North America & Mexico Coil Coatings Market - Forecast(2022 - 2027)

Report Code: CMR 1377 Report Format: PDF + Excel

North America & Mexico Coil Coatings Market Overview

The North America & Mexico coil coatings market size is forecast to reach US$1.4 billion in 2026, after growing at a CAGR of 3.6% during 2021-2026, due to increasing non-residential construction activities, including offices, institutions, clinics, health care centers, and factories. Coil coatings are highly used in the construction and automotive industry due to its aesthetic behavior such as anti-settling agents, anti-foaming agents, wetting agents, leveling agents, reactive diluents, plasticizers, and surface modifiers. In addition, many polymers are used in coil coatings such as polyvinylidene difluoride, polyester, polyurethane and plastisols for industrial applications. These coating plays a vital role for automotive aerospace, transportation, building & construction, and others. According to the US Census Bureau residential construction projects increases 11.7% in August, 11.6% in September, and 14.6% in October 2020. Apart from this, the U.S. construction companies expending more than US$10 trillion in goods & services and employing over 10 million workers. Thus, such factors are expected to grow North America & Mexico coil coatings industry.

Impact of COVID-19

The COVID-19 pandemic has changed the order of the supply chain of products. COVID-19 created change in the global market due to the temporarily closure of manufacturing plants. The industries such as automotive, transportation, construction had halted their progress. According to “International Organization of Motor Vehicle Manufacturers (OICA)”, vehicle production in North America fell by 20% in 2021. Thus, many countries including U.S. also shut their expenditure in construction sector, which has created hurdles for the North America & Mexico coil coatings market.

Report Coverage

The report: “North America & Mexico Coil Coatings Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the North America & Mexico Coil Coatings Industry.

By Resin Type: Polyester (Polyester Melamine and Siliconized Polyester), Polyurethane, Epoxy, Vinyl, Acrylics, Fluoropolymers (PVDF), Plastisol, and Others.
By Metal Substrate: Steel (Cold Rolled Steel, Hot Rolled Steel, Electro Galvanized Steel, and Hot Dip Galvanized Steel), Copper, Aluminum, and Others.
By Application: Automotive (Fuel Tanks, Under-hood, Body Panels, Brake Components, Automotive Exterior & Interior Trim Components, Engine Components, others), Appliance (HAVC, Refrigeration (Refrigerator Wrappers, Doors, Interior), Stove, Dishwasher, Washer or dryer, Ovens, Others)}, Building and Construction {Panel (Exterior Panels and Interior Panels), Wall Cladding, Roofing, Garage Doors, Indoor Applications, others)}, Furniture (Metal furniture, File cabinets, Partitions, and Others), Container/Packaging (Cans/Containers, (Ends, Tabs, Closures), (Barrel, Drums, Pails), others}, Transportation (Marine, Locomotive, and Aerospace), Electronics (Sings and Displays, Computer Components, Consumer Electronics, others), and Others.
By Country: United States, Canada, and Mexico. 

Key Takeaways

    • United States dominates the North America & Mexico coil coatings market owing to a growing population with housing demand and huge expenditure in residential and non-residential building construction.
    • Increasing demand for polyester with excellent durability, which has emerged recently with improved formulation making for a significantly improved durability, particularly in resistance to UV degradation is further fueling the demand for polyester coil coatings.
    • Increasing demand for lightweight materials like polyvinylidene difluoride and polyurethane in the automotive and transportation industry is likely to hamper the market growth.

    Figure: North America & Mexico Coil Coatings Market Revenue Share, By Country, 2020 (%)

    North America & Mexico Coil Coatings Market Revenue Share

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    North America & Mexico Coil Coatings Market Segment Analysis – By Resin Type

    Polyester held the largest share in North America & Mexico coil coatings industry by resin type segment with a share of 59% in 2020. Polyesters prevent from UV light and provide a basic barrier coat, which prevent corrosion of the substrate. Polyesters are used for internal and exterior building applications including wall and roof cladding in mild and dry climates. Polyester coatings are thick up to 60 µm, which offer extra durability in outdoor applications, while thinner polyester coatings are used where cost is important. Coil coatings which are used as surface modifier to improve surface properties and leveling agent due to their compatibility in several industrial sectors such as construction, electrical appliances and transport, are based on polyurethane, polyester and polyvinylidene difluoride. Thus, increasing demand of coil coatings are expected to grow market size.

