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Tuesday, 24 September 2019
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Markets & companies, Coatings market

Coil coatings market estimated to reach EUR 5,020.82 million by 2019

Monday, 20 October 2014

The report "Coil Coatings Market by Type, by Application, and by End User Industry - Global Forecast to 2019" analyses the global coil coatings market.

The Asia-Pacific region is the fastest growing segment of the global coil coating market. Source: Henkel

The Asia-Pacific region is the fastest growing segment of the global coil coating market. Source: Henkel

The current market value of the global coil coatings market (2013) is about EUR 3,484.81 million and is estimated to reach EUR 5,020.82 million by 2019, at a CAGR of 6.30% between 2014 and 2019, according to MarketsandMarkets.

End-users are of growing interest

The global coil coatings market is significantly penetrating in their end-user industries. The characteristics of the end products differ as per the requirement of end- user industries and for different applications.

Asia-Pacific growth mostly

The Asia-Pacific region is the fastest growing segment of the global coil coating market and is mainly attributed to high economic growth rate followed by heavy investment across end user industries such as building and construction, appliance, automotive, and others. The Asia-Pacific and RoW markets are estimated to show a rising growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions.

High investments for the future

R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of coil coatings and match the new demands coming from various types of applications. Asia-Pacific is the largest market, both in terms of volume and value, followed by Europe. China, Japan, U.S., Turkey, India, Brazil, and Russia are expected to persist as successful coil coating markets.

The key players

The key players in the coil coatings market are

  • Akzonobel N.V. (Amsterdam, Netherlands),
  • PPG Industries Inc. (U.S.),
  • and The Valspar Corporation (U.S.).

Some of the other companies operating in the global market include

  • BASF SE (Ludwigshafen, Germany),
  • DuPont (U.S.),
  • Henkel AG & Company (Dusseldorf, Germany),
  • Kansai Paint Chemical Limited (Osaka, Japan),
  • The Beckers Group (Berlin, Germany),
  • The Sherwin-Williams Company (U.S.),
  • and Wacker Chemie AG (Munich, Germany).

Different applications focussed for Eastern Europe, South-East Asia and Latin America

The Eastern and Central European nations, emerging South-East Asian, and Latin American nations that will host the future global events would supplement the growth of coil coatings in different applications. Governmental regulations and proposals for improvement of infrastructure, and the rising housing market in emerging economies will drive the coil coatings market. The coil coatings demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies. The high demand across the end user industries, such as building and construction, appliance, automotive, and others will increase the overall coil coatings consumption.

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