Global Technical Coil Coatings Market worth USD 17.40 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Technical Coil Coatings Market Size is Expected to Grow from USD 10.86 Billion in 2023 to USD 17.40 Billion by 2033, at a CAGR of 4.83% during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Technical Coil Coatings Market Size, Share, and COVID-19 Impact Analysis, By Material (Polyester, Plastisol, Polyvinylidene Fluoride, Silicon, and Others), By Technology (Liquid Coating, Water-Borne, Solvent-Borne, and Powder Coating), By Product Type (Top Coat, Primer, Backing Coat, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The market for technical coil coatings deals with the application of ornamental and protective coatings to metal substrates, mostly aluminum, and steel, which are subsequently rolled into coils. Through this procedure, the coated materials are guaranteed to have exceptional durability, visual appeal, and resistance to environmental influences. Applications for technical coil coatings are common in the appliance, automobile, and construction sectors. Throughout the forecast period, the demand for technical coil coatings is anticipated to be driven by the expansion of various end-use industries. Throughout the forecast period, the technical coil coatings market is anticipated to be driven by the growing commercial building. Urbanization and rising disposable income in developing nations like China, India, and Indonesia have led to increased construction spending on mega infrastructure projects. Prepainted or pre-coated metal sheets are used extensively for roofing, cladding, fencing, and other exterior applications, providing protective and aesthetic properties for low-maintenance building exteriors. However, the global technical coil coatings market faces growth constraints due to fluctuating raw material prices, particularly in petroleum-derived resins like polyester, which are heavily reliant on these prices.
The polyvinylidene fluoride segment accounted highest share of 32.56% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the material, the technical coil coatings market is classified into polyester, plastisol, polyvinylidene fluoride, silicon, and others. Among these, the polyvinylidene fluoride segment accounted highest share of 32.56% in 2023 and is expected to grow at a significant CAGR during the forecast period. PVDF coatings are perfect for construction and architecture since they can endure severe weathering for more than 30 years without losing their color or shine. Even after being exposed to UV light, they preserve the mechanical strength of steel and aluminum and prevent corrosion. As PVDF is non-stick is widely used for outside walls, pipeline exteriors, metal roofing, and cladding because it makes surface cleaning and maintenance easier.
The solvent-borne segment accounted for 30.53% of the market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the technology, the technical coil coatings market is divided into liquid coating, water-borne, solvent-borne, and powder coating. Among these, the solvent-borne segment accounted for 30.53% of the market share in 2023 and is expected to grow at a significant CAGR during the forecast period. Solvent-borne coatings are ideal for industrial settings and are suitable for various substrates like concrete, metal, wood, and plastic. They have good adhesion, quick drying, and low viscosity, making them suitable for high-production applications. These coatings provide gloss, hardness, flexibility, and UV resistance, making them suitable for vertical surfaces. The solvent-borne segment is driven by increased demand from metal fabrication, heavy machinery, automotive, and construction sectors.
The top coats segment accounted for the greatest share of 28.83% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the product type, the technical coil coatings market is divided into top coat, primer, backing coat, and others. Among these, the top coats segment accounted for the greatest share of 28.83% in 2023 and is expected to grow at a significant CAGR during the forecast period. Top coats are essential finishing layers in building applications, providing protection from environmental damage and enhancing aesthetics. They offer properties like scratch resistance, UV protection, and color fastness. Widely used in roofing, cladding, rain gutters, flashings, and curtain walls, they beautify and shield buildings from weathering. Rapid urbanization and infrastructure growth, are driving higher consumption of top coats. Their diverse aesthetics allow architects to achieve diverse designs.
North America is estimated to hold the largest share of the technical coil coatings market over the forecast period.
North America is estimated to hold the largest share of the technical coil coatings market over the forecast period. The construction and automobile industries in nations like the United States and Canada are thriving and are the main users of sophisticated coil coatings. Large quantities of coated steel and aluminum coils are needed for a variety of applications due to the size of American and Canadian businesses. Numerous international coating suppliers have established their biggest production facilities in this area to ensure prompt customer service due to the consistent demand.
Asia Pacific is predicted to have the fastest CAGR growth in the technical coil coatings market over the forecast period. Coated metal panels and roofing components are gaining popularity in emerging countries like China due to industrialization and infrastructure development. Urbanization in Vietnam and India has led to the use of pre-painted steel and aluminum building materials. Asia Pacific is the largest growing market for technical coil coatings.
Competitive Analysis
Major key players in the technical coil coatings market include PPG Industries Inc., BASF S.E., Akzo Nobel N.V., The Valspar Corporation, DowDuPont Inc., The Sherwin-Williams Company, Backers Group, Kansai Nerolac Paints Limited, ArcelorMittal, Arconic, BDM Coil Coaters, CENTRIA, Chemcoaters, Dura Coat Products, Goldin Metals Inc., Jupiter Aluminum Corporation, Norsk Hydro ASA, Novelis, Ralco Steels, Rautaruukki Corporation, and Others.
Recent Development
- In May 2023, Chemcoaters introduced a novel coil coating for cold-rolled (CR) and hot-rolled pickled and oiled (HRPO) steel that inhibits corrosion. This new product, FeGuard, is a thin-film coating made to give these substrates a high level of corrosion protection.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the technical coil coatings market based on the below-mentioned segments:
Global Technical Coil Coatings Market, By Material
- Polyester
- Plastisol
- Polyvinylidene Fluoride
- 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 Regional Analysis
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa