Market Overview:
The global functional coil coating market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for functional coatings from various end-use industries, such as residential and industrial buildings. In terms of type, the primer segment is expected to lead the global functional coil coating market during the forecast period, followed by back paint and topcoat segments. In terms of application, the residential building segment is projected to lead the global functional coil coating market during 2018-2030.
Product Definition:
Functional Coil Coating is a process that coats the surface of metal coils with a protective film. This film helps to prevent the coils from corroding and rusting, which can cause damage to the equipment and reduce its lifespan. Functional Coil Coating also helps to improve the insulation properties of the coils, making them less susceptible to electrical faults.
Primer:
A primer is a one-component coating that is applied to the base material. It has no significant function other than to provide an initial layer of paint or color. Primers are used in various end-use industries such as automotive, construction, furniture and interiors among others.
Back Paint:
Back paint is a powder coat that is applied to the reverse side of the coil. It helps in reducing friction, keeping fingers clean and provides better adhesion for next layer of coating. Back paint contains polyurethane which acts as a release agent and keeps the particles from bonding to each other preventing them from clogging up the gun. The type of back paints used depends on properties required such as anti-friction, anti-microbial, UV protection or scratch resistance etc.
Application Insights:
The demand for coil coatings is expected to witness growth in industrial applications owing to their superior properties including corrosion resistance, chemical stability and hardness. In addition, these coatings enhance the gloss of the metal surface and provide protection from harsh environments such as weather, moisture and acid rain.
Residential building was the largest application segment in 2017 accounting for a volume share of over 40%. These coatings are used on all metallic surfaces including windows frames & sashes (frames only), door hardware & trim (knobs/handles/hinges only), roofing systems (gutters only) and exterior walls with no restrictions whatsoever. The product provides protection against extreme environmental conditions such as snow melting ice de-icing water splatter & stains etc., which enhances its demandability in residential applications.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization, increasing foreign investments, rising disposable income levels and growing population. In addition, rapid urbanization coupled with growing infrastructure activities in countries such as China and India are likely to drive demand for functional coatings in Asia Pacific region.
The industry players are focusing on expanding their business operations by introducing new products and technologies within their respective industries. For instance, BASF SE has introduced a water-based polyurethane coating system under brand name BASF Performance Urethane Coatings for interior applications such as wood veneer paneling, wall covering & flooring systems etc., which is expected to expand application scope of these paints across various end-use industries over the next eight years.
Growth Factors:
- Increasing demand for coil coatings from the automotive and construction industries due to their corrosion resistance and durability properties.
- Rising demand for energy-efficient and lightweight coil coatings that can improve the performance of end products.
- Growing popularity of powder coating as a low-emission, environmentally friendly alternative to solvent-based coatings.
- Advances in coating technologies that offer improved performance, durability, and sustainability benefits over traditional methods.
Scope Of The Report
Report Attributes
Report Details
Report Title
Functional Coil Coating Market Research Report
By Type
Primer, Back Paint, Topcoat
By Application
Resident Building, Industrial Building
By Companies
Akzo Nobel, PPG Industries, Valspar, BASF, Beckers, NIPSEA Group, KCC, Actega(Altana), Axalta, Dura Coat Products, Henkel, Daikin, Titan Coating, KelCoatings, Srisol, Yung Chi Paint&Varnish, Unicheminc, Shanghai Huayi Fine Chemical, Jiangsu Lanling Group, Shaanxi Baotashan Paint, Pingyuan Wente, Tangshan Wick Painting Chemical, CNOOC Changzhou EP Coating, Ningbo Zhengliang Coatings, Zhejiang Tiannv Group, Changzhou Baoxin Anticorrosive Material
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Functional Coil Coating Market Report Segments:
The global Functional Coil Coating market is segmented on the basis of:
Types
Primer, Back Paint, Topcoat
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Resident Building, Industrial Building
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Akzo Nobel
- PPG Industries
- Valspar
- BASF
- Beckers
- NIPSEA Group
- KCC
- Actega(Altana)
- Axalta
- Dura Coat Products
- Henkel
- Daikin
- Titan Coating
- KelCoatings
- Srisol
- Yung Chi Paint&Varnish
- Unicheminc
- Shanghai Huayi Fine Chemical
- Jiangsu Lanling Group
- Shaanxi Baotashan Paint
- Pingyuan Wente
- Tangshan Wick Painting Chemical
- CNOOC Changzhou EP Coating
- Ningbo Zhengliang Coatings
- Zhejiang Tiannv Group
- Changzhou Baoxin Anticorrosive Material
Highlights of The Functional Coil Coating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Primer
- Back Paint
- Topcoat
- By Application:
- Resident Building
- Industrial Building
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Functional Coil Coating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Functional coil coating is a type of paint that is applied to coils in order to protect them from the elements and other damage. The paint can help prevent corrosion, which can lead to loss of efficiency and performance.
