0
2019
Functional Coil Coating Market

Functional Coil Coating Market

by Material (Acrylic, Epoxy Resins, Plastisol, Polyvinylidene Fluoride, Polyester, Polyurethane, and PVC/Vinyl), Technology (Liquid Coating and Power Coating), and End User (Construction, Appliances, Automobile Industry, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025

Report Code: A04271
Pages: 272
Tables: 115
Charts: NA
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

Functional Coil Coating Market outlook - 2025

The global Functional Coil Coating Market was valued at $651.0 million in 2017, and is projected to reach $948.8 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025.Functional coil coating is a chemical pre-treatment of the metal surface on either one side or both sides. Functional coil coating are known as backing coat or back coat which either applied on one of both side of metal. These coatings are made of polyester, silicone-modified polyester, polyurethane, polyvinylidene difluoride (PVDF), and plastisols.

Functional coil-coated metal possesses properties such as design flexibility, enhanced resistance to corrosion & weathering, and abundant availability of color & and textures. These properties make them an ideal choice for the manufacturing of metal roofs, wall panels, storage units, and garage doors to increase the durability of the infrastructure. In addition, this metal offer advantages such higher paint adherence, superior chemical & water resistance, enhanced aesthetics, and prolonged anticorrosion resistance. These factors have significantly increased the demand for functional coil coated metal in the automated industry.

Functional Coil Coating Market

The growth of this market is majorly driven by development of the construction and automotive industries in developing economies like India and China. Moreover, functional coil-coated metal is used widely in the furniture industry, due to its design flexibility and enhanced corrosion resistance, which boosts its demand across the globe. Global Functional Coil Coating Market trends are analyzed based on consumption pattern across various geographies.

Furthermore, increase in disposable income of consumers and improvement in standard of living fuel the demand for modern furniture, which in turn is expected to escalate the need for functional coil-coated metals. Moreover, use of these metals enhances the design and aesthetics of home appliances and enables manufacturers for texture customization.

Thus, to meet the consumer demands for home appliance designs, manufacturers are focusing more on using functional coil-coated metals, which is likely to impact the market positively.

However, factors hampering the growth of this market includes high cost of processes involved in manufacturing of functional coil coatings. The manufacturing process involves coil coating line, which comprises various cleaning, heating, and coating tools & equipment. Higher maintenance cost of these machines increases the cost of the process and leads to rise in cost of functional coil coatings. In addition, higher cost of pre-coated metal, consumers prefer home appliances that require fiber or plastic for fabrication. This is attributed to low prices of these products and identical performance delivered as that of functional coil coatings. Functional coil coating process involves the use of various machinery and tools for coating applications. The use of these tools for a prolonged time, results in their wear and tear, thus limiting the adoption of functional coil coatings.

On the contrary, the use of recyclable coating tools is expected to reduce the expenses on procurement and installation of new tools. Thus, this may lead to higher adoption of functional coil coating process, which is anticipated to provide lucrative opportunity for the market growth. Global functional coil coating market growth is largely dependent on the product development in the appliances sector. Rising investment in the appliances further expected to open new growth opportunities over the years to come.

The Functional Coil Coating Market is segmented based on material, technology, end user, and region. Based on material, the market is classified into acrylic, epoxy resins, plastisol, polyvinylidene fluoride, polyester, polyurethane, and PVC/vinyl. By technology, it is fragmented into liquid coating and power coating. As per end user, it is classified into construction, appliances, automobile industry, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major key players operating in the this market includes Akzo Nobel N.V., Axalta Coatings Systems, BASF SE, Eastman Chemical Company, Kansai Paint Co., Ltd., KelCoatings Ltd., Nippon Paints Holdings Co. Ltd., PPG Industries Inc., The Sherwin Williams Company, and The Chemours Company. Other players operating in this market include Unichem, Lord Corporation, Chemetall Group, and ARCEO Engineering. These major key players are adopting different strategies such as acquisition, business expansion, and collaboration to stay competitive in the global market. In an instance, Akzo Nobel commenced a new research, development, and innovation (RD&I) center in Strongsville, Ohio, in the U.S. This innovation center is anticipated to expand the coatings businesses, including extrusion, coil, and packaging coatings. Furthermore, Axalta Coating Systems established a new R&D center for advancement in paint and coating technology at the old Navy Yard in South Philadelphia. The company is aiming to strengthen its technological capability with this expansion by producing specialty coatings products.