    North America & Mexico Coil Coatings Market Segment Analysis – By Metal Substrate

    Steel held the largest share with more than 83% for North America & Mexico coil coatings market in 2020. The growing demand for cold rolled steel, hot rolled steel from the building and construction industry, where steel is used for facades, ceiling systems, and a variety of ancillary components drive the market growth. Steel provides various functionally to a wide range of various applications including building materials, home electric appliance, automotive, and other industries, which further influence the market growth.

    North America & Mexico Coil Coatings Market Segment Analysis – By Coat

    Prepainted coils lead the market of North America & Mexico coil coatings with a share of more than 40% in 2020. The uses of prepainted coils are increasing continuously because they offer excellent exterior durability. Hence, these are used in building panels, air conditioning outer panels, home appliance, commercial appliance, and others. Apart from this, coated coils are used in the transport sector and domestic appliance industry, as well as for furniture, doors and shutters, which will increase the demand of coil coatings in near future.

    North America & Mexico Coil Coatings Market Segment Analysis – By Application

    Building and Construction segment dominates the North America & Mexico coil coatings market in 2020 with a share of more than 82% during the forecast period. The major share can be owed to used surface modifiers for coil coatings that creates excellent scratch resistance for superior longevity, which makes it an ideal leveling agent for interior and exterior construction. Coil coating is a multi-layer coating of resins which is used to coat metal sheets. Preprinted metal is a perfect choice for interior and exterior wall panels. Coil coating is available in cool infrared reflective pigment technology. It saves energy and money to reduce building’s interior temperature. The U.S. construction industry is the world’s largest country, where planning for green construction techniques. Green construction techniques included building design which reduces electrical cost and preserving the environment. Thus, increasing demand for green building construction in U.S. will boost the North America & Mexico coil coatings market. The Canadian Government announced in 2020Canada's Strengthened Climate Plan to invest US$15 billion towards a healthy environment and US$1.5 billion for green buildings over five years. Hence, such factors will contribute to the growth of North America & Mexico coil coating market.

    North America & Mexico Coil Coatings Market Segment Analysis – By Country

    The United States dominated North America & Mexico Coil Coatings Market with share of more than 79% in 2020, due to booming construction activity and spending expenditure in residential and institutional buildings. Coil coatings are used as surface modifier to control surface lubricity and appearance. US non-residential sectors are rapidly growing due to increasing demand for housing with growing population, which is expected to boost the demand of North America & Mexico coil coatings market. Non-residential construction including lodging, commercial offices and education sector is expected to reach 473 billion U.S. dollars by 2024 in the United States. The value of new non-building construction is predicted to reach US$273 billion by 2024. Thus, the construction industry in United States is estimated to reach revenue of US$1,819.1 billion by 2024, which will increase market size of North America & Mexico coil coatings.

    North America & Mexico Coil Coatings Market Drivers

    Robust Growth in Construction Industry in USA

    Growth in infrastructure such as commercial buildings, factories, and industrial are promoting the market growth and improving connectivity as coil coatings offer weather and corrosion resistance to metals for a long period. The infrared technology in the coil coating aids in easing the building’s interior temperature, thereby saving energy. U.S. construction industry is to contract by 2.0% in 2021 and is expected to grow at a CAGR of 5% by 2024. Increase in residential building permit applications of over 4% year over year. Hence, the growth of construction sector in U.S. will be propel the demand of North America & Mexico coil coatings market.

