Functional Coil Coatings Market (2022-2031) Size by Trends, Share, Growth, Company Profiles: Akzo Nobel NV, JK Coil Coating Pvt Ltd, Jotun Group, Dura Coat Products, Inc., Noroo Coil Coatings
Rapid urbanization, increasing infrastructure development and growing disposable incomes are elevating the construction industry. This growth is expected to drive the demand for functional coil coatings over the forecast period.
The growing trend towards sustainability is increasing the demand for clean and green buildings around the world. This creates a noticeable demand for solar reflective, heat management, antimicrobial, and other functional coil coatings, which benefits the market.
With the onset of the COVID-19 pandemic, awareness of the need to prevent communicable diseases has increased dramatically. Hence, the demand for antimicrobial coatings is expected to witness remarkable growth over the forecast period.
Strict regulations imposed on the composition and production of functional coil coatings by regulatory agencies are expected to be a major limiting factor. Addressing the challenges posed by these factors will prove crucial for the continued growth of the global functional coil coatings market.
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Global Functional Coil Coatings Market: Participant Insights
Leading continuous coating manufacturers engage in research and development for product innovation and development to meet the changing demands of the large-scale consumer base.
According to market research analysis, Akzo Novel NV, JK Coil Coating Pvt. Ltd., Jotun Group, Dura Coat Products Inc., Noroo Coil Coatings, Titan Coatings Inc., Eastman Chemical Company, Modine Manufacturing Inc., Chemetall Group., ALCEA, Recubrimientos Plasticos SA, Italcoat Srl, Lord Corporation, Sherwin-Williams, PPG Industries, Axalta Coating systems, The Chemours Company, Nano-X GmbH, Ozkem Pty Ltd., Blygold International BV, HB Fuller and many others are identified as key players in the global functional coil coatings market.
“Rising investment in construction activities coupled with steady growth in automobile sales are key factors that are expected to increase the demand for functional coil coatings during the forecast period to 2031,” said a IMF analyst.
Key Findings from the Global Functional Coil Coatings Market Research
- Steel cladding will account for more than 75% of the global value share in 2021, due to a wider scope of application in the construction sector.
- Solar reflective coatings are gaining momentum with a CAGR of 5.2% through 2031, supported by applications in the transportation and infrastructure sectors.
- China ranks first in East Asia with an estimated 66.5% value share by 2031, driven by a mature and large-scale chemical industry.
- Russia is emerging as a major market for functional coil coatings in Europe with a valuation of over US$13 million in 2021, driven by investment in the construction industry.
- The United States accounts for approximately 89.8% of North America’s value share through 2031, due to the presence of major construction and automotive players
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Global Functional Coil Coatings Market by Category
- Steel coatings
- Aluminum coatings
By product type:
- Backing layer
By type of function:
- Anti-graffiti coating
- Antimicrobial coating
- Solar reflective coating
- Self-cleaning coating
- Self-healing coating
- Dust-proof coating
- Nox reducing coating
- Photovoltaic coating
- Polychrome coating
- laminating film
- fire resistant coating
- Heat saving coating
- Scratch resistant coating
By type of material:
By end use:
- Durable consumer goods
- Washing machine and dishwasher
- Toaster and toaster
- Metal furniture
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Key Market Trends
3.1. Key trends impacting the market
3.2. Innovation / Development Trends
4. Key success factors
4.1. Product Adoption / Usage Analysis
4.2. Innovation and product diversification
4.3. Marketing and brand management
4.4. Supply chain management
5. 2016-2020 Global Functional Coil Coatings Market Demand Analysis and Forecast, 2021-2031
Key Questions Answered by the Report
What is the demand outlook for the Functional Coil Coatings market?
What is the current value of the Functional Coil Coatings market?
What is the volume outlook for the Functional Coil Coatings market?
How fast has the Functional Coil Coatings market grown in the past 5 years?
What is the share of the major players in the functional coil coatings market?
What is the outlook for the Functional Coil Coatings market in North America?
How fast are sales of functional coil coatings expected to grow in Europe?
What are the key statistics of the Functional Coil Coatings market in South Korea and Japan?
Who are the leading exporters in the Functional Coil Coatings Market?
Who are the major producers of the Functional Coil Coatings market?
What is the global YoY growth of the Functional Coil Coatings market in 2020-2021?
What are the major trends prevailing in the Functional Coil Coatings market?
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