Technical Coil Coatings Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022 - 2027

Report Code: CMR 63946 Report Format: PDF + Excel

Technical Coil Coatings Market Overview

The technical coil coatings market size is forecast to reach US$6.7 billion by 2027 after growing at a CAGR of 5.1% during 2022-2027. Technical coil coating refers to the coating of metal coils before fabrication into end products in a continuous method, done through processes involving such as roller coater and electrical curing. The demand for pre-painted metals is increasing in several end-use industries owing to their superior scratch resistance and corrosion resistance properties. Technical coil coatings are extensively used in the construction industry where pre-painted metals are utilized for facades, ceiling systems, roofs, gutters, and several other components. The construction industry is exhibiting tremendous growth in the world with increasing construction activities and in turn, this is projected to drive the growth of the market in the forecast period. For instance, as per the stats by India Brand Equity Foundation, FDIs in the construction development sector (townships, housing, built up infrastructure, and construction development projects) recorded at USD 26.14 billion between April 2000 and June 2021. Furthermore, technical coil coatings use is gaining traction in the production of numerous consumer electronic products such as refrigerators, dryers, water heaters, and air conditioners. The demand for consumer electronics is rising with the increasing sales and this is anticipated to drive the growth of the technical coil coatings market during the forecast period. For instance, according to the July 2021 data by China.org.cn, consumer electronics export experienced a growth trajectory for 12 months in a row. The technical coil coatings lines use equipment like thermal oxidizers to accommodate the requirement of emission criteria as the market is associated with strict regulations and this might hamper the market’s growth during the forecast period.

COVID-19 Impact

The market was negatively impacted due to the COVID-19 pandemic as disturbances in the supply chain and the idling of factories reduced the business growth. Lockdown and cross-border movement restrictions ruptured the business in the market. Market players implemented several measures to maintain a standard business operation in the market. Moreover, the stagnant growth in multiple end-use industries further affected the business in the market. Going forward, the market is anticipated to witness robust growth due to the expansion in the construction and consumer electronics sector.

Report Coverage

The report: Technical Coil Coatings Market Report - Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Technical Coil Coatings Industry. 

By Material: Polyester, Polyurethane, Polyvinylidene Fluoride, Acrylic, Epoxy, Plastisol, Others

By Product Type: Topcoat, Back Coat, Primers, Others

By End Use: Construction (Residential, Commercial, (Office, Hotels and Restaurants, Concert Halls and Museums, Educational Institutes, Others)), Consumer Electronics, (Refrigerators, Dishwashers, Microwave Ovens, Heaters, Computers, Others), Automobile (Passenger Vehicle, Commercial Vehicle, (Light Commercial Vehicle, Heavy Commercial Vehicle)), Furniture (Desks, Cubical Divider Panels, Modular Cabinets, Others), Food and Beverage, Industrial, Agriculture, Others.

By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways:

  • Topcoat dominated the technical coil coatings market in 2021. This type of coating offers superior abrasion and corrosion resistance, allowing its high uses in the market.
  • The growth in consumer electronics sector is driving the market’s growth. As per the September 2020 data by the American Customer Satisfaction Index (ACSI), demand for PC in the US surged in the second quarter of 2020.
  • The Asia-Pacific region is projected to witness the highest demand for technical coil coatings owing to the expanding construction sector in the region. For instance, as per the stats by India Brand Equity Foundation, the construction market in India is anticipated to become the world’s third-largest by 2022.

Figure: Asia Pacific Technical Coil Coatings Market Revenue, 2021-2027 (US$ Billion)

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Technical Coil Coatings Market Segment Analysis - By Product Type

The topcoat segment dominated the technical coil coatings market in 2021. This type of technical coating, which is applied by passing the metal coil through the roller coater machine and using electrical curing process, offers protection to the metal strip against damage from external influence. Topcoat comes with excellent abrasion resistance, corrosion resistance, and helps in giving an aesthetic appearance, enabling its high uses in several end-use industries. Owing to such diverse properties, market players are focused on the higher development of topcoat solutions. For instance, in December 2021, Axalta Coating Systems LLC launched its new urethane-based topcoat, Imron Industrial Ultra 2.8 VOC Topcoat for construction and agricultural equipment. Such expansion of topcoat technical coil coatings is expected to increase its demand during the forecast period.

