USD 4.4 billion
Coil Coatings Market Size, Share, and Growth Analysis
Coil Coatings Market By Resin Type (Polyester, Fluoropolymer), By Application (Steel, Aluminum), By End User Industry (Building & construction, Automotive), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15J2094 |
Region:
Global |
Published Date: January, 2025
Pages:
196
|Tables:
91
|Figures:
71
Format -
Coil Coatings Market Insights
Global Coil Coatings Market size was valued at USD 4.4 billion in 2023 and is poised to grow from USD 4.6 billion in 2024 to USD 6.6 billion by 2032, growing at a CAGR of 4.6% during the forecast period (2025-2032).
The global coil coatings market is witnessing robust growth, driven by increased demand in the construction, automotive, and appliances industries. The market size is expanding significantly due to factors like urbanization, infrastructure development, and a growing emphasis on durable and aesthetically appealing surfaces. Continuous product innovations like the advent of nano-coatings and smart coatings enhancing performance and expanding application possibilities are influencing the market growth. Besides this, the increasing demand from end-use industries, such as construction and automotive, fuels the growth of the coil coatings market.Increasing demand for downstream industries, growing competitiveness of leading coil coating manufacturers, high differentiation and product quality growth, construction & automotive firms and fluoropolymer continues its growth in the construction industry. These are the significant factors that boost the global coil coatings market growth. Moreover, the increasing usage of coil coatings in designing furniture and construction products augments drive the market growth during the forecast period. Furthermore, automotive OEMs tend to provide enhanced after-sales that positively influence the coil coating market to attract customers.
Advancements in coating technologies have revolutionized the applicability of coil coatings in recent years. These advancements have not only enhanced the performance and durability of coil coatings but have also expanded the range of their applications across industries. One such advancement is the development of high-performance polymer coatings, which provide excellent resistance to corrosion, UV radiation, and harsh weather conditions.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Steel
Fastest Growth
Aluminium
Growth Rate
4.6% CAGR
Global Coil Coatings Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Coil Coatings Market Segments Analysis
Global Coil Coatings Market is segmented by Resin Type, Application, End User Industry and region. Based on Resin Type, the market is segmented into Polyester, Fluoropolymer, Siliconized polyester, Plastisol and Others. Based on Application, the market is segmented into Steel and Aluminum. Based on End User Industry, the market is segmented into Building & construction, Automotive, Appliance and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Application
Steel dominated the market with a revenue share of 73.9% in 2024. The steel segment is a significant driver of the coil coatings market, owing to its applications in various industries, such as automotive, construction, and consumer appliances. Pre-painted steel is a color-coated construction material used for cladding, roofing, residential doors, and other structural purposes. The pre-painted steel products offer characteristics, such as corrosion resistance, durability, and aesthetics, which enhance product performance. The versatility and reliability of steel coated with coil coatings help in the adoption of these steel products in end use industries. The demand for coil coatings on steel surfaces remains robust across diverse industries, with the construction and appliances sectors being prominent contributors.
As per the global coil coating market analysis, aluminium segment is the fastest growing. Coil coating is a manufacturing technique for applying various coatings, such as anodizing, paint, and powder, to aluminum coils, enhancing their corrosion resistance, esthetic appearance, and durability. This method offers an efficient, uniform coating application crucial for aluminum products used across multiple industries, including construction, automotive, and consumer appliances. Market trends show a rising demand for eco-friendly, sustainable coatings and innovative colors & finishes. Aluminum is a lightweight, corrosion-resistant metal, which makes it ideal for a wide range of applications. Coil coatings on aluminum enhance its durability, providing long-lasting protection against environmental factors.
