Coil Coatings Market Assessment, By Resin Type, By Substrate, By Application, By End-user, By Region, Opportunities, and Forecast, 2016-2030F
2022年全球卷材塗料市場規模為38.2億美元。 預計到 2030 年，該市場將成長至 55.6 億美元，2023-2030 年預測期間複合年增長率為 4.8%。 捲材塗料市場主要受到建築和基礎設施領域強勁成長的推動，特別是在印度、中國和巴西等新興國家。 建築業的強勁發展正在推動對卷材塗料的需求，卷材塗料為建築物和建築中使用的金屬表面提供保護、美觀和功能優勢。 此外，對能源效率和永續性的日益關注也推動了捲材塗料的採用，特別是有助於冷卻屋頂和屋頂系統節能的塗料。 在建築和汽車行業，法規遵循和腐蝕防護的需求進一步推動了對高品質卷材塗料的需求。
捲材漆廣泛用於汽車外飾和零件，以增強美觀、耐用性和耐腐蝕性。 隨著汽車產業的發展和產量和銷售量的增加，對高品質捲材塗料的需求也預計會隨之成長。 此外，卷材塗料在工業和製造領域中具有多種用途，包括機械、設備、儲罐等的耐用性。 對電器的需求不斷增長，導致對保護性和功能性塗料的需求增加，進一步增加了對捲材塗料的需求。
捲材塗料可保護和強化住宅、商業和工業建築中使用的金屬表面。 捲材塗層具有耐腐蝕性、耐用性和美觀等基本特性。 現代建築趨勢通常整合金屬塗層表面，進一步增加了對捲材塗料的需求，以滿足永續性和耐用性要求。 遵守永續發展標準和能源效率指令也促進了建築業對卷材塗料的需求不斷增長。
汽車產業是捲材塗料的重要消費者，因為捲材塗料的用途廣泛，包括汽車外觀、零件和配件。 隨著全球汽車產銷量的穩定成長，對高品質塗料的需求也迅速成長。 捲材塗料對於增強汽車美觀性以及確保汽車零件的耐用性、耐腐蝕性和長壽命發揮著至關重要的作用。 隨著汽車製造商優先使用高品質塗料來滿足消費者對美觀和耐用車輛的期望，汽車行業對先進卷材塗料的需求預計將進一步增加。
Global Coil Coatings Market size was valued at USD 3.82 billion in 2022, which is expected to grow to USD 5.56 billion in 2030 with a CAGR of 4.8% during the forecast period between 2023 and 2030. The coil coating market is primarily driven by the robust growth of the construction and infrastructure sectors, particularly in emerging economies such as India, China, and Brazil. Strong construction sector development fuels the demand for coil coatings, providing protective, aesthetic, and functional benefits to metal surfaces used in buildings and constructions. Additionally, the increasing emphasis on energy efficiency and sustainability drives the adoption of coil coatings, especially those that contribute to cool roofing and energy conservation in roofing systems. Regulatory compliance and the need for corrosion protection in the construction and automotive industries further spur the demand for high-quality coil coatings.
Coil coatings are extensively used for vehicle exteriors and components to enhance aesthetics, durability, and corrosion resistance. As the automotive sector grows with increasing production and sales, the demand for high-quality coil coatings is expected to rise accordingly. Moreover, the industrial and manufacturing sectors utilize coil coatings for various purposes such as durability in machinery, equipment, storage tanks, and more. Rising demand for electrical appliance contribute to the increased need for protective and functional coatings, further raising coil coating demand.
Coil coatings protect and enhance metal surfaces used in residential, commercial, and industrial buildings. Coil Coatings provide essential features like corrosion resistance, durability, and aesthetic appeal. Modern architectural trends often integrate metal-coated surfaces, further driving the need for coil coatings to meet sustainability and durability requirements. Compliance with sustainability norms, and energy efficiency mandates are additional factors contributing to the growing demand for coil coatings in the construction industry.
For instance, the Magnolia Mixed-Use Complex in Texas is a project with an estimated value of USD 1,000 million and is anticipated to reach completion in the first quarter of 2025. Saudi Arabia has been actively undertaking numerous significant infrastructure endeavors. These encompass major initiatives such as NEOM, the Red Sea Project, Qiddiya, King Salman Energy Park, Jeddah Tower, and Riyadh Metro. Additionally, the Minamikoiwa 6-Chome District Type One Urban Redevelopment project in Tokyo, Japan, is on track for completion in 2026. These Large-scale construction projects around the globe will drive the demand for Coil Coating due to the increased requirement for efficient roofing and protection for metal surface.
The automotive industry stands as a substantial consumer of coil coatings as it is utilized for diverse applications encompassing vehicle exteriors, parts, and accessories. With the steady rise in global automobile production and sales, the demand for high quality coatings has surged correspondingly. Coil coatings play a pivotal role in enhancing the aesthetic appeal of vehicles, ensuring durability, corrosion resistance, and longevity of automotive components. As automakers prioritize the use of high-quality coatings to meet consumer expectations for visually appealing and durable vehicles, the demand for advanced coil coatings is anticipated to further escalate in the automotive sector.
For instance, the Society of Indian Automobile Manufacturers reported notable growth in various segments. Specifically, sales of passenger cars increased from 1,467,039 to 1,747,376 units, utility vehicles saw a surge from 1,489,219 to 2,003,718 units, and van sales rose from 113,265 to 139,020 units in comparison to the fiscal year of 2022.
Coil coated metals compared to post-painted metals have demonstrated a notable reduction in environmental impact through reduced water consumption and recycling. One of the key areas where coil coated metals exhibit a positive environmental footprint is in the reduced water consumption compared to post coating metals. The process of pre-painting typically has low energy and labour cost, reduced environmental impact and decreased water usage compared to the traditional post-painting methods.
For instance, According to European Coil Coating Association, the impact of coil coated aluminum and steel on human are just 24% and 25% of the impact of post painted metals. Since coil coating offers sustainability and abets safety standards compared to post painted metals, the consumer sentiments towards coil coating improved.
The COVID-19 pandemic significantly disrupted global supply chains, impacting the production and distribution of coil coatings and their raw materials. Delays and shortages were witnessed in the supply chain for coil coating and substrates such as steel and aluminium primarily due to factory closures and transportation restrictions. The pandemic-induced lockdowns and economic slowdowns led to a notable decrease in demand across various sectors such as construction and automotive, which weakened the demand for coil coatings during the pandemic. Finally, the coil coating market faced price fluctuations during the pandemic, driven by supply and demand dynamics disruptions.
The Russia-Ukraine conflict had a notable impact on the coil coating market, particularly because Russia is a major supplier of aluminium substrate to various countries, especially in Europe. The conflict prompted several European nations to enforce import bans on Russian products, including aluminium. This restriction significantly tightened the supply of coil coated metals in these markets. Consequently, production costs for coil coating increased in these countries, reducing procurement activities. The war reduced construction and automotive activities in the affected region further weakening the demand for coil coatings.
Prominent companies within the coil coating sector are actively engaged in strategic acquisitions to enhance their portfolio capabilities to effectively meet the growing demand from both the automotive and construction industries. These industry leaders recognize the need to fortify their offerings in response to the escalating market requirements.
For instance, BlueScope Steel Limited has formally committed to acquiring Cornerstone Building Brands Inc.'s Coil Coatings business in a definitive agreement, valued at USD 500 million in June 2022.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.