PUBLISHER: Market Research Future | PRODUCT CODE: 1568384
PUBLISHER: Market Research Future | PRODUCT CODE: 1568384
Global Coil Coatings for Building & Construction Market Research Report Information By Substrate (Steel, and Aluminium) By Resin Type (Polyester, Fluropolymer, Siliconized Polyester, Polyurethane (PU), Plastisol, and Others) By Product Type (Topcoats, Primers, Backing Coats, Others) By Application (Residential, Commercial, Industrial) and By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa)- Forecast to 2032
The market size for coil coatings in building and construction was estimated to be USD 4,773.6 million in 2023. The Coil Coatings for Building & Construction industry is expected to reach USD 7,139.6 million by 2032, with a compound yearly growth rate (CAGR) of 4.48% over the forecast period (2024-2032). The global coil coating for building and construction market is predicted to be driven by the construction industry's growth. Coil coatings are widely utilized in metal roof and wall cladding systems. The coatings protect metal panels from weathering, UV radiation, and corrosion, assuring their durability and lifespan. Coil coatings are applied uniformly, ensuring constant quality and appearance across the panel's whole surface. Furthermore, the growing preference for metal building materials such as steel and aluminum has a substantial impact on the demand for coil coating in the building and construction industries. Metal materials, such as steel and aluminum, are becoming increasingly popular in the building sector due to their durability, strength, and aesthetic appeal. Metal panels, roofing, and sheets are widely employed in commercial and residential buildings to provide artistic appeal while withstanding harsh weather conditions. Metal in construction requires coil coating to improve weather resistance and prevent it from corrosion, which drives demand for coil coatings. However, fluctuations in raw material prices can have an impact on overall production costs, making it difficult for coil coating manufacturers to maintain competitive pricing while restraining demand, particularly during periods of extreme volatility. Furthermore, the diversification of coil coating into specialty applications within the building and construction industries creates considerable opportunities for the coil coatings market.
Market Segment insights
The Coil Coatings for Building & Construction Market has been categorized based on substrate into steel and aluminum.
In 2023, the polyester segment had the greatest market revenue share of 62.05%, and it is estimated to increase at a CAGR of 4.68% over the forecast period. Polyester resin is one of the most widely used coatings in the building and construction industries due to its low cost and versatility. These coatings have excellent durability, weather resistance, and color retention qualities. Polyester coil coatings are applied by cleaning the substrate, adding a primer, then the polyester topcoat, and finally curing.
Product Segmentation: Insights
The topcoats segment had the greatest share of market revenue in 2023, accounting for 79.76%, and it is expected to increase by 4.57% over the forecast period. Topcoats are an important component of coil coatings used in architectural and construction applications. These coatings are placed as a finishing layer over primers and backing coats to give a protective and decorative finish for metal substrates.
Application-based segmentation insights
In 2023, the residential segment had the biggest revenue share of 58.80%, and it is expected to expand by 4.74% over the projection period. Residential coil coatings are specifically intended for use in homes, apartments, and other residential structures.
AkzoNobel NV, PPG Industries, Henkel, Wacker Chemie AG, Beckers Group, Sherwin-Williams Company, Groupe Mader, Axalta Coating Systems, Nipponpaint Industrial Coatings Co., Ltd., Arkema, and Northern Coatings and Chemical Co. are the leading players in the global coil coatings market for building and construction.