세계의 코일 코팅 시장 예측 : 수지 유형별, 최종 사용자별, 지역별(-2030년)

According to Stratistics MRC, the Global Coil Coatings Market is accounted for $9.66 billion in 2024 and is expected to reach $15.75 billion by 2030 growing at a CAGR of 8.5% during the forecast period. Coil coatings are a specialized type of industrial coating applied to coils of metal substrates, primarily steel and aluminum, before they are formed into end products. This process involves the application of layers of protective coatings, typically consisting of primer, topcoat, and sometimes backer coats, onto metal coils using continuous coil coating lines. These coatings serve multiple purposes, including corrosion resistance, weatherability, aesthetics, and durability.

According to OICA, in 2022, automobile production in the country amounted to 5,456,857 units, which showed an increase of 24% compared to 2020.

Market Dynamics:

Driver:

Rising demand for durability and aesthetics

As consumers and industries alike seek long-lasting solutions with visually appealing finishes, coil coatings offer a versatile and efficient option. These coatings, applied to coils of metals like steel and aluminum, provide protection against corrosion, weathering, and abrasion while also allowing for customization in terms of color, texture, and gloss. Furthermore, industries such as construction, automotive, and appliances are particularly driving this trend, where durable coatings not only ensure prolonged lifespan but also enhance the visual appeal of products and structures.

Restraint:

Volatility in raw material prices

Volatility in raw material prices poses a significant challenge for the Coil Coatings Market due to its direct impact on production costs and profitability. Coil coatings, used primarily in industries such as construction, automotive, and appliances, rely heavily on various raw materials like resins, pigments, and solvents. Fluctuations in the prices of these materials can disrupt production planning and pricing strategies, leading to uncertainty for manufacturers and consumers alike. However, sudden spikes in raw material costs may compel coating companies to adjust their prices, potentially driving customers away or reducing profit margins.

Opportunity:

Growing preference for pre-painted metal substrates

The burgeoning preference for pre-painted metal substrates is catalyzing substantial growth within the Coil Coatings Market. This trend stems from several factors, including the enhanced durability, aesthetics, and sustainability offered by pre-painted metal surfaces. Manufacturers and consumers alike are drawn to the convenience and cost-effectiveness of pre-painted substrates, which eliminate the need for on-site painting processes, thereby reducing both time and labor expenses. Additionally, the rise of eco-conscious consumer preferences aligns well with the sustainability benefits of pre-painted metal, as it reduces VOC emissions and energy consumption associated with in-situ painting.

Threat:

Bare edges limits the use of coil coatings

The presence of bare edges poses a significant challenge in the utilization of coil coatings, thereby impeding the growth of the Coil Coatings Market. Bare edges, where the coating fails to cover the entire surface of the metal substrate, are susceptible to corrosion and other forms of degradation. However, this undermines the protective properties of the coating and compromises the longevity and performance of coated materials.

Covid-19 Impact:

The Covid-19 pandemic significantly impacted the coil coatings market, primarily due to disruptions in supply chains, fluctuating demand, and economic uncertainty. As construction projects stalled and manufacturing activities slowed down, the demand for coil coatings, which are crucial for protecting metal surfaces in various industries like construction, automotive, and appliances, experienced a downturn. Lockdown measures and restrictions on movement further exacerbated these challenges, leading to production delays and reduced consumption. However, as economies gradually reopened and recovery efforts intensified, the coil coatings market showed signs of rebounding, driven by increased construction activities, infrastructure projects, and a resurgence in manufacturing demand, albeit at a slower pace compared to pre-pandemic levels.

The Polyester segment is expected to be the largest during the forecast period

Polyester segment is expected to be the largest during the forecast period. Polyester coatings offer durability, weather resistance, and color retention, making them ideal for various industries such as construction, automotive, and appliances. Their ability to withstand harsh environmental conditions, including UV radiation and corrosion, ensures longevity and reduced maintenance costs for coated products. Moreover, polyester coatings provide excellent flexibility, enabling them to adapt to the contours of different substrates, enhancing their aesthetic appeal.

The Furniture segment is expected to have the highest CAGR during the forecast period

Furniture segment is expected to have the highest CAGR during the forecast period. Coil coatings offer durability, corrosion resistance, and aesthetic appeal, making them ideal for protecting furniture surfaces from wear and tear, weathering, and chemical damage. As the furniture industry continues to evolve, manufacturers are increasingly turning to coil coatings to meet consumer demands for longevity and visual appeal in their products. Moreover, coil coatings enable efficient production processes, allowing furniture manufacturers to achieve cost savings and environmental sustainability goals.

Region with largest share:

As countries in this region undergo rapid urbanization and industrialization, there's a growing demand for durable and aesthetically pleasing coatings to protect various infrastructure components like buildings, bridges, and industrial structures from corrosion and weathering, Asia Pacific region commanded the largest share of the market over the projection period. Coil coatings offer several advantages including superior durability, weather resistance, and color retention, making them ideal for use in large-scale construction projects across the region. Moreover, the emphasis on sustainability and energy efficiency is driving the regional adoption of coil coatings that are formulated to reflect solar radiation, reducing the need for air conditioning and enhancing energy efficiency in buildings.

Region with highest CAGR:

Asia Pacific region is poised to witness profitable growth over the projection period. With a growing emphasis on environmental sustainability and product safety, governments are implementing stricter regulations pertaining to volatile organic compound (VOC) emissions and hazardous substances used in coatings across the region. These regulations are compelling manufacturers in the coil coatings industry to develop environmentally friendly formulations with lower VOC content and reduced toxicity in the region. Consequently, the regulatory landscape in the Asia Pacific region is catalyzing innovation and fostering the expansion of the coil coatings market.

Key players in the market

Some of the key players in Coil Coatings market include Alumax Industrial Co., Ltd., Alumetal Group, Axalta Coating Systems, BASF SE, Beckers Group, Berger Paints India Limited, DuPont (Axalta Coating Systems), Henkel AG & Co. KGaA, IFS Coatings, Magni Industries, Inc., Nippon Paint Holdings Co., Ltd., PPG Asian Paints Private Limited, RPM International Inc., The Chemours Company, Valspar Corporation and VPL Limited.

Key Developments:

In April 2022, BlueScope Steel Limited entered into a binding agreement to acquire the Coil Coatings business from Cornerstone Building Brands Inc for USD 500 million. Coil Coatings is the second largest metal painter in the US, with a total capacity of around 900,000 tons per annum across seven facilities, predominantly serving commercial and industrial construction applications.

In January 2022, The Beckers Group collaborated with steel and aluminum coil coating customers to develop and trail the necessary solutions and decarbonize the steel and aluminum coating industries.

Resin Types Covered:

• Plastisols
• Polyester
• Polyurethane (PU)
• Polyvinylidene Fluorides (PVDF)
• Other Resin Types

End Users Covered:

• Building and Construction
• Furniture
• Industrial and Domestic Appliances
• Automotives
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Coil Coatings Market, By Resin Type

• 5.1 Introduction
• 5.2 Plastisols
• 5.3 Polyester
• 5.4 Polyurethane (PU)
• 5.5 Polyvinylidene Fluorides (PVDF)
• 5.6 Other Resin Types

6 Global Coil Coatings Market, By End User

• 6.1 Introduction
• 6.2 Building and Construction
• 6.3 Furniture
• 6.4 Industrial and Domestic Appliances
• 6.5 Automotives
• 6.6 Other End Users

7 Global Coil Coatings Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 Alumax Industrial Co., Ltd.
• 9.2 Alumetal Group
• 9.3 Axalta Coating Systems
• 9.4 BASF SE
• 9.5 Beckers Group
• 9.6 Berger Paints India Limited
• 9.7 DuPont (Axalta Coating Systems)
• 9.8 Henkel AG & Co. KGaA
• 9.9 IFS Coatings
• 9.10 Magni Industries, Inc.
• 9.11 Nippon Paint Holdings Co., Ltd.
• 9.12 PPG Asian Paints Private Limited
• 9.13 RPM International Inc.
• 9.14 The Chemours Company
• 9.15 Valspar Corporation
• 9.16 VPL Limited