Discover trends, market shifts, and competitive outlooks for the coil coatings industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Projected Market Size and Growth Rates for the Coil Coatings Market From 2025 To 2029?

The market size for coil coatings has exhibited substantial growth in the past few years. The market, which was worth $5.63 billion in 2024, is projected to rise to $5.94 billion in 2025, with a compound annual growth rate (CAGR) of 5.4%. The growth previously experienced can be credited to the evolution of specialized coatings, customization possibilities and color trends, an amplified emphasis on lastingness and performance, progress in application methodologies, and market proliferation in the construction sector.

The coil coatings market is anticipated to experience robust expansion in the coming years, with projections of reaching a value of $7.82 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.1%. The expansion anticipated during the forecast period can be credited to the growing demand for energy-efficient coatings, an emphasis on resilient and long-term coatings, increasing utilization in the automotive industry, and growth in construction and architectural sectors, accompanied by customization and color variations. Key trends predicted for the forecast period include the market’s growth in budding economies, enactment of environmental regulations, sustainability efforts, advancements in coating formulation technology, architectural design innovations, and a shift towards high-efficiency coatings.

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What Are the Core Market Drivers Propelling Growth in the Coil Coatings Industry?

The coil coatings market is predicted to expand in the future, driven by the growing demand from the building and construction sector. The construction of residences, public structures, and industrial buildings involves the use of coil coatings, which provide enhancements such as corrosion protection, adhesion enhancement, scratch resistance, and aesthetic enhancement. For example, the Australian Bureau of Statistics, a government entity in Australia, reported in July 2023 that the number of dwellings being constructed in the March 2023 quarter increased to 240,813, up from 240,065 in 2022. Out of this, the number of new houses increased to 103,778 in 2023, compared to 101,240 in the previous year. As a result, the coil coatings market is growing due to rising demand from the construction sector.

How Is the Coil Coatings Market Segmented?

The coil coatings market covered in this report is segmented –

1) By Type: Polyester, Fluoropolymer, Siliconized Polyester, Polyvinylidene Difluoride (PVDF), Polyurethane (PU), Plastisols, Other Types

2) By Application: Steel, Aluminum

3) By Industry: Construction, Automotive, Industrial And Domestic Appliances, Other Industries

Subsegments:

1) By Polyester: Standard Polyester, High-Performance Polyester

2) By Fluoropolymer: Polyvinylidene Difluoride (PVDF), Other Fluoropolymers

3) By Siliconized Polyester: Standard Siliconized Polyester, High-Performance Siliconized Polyester

4) By Polyvinylidene Difluoride (PVDF): Standard PVDF, Modified PVDF

5) By Polyurethane (PU): Aliphatic Polyurethane, Aromatic Polyurethane

6) By Plastisols: PVC Plastisols, Other Plastisols

7) By Other Types: Acrylic Coatings, Epoxy Coatings, Specialty Coatings

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Which Regions Are Driving the Next Phase of the Coil Coatings Market Growth?

Asia-Pacific was the largest region in the coil coating market in 2024. The regions covered in the coil coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Key Market Trends and Innovations Are Shaping the Future of the Coil Coatings Industry?

Major operators in the coil coatings market, such as energy-curable coatings-producing companies, are concentrating on the development of pioneering products to stay ahead in the competitive market. These energy-curable coatings fall under a type of coating that rapidly cures when exposed to energy from sources such as ultraviolet (UV) light or electron beams (EB). This results in a sturdy, long lasting finish, eliminating the requirement for solvents or processes involving high-temperature drying. For example, in July 2024, PPG, a US-centric firm specializing in manufacturing paints, coatings, and adhesives, rolled out the PPG DuraNEXT line. This new line includes products such as electron-beam (EB) and ultraviolet (UV) curable backers, basecoats, primers, and clear coats. These products offer metal coil coaters superior energy efficiency along with quicker curing rates. The PPG DuraNEXT coatings make use of electron beam or ultraviolet energy to swiftly change a liquid coating into a wholly cured solid finish within a span of few seconds, bearing minimum thickness or weight loss.

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How Is the Coil Coatings Market Defined and What Are Its Core Parameters?

Coil coating refers to a continuous or automated process of coating coils of metals with a polyester resin that includes cleaning, pre-treating, and coating flat coils of steel or aluminum sheets. The process includes cleaning, exchange treatment, drying, primer coating, top coating, and foil lamination. However, the most common formulations are polyester, polyflourocarbons, alkyds, acrylics, and plastisol.

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