Some of the major players in the functional coil coating market are Akzo Nobel, PPG Industries, Valspar, BASF, Beckers, NIPSEA Group, KCC, Actega(Altana), Axalta, Dura Coat Products, Henkel, Daikin, Titan Coating, KelCoatings, Srisol, Yung Chi Paint&Varnish, Unicheminc, Shanghai Huayi Fine Chemical, Jiangsu Lanling Group, Shaanxi Baotashan Paint, Pingyuan Wente, Tangshan Wick Painting Chemical, CNOOC Changzhou EP Coating, Ningbo Zhengliang Coatings, Zhejiang Tiannv Group, Changzhou Baoxin Anticorrosive Material.
The functional coil coating market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Functional Coil Coating Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Functional Coil Coating Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Functional Coil Coating Market - Supply Chain
4.5. Global Functional Coil Coating Market Forecast
4.5.1. Functional Coil Coating Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Functional Coil Coating Market Size (000 Units) and Y-o-Y Growth
4.5.3. Functional Coil Coating Market Absolute $ Opportunity
5. Global Functional Coil Coating Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Functional Coil Coating Market Size and Volume Forecast by Type
5.3.1. Primer
5.3.2. Back Paint
5.3.3. Topcoat
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Functional Coil Coating Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Functional Coil Coating Market Size and Volume Forecast by Application
6.3.1. Resident Building
6.3.2. Industrial Building
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Functional Coil Coating Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Functional Coil Coating Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Functional Coil Coating Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Functional Coil Coating Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Functional Coil Coating Demand Share Forecast, 2019-2026
9. North America Functional Coil Coating Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Functional Coil Coating Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Functional Coil Coating Market Size and Volume Forecast by Application
9.4.1. Resident Building
9.4.2. Industrial Building
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Functional Coil Coating Market Size and Volume Forecast by Type
9.7.1. Primer
9.7.2. Back Paint
9.7.3. Topcoat
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Functional Coil Coating Demand Share Forecast, 2019-2026
10. Latin America Functional Coil Coating Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Functional Coil Coating Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Functional Coil Coating Market Size and Volume Forecast by Application
10.4.1. Resident Building
10.4.2. Industrial Building
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Functional Coil Coating Market Size and Volume Forecast by Type
10.7.1. Primer
10.7.2. Back Paint
10.7.3. Topcoat
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Functional Coil Coating Demand Share Forecast, 2019-2026
11. Europe Functional Coil Coating Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Functional Coil Coating Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Functional Coil Coating Market Size and Volume Forecast by Application
11.4.1. Resident Building
11.4.2. Industrial Building
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Functional Coil Coating Market Size and Volume Forecast by Type
11.7.1. Primer
11.7.2. Back Paint
11.7.3. Topcoat
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Functional Coil Coating Demand Share, 2019-2026
12. Asia Pacific Functional Coil Coating Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Functional Coil Coating Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Functional Coil Coating Market Size and Volume Forecast by Application
12.4.1. Resident Building
12.4.2. Industrial Building
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Functional Coil Coating Market Size and Volume Forecast by Type
12.7.1. Primer
12.7.2. Back Paint
12.7.3. Topcoat
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Functional Coil Coating Demand Share, 2019-2026
13. Middle East & Africa Functional Coil Coating Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Functional Coil Coating Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Functional Coil Coating Market Size and Volume Forecast by Application
13.4.1. Resident Building
13.4.2. Industrial Building
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Functional Coil Coating Market Size and Volume Forecast by Type
13.7.1. Primer
13.7.2. Back Paint
13.7.3. Topcoat
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Functional Coil Coating Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Functional Coil Coating Market: Market Share Analysis
14.2. Functional Coil Coating Distributors and Customers
14.3. Functional Coil Coating Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Akzo Nobel
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. PPG Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Valspar
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BASF
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Beckers
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NIPSEA Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. KCC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Actega(Altana)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Axalta
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Dura Coat Products
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Henkel
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Daikin
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Titan Coating
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. KelCoatings
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Srisol
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Yung Chi Paint&Varnish
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Unicheminc
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Shanghai Huayi Fine Chemical
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Jiangsu Lanling Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Shaanxi Baotashan Paint
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
