (PU), plastisol, and others. On the basis of end-use industry, the market is classified as, building and construction, household appliances, transportation, industrial equipment, and others.

Based on end-use industry, the building and construction industry plays a significant role in driving the coil coating market growth. Coil coating is a popular method used in the construction industry to apply coatings to building panels, roofing materials, and various structural components. The process comprises applying a protective coating to a metal coil before it is formed into the final product, ensuring enhanced durability, corrosion resistance, and aesthetic appeal. The demand for coil coatings in the building and construction sector continuously increases. There is a rising need for high-performance coatings that withstand harsh environmental conditions, provide long-lasting protection, and enhance energy efficiency. Automotive segment is also expected to grow during the forecast period owing to requirement of coil coatings in manufacturing automotive components.

REGIONAL INSIGHTS

The report provides a detailed overview of the global coil coating market with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia-Pacific is estimated to account for a significant portion of the global coil coating market share. Several factors contribute to this dominance, including the region’s consistent economic growth and technological advances across various industries. The industrial sector in Asia Pacific has experienced significant growth, leading to increased demand for coil coatings. Various global manufacturers have their production facilities in Asia Pacific owing to the availability of cheap labor and high demand in the region. The consistent economic growth and technological advancements in the Asia Pacific region have created a favourable environment for the coil coating market. The region’s expanding industrial, automotive, agricultural, and service sectors and the increasing focus on quality and aesthetics have contributed to its dominance in the global coil coating market.

MARKET PLAYERS

Some of the key players operating in the coil coating market include, Titan Coatings Inc, Salchi Metalcoat S.R.L, Akzo Nobel N.V, Axalta Coating Systems LLC, Nippon Paint CO LTD, PPG Industries INC, The Sherwin-Williams Company, Kansai Nerolac Paints Limited, Euramax, and Northern Coatings and Chemical Co, among others.

June, 2022: BlueScope completed the acquisition of the coil coatings business from Cornerstone Building Brands. The newly acquired business operates under BlueScope Coated Products.

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.


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REGIONAL FRAMEWORK
World Geography

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MARKET PLAYERS
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

The List of Companies

  1. Akzonobel N.V.
  2. ALTANA AG
  3. Axalta Coating Systems
  4. BASF SE
  5. Becker Group
  6. Henkel AG and Co. KGaA
  7. Nippon Paint
  8. PPG Industries
  9. Sherwin Williams Company
  10. Wacker Chemie AG

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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