    Growing Demand from Automotive Sector

    With high tensile strength and ecofriendly nature, coil coatings are widely used as leveling agent in aerospace applications. Due to good adhesion property along with product quality its demand is increasing from the industrial sector. Coil coatings has superior corrosion resistance and flexibility. Thus, increasing applications of coil coatings in the automotive industry have ushered the technical coil coatings market’s growth. In 2019, according to the American Automotive Policy Council, in the United States 10.8 million cars and trucks were produced. Additionally, 13.7 million were sold vehicles including cars and trucks in the U.S., Canada and Mexico. Hence, the production will increase around 12 million per year by 2025, which will boost North America & Mexico coil coatings market.

    North America & Mexico Coil Coatings Market Challenges

    Limitation in Storage and Transportation

    Transportation and storage of the coil coatings are major factors that hamper the market growth. The high energy and electricity consumption required for coil coating process and expensive coating technologies are the major limitation for the growth of the North America & Mexico coil coatings market. Whereas, the Increasing demand for lightweight materials like polyvinylidene difluoride and polyurethane in automotive industry and transportation difficulty of coil coating will pose as market challenges to the growth of coil coating market. The lack of safe transportation facilities of coil coating in the emerging and developing economies may hamper the coil coating adoption. Further, the coil coatings preserve oil to maintain the finishing. Coil coatings require certain precautions to maintain their quality, which can hamper the market of coil coatings.

    Market Landscape

    Technology launches, acquisitions and R&D activities are key strategies adopted by players in the North America & Mexico Coil Coatings Market. Major players in the North America & Mexico Coil Coatings Market are:

    1. Material Sciences Corporation
    2. Mitsubishi Chemical America, Inc.
    3. Aleris Corporation
    4. Metal Coater Systems
    5. PPG Industries
    6. AkzoNobel 
    7. Beckers Group
    8. Axalta Coatings Systems
    9. NIPPONPAINT Co., Ltd.
    10. Kansai Paint Co., Ltd.
    11. Sherwin-William Company, and among others.

    Acquisitions/Technology Launches

    • In December 2020, the coil coatings division of Sherwin-William Company has launched a new platform for its polyester technologies PolyPREMIER™. The company will continue to be developed and enhanced PolyPREMIER™ line in the future, which make it easy for consumers in various application.
    • In July 2020, AkzoNobel launched TRINAR A-CLAD, a new coil coating system for aluminum composite panels. TRINAR A-CLAD is a high-performance polyvinylidene fluoride (PVDF) coil coating system, which is very useful for commercial and monumental aluminum composite panel projects. 