Analysis by End-Use
The building & construction segment dominated the market with a revenue share of 57.7% in 2024. Coil coatings are applied to metal coils, such as steel and aluminum, before they are molded into various building components like roofing, siding, windows, doors, and ceiling grids. These coatings enhance the durability, corrosion resistance, and aesthetic appeal of metal surfaces, making them suitable for use in various construction projects. Coil coatings are widely used in the transportation industry for a range of applications in automotive, aerospace, and rail. Coil coatings are used in the automotive industry for coating metal components, such as car bodies, chassis, and engine parts. These coatings provide superior corrosion resistance, weatherability, and aesthetic appeal to vehicles. They also contribute to improving the fuel efficiency and performance of cars, trucks, and aircraft.
As per the global coil coating market outlook, coil coatings play a significant role in the consumer appliances segment as they are used to coat the metal coils that are the structural components of these appliances. Coil coatings provide protection against corrosion, enhance durability, and improve the aesthetic appeal of appliances. They are applied to metal coils before they are formed into the desired shape for the appliance. Government policies and initiatives play a vital role in driving the growth of the consumer appliances industry and, consequently, the demand for coil coatings. For example, the Indian government has made substantial investments in infrastructure projects, which have spurred the growth of consumer appliances in the country.
Global Coil Coatings Market By Application (%)
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Coil Coatings Market Regional Insights
Asia-Pacific dominated the market share. Coil coatings are used in the building and construction industry in ceiling grids, doors, roofing and siding, windows, etc. due to their high-end aesthetics and long-lasting value. The growing building construction and renovation activities in the region are expected to surge the consumption of coil coatings. For instance, some of the ongoing building construction projects in the Asia-Pacific include the Hamamatsucho Shibaura 1 Chome Redevelopment project worth USD 3.17 billion, expected to be completed in 2030 in Tokyo, Japan. Another such project is the Wuhan Fosun Bund Center T1 project, which involves the construction of the Fosun Bund Center T1 in Wuhan, China. Therefore, increasing building construction projects are expected to drive the growth of coil coatings in the region.
North America in the coil coatings market is expected to grow significantly from 2024 to 2031. The emerging trend of pre-engineered buildings, wherein coated steel sheet is an important building material for roofing and exterior applications, is expected to remain a key promising area in the market. The coil coatings market in the U.S. is estimated to grow at a significant CAGR from 2024 to 2031. The increased requirement for warehouses on account of the rapidly expanding e-commerce industry is expected to push the demand for coated steel products as well as coatings. The U.S. is one of the leading destinations to hold warehouses worldwide, due to the presence of e-commerce giants such as Amazon, eBay, and Walmart.
Global Coil Coatings Market By Geography
- Largest
- Fastest
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Coil Coatings Market Dynamics
Drivers
Increasing Demand in End-use Industries
- The rising demand for coil coatings from the construction sector is a significant contributor to the market growth. As urbanization and infrastructure development continue globally, there is a rising need for coated metal sheets and components for buildings and structures. Besides this, the surging use of coil coatings in the automotive industry for applications such as automotive body panels, providing not only aesthetic appeal but also protection against corrosion and weathering is presenting lucrative opportunities for market expansion.
Increasing Use to Coat Steel Surfaces
- There is a high demand for coil coatings on the surfaces of steel in various industries, such as building and appliance industries. Even though coil coatings are necessary for steel surface protection from corrosion in times of long-term existence, hardly anyone uses materials other than steel for structural applications. Appliance manufacturers use steel coil coatings to improve the appearance and strength of products such as ovens, washers, and refrigerators. This is paving the way for additional market expansion opportunities.
Restraints
Environmental regulations
- Stringent environmental regulations and increasing awareness of sustainable practices are influential factors shaping the coil coatings market. Governments and regulatory bodies worldwide are implementing measures to reduce the environmental impact of industrial processes, including coating applications. As a result, there is a growing emphasis on the development and adoption of environmentally friendly coil coating formulations.
