Coil Coatings Market Trends

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

Base Year	2024
Forecast Year	2025-2037
CAGR	8.8%
Base Year Market Size (2024)	USD 58.84 billion
Forecast Year Market Size (2037)	USD 176.34 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of coil coatings is evaluated at USD 63.03 billion.

The coil coatings market size was valued at USD 58.84 billion in 2024 and is projected to exceed USD 176.34 billion by the end of 2037, registering over 8.8% CAGR during the forecast period i.e., between 2025-2037. Worldwide growth in coating industry, rising use of alloy, metals, and steel, significant increase in construction industry, and boost in automotive industry will drive the market growth.

North America industry is anticipated to hold largest revenue share by 2037, backed by surging use of coil coatings in manufacturing of furniture, and significant growth of construction sector in the region.

The major players in the market include DuPont de Nemours, Inc., PPG Industries, Inc., Henkel AG & Co. KGaA, Akzo Nobel N.V., Kansai Paint Co., Ltd., Eastman Chemical Company, and others.

Coil Coatings Market Trends