Coiling Coating Market Trends and Forecast
The future of the global coiling coating market looks promising with opportunities in the construction, appliance, and transport markets. The global coiling coating market is expected to grow with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are increasing need for durable & aesthetic building materials in the construction & automotive industries and rising focus on eco-friendly & sustainable coating solution.
• Lucintel forecasts that polyester is expected to witness the highest growth over the forecast period.
• Within this market, construction is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Coiling Coating Market
• United States: PPG Industries announced the launch of a new line of high-performance coil coatings designed for metal building components. The company is also investing in expanding its production facilities to meet the increasing demand from the construction sector.
• China: AkzoNobel has strengthened its presence by opening a new manufacturing plant in Changzhou, which will increase its production capacity for coil coatings. This move aligns with ChinaÄX%$%Xs push towards sustainable and high-quality construction materials.
• Germany: BASF is focusing on enhancing its coil coating products with advanced technologies to improve durability and environmental performance. The German government supports these initiatives by promoting green building materials through various incentives.
• India: JSW Steel has partnered with The Sherwin-Williams Company to develop innovative coil coatings for the Indian market. This collaboration aims to cater to the growing demand for pre-painted steel in the construction and automotive industries, supported by the Indian governmentÄX%$%Xs infrastructure development plans.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Coiling Coating Market by Segment
The study includes a forecast for the global coiling coating market by type, application, and region.
Coiling Coating Market by Type [Value from 2018 to 2030]:
• Polyester
• Polyurethane
• Polyvinylidene Fluoride (PVDF)
• Others
Coiling Coating Market by Application [Value from 2018 to 2030]:
• Construction
• Appliances
• Transport
• Others
Coiling Coating Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Coiling Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies coiling coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the coiling coating companies profiled in this report include-
• PPG Industries
• BASF
• Sherwin-Williams
• Nipsea
• KCC Corporation
• Dura Coat Products
• Titan Coating
Recent Development in the Coiling Coating Market
• Nippon Paint Holdings: Nippon Paint Holdings has recently expanded its coil coating operations in Southeast Asia to cater to the increasing demand for high-quality coatings in the region. The company has invested in new facilities and advanced technologies to enhance production capacity and improve product offerings, aiming to strengthen its market presence.
• Axalta Coating Systems: Axalta Coating Systems has introduced a new line of eco-friendly coil coatings that reduce volatile organic compounds (VOCs) emissions. These innovative products are designed to meet stringent environmental regulations and provide superior performance, appealing to environmentally conscious customers and enhancing Axalta’s sustainability initiatives.
• Jotun: Jotun has formed strategic partnerships with key players in the Middle Eastern market to expand its coil coating business. These collaborations aim to leverage JotunÄX%$%Xs expertise and local partnersÄX%$%X market knowledge, enabling the company to offer customized solutions and gain a competitive edge in this rapidly growing region.
• Beckers Group: Beckers Group has significantly increased its investment in research and development to create advanced coil coating solutions. The focus is on developing high-performance, durable, and aesthetically appealing coatings that meet the evolving needs of various industries, positioning Beckers as an innovation leader in the market.
• Valspar Corporation: Valspar Corporation has acquired a regional coil coating company to expand its market reach and product portfolio. This acquisition allows Valspar to tap into new customer segments, increase production capabilities, and offer a more diverse range of coil coating products, solidifying its market position.
Features of the Global Coiling Coating Market
Market Size Estimates: Coiling coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Coiling coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Coiling coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the coiling coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the coiling coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for coiling coating market?
Answer: The global coiling coating market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the coiling coating market?
Answer: The major drivers for this market are increasing need for durable & aesthetic building materials in the construction & automotive industries and rising focus on eco-friendly & sustainable coating solution.
Q3. What are the major segments for coiling coating market?
Answer: The future of the coiling coating market looks promising with opportunities in the construction, appliance, and transport markets.
Q4. Who are the key coiling coating market companies?
Answer: Some of the key coiling coating companies are as follows:
• PPG Industries
• BASF
• Sherwin-Williams
• Nipsea
• KCC Corporation
• Dura Coat Products
• Titan Coating
Q5. Which coiling coating market segment will be the largest in future?
Answer: Lucintel forecasts that polyester is expected to witness the highest growth over the forecast period.
Q6. In coiling coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the coiling coating market by type (polyester, polyurethane, polyvinylidene fluoride (PVDF), and others), application (construction, appliances, transport, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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