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Coil Coatings Market Trends

Report ID: GMI839
Published Date: Jun 2024
Report Format: PDF

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Coil Coatings Market Trends

The increasing adoption of eco-friendly and sustainable products, as well as rising advancements in smart coatings technology will play a key role in the market growth. For instance, in January 2024, Hitachi High-Tech Analytical Science, a subsidiary of Hitachi High-Tech Corp., launched the FT210 XRF analyzer to expand smart coatings analysis. Moreover, numerous manufacturers are focusing on developing low-VOC water-based coil coatings to meet stringent environmental regulations and the growing demand for sustainable solutions. There is also surging interest in self-cleaning, antimicrobial properties and energy efficiency, which are particularly used in the construction and equipment industries. The integration of nanotechnology in coil coatings is gaining traction for providing improved durability, corrosion resistance and aesthetic appeal.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The market size for coil coatings reached over USD 4.8 billion in 2023 and is anticipated to register 4.3% CAGR between 2024 and 2032, driven by the increasing demand from end-use industries, such as construction, automotive, and appliances.

The polyester segment in the coil coatings segment market is expected to surpass USD 3.7 billion by 2032, due to its exceptional balance of performance, cost-effectiveness, and versatility.

Asia Pacific coil coatings market size will record more than USD 2.5 billion by the end of 2032, attributed to rapid industrialization and urbanization.

Beckers Group, Henkel AG & Co. KGaA, Kansai Nerolac Paints Limited, Nippon Paint Holdings Co., Ltd, and PPG Industries Inc. among others.