Global Functional Coil Coating Market, by region

Based on region, Asia-Pacific dominated the global market and accounted for major share in the global Functional Coil Coating Market, owing to increase in usage of functional coil coatings in the construction and automotive industries. Functional coil coating market size in the Asia- Pacific is expected to growth due to presence established end user industries in this region. In addition, upsurge in expenditure power of consumers and improvement in standard of living fuel the demand for modern furniture. Functional coil-coated metals are widely used in the furniture industry, owing to the design flexibility and enhanced corrosion resistance of pre-coated metals. Moreover, functional coil-coated metals are useful for enhancing the design and aesthetics of home appliances. Thus, due to increase in changing consumer demands for home appliance designs, manufacturers are focusing more on using functional coil-coated metals, which positively impacts the market growth.

Functional Coil Coating Market
By Region

2025
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2017 and would continue to maintain the lead over the forecast period.

Get more information on this report : Request Sample Pages

Global Functional Coil Coating Market share, by material

Based on material, polyester segment holds the major share in the market, as it is widely used as final topcoat in the functional coil coatings cycle, owing to its low cost and easy application methods. This factor is expected to increase the demand for polyester in manufacturing of Functional Coil Coating Market.

Functional Coil Coating Market
By Material

Your browser does not support the canvas element.

Polyester is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Global Functional Coil Coating Market, by Technology

On the basis of technology, liquid coating technology dominated the global market. The liquid coating segment holds the major share in the market, owing to increase in use of powder coating from home appliances and construction & automotive industries. This is attributed to the fact that powder-coated metals are resistant to scratching & paint fading and produce much thicker coatings than conventional liquid coatings without running or sagging. All these factors together significantly contribute toward the growth of the global market.

Functional Coil Coating Market
By Technology

Your browser does not support the canvas element.

Liquid technology is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Global Functional Coil Coating Market, by End User

Functional coil coating market by end user is dominated by appliances. This is due to increase in expenditure power of consumers and improvement in standard of living fuel the demand for home appliances across developing countries such as China and India. Functional coil coated metals are useful for enhancing the design and aesthetics of home appliances. Furthermore, use of these metals enables manufacturers for texture customization. Thus, to meet the changing consumer demands for home appliance designs, manufacturers focus more on using functional coil coated metals, which positively impacts the market.

Functional Coil Coating Market
By End Use

Your browser does not support the canvas element.

Appliances is projected as the most lucrative segment.

Get more information on this report : Request Sample Pages

Key Benefits for Functional Coil Coating Market:

  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Functional Coil Coating market forecast is provided by considering historical market trends and impact of technological momentum on the market
  • The report outlines the current trends and future scenario of the Functional Coil Coating Market size from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
  • Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • Functional Coil Coating Market analysis includes various parameters such as macro and micro economic analysis of various geographies
  • The key drivers, restraints, and Functional Coil Coating Market opportunities and their detailed impact analyses are elucidated in the study.
  • The profiles of key players along with their key strategic developments are enlisted in the report.

Functional Coil Coating Key Market Segments:

By Material

  • Acrylic
  • Epoxy Resins
  • Plastisol
  • Polyvinylidene Fluoride
  • Polyester
  • Polyurethane
  • PVC/Vinyl

By Technology

  • Powder Coating
  • Liquid Coating

By End User

  • Construction
  • Appliances
  • Automobile Industry
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Spain
    • Italy
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Functional Coil Coating Market Report Highlights

Aspects Details
By TECHNOLOGY
  • Liquid coating
  • Powder coating
By END USE
  • Construction
  • Appliances
  • Automobile industry
  • Others
By MATERIAL
  • Acrylic
  • Epoxy resins
  • Polyester
  • Polyvinylidene fluoride
  • PVC/vinyl
  • Plastisol
  • Polyurethane
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players Axalta Coatings Systems, Nippon Paints Holdings Co. Ltd., Akzo Nobel N.V., Kansai Paint Co., Ltd., The Chemours Company, PPG Industries Inc, The Sherwin Williams Company, Eastman Chemical Company, BASF SE, KelCoatings Ltd.,
Other players operating Unichem, Lord Corporation, Chemetall Group,, ARCEO Engineering.
 

Loading Table Of Content...


 
 

The Functional Coil Coating Market is expected to witness substantial growth during the forecast period, owing to various factors such as development of the construction & automotive industries and increase in demand for furniture & home appliances. These coatings seek remarkable growth due to their ability to improve resistance to corrosion & weathering and abundant availability of color. Development of coatings technology over the years has resulted in a significant increase in its usage in various applications, including metal roofs, wall panels, storage units, and garage doors in the construction industry, automobile parts in the automotive industry, and home appliances & furniture.

Construction and automobile sectors serve as the most attractive end-use industries in Germany, India, and China, and are expected to be the first preference for new entrants, owing to increase in usage of these coatings for metal protection.

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Sample
Related Tags

Purchase Full Report of
Functional Coil Coating Market

Start reading instantly.
This Report and over 71,298+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Apr 2020 - Apr 2021)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2020 - Apr 2021)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2020 - Apr 2021)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2020 - Apr 2021)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2020 - Apr 2021)
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers