The Europe coil coatings market is anticipated to register a CAGR of 5%, during the forecast period, 2021-2028. The growth of the market is attributed to the increasing use of coil coatings for sheet and panels utilized in containers, caravan, insulated boxes, trailer bodies, road, and railway coaches, among others.
Coil coatings are used for the effective coating on the metal. It is a pre-treatment, which is done on the metal to produce uniform finish and avoid corrosion of the metal. Coil coating or pre-painting is usually applied prior to the fabrication. The metal strips go through the automated industrialized process for the coil coating, which fasten up the process.
Market Drivers, Restraints, Trends, and Opportunities
- Increasing demand for fluoropolymer coatings for architectural applications is projected to drive the market growth during the forecast period.
- The COVID-19 pandemic had resulted in the closedown of manufacturing facilities across the globe. However, the declining cases of the virus has led to the opening of the manufacturing plants and increased the construction activities. The market is anticipated to recover by end of 2021.
- Rapid industrialization and urbanization is speculated to stimulate the growth of the market in the projected timeline.
- Consistent economic growth in the Europe-based countries, such as Germany, United Kingdom, France, Italy, and Spain has increased the demand for metal owing to rising construction activities, which in turn, has driven the growth of the Europe coil coating market.
Scope of the Report
The report on the Europe coil coatings market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
Attributes
|
Details
|
Report Title
|
Coil Coatings Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
Base Year
|
2020
|
Historic Data
|
2018–2019
|
Forecast Period
|
2021–2028
|
Segmentation
|
Resin Types (Polyester, Polyvinylidene Fluorides, Polyurethane, Plastisols, and Others), End-user Industries (Building and Construction, Industrial and Domestic Appliances, Automotive, Furniture, HVAC, and Others)
|
Geographies: Europe
|
Germany, United Kingdom, Italy, France, Russia, Spain, and Rest of Europe
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
Key Players Covered in the Report
|
AkzoNobel N.V., Beckers Group, The Sherwin-Williams Company, and PPG Industries, Inc.
|
Europe coil coatings market segment Insights
Polyester segment to account a major market share
Based on resin types, the market is segregated into polyester, polyvinylidene fluorides, polyurethane, plastisols, and others. The polyester segment is anticipated to account for a major market share during the forecast period. This resin type offers excellent corrosion and weather resistance properties, which in turn, has increased its usage for the coil coatings. On the other hand, the polyvinylidene flourides segment is expected to grow at a healthy rate in the projected timeline.
Building and construction segment to hold a significant market share
Based on end-user industries, the market is divided into building and construction, industrial and domestic appliances, automotive, furniture, HVAC, and others. The building and construction segment is projected to account for a significant market share during the forecast period. Rapid industrialization and urbanization owing to the increasing construction activities is expected to spur the segment growth.
The prime resins that are used extensively in construction are polyester and silicone-modified polyester and polyvinylidene fluorides (PVDF), also known as, fluoropolymer. Conversely, the automotive segment is anticipated to grow at a sustainable rate owing to presence of major automotive companies in the region.
Germany to dominate the market
Based on geographies, the market is segregated into Germany, United Kingdom, Italy, France, Russia, Spain, and Rest of Europe. Germany is projected to dominate the market during the forecast period. Rising construction activities in the country is driving the growth of the market. The short-term and mid-term outlook for the Germany construction market forecasts a strong demand for infrastructure and housing investments. The construction sector in the country shows a high degree of capacity utilization, with increased competition for sub-suppliers and can face workforce shortness in the coming years.
The market in the UK is anticipated to exhibit a robust CAGR during the forecast period. Increasing number of foreign players investing in the country and presence of favorable policies for the investment are driving the growth of the market in the country. However, the market in Russia is expected to grow at a steady rate in the projected timeline.
Segments
Segments Covered in the Report
The Europe coil coatings market has been segmented on the basis of
Resin Types
- Polyester
- Polyvinylidene Fluorides
- Polyurethane
- Plastisols
- Others
End-user Industries
- Building and Construction
- Industrial and Domestic Appliances
- Automotive
- Furniture
- HVAC
- Other End-user Industries
Geographies
- Germany
- United Kingdom
- Italy
- France
- Russia
- Spain
- Rest of Europe
Key players
- AkzoNobel N.V.
- Beckers Group
- The Sherwin-Williams Company
- PPG Industries, Inc.
Competitive Landscape
The major players of the market are AkzoNobel N.V., Beckers Group, The Sherwin-Williams Company, and PPG Industries, Inc.
Companies are engaging in partnerships and mergers to expand their market share.
