The coil coatings market will see a CAGR of more than 4.3% between 2024 and 2032, which can be attributed to the rise in the use of pre-painted metal components in the building and industrial industries. Coil coatings are crucial for prolonging the life of metal surfaces, improving aesthetics, and preventing corrosion.
The market is also being driven by the growing trend toward eco-friendly and sustainable products, as producers create coatings with low volatile organic compounds (VOCs) and energy efficiency. New developments in coating technology, such smart coatings, provide antimicrobial and self-healing qualities. For example, the first commercial paint formulas utilizing dual UV and electron-beam curing were developed in February 2023 by Beckers, a leader in coil coatings.
Additionally, the growing emphasis on energy efficiency in buildings and infrastructure boosts the demand for coated metal products, which offer superior thermal insulation and energy-saving benefits. The expansion of the manufacturing sector in emerging economies, coupled with increased infrastructure spending, is further accelerating the adoption of coil coatings, ensuring a positive market outlook.
The coil coatings market is classified based on product, end user, and region.
The Polyvinylidene Fluorides (PVDF) segment will record a significant growth, attributed to the material’s exceptional performance in harsh environments. Its superior resistance to chemicals, UV radiation, and extreme temperatures makes it ideal for applications requiring long-term durability. As industries seek coatings that offer robust protection and maintain aesthetic qualities over extended periods, the demand for PVDF-based solutions rises.
The need for improved protection and aesthetic appeal will propel the automobile industry to a significant market share. Automakers are depending more and more on coatings that offer resistance to corrosion, abrasion, and environmental variables as buyers place a higher value on a vehicle’s durability and performance. Furthermore, coatings with vivid colors and finishes are required due to the car industry’s quest for creative design and customisation.
Because of rising infrastructure development and building activity, the North American coil coatings market is expected to grow at an exceptional rate over the forecast period. The need for strong, visually appealing building materials is increasing as cities grow and deteriorating infrastructure is restored. Adoption of innovative coating technologies is reinforced by stringent regulatory demands for energy efficiency and environmental sustainability.
