Anticipating the Future: Technical Coil Industry on Track for US$ 13.0 Billion by 2027

The technical coil coatings market is anticipated to reach US$ 10.3 billion in sales by 2022. The market is estimated to reach US$ 13.0 billion by 2027, with a 4.9% CAGR.

Technical coil coating is a continuous technique that involves covering a metal strip with a coating solution. A chemical pre-treatment of one or both sides of the metal surface precedes the technical coil coating procedure. Construction, transportation, and furnishings are among the businesses that apply the technology.

In the worldwide technical coil coatings market, APEJ and MEA are predicted to have significant market potential. Manufacturers are also expected to introduce innovative technologies, such as water-based solutions, e-coatings, and UV primers, to the market. These are radiation-curable paint treatments that are intended to appeal to the general public while also generating cash for corporations.

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Global Technical Coil Coatings Market: Drivers

The growing need for corrosion-free products has benefited the global technical coil coatings market’s revenue growth. The need for high-quality components used in the manufacture of various consumer durable goods, as well as in the electricity and power industries, is growing. People want more finished things for both personal and commercial use.

Investment is also expanding in the coatings business. All of these factors have substantially supported the growth of the global technical coil coatings market. Companies are even expanding their local production in order to boost their regional market position. The majority of businesses enter the market with the assistance of local suppliers. These firms then expand their presence in the region by selecting acquiring local partners/suppliers.

Global Technical Coil Coatings Market: Segmental Analysis

• Among the various regional markets, Asia Pacific Excluding Japan is expected to witness the fastest growth. The region is also anticipated to hold the largest market share with a valuation of over US$ 700 Mn by the end of 2027
• In terms of product type, both top coats and primers are expected to turn out to be the most attractive segments with the fastest growth rate during the forecast period
• On the basis of material type, polyester is the dominating segment in the global market, with an estimated market share of over US$ 1,600 Mn by the end of 2027
• Based on application, steel is the dominant segment with a projected market value of over US$ 1,700 Mn by the end of 2027. The steel market is expected to grow at a CAGR of 4.8% during the forecast period
• On the basis of end user, the body panel segment is likely to hold maximum market value share and growth rate during the forecast period

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Global Technical Coil Coatings Market: Competitive Analysis

According to the research report, the top four players/manufacturers account for around 30% – 33% of the overall market share. The report comprises a brief profile of all the major players in the industry. These profiles depict the current and future strategies of all the businesses involved in this market.

Top Key player in the Global Industry

• Axalta Coating Systems
• Akzo Nobel N.V, PPG Industries
• The Valspar Corporation
• The Chemours Company
• Henkel AG & Co. KGaA
• Kansai Paint Co. Ltd.
• Eastman Chemical Company
• NOROO Coil Coatings Co., Ltd
• Becker Group
• ALCEA
• Dura Coat Products, Inc.
• Italcoat S.r.l.

Key Segmentation:

By Material Type

• Polyester
• Epoxy
• PVC/Vinyl
• Plastisols
• Acrylic
• Polyurethane
• PVDF
• Silicone

By Product Type

• Topcoats
• Primers
• Backing Coats
• Others

By End Use

• Transportation
• Consumer Durable Goods
• HVAC
• Metal Furniture
• Others