Press Release

Coil & Extrusion Coating Market to Grow with a CAGR of 4.55% through 2028

Growing demand of coil & extrusion coating in furniture industry is expected to drive the Global Coil & Extrusion Coating Market growth in the forecast period, 2024-2028.

 

According to TechSci Research report, “Coil & Extrusion Coating Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Coil & Extrusion Coating Market stood at USD 1.12 billion in 2022 and is anticipated to grow with a CAGR of 4.55% in the forecast period, 2023-2028. The initiatives taken by government based on Coil & Extrusion Coating has led to favorable market conditions for the Global Coil & Extrusion Coating Market. Several factors contribute to the growth of various Coil & Extrusion Coating products.

Governments around the world are increasingly prioritizing sustainability in various industries, including the coil and extrusion coating industry. They are implementing initiatives that promote LEED accreditation and encourage energy-saving practices, acting as catalysts for companies to adopt more sustainable methods. As a result, there is a growing focus on developing coatings that are not only energy-efficient but also made from recycled materials, contributing to the overall goal of reducing environmental impact.

One exemplary company leading the way in this movement is Sherwin-Williams, a renowned manufacturer of coil and extrusion metal coatings. Recognizing the importance of sustainability, Sherwin-Williams actively collaborates with these government initiatives to drive innovation and enhance the industry's ecological footprint. By embracing sustainable practices and investing in research and development, Sherwin-Williams sets a commendable example for other companies in the pursuit of a more environmentally conscious future.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Coil & Extrusion Coating Market

 

The future of industrial coatings, which includes coil and extrusion coatings, is shaping up to be both innovative and sustainable. Manufacturers are dedicated to developing new formulations that not only deliver exceptional performance but also prioritize environmental friendliness. By leveraging advanced technologies and materials, they are striving to create coatings that minimize the ecological footprint while meeting the stringent quality standards of the industry. This shift towards sustainability is driven by the growing consumer demand for eco-friendly products, including furniture that is both aesthetically pleasing and environmentally responsible. The furniture industry itself is experiencing remarkable growth, especially in regions like Asia-Pacific. This surge can be attributed to factors such as rapid urbanization and the rise in disposable incomes, leading to an increased demand for high-quality, stylish furniture. As the demand for furniture continues to rise, manufacturers are turning to coil and extrusion coatings to ensure that their products stand out in terms of durability, aesthetics, and performance. These coatings provide a protective layer that enhances the longevity of furniture, making it more resistant to wear and tear, as well as environmental factors. With the application of these coatings, manufacturers can meet the evolving needs of their customers and deliver furniture that not only meets but exceeds their expectations.

The Global Coil & Extrusion Coating Market is segmented into type, resin, end user, regional distribution, and company

Based on its resin, the polyester segment held the largest share in the market. Polyester coatings are widely recognized for their exceptional durability, making them a top choice for various applications. Not only do they possess outstanding resistance to weathering and environmental degradation, but they also offer long-lasting protection, even in harsh outdoor conditions. Additionally, polyester coatings provide an extensive range of vibrant colors and gloss levels, allowing for endless possibilities in meeting aesthetic requirements across different industries.

Within the construction industry, coil and extrusion coatings are heavily utilized, and polyester coatings have established themselves as a preferred option. Their robustness, coupled with their cost-effectiveness, makes them highly sought-after for construction applications. As the construction sector continues to expand, particularly in emerging markets, the demand for polyester coatings is anticipated to experience a corresponding surge, driven by their exceptional performance and reliability.

Based on region, Asia Pacific segment is expected to grow during the forecast period. The Asia Pacific region, encompassing countries like China, India, and Southeast Asian nations, stands as a powerhouse of the world's fastest-growing economies. With robust economic growth propelling industrial development, there has been an exponential surge in the demand for coil and extrusion coatings. These coatings find extensive use in industries such as automotive, appliances, and packaging, which are witnessing significant growth in this region.

Notably, the construction sector emerges as a major consumer of coil and extrusion coatings in the Asia-Pacific region. Reports indicate that this region boasts the largest construction market globally, driven by rapid urbanization and infrastructural development. Countries like China, India, and various Southeast Asian nations are witnessing a remarkable boom in construction activities, thereby spurring the demand for coil and extrusion coatings. The need for these coatings is driven by the requirements of durability, protection, and aesthetic appeal in the construction industry.

 

Major companies operating in Global Coil & Extrusion Coating Market are:

  • Akzo Nobel NV
  • PPG Industries Ltd
  • BASF SE
  • Wacker Chemie AG
  • Kansai Paints Company Limited
  • RPM Performance Coatings Group
  • Nippon Paint Holdings Co. Ltd
  • Merck KGaA
  • Allnex Netherlands B.V.
  • Exxon Mobil Corporation

Download Free Sample Report

Customers can also request for 10% free customization on this report

 

“Growing application of Coil & Extrusion Coating in various end user industries are key drivers of the Coil & Extrusion Coating market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of Coil & Extrusion Coating with every passing year are anticipated to register an impressive growth to Global Coil & Extrusion Coating Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Coil & Extrusion Coating  Market By Type (Topcoats, Primers, Backing Coats, Specialties), By Resin (Polyester, Silicone Modifier Polyester, Fluorocarbon (PVDF), Polyurethane, Plastisol, Epoxy, Others), By End User (Architecture, Automobile, Consumer Durables, Furniture, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Coil & Extrusion Coating Market  and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Coil & Extrusion Coating Market.

 

 

Contact

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

Tel: +1-332-258-6602

Email: [email protected]

Website: www.techsciresearch.com

Relevant News