Global Coil Coatings Market to Grow at a CAGR of 6.4% During 2024-2032, Aided by the Flourishing Construction, Automotive, and Electrical and Electronics Sectors

Continued technological progress drives advancements in high-performance coil coating solutions, addressing needs for durability, corrosion resistance, and environmental sustainability. The development of smart coatings that respond to external factors and ecologically sound formulations, aligning with stringent regulations, represent key trends shaping the coil coatings market growth.

The construction industry represents the largest end-market for coil coatings. Polyester resin, silicone-modified polyester, and polyvinylidene fluorides (PVDF) or fluoropolymer resins are extensively utilised in building applications. With building codes increasingly emphasising energy efficiency, home builders and homeowners are progressively adopting construction practices that provide performance benefits and energy cost savings over the lifetime of the structure.

Further, coil coatings leverage infrared reflective pigment technology to help lower the indoor temperature of buildings. This technique incorporates pigments that reflect infrared radiation, thereby reducing the amount of heat absorbed by building materials. As a result, less energy is required for cooling, yielding savings on energy costs over time. By reflecting heat rather than absorbing it, coil coatings with infrared reflective pigments represent an energy-efficient solution for coil products used in construction applications.

PPG Industries, Inc. (NYSE: PG) offers coil coatings that are applied to metal roofing and wall panels as well as HVAC equipment across various industries, including transportation and general industrial products. These coatings withstand the most rigorous conditions found in residential, commercial, and industrial settings as well as certain severe environmental exposures. PPG's DURASTAR® ULTRA-COOL® silicone-modified polyester (SMP) coatings provide superior exterior durability for metal roofing and wall panels used in agricultural, industrial, commercial, and residential construction applications.

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Market Breakup by Resin Type, Application, End User, and Region:

• On the basis of the resin type, the market is categorised into fluoropolymer, polyester, siliconised polymer, and plastisol, among others.

• The market can be segmented based on application into aluminium and steel, among others.

• On the basis of the end user, the market is divided into building and construction, appliance, and automotive, among others.

• By region, the market can be classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The coil coatings market expansion is being driven by the robust growth of the building and construction industry. Coil coatings are increasingly being applied to interior and exterior wall panels, ceilings, and other applications. Their use in developing architectural components is fuelling the market growth.

• Continuous product innovations, including the development of nano-coatings and smart coatings that enhance performance and broaden application potential, are driving the market expansion. In addition, rising demand from end-use sectors such as construction and automotive is propelling the growth of the market.

• Various downstream markets necessitate the requirement for higher-performing, more durable and esthetically pleasing coated steel products. Meanwhile, ongoing R&D efforts focused on creating eco-friendly and sustainable coating solutions are likely to further support the market growth in the coming years.

Key Offerings of the Report:

• The EMR report gives an overview of the global coil coatings market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the resin types, applications, end users, and major regions of coil coatings.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global coil coatings market are Akzo Nobel N.V., BASF SE, DuPont de Nemours, Inc., Kansai Paint Co., Ltd., PPG Industries, Inc., Beckers Group, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Wacker Chemie AG, and Bulk Chemicals, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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