    Relevant Reports

    North America Coil Coatings Market – Forecast (2021 - 2026)
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    Coil Coatings Market – Forecast (2021 - 2026)
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    1. North America & Mexico Coil Coatings Market- Market Overview
        1.1 Definitions and Scope 
    2. North America & Mexico Coil Coatings Market - Executive Summary
        2.1 Key Trends by Resin Type
        2.2 Key Trends by Metal Substrate
        2.3 Key Trends by Coat
        2.4 Key Trends by Application
        2.5 Key Trends by Country
    3. North America & Mexico Coil Coatings Market – Comparative analysis 
        3.1 Market Share Analysis- Major Companies
        3.2 Product Benchmarking- Major Companies
        3.3 Top 5 Financials Analysis
        3.4 Patent Analysis- Major Companies
        3.5 Pricing Analysis (ASPs will be provided)
    4. North America & Mexico Coil Coatings Market - Startup companies Scenario Premium Premium 
        4.1 Major startup company analysis:
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Product portfolio
            4.1.4 Venture Capital and Funding Scenario
    5. North America & Mexico Coil Coatings Market – Industry Market Entry Scenario Premium Premium 
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing Business Index
        5.3 Successful Venture Profiles
        5.4 Customer Analysis – Major companies
    6. North America & Mexico Coil Coatings Market - Market Forces
        6.1 Market Drivers
        6.2 Market Constraints
        6.3 Porters Five Force Model
            6.3.1 Bargaining Power of Suppliers
            6.3.2 Bargaining Powers of Buyers
            6.3.3 Threat of New Entrants
            6.3.4 Competitive Rivalry
            6.3.5 Threat of Substitutes 
    7. North America & Mexico Coil Coatings Market – Strategic Analysis
        7.1 Value Chain Analysis
        7.2 Opportunity Analysis
        7.3 Product/Market Life Cycle
        7.4 Distributor Analysis – Major Companies 
    8. North America & Mexico Coil Coatings Market – By Resin Type (Market Size -$Million/Billion)
        8.1 Polyester
            8.1.1 Polyester Melamine
            8.1.2 Siliconized Polyester
        8.2 Polyurethane
        8.3 Epoxy
        8.4 Vinyl
        8.5 Acrylics
        8.6 Fluoropolymers (PVDF)
        8.7 Plastisol
        8.8 Others
    9. North America & Mexico Coil Coatings Market - By Metal Substrate (Market Size -$Million/Billion)
        9.1 Steel
            9.1.1 Cold Rolled Steel
            9.1.2 Hot Rolled Steel
            9.1.3 Electro Galvanized Steel
            9.1.4 Hot Dip Galvanized Steel
            9.1.5 Others
        9.2 Copper
        9.3 Aluminum
        9.4 Others
    10. North America & Mexico Coil Coatings Market - By Coat (Market Size -$Million/Billion)
    11. Prepainted
    12. Coated
    13. Bare
    14. North America & Mexico Coil Coatings Market - By Application (Market Size -$Million/Billion)
        14.1 Automotive
            14.1.1 Fuel Tanks
            14.1.2 Under-hood
            14.1.3 Body Panels
            14.1.4 Brake Components
            14.1.5 Automotive Exterior & Interior Trim Components
            14.1.6 Engine Components
            14.1.7 Others
        14.2 Appliance
            14.2.1 HAVC
            14.2.2 Refrigeration
            14.2.2.1 Refrigerator Wrappers
            14.2.2.2 Doors
            14.2.2.3 Interiors
            14.2.2 Stove
            14.2.3 Dishwasher
            14.2.4 Washer or dryer
            14.2.5 Ovens
            14.2.6 Others
        14.3 Building and Construction
            14.3.1 Panel
            14.3.1.1 Exterior Panels
            14.3.1.2 Interior Panels
            14.3.2 Wall Cladding
            14.3.3 Roofing
            14.3.4 Indoor Applications
            14.3.5 Others
        14.4 Furniture
            14.4.1 Metal furniture
            14.4.2 File cabinets
            14.4.3 Partitions
            14.4.4 Others
        14.5 Container/Packaging
            14.5.1 Cans/Containers
            14.5.2 Ends, Tabs, Closures
            14.5.3 Barrel, Drums, Pails
            14.5.4 Others
        14.6 Transportation
            14.6.1 Marine
            14.6.2 Locomotive
            14.6.3 Aerospace
        14.7 Electronics
            14.7.1 Sings and Displays
            14.7.2 Computer Components
            14.7.3 Consumer Electronics
            14.7.4 Others
        14.8 Others
    15. North America & Mexico Coil Coatings Market - By Country (Market Size -$Million/Billion)
        15.1 United States
        15.2 Canada
        15.3 Mexico
    16. North America & Mexico Coil Coatings Market – Entropy
        16.1 New Product Launches
        16.2 M&As, Collaborations, JVs and Partnerships
    17. North America & Mexico Coil Coatings Market – Industry/Segment Competition Landscape Premium
        17.1 Market Share at Global Level - Major companies
        17.2 Market Share by Key Region - Major companies
        17.3 Market Share by Key Country - Major companies
        17.4 Market Share by Key Application - Major companies
        17.5 Market Share by Key Product Type/Product category - Major companies
    18. North America & Mexico Coil Coatings Market – Key Company List by Country Premium Premium
    19. North America & Mexico Coil Coatings Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
        19.1 Company 1
        19.2 Company 2
        19.3 Company 3
        19.4 Company 4
        19.5 Company 5
        19.6 Company 6
        19.7 Company 7
        19.8 Company 8
        19.9 Company 9
        19.10 Company 10 and more
    "*Financials would be provided on a best efforts basis for private companies"