High Production Costs
- High manufacturing costs associated with advanced coatings have also restrained the coil coatings market. The development of high-performance coatings, especially those with durability, resistance, and aesthetic properties, often requires expensive raw materials. These higher costs can prohibit the cost of coil covered materials, especially for low-cost applications. Furthermore, fluctuations in the prices of key raw materials such as resins, solvents and dyes may further affect the overall growth of the market.
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Coil Coatings Market Competitive Landscape
The competitive landscape of the global market is characterized by intense competition among a few key players, technological advancements, and strategic initiatives aimed at maintaining industry leadership and driving innovation. Large market incumbents such as Akzo Nobel N.V., DuPont, and BASF SE are prominent players in the industry, with established brand identities and considerable market penetration. These companies have a strong presence in the overall global coatings industry, leveraging their brand reputation to maintain market share and drive growth.
Top Players in Coil Coatings Market
- Akzo Nobel N.V. (Netherlands)
- PPG Industries, Inc. (USA)
- The Sherwin-Williams Company (USA)
- BASF SE (Germany)
- Nippon Paint Holdings Co., Ltd. (Japan)
- Beckers Group (Germany)
- Henkel AG & Co. KGaA (Germany)
- Kansai Paint Co., Ltd. (Japan)
- Jotun Group (Norway)
- Valspar Corporation (USA)
- Titan Coatings, Inc. (USA)
- Actega (Altana Group) (Germany)
- Unicheminc (South Korea)
- Pingyuan Wente (China)
- Changzhou Baoxin Anticorrosive Material (China)
- Jiangsu Lanling Group (China)
- Ningbo Zhengliang Coatings (China)
- Zhejiang Tiannv Group (China)
Recent Developments
- In January 2024, Hitachi Hi-Tech Analytical Science, a division of Hitachi Hi-Tech Corporation, launched the FT210 XRF analyzer to expand smart coatings research. In addition, many manufacturers are focusing on the development of low-VOC coil coatings to meet stringent environmental regulations and the growing demand for sustainable solutions role.
- In March 2023, PPG Industries announced the introduction of PPG ENVIROCRON Primeron primer powder for stainless steel.
- In December 2022, AkzoNobel announced the acquisition of Lankwitzer Lackfabrik’s aluminum wheel liquid coating business.
Coil Coatings Key Market Trends
- Rising Demand from the Building and Construction Industry: The building and construction industry is the largest consumer of coil coatings. The main resins used extensively in construction are polyester resin, silicone-modified polyester, polyvinylidene fluorides (PVDF), or fluoropolymer. Home builders and consumers are gradually moving toward building strategies that deliver performance and energy savings in the long run with the rising number of building codes that promote energy-efficient structures.
- Technological Advancements: One of the key trends propelling the global coil coatings industry is the continuous evolution and adoption of advanced technologies in the coatings industry. Technological advancements have led to the development of innovative and high-performance coil coating solutions. These coatings are designed to offer enhanced durability, corrosion resistance, and aesthetic appeal to the coated surfaces. In confluence with this, the advent of nano-coatings providing superior protection against environmental elements while maintaining a thin and lightweight profile is aiding in market expansion.
Coil Coatings Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the growth of the market can be attributed to the increased demand for these coatings from the flourishing construction industry, which includes both residential and commercial sectors. Coil coatings are extensively used in roofing, cladding, and insulation of buildings, infrastructure, and industrial facilities. Rapid urbanization and industrialization have also led to the need for construction and infrastructure development, especially in emerging countries of Asia Pacific, Central & South America, and the Middle East. However, increasing demand for fluoropolymer coatings for architectural applications will likely act as an opportunity. Asia-Pacific dominated the market in terms of consumption due to the rise in the production and export of pre-coated metal sheets in the region due to the high production of finished steel and the high manufacturing of end-user products.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.4 billion |
| Market size value in 2032 | USD 6.6 billion |
| Growth Rate | 4.6% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Coil Coatings Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Coil Coatings Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Coil Coatings Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Coil Coatings Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Coil Coatings Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Coil Coatings Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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