Coil Coatings Market Report 2025

The coil coatings market size has grown strongly in recent years. It will grow from $5.63 billion in 2024 to $5.94 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to development of specialized coatings, customization and color trends, increased focus on durability and performance, advancements in application processes, market expansion in construction sector.

The coil coatings market size is expected to see strong growth in the next few years. It will grow to $7.82 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to rising demand for energy-efficient coatings, focus on durable and long-lasting coatings, increasing adoption in the automotive sector, expansion in construction and architecture, customization and color variations. Major trends in the forecast period include market expansion in emerging economies, environmental regulations and sustainability initiatives, technological advancements in coating formulations, architectural design innovation, shift towards high-performance coatings.

The increasing demand for coil coatings from the building and construction industry is anticipated to drive the growth of the coil coatings market in the coming years. Building and construction involve the process of constructing homes, public buildings, and industrial facilities. Coil coatings provide protective coatings and sealants that are applied to various surfaces to enhance their appearance, corrosion resistance, adhesion, and scratch resistance. For example, in July 2023, the Australian Bureau of Statistics, a government agency in Australia, reported that in the March quarter of 2023, the number of dwellings under construction reached 240,813, up from 240,065 in 2022. Among this total, new houses accounted for 103,778 in 2023, compared to 101,240 in the previous year. Thus, the growing demand for coil coatings from the construction industry is fueling the expansion of the coil coatings market.

The rising automotive production is expected to contribute to the growth of the coil coatings market in the coming years. Automotive production involves manufacturing motor vehicles, including cars, trucks, buses, and motorcycles. Coil coatings enhance automotive production by providing protective, cost-effective solutions that improve durability, performance, and overall quality. For instance, in January 2022, the Bureau of Infrastructure and Transport Research Economics, a government agency in Australia, reported that as of January 31, 2022, there were around 40,000 registered battery electric vehicles (BEVs), reflecting a growth of approximately 100% compared to 2021. This total includes about 34,200 passenger cars, representing an increase of 118% over the previous year. Additionally, there were approximately 277,000 registered hybrid-electric vehicles (HEVs) in 2022, indicating a 35% rise from 2021. Therefore, the increasing automotive production is driving the growth of the coil coatings market.

Major companies in the coil coatings market are concentrating on introducing innovative products, such as energy-curable coatings, to gain a competitive edge. Energy-curable coatings are a category of coatings that cure quickly when exposed to energy sources like ultraviolet (UV) light or electron beams (EB), resulting in a solid, durable finish without the necessity for solvents or high-temperature drying processes. For example, in July 2024, PPG, a US-based manufacturer of paints, coatings, and adhesives, launched the PPG DURANEXT line, which features electron-beam (EB) and ultraviolet (UV) curable backers, basecoats, primers, and clearcoats. This product line offers metal coil coaters improved energy efficiency and faster curing times. PPG DuraNEXT coatings use electron beam or ultraviolet energy to convert a liquid coating into a fully cured solid finish within seconds, with minimal loss of thickness or weight.

Major companies in the coil coating market are focused on developing new innovative products, such as color-coated coils, to maintain their market position. Color-coated coils are metal coils that have been covered with a layer of paint or finish, often used in the construction, automotive, and appliance industries due to their aesthetic appeal and corrosion resistance. For instance, in June 2022, APL Apollo Tubes Ltd, an India-based company, launched Apollo Navrang, a new brand offering a range of color-coated coils and sheets for various industries, including construction and automotive. This initiative aims to replace traditional manual painting processes with pre-painted steel, thereby enhancing efficiency and sustainability.

In April 2022, Akzo Nobel N.V., a renowned Netherlands-based manufacturer specializing in coating and flooring materials, completed the acquisition of Grupo Orbis for an undisclosed sum. This strategic move is anticipated to bolster Akzo Nobel's presence in Latin America by expanding its workforce and broadening its array of paints and coatings products. Grupo Orbis, a Colombia-based chemical company, is recognized for its expertise in manufacturing paint and coating products, making this acquisition a pivotal step in enhancing Akzo Nobel's footprint and market reach within the region.

Major companies operating in the coil coatings market include BASF SE, ArcelorMittal SA, Bayer AG, The Sherwin-Williams Company, Covestro AG, PPG Industries Inc., DuPont de Nemours Inc., Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd., Fujian New Shiying Paint Co. Ltd., Wacker Chemie AG, The Chemours Company, RPM International, Cornerstone Building Brands, Metal Coaters System, NipseA Group, Axalta Coatings System LLC, Valspar Corporation, Jotun Group, Evonik Industries AG, Hempel A/S, NOROO Coil Coatings Co. Ltd., Brillux GmbH & Co. KG, Beckers Group, Yung Chi Paint & Varnish Mfg Co. Ltd., CENTRIA Inc., Recubrimientos Plasticos S.A., Titan Coatings Inc., BDM Coil Coaters, Teknos Group Oy, Henkel AG & Company, Kansai Nerolac Paints Limited.

Asia-Pacific was the largest region in the coil coating market in 2024. The regions covered in the coil coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the coil coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Coil coating refers to a continuous or automated process for applying a polyester resin to metal coils, which encompasses cleaning, pre-treatment, and coating of flat steel or aluminum sheets. The process involves several steps: cleaning, surface treatment, drying, primer coating, top coating, and foil lamination. The most common formulations used in this process include polyester, polyfluorocarbons, alkyds, acrylics, and plastisol.

The primary segments within coiled coating markets encompass polyester, fluoropolymer, siliconized polyester, polyvinylidene difluoride, polyurethane (PU), plastisols, and additional variants. Polyester, derived from petroleum, characterizes synthetic fabrics known for their ease of handling and machine washability, requiring minimal special care. These coatings find diverse applications primarily within the steel and aluminum sectors, extensively utilized across construction, automotive, industrial manufacturing, domestic appliances, and other related industries.

The coiled coating market research report is one of a series of new reports that provides coiled coating market statistics, including global market size, regional shares, competitors with a coiled coating market share, detailed coiled coating market segments, market trends and opportunities, and any further data you may need to thrive in the coiled coating industry. This coiled coating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The coil coating market includes revenues earned by entities by coating coils using metals. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.