Facts & Figures: Part 4 (Paints & Coatings Market) Coil Coatings
Coil Coating is an automated and continuous process by which a metal coil is coated prior to fabrication. It comprises Topcoat, Primers, Back Coat, and others. It is a very efficient way to produce more environmentally friendly coated finish metal products. The modern process of coil coating is as fast as up to 700 feet per minute where the coating can be cured within a minute. The coil is unwound, cleaned, treated, primed, painted, and baked before being recoiled for shipment.
The key driving factors for the coil coatings market are the end-user applications and the growth in the building & construction industry, automotive & transportation, and appliances market post-covid. Since Q1 2021, these markets have shown high growth rates compared to last year's pandemic effects. The raw materials prices have also increased. The building & construction is the largest market for coil coatings which are mostly used in roofing, wall cladding, ceiling, wall panels, flooring panels, etc. Increasing demand for light & cost-effective coated steel & aluminum products in non-residential construction will also support the growth of the market.
The coil coatings value chain comprises majorly
pretreatment, resin, pigment, additives, and equipment providers
paints & coatings suppliers
The key coatings suppliers in the coil coatings market include AkzoNobel, Sherwin Willimas, PPG Industries, Axalta Coatings, Nippon Paint. Kansai Paint, Beckers Group, Brillux GmbH & Co. KG, Henkel, Hempel, etc. among others.
Some of the players in providing resins, pigments, additives for the coil coatings market are Wacker Chemie AG, Evonik Industries, Arkema, Covestro, Solvay SA, Cabot Corporation, Chemetall, etc. among others.
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