Technical Coil Coatings Market Segment Analysis - By End Use

The construction industry dominated the technical coil coatings market in 2021 and is growing at a CAGR of 5.6% during the forecast period. Technical coil coatings find their highest use in the construction sector. These types of coatings are applied to steel or aluminum coils through the roller coater process which is later used in several construction applications such as wall panels, roofs, ceiling systems, and many other ancillary components. The construction sector is expanding globally with increasing investments and project announcements and this is anticipated to propel the growth of the market during the forecast period. For instance, according to Eurostat’s August 2021 report, the building construction sector in the European Union and Euro Area grew by 3.8% and 3.1% respectively in June 2021. Similarly, according to the 2021 stats by India Brand Equity Foundation, demand for residential properties in India increased due to the country’s rising urbanization. Such huge expansion in the construction industry is anticipated to bolster the high use of technical coil coatings in several construction applications, thereby propelling the growth of the market during the forecast period.

Technical Coil Coatings Market Segment Analysis - By Geography

The Asia-Pacific region held the largest market share in the technical coil coatings market in 2021, up to 34%. The high demand for technical coil coatings is attributed to the booming construction sector in the region. These high-performance coatings are utilized in the region’s various construction activities ranging from building panels to ceiling systems and roofs. The construction industry is displaying tremendous growth in the region and this is projected to augment the high demand for technical coil coatings in the region. For instance, according to the report by trade.gov, China’s construction industry revenue value is expected to touch US$ 1.1 trillion in 2021 compared to US$ 968 billion in 2019. Similarly, as per the stats by InvestIndia, construction market output in India is anticipated to witness growth on average by 7.1% each year by 2025. Such massive growth in the region’s construction sector is projected to stimulate the higher demand for technical coil coatings during the forecast period.

Technical Coil Coatings Market – Drivers

Growing consumer electronics sector will drive the market’s growth

Consumer electronics is one of the most important markets for technical coil coatings. These coatings are used in the manufacturing of a wide variety of electronic items such as refrigerators, washing machines, heaters, microwaves, computers, and many more. The consumer electronics sector is exhibiting outstanding growth and this, in turn, is projected to drive the market’s growth in the forecast period. For instance, according to the September 2021 stats by China.org.cn, China’s Zhejiang experienced a surge in online retail sales where consumer electronics ranked in the top categories. Similarly, as per the September 2021 report by UK’s Office for National Statistics, the import value of consumer electronics in the European Union recorded at 109.2 in the first quarter of 2021 which stood at 108.4 in the first quarter of 2020. Such high growth in the consumer electronics sector globally is anticipated to bolster the demand for technical coil coatings, thereby contributing to the market’s growth during the forecast period.

Expanding construction sector will drive the market’s growth

The construction sector is one of the largest markets for technical coil coatings. These high-performance coatings are applied to aluminum or steel coils with the help of a roller coater which is later utilized in various construction applications such as interior panels, exterior panels, roof deck, and ceiling systems. The construction industry is expanding globally with increasing construction activity and in turn, this is projected to drive the growth of the market during the forecast period. For instance, according to the report by India Brand Equity Foundation, the residential sector in India is anticipated to grow significantly as the central government announced the plan to build 20 million affordable homes across the country by 2022. Similarly, as per the stats by European Construction Industry Federation, net investment in new construction works was recorded at USD 13.46 billion in 2020 which was 9.3% higher than 2019. Such massive expansion in the construction sector globally is projected to augment the higher requirement of technical coil coatings, in turn driving the market’s growth during the forecast period.

Technical Coil Coatings Market – Challenges

The strict regulations regarding the use of technical coil coatings might hamper the market’s growth

The market is associated with the release of hazardous air pollutants which is a key challenge and this might affect the market’s growth during the forecast period. The technical coil coating line involves a thermal oxidizer to control the emission of volatile organic compounds from technical coil coatings. Owing to this challenge, various governing bodies closely monitor the use of these high-performance coatings. For instance, the Environmental Protection Agency identified metal coil coating as a key source of hazardous air pollutant emission and strictly regulates their high uses. Such regulations and close monitoring might affect the market’s growth during the forecast period.

