PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1819096
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1819096
The global coil coatings market size is projected to reach USD 5.51 billion by 2030 from USD 4.72 billion in 2025, at a CAGR of 3.12% during the forecast period, due to the growing demand across building & construction, automotive, appliances, and industrial equipment sectors. Coil coatings are essential for providing corrosion resistance, longevity, and aesthetic appeal to metal products, making them crucial for extending product life and reducing maintenance costs.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million) and Volume (Kiloton) |
Segments | Type, Application, End-use Industry, and Region |
Regions covered | Asia Pacific, Western Europe, Central & Eastern Europe, North America, Middle East & Africa, and South America |
The focus on sustainability is growing as industries shift to low-VOC, energy-efficient, and recyclable coatings to address the changing environmental regulations. In addition, increasing applications of lightweight, pre-painted metals in building structures and automobiles are also encouraging the adoption of coil coatings. This high emphasis on durability, sustainability, and adhering to international regulations is making coil coatings one of the key enablers of efficiencies and long-term value in various industries.
"Fluropolymer segment accounted for the second-largest share of the coil coatings market in 2024."
Fluorpolymer coil coatings hold the second-largest share of the global coil coatings market, in terms of value, in 2024. This is fueled by their high resistance to weather, UV, and long-lasting color retention. Fluoropolymer coatings are one of the most popular coatings used in high-quality architectural applications like facades, roofing, and curtain walls. Though expensive in terms of cost when compared with polyester coatings, their unrivaled performance in severe environments has been the reason behind the strong demand.
"Steel was the largest application of the global coil coatings market in terms of value in 2024."
The largest application of the global coil coatings market in 2024, in value terms, was steel due to its wide use in building structures, electronic appliances, industry spheres, and other sectors. Coil-coated steel is commonly used in roofing systems, wall cladding, and structural materials for buildings due to its durability, corrosion resistance, and cost-effectiveness. Its ability to effectively combine functionality with aesthetic appeal makes steel the preferred substrate for coil coating applications in many industries.
"Automotive accounted for the second-largest share of the coil coatings market, in terms of value, in 2024."
The automobile sector was the second-largest end-use industry in the global coil coatings market, in terms of value, in 2024. This is largely due to the industry's focus on weight saving, long life, and superior finishes. Coil-coated metals are being used more on vehicle parts like panels, interior trim, and heat shields, providing manufacturers with cost savings, corrosion resistance, and design flexibility. Increased use of electric vehicles and demand for high-performance coatings with enhanced weatherability and appearance further consolidated the industry's dependence on coil coatings, making automotive a major growth driver following the construction industry.
"North America was the second-largest region in the coil coatings market, in terms of value, in 2024."
North America is the second-largest region in the coil coatings market in terms of value. This growth is propelled by increasing investments in residential and commercial infrastructure and the rising demand for energy-efficient and durable building materials. Additionally, the presence of major coil coating manufacturers such as PPG Industries, Inc., The Sherwin-Williams Company, and Axalta Coating Systems Ltd. fosters technological advancements and ensures a steady supply of high-performance coatings.
The key players profiled in the report include Akzo Nobel N.V. (Netherlands), Axalta Coating Systems Ltd. (US), PPG Industries, Inc. (US), The Sherwin-Williams Company (US), Beckers Group (Germany), Nippon Paint Holdings Co., Ltd (Japan), Kansai Paint Co., Ltd. (Japan), KCC Corporation (South Korea), JSW Paints (India), and Yung Chi Paint & Varnish Manufacturing Co., Ltd. (Taiwan).
Research Coverage
This report segments the market for coil coatings based on type, application, end-use industry, and region, and provides estimations of value (USD million) for the overall market size across various regions. It has also conducted a detailed analysis of key industry players to provide insights into their business overviews, services, and key strategies associated with the market for coil coatings.
Reasons to Buy This Report
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the coil coatings market, high-growth regions, and market drivers, restraints, and opportunities.