Global Coil Coatings Market Trends, Forecast Report 2025-2037
Coil Coatings Market size is projected to increase from USD 58.84 billion to USD 176.34 billion, demonstrating a CAGR of over 8.8% during the forecast period, from 2025 through 2037. In the year 2025, the industry size of coil coatings is evaluated at USD 63.03 billion.
The market demand is attributed to rising penetration of coil coatings in various industries such as construction, automotive and other industries, and rapid growth in manufacturing industry across the globe. For instance, global manufacturing output is expected to be worth around USD43 trillion by the end of 2022.
Coil coatings are a technique for coating and painting metal sheets like steel and aluminium. Polyester, silicone-modified polyester, polyvinylidene fluoride (PVDF), and other materials are used to make these coil coatings. These coats are available in various ranges of colors and finishes. Coil coating system consists of top coat, back coat and primer. This coating system is substituting the traditional process of manufacturing of metal coils. Coil coating system is widely adopted by industries owing to the various factors such as higher productivity, anti-corrosion, low thermal conductivity, and low impact on environment.
Furthermore, rising use of polyvinylidene fluoride (PVDF) coatings in areas such as electric vehicles is anticipated to boost the market growth. For instance, PVDF, as one of the most vital polymeric materials with numerous scientific and technological applications, exhibits five crystalline polymorphs with α, β, γ, δ and ε phases obtained through various processing methods. Among them, phase PVDF has exceptional electronic characteristics such as piezo-, pyro-, and ferroelectric properties. These electroactive characteristics have become increasingly important in a variety of applications, including energy storage, spin valve devices, biomedicine, sensors, and smart scaffolds.
Coil Coatings Sector: Growth Drivers and Challenges
Growth Drivers
- Worldwide Growth in Coating Industry – Immense industrialization, and increasing use of coatings in various industries to paint or coat goods is fueling up the demand for coil coatings. For instance, in 2020, the worldwide paint and coating industry was anticipated to be worth of approximately USD 155 billion.
- Rising Use of Alloy, Metals, and Steel – Increasing use of alloy, metals and specially steel in pipelines, reactors is becoming a strong growth factor of coil coatings market. As per a report, the production of crude steel was reached nearly 1950 million tons in 2021. Whereas use of steel (in its finished form) touched the figure of around 1832 million tons in the same year.
- Significant Increase in Construction Industry - In 2019, the global construction industry generated nearly USD 2.1 trillion revenue.
- Boost in Automotive Industry - The global automotive industry is expected to generate nearly USD 1.7 trillion in revenue by the end of 2030.
- Worldwide Expansion in Chemical Industry – For instance, in 2021, the global chemical industry generated approximately USD 4.80 trillion revenue.
Challenges
- Increasing Cost of Raw Materials of Coil Coatings
- Growing Demand for Lightweight Materials in Automotive Industry
- Storage and Transportation Hurdles
Coil Coatings Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.8% |
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Base Year Market Size (2024) |
USD 58.84 billion |
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Forecast Year Market Size (2037) |
USD 176.34 billion |
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Regional Scope |
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Coil Coatings System Segmentation
End-user (Building & Construction, Industrial & Domestic Appliances, Consumer Durable Goods, Furniture, Automotive, HVAC)
The automotive segment in the coil coatings market is predicted to witness significant growth till 2037, on the back of rising production of passenger cars, and massive use of coil coatings in automotive industry. For instance, Indian automotive industry is projected to hit the mark of approximately USD 305 billion by the 2026 with an estimated production volume nearly 75 million units.
Our in-depth analysis of the global market includes the following segments:
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By Resin Type |
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By Application |
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By End-User |
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Customize this ReportCoil Coatings System Industry - Regional Synopsis
The market in North America is projected to hold largest share by the end of 2037, backed by surging use of coil coatings in manufacturing of furniture, and the significant growth of construction sector in the region. For instance, construction operations in North America are expected to grow around 2.6% in 2022, reaching nearly USD 1.96 trillion, higher from USD 1.90 trillion in 2021.
Companies Dominating the Coil Coatings System Landscape
- DuPont de Nemours, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- PPG Industries, Inc.
- Henkel AG & Co. KGaA
- Akzo Nobel N.V.
- Kansai Paint Co., Ltd.
- Eastman Chemical Company
- Nippon Paint Holdings Co., Ltd.
- Axalta Coating Systems, LLC
- Goldin Metals, Inc.
- Northern Coatings and Chemical Co.
In the News
- Nippon Paint Holdings Co., Ltd. launched two water-based antiviral and antibacterial paint products, "PROTECTON Floor VK Clear" for floors and "PROTECTON Interior Wall VK Coat" for interior walls. The products maintain excellent durability, reducing viruses by 99% or more after cleaning with wet wipes.
- DuPont de Nemours, Inc. acquired the Laird Performance Materials, a world leader in high-performance electromagnetic shielding and thermal management solutions.
Author Credits: Rajrani Baghel
- Report ID: 389
- Published Date: Jan 17, 2025
- Report Format: PDF, PPT