Technical Coil Coatings Market Industry Outlook

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the technical coil coatings market. Global Technical Coil Coatings top 10 companies include:

  1. AkzoNobel
  2. PPG Industries
  3. Axalta Coatings System LLC
  4. Beckers Group
  5. Sherwin Williams
  6. The Valspar Corporation
  7. BASF SE
  8. Henkel AG & Co. KGaA
  9. Mondine Coatings
  10. Kansai Nerolac Paints Limited

Recent Developments

  • In February 2021, AkzoNobel announced the launch of its color program CERAM-A-STAR 1050 Select. This product launch allowed the company to expand its coil coating technology portfolio.
  •  In October 2021, PPG displayed its four new coil coatings at METALCON 21 event. Through this development, the company expanded its technical coil coatings portfolio.

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1. Technical Coil Coatings Market- Market Overview
    1.1 Definitions and Scope
2. Technical Coil Coatings Market- Executive Summary
    2.1 Key Trends by Material
    2.2 Key Trends by Product Type
    2.3 Key Trends by End Use
    2.4 Key Trends by Geography
3. Technical 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. Technical 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. Technical 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. Technical 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 customers
        6.3.3 Threat of new entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of substitutes
7. Technical Coil Coatings Market-Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product/Market life cycle
    7.4 Distributors Analysis - Major Companies
8. Technical Coil Coatings Market Segment Analysis – By Material (Market Size -US$ Million, Billion)
    8.1 Polyester
    8.2 Polyurethane
    8.3 Polyvinylidene Fluoride
    8.4 Acrylic
    8.5 Epoxy
    8.6 Plastisol
    8.7 Others
9. Technical Coil Coatings Market Segment Analysis – By Product Type (Market Size -US$ Million, Billion)
    9.1 Topcoat
    9.2 Back Coat
    9.3 Primers
    9.4 Others
10. Technical Coil Coatings Market Segment Analysis – By End Use (Market Size -US$ Million, Billion)
    10.1 Construction
        10.1.1 Residential
        10.1.2 Commercial
            10.1.2.1 Office
            10.1.2.2 Hotels and Restaurants
            10.1.2.3 Concert Halls and Museums
            10.1.2.4 Educational Institutes
            10.1.2.5 Others
    10.2 Consumer Electronics
        10.2.1 Refrigerators
        10.2.2 Dishwashers
        10.2.3 Microwave Ovens
        10.2.4 Heaters
        10.2.5 Computers
        10.2.6 Others
    10.3 Automobile
        10.3.1 Passenger Vehicle
        10.3.2 Commercial Vehicle
            10.3.2.1 Light Commercial Vehicle
            10.3.2.2 Heavy Commercial Vehicle
    10.4 Furniture
        10.4.1 Desks
        10.4.2 Cubical Divider Panels
        10.4.3 Modular Cabinets
        10.4.4 Others
    10.5 Food and Beverage
    10.6 Industrial
    10.7 Agriculture
    10.8 Others
11. Technical Coil Coatings Market Segment Analysis - By Geography (Market Size -US$ Million / Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Technical Coil Coatings Market-Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Technical Coil Coatings Market- Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix- Major Companies
    13.2 Market Share at Global Level- Major companies
    13.3 Market Share by Key Region- Major companies
    13.4 Market Share by Key Country- Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category- Major companies
14. Technical Coil Coatings Market- Key Company List by Country Premium Premium 
15. Technical Coil Coatings Market Company Analysis- Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES

