Global Coil Coatings Market Overview: Forecasted Market Size And Growth Rate | Akzo Nobel N.V., PPG Industries, Axalta Coating Systems, Beckers Group, Nippon Paint (India) Private Limited, Kansai Nerolac Paints Limited

The Coil Coatings Global Market Report 2023 by The Business Research Company, provides coil coatings market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Coil Coatings Global Market Report 2023, the market size is expected to grow from $5.22 billion in 2022 to $5.73 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of the global coil coatings market is expected to grow to $7.79 billion in 2027 at a CAGR of 8.0%.

The rising demand for coil coatings from the building and construction industry is expected to propel the growth of the coil coatings market in the coming years. Building and construction is the process of constructing homes, public buildings, and industrial facilities. Coil coatings are used to offer protective coatings and sealants that are applied to various surfaces to improve their looks, corrosion resistance, adhesion, and scratch resistance.

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The coil coatings market 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

Technological innovation is a key trend gaining popularity in the coil coatings market. Major companies operating in the coil coating market are focused on developing new technologies to provide protective coatings and sealants applied to various surfaces to enhance surface properties, as well as appearance, corrosion, adhesion, and scratch resistance. For instance, in March 2021, Akzo Nobel A.V., a US-based company operating in coil coatings launched TRINAR TC (Tough Coat), a new PFOA-free PVDF coil coating system that combines exceptional 70% PVDF performance with increased durability and simplicity of use. This TRINAR coating technology provides stain, abrasion, and scratch resistance to surfaces in the building & construction industry.

The coil coatings market report table of contents includes: