Coil Coatings Market is estimated to grow with a CAGR of 5.5% from 2019-2026 | Global Industry Analysis By Trends, Size, Share, Company Overview, Growth And Forecast By 2026

Coil Coatings Market is estimated to grow with a CAGR of 5.5% from 2019-2026 | Global Industry Analysis By Trends, Size, Share, Company Overview, Growth And Forecast By 2026

According to an estimate, coil coatings market size will surpass USD 4.8 billion by 2026. Coil-coated steels have found their way into the automotive sector, expanding footholds in commercial vehicle bodies and car spoilers. Companies are situating the color coating coiler alongside the paint-making facility to reduce the lead time.

Manufacturers are realizing the upsides of the benefits of coil coatings to streamline energy savings. Industry leaders are gearing to develop a high level of energy efficiency products and coil coatings market size is expected to surge in the next few years. Leading companies are vying to keep up with the EPA standards as innovations continue to gain hold globally.

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Coil coating systems have gained uptick for commercial projects as high-performing coatings are witnessing demand during the construction of exterior buildings. Coaters are likely to exhibit traction for the PVDF technology, with the coil coating process gaining impetus to produce pre-painted metal.

Coil coating processes are likely to involve innovating processes such as no-rinse pre-treatment, roller coatings and VOC elimination. Prominently, coil coating leverages an efficient collection of VOCs from the solvents used in paints.

These steels have risen to the occasion to prevent issues with stone chip, corrosion and negate straight edges. In a bid to keep up with today’s and tomorrow’s market needs, industry participants are witnessing a notable advance in coating technologies.

The global coil coatings market will gain ground from the products’ tremendous exterior durability, sustainability and uniformity, to name a few. Simply put, coil coated metals are normally made from recycled materials and are easily adaptable, as well, auguring well for the outlook.

With companies gearing to create technologically advanced and innovative solutions, PVDF-based coatings are likely to be the prominent product portfolio globally. Coating manufacturers are pouring funds to develop unique formulations and cash in on innovations such as solar-reflective, energy-efficient and color-changing coatings.

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PVDF coatings have set the trend to provide durable color retention and resistance against abrasions and weathering. PVDF coil coatings will continue to boost aesthetic features with gloss ranges and UV resistance and have become an apt choice to protect metal buildings.

Leading companies are leaving no stone unturned to gain a competitive hold in the landscape. To illustrate, AkzoNobel rolled out a coil coating system for aluminum composite panels in November 2020. 70% polyvinylidene fluoride (PVDF) coil coating is said to be used for monumental and commercial ACP projects.

Sherwin-Williams launched a novel platform for polyester coil coatings in December 2020. The polyester technology, they claim, can be used to keep up with the demands of a slew of industries, such as OEM products and building products.

Key coil coatings industry players include Akzo Nobel, Henkel and Nippon Paints, Beckers Group, PPG Industries, Axalta Coating Systems LLC among others.

 

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