1.Global Coil Coatings Market Analysis and Forecast , By Technology Market 2019-2024 ($M)
2.Global Coil Coatings Market Analysis and Forecast , By Product Type Market 2019-2024 ($M)
3.Global Coil Coatings Market Analysis and Forecast , By Material Market 2019-2024 ($M)
4.Global Coil Coatings Market Analysis and Forecast , By End Use Market 2019-2024 ($M)
5.Global Competition Landscape Market 2019-2024 ($M)
6.Global Coil Coatings Market Analysis and Forecast , By Technology Market 2019-2024 (Volume/Units)
7.Global Coil Coatings Market Analysis and Forecast , By Product Type Market 2019-2024 (Volume/Units)
8.Global Coil Coatings Market Analysis and Forecast , By Material Market 2019-2024 (Volume/Units)
9.Global Coil Coatings Market Analysis and Forecast , By End Use Market 2019-2024 (Volume/Units)
10.Global Competition Landscape Market 2019-2024 (Volume/Units)
11.North America Coil Coatings Market Analysis and Forecast , By Technology Market 2019-2024 ($M)
12.North America Coil Coatings Market Analysis and Forecast , By Product Type Market 2019-2024 ($M)
13.North America Coil Coatings Market Analysis and Forecast , By Material Market 2019-2024 ($M)
14.North America Coil Coatings Market Analysis and Forecast , By End Use Market 2019-2024 ($M)
15.North America Competition Landscape Market 2019-2024 ($M)
16.South America Coil Coatings Market Analysis and Forecast , By Technology Market 2019-2024 ($M)
17.South America Coil Coatings Market Analysis and Forecast , By Product Type Market 2019-2024 ($M)
18.South America Coil Coatings Market Analysis and Forecast , By Material Market 2019-2024 ($M)
19.South America Coil Coatings Market Analysis and Forecast , By End Use Market 2019-2024 ($M)
20.South America Competition Landscape Market 2019-2024 ($M)
21.Europe Coil Coatings Market Analysis and Forecast , By Technology Market 2019-2024 ($M)
22.Europe Coil Coatings Market Analysis and Forecast , By Product Type Market 2019-2024 ($M)
23.Europe Coil Coatings Market Analysis and Forecast , By Material Market 2019-2024 ($M)
24.Europe Coil Coatings Market Analysis and Forecast , By End Use Market 2019-2024 ($M)
25.Europe Competition Landscape Market 2019-2024 ($M)
26.APAC Coil Coatings Market Analysis and Forecast , By Technology Market 2019-2024 ($M)
27.APAC Coil Coatings Market Analysis and Forecast , By Product Type Market 2019-2024 ($M)
28.APAC Coil Coatings Market Analysis and Forecast , By Material Market 2019-2024 ($M)
29.APAC Coil Coatings Market Analysis and Forecast , By End Use Market 2019-2024 ($M)
30.APAC Competition Landscape Market 2019-2024 ($M)
31.MENA Coil Coatings Market Analysis and Forecast , By Technology Market 2019-2024 ($M)
32.MENA Coil Coatings Market Analysis and Forecast , By Product Type Market 2019-2024 ($M)
33.MENA Coil Coatings Market Analysis and Forecast , By Material Market 2019-2024 ($M)
34.MENA Coil Coatings Market Analysis and Forecast , By End Use Market 2019-2024 ($M)
35.MENA Competition Landscape Market 2019-2024 ($M)

LIST OF FIGURES

1.US Technical Coil Coatings Market Revenue, 2019-2024 ($M)
2.Canada Technical Coil Coatings Market Revenue, 2019-2024 ($M)
3.Mexico Technical Coil Coatings Market Revenue, 2019-2024 ($M)
4.Brazil Technical Coil Coatings Market Revenue, 2019-2024 ($M)
5.Argentina Technical Coil Coatings Market Revenue, 2019-2024 ($M)
6.Peru Technical Coil Coatings Market Revenue, 2019-2024 ($M)
7.Colombia Technical Coil Coatings Market Revenue, 2019-2024 ($M)
8.Chile Technical Coil Coatings Market Revenue, 2019-2024 ($M)
9.Rest of South America Technical Coil Coatings Market Revenue, 2019-2024 ($M)
10.UK Technical Coil Coatings Market Revenue, 2019-2024 ($M)
11.Germany Technical Coil Coatings Market Revenue, 2019-2024 ($M)
12.France Technical Coil Coatings Market Revenue, 2019-2024 ($M)
13.Italy Technical Coil Coatings Market Revenue, 2019-2024 ($M)
14.Spain Technical Coil Coatings Market Revenue, 2019-2024 ($M)
15.Rest of Europe Technical Coil Coatings Market Revenue, 2019-2024 ($M)
16.China Technical Coil Coatings Market Revenue, 2019-2024 ($M)
17.India Technical Coil Coatings Market Revenue, 2019-2024 ($M)
18.Japan Technical Coil Coatings Market Revenue, 2019-2024 ($M)
19.South Korea Technical Coil Coatings Market Revenue, 2019-2024 ($M)
20.South Africa Technical Coil Coatings Market Revenue, 2019-2024 ($M)
21.North America Technical Coil Coatings By Application
22.South America Technical Coil Coatings By Application
23.Europe Technical Coil Coatings By Application
24.APAC Technical Coil Coatings By Application
25.MENA Technical Coil Coatings By Application