Coil Coatings Market Trends

Global Coil Coatings Market size was valued at USD 4.40 Billion in 2023 and is poised to grow from USD 4.61 Billion in 2024 to USD 6.60 Billion by 2032, growing at a CAGR of 4.6% in the forecast period (2025-2032).

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. 'AkzoNobel N.V.', 'PPG Industries, Inc.', 'Valspar Corporation (Sherwin-Williams)', 'BASF SE', 'Kansai Paint Co., Ltd.', 'Nippon Paint Holdings Co., Ltd.', 'Jotun Group', 'Arkema S.A.', 'The Dow Chemical Company', 'Beckers Group', 'Axalta Coating Systems', 'Tiger Coatings GmbH & Co. KG', 'Solvay S.A.', 'Sherwin-Williams Company', 'Hempel A/S'

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.

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.

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.