Coil Coatings Industry Size, Share, Demand & Growth by 2033
The global coil coatings industry size is forecasted to exhibit a 4.7% CAGR through 2033.
The industry’s size is predicted to increase from US$ 5.24 billion in 2023 to US$ 8.29 billion
by 2033.
Increasing demand for enduring value and high-end aesthetics are fueling the application of
coil coatings in the building and construction industry in roofing and siding, doors, ceiling
grids, windows, etc.
The technical coil coatings available in the market are cost-effective and efficient ways to
pre-paint aluminum and steel substrates in various industries, including construction,
furniture, transportation, and household appliances.
Robust industrial development and thriving construction sector in emerging economies are
augmenting the market sales of functional coil coatings. Further, the construction and
renovation activities are prominently observed in the Asia Pacific region, thus giving impetus
to the consumption of coil coatings.
Some of the underway construction projects in the Asia Pacific is the Hamamatsucho
Shibaura 1 Chome Redevelopment project, which is valued at US$ 3,170 million. The project
is expected to be accomplished by 2030 in Tokyo, Japan.
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Another related project is called the Wuhan Fosun Bund Center T1 project, which includes
the construction of Fosun Bund Center T1 in Wuhan, China. As a result, the surge in
construction projects is anticipated to propel the demand for coil coatings in the Asia Pacific.
The market is also bolstered by the increasing demand for transport vehicles. The automotive
sector in India is expected to witness solid sales in the Asia Pacific region due to the
consumers’ interest in personal automobiles over public transportation.
As per OICA, automobile production in India totaled 54,56,857 units in 2022, exhibiting a
surge of 24% compared to 2020. As a result, the Asia Pacific industry is expected to be
considerably influenced by accelerating automobile manufacturing.
Top Highlights from the Global Coil Coatings Market Report

Canada’s market is expected to fare well in the coming years as construction projects
increase in the country due to heightened migration.

The coil coatings market in China is expected to swell at a considerable pace, given
the surging investments in the transportation and automotive industries.

India is another key market for coil coatings due to the rising expansion of companies
in the country to gain from the accelerating India’s economy.

Manufacturers have spotted Australia as a significant market that is expected to
catalyze the revenues of manufacturers able to capture the market for coil coatings.
New Innovations Unfolding in the Market

In December 2020, Sherwin-Williams Coil Coatings introduced a platform for
polyester coatings called PolyPREMIER™. The company’s high-performing
polyester coil coatings are combined under this master brand to make it easy for
customers to specify coatings for a wide variety of applications. The coil coating
formulations can be customized for different applications and end-use specifications.

In March 2021, AkzoNobel introduced TRINAR® TC, which is a novel PFOA-free
PVDF coil coating system that unites 70% PVDF performance with convenient usage
and better durability. The latest addition to the Coil Coatings portfolio, TRINAR®
TC, offers surged scratch, stain, and abrasion resistance throughout diverse
applications such as building and construction and metal roofing.

In July 2020, AkzoNobel introduced TRINAR A-CLAD, which is a new coil coating
system for monumental and commercial Aluminum Composite Panels (ACPs)
projects.
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