Coil Coatings Market size to surpass $7.2 billion by 2032

Coil Coatings Market size is expected to cross USD 7 billion by 2032, as per a new research report announced by Global Market Insights Inc.
 

Rising demand for commercial and residential furniture is a key driver behind industry demand. Coil coatings help furniture manufacturers achieve a superior quality finish on their products. In fact, it is extensively used in office furniture such as filing cabinets, desks, and shelves, where high-degree aesthetics are crucial and cost-effectiveness is important. These coatings help the designers choose a specific finish for the furniture, making them key to the design process. Its most prominent benefit is that it allows metal surfaces to be painted. 
 

 Superior color retention property of PVDF coatings to stimulate product segment value

Coil coatings market growth from the polyvinylidene fluorides (PVDF) segment is anticipated to depict a valuation of over USD 1.5 billion by 2032. PVDF coil coatings provide excellent color retention, and their erosion rate is relatively small, which contributes to design longevity. In addition, they are also highly UV resistant, helping reduce energy cooling costs without compromising on durability. For both vertical and non-vertical surfaces, 70% PVDF coatings procured from reliable coating suppliers offer equal fade and chalk coverage. 
 

Browse key industry insights spread across 280 pages with 297 market data tables & 38 figures & charts from the report, “Coil Coatings Market Size By Product (Polyester, Silicone Modified Polyester [SMP], Polyvinylidene Fluorides [PVDF], Polyurethane [PU], Plastisols), By End-user (Construction, Automotive, Appliances), Industry Analysis Report, Covid Impact analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2023-2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/coil-coatings-market
 

 Corrosion resistance property of coil coatings to fuel segment landscape

Coil coatings market share from the automotive segment is poised to grow at over 4% CAGR from 2023 to 2032. Industrial coil coatings help automakers provide an additional layer of protection to vehicle surfaces while also enhancing its durability, even under harsh driving conditions. In fact, the coil-coated auto body parts last longer and show more corrosion resistance than their non-coated counterparts. Due to growing consumer demand for expensive and novel features, the automotive sector is undergoing a transformative phase, which will increase the demand for coil coatings. 
 

 Favorable housing sector policies to strengthen Europe industry expansion

Europe coil coatings market is slated to grow beyond USD 1.7 billion by 2032, fostered by the supportive housing sector policies of the regional governments. Such initiatives are creating a favorable gains environment for construction coil coatings.
 

The approval of several mega infrastructure development projects in the region is creating new revenue streams for the market as well. 
 

Mergers and acquisitions to outline the competitive landscape

The major coil coatings manufacturers include Sherwin-Williams, PPG Industries Inc., Axalta Coating Systems, Kansai Nerolac Paints Limited, Nippon Paint Holdings Co., Ltd, AkzoNobel N.V., Bulk Chemicals Incorporated (BCI), Henkel AG & Co. KGaA, and Beckers Group, among others. Many players are focusing on mergers and acquisition plans to extend their global footprint in a relatively quick manner.
 

The takeover agreement also covers coatings intended for coil, wood and automotive applications.