The technical coil coatings market is driven by the increasing demand for coil coatings in the construction, automotive, and appliances industries. Coil coatings are used to protect and enhance the durability of metal surfaces, which is essential for outdoor applications. The growth in infrastructure development, coupled with the increasing use of metal in construction, is expected to boost the demand for technical coil coatings. Additionally, the growing demand for energy-efficient appliances and automobiles is expected to fuel the growth of the market. However, the high cost of coil coatings and the availability of substitutes such as liquid coatings and powder coatings may hinder market growth. Furthermore, the impact of COVID-19 on supply chains and production activities may also affect the market's growth in the short term.
Global Technical Coil Coatings Market was valued at US$ 5560.00 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.67 % during the forecast period (2022 to 2030).
Prominent Players in the Technical Coil Coatings Industry:
1. PPG Industries Inc.
PPG Industries Inc. was founded in 1883 and is headquartered in Pittsburgh, Pennsylvania, USA. The company operates in more than 70 countries with its main products being coatings, paints, and specialty materials. In March, 2023 PPG announced the launch of the PPG ENVIROCRON® Primeron primer powder portfolio, designed to provide high corrosion resistance for metal substrates including steel, hot-dip-galvanized steel, metalized steel and aluminum.
2. BASF S.E.
BASF S.E. was founded in 1865 and is headquartered in Ludwigshafen, Germany. The company operates in more than 80 countries and is the largest chemical producer in the world. BASF produces a wide range of products, including coatings, plastics, and agricultural chemicals. In March, 2023 BASF introduces a new Ultramid® Deep Gloss grade, optimized for highly glossy automotive interior parts, and applied for the first time to the garnish of Toyota‘s new Prius.
3. Akzo Nobel N.V.
Akzo Nobel N.V. was founded in 1994 and is headquartered in Amsterdam, Netherlands. The company operates in more than 80 countries and produces a range of products including coatings, paints, and specialty chemicals. In December, 2022 AkzoNobel has completed the acquisition of the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH, a deal which strengthens the company’s performance coatings portfolio.
4. The Valspar Corporation
The Valspar Corporation was founded in 1806 and is headquartered in Minneapolis, Minnesota, USA. The company operates in more than 100 countries and produces a range of coatings and paints. In March, 2023 industry leading paint and coatings brand Valspar® announces a new line of exterior paint & primer called Valspar® Defense™. This innovative offering provides extreme protection through advanced water-beading technology to repel water year-round and help prevent moisture damage
5. DowDuPont Inc.
DowDuPont Inc. was founded in 2017 and was headquartered in Midland, Michigan, USA. The company operated in more than 70 countries and produced a range of products including coatings, plastics, and chemicals. The company has since split into two separate entities, Dow Inc. and DuPont de Nemours, Inc.
6. The Sherwin-Williams Company
The Sherwin-Williams Company was founded in 1866 and is headquartered in Cleveland, Ohio, USA. The company operates in more than 120 countries and produces a range of coatings, paints, and related products. In November, 2022 Sherwin-Williams to Acquire German Wood Coatings Companies, Oskar Nolte GmbH and Klumpp Coatings GmbH.
7. Backers Group
Backers Group was founded in 1902 and is headquartered in Herford, Germany. The company operates in more than 40 countries and produces a range of coatings and paints.
8. Kansai Nerolac Paints Limited
Kansai Nerolac Paints Limited was founded in 1920 and is headquartered in Mumbai, India. The company operates in India and some international markets, producing a range of coatings and paints.
*Definition- Technical coil coatings are specialized coatings that are applied to metal coils to provide protection, corrosion resistance, and durability. They are used in various industries such as construction, automotive, and appliances to enhance the performance and longevity of metal products.
