Europe Coil Coatings Market Size, Share, Opportunities, And Trends By Resin Type (Polyester Resins, Plastisol Resins, Siliconized Polyester Resins, Fluoropolymer Resins), By End User (Automotive Industry, Appliance Industry, Building And Construction Industry), And By Geography - Forecasts From 2024 To 2029

Europe Coil Coatings market is estimated to grow to US$3.765 billion in 2029 from US$2.364 billion in 2022, growing at a CAGR of 6.87% over the forecast period.

In the process of coil coating, the initial step involves unwinding the metal coil, followed by cleaning and pre-treatment. Subsequently, the coil is applied onto a flat continuous sheet, subjected to heat curing, cooled, and eventually rewound for shipment. The application of (liquid) paints or coating powders, either singly or in multiple layers, is a key aspect, and these coatings are then cured or laminated with plastic films.

The advancement of coil coating technology has outpaced more traditional application methods, attributed to various advantages such as cost savings, versatility, environmental considerations, and improved performance and quality standards.

Within the Europe Coil Coatings Market, segmentation by end-user industry includes the Automotive industry, Appliance industry, and Building and Construction industry. This highlights the diverse applications of coil coatings across these sectors, reflecting the technology's adaptability and significance in various manufacturing processes.

Market Drivers:

• Demand due to building & construction-

The primary driving force continues to be the escalating demand for resilient, weather-resistant, and visually appealing materials in construction. Coil coatings, known for their myriad advantages such as corrosion resistance, energy efficiency, and low maintenance requirements, have become favored options for applications like roofs, facades, and cladding.

The construction industry holds significant importance in the European Union (EU) economy, providing approximately 18 million direct jobs and contributing to around 9% of the EU's GDP, according to the European Union. Notably, efficiency enhancements in existing buildings and renovations emerge as key factors with the highest potential to stimulate demand within the sector.

Moreover, the increasing need for durable, energy-efficient, and aesthetically pleasing appliances creates a robust market for coil coatings, given their functional and decorative properties. This trend further solidifies the position of coil coatings as essential components in meeting the evolving demands of the construction and appliance industries.

• Growing demand from automotive sector-

The increasing production of cars, especially in the electric vehicle segment, underscores the need for components that are both lightweight and resistant to corrosion. Coil coatings play a pivotal role in fulfilling these requirements while also contributing to enhanced aesthetics. Within the automotive sector, which offers employment to 13.8 million Europeans directly and indirectly, constituting 6.1% of total EU employment, about 2.6 million individuals are engaged in the direct manufacturing of motor vehicles. This represents 8.5% of EU employment in the manufacturing sector.

As one of the world's leading producers of motor vehicles, the EU's automotive industry stands out as the largest private investor in research and development (R&D). This significant position not only emphasizes the industry's importance but also opens up growth opportunities for the coil coatings sector, given its integral role in meeting the evolving needs of the automotive manufacturing processes.

Market Restraint:

• Price Sensitivity-

The market is dependent on a range of raw materials, including resins, pigments, and solvents, the prices of which undergo frequent fluctuations. This volatility has the potential to influence production costs and profit margins. The market is characterized by intense competition, featuring a multitude of players striving to secure their market share. The competitive landscape exerts pressure on prices and margins, reflecting the challenges within the industry.

The Europe Coil Coatings Market is categorized by end-user industries, including the Automotive industry, Appliance industry, and Building and Construction industry.

The Europe Coil Coatings Market is categorized by end-user industries, including the Automotive industry, Appliance industry, and Building and Construction industry.

In the Building and Construction sector, coil coatings play a pivotal role, holding a prominent position driven by sustained demand for construction materials such as roofing, wall cladding, and various building components.

Within the Automotive industry, the demand for coil coatings is on the rise, especially in the context of increasing car production, particularly in the electric vehicle segment. The focus here is on lightweight and corrosion-resistant materials, essential for the manufacturing of modern automobiles.

In the Appliance industry, coil coatings find application in household appliances such as refrigerators, washing machines, and microwaves. These coatings contribute to both the aesthetic appeal and functional durability of these appliances.

Market Developments:

• March 2023-  Beckers announced the establishment of a new Sustainable Innovation Centre in the UK to advance the development of more sustainable coil coating technologies, including ultraviolet/electron beam (UV/EB) curing. The two-story, 300 m2 innovation center doubled the capacity of the Long Term Development (LTD) R&D team, which worked on enhancing future coil coating capabilities.
• December 2022- Kansai Helios Coatings GmbH a European consolidated subsidiary of Kansai Paint Co., Ltd, reached an agreement with Becker Industrie SAS, a subsidiary of Beckers Group, to acquire its global Railway Coatings business assets. As part of this transaction, KANSAI HELIOS established a new subsidiary in France, KANSAI HELIOS France SAS, which collaborated with the KANSAI HELIOS Group to carry out the railway coating business acquired from Beckers.

Europe Coil Coatings Market Scope:

 

Report Metric	Details
Market Size Value in 2022	US$2.364 billion
Market Size Value in 2029	US$3.765 billion
Growth Rate	CAGR of 6.87%
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2023
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Resin Type End User Industry Geography
Companies Covered	Akzo Nobel N.V. BASF Arkema Beckers Group Madar Coil Coating
Regions Covered	United Kingdom, Germany, France, Spain, Others
Customization Scope	Free report customization with purchase

 

Market Segmentation:

• By Resin Type
  • Polyester resins
  • Plastisol resins
  • Siliconized polyester resins
  • Fluoropolymer resins
• By End User Industry
  • Automotive industry
  • Appliance industry
  • Building and construction industry
• By Geography
  • United Kingdom
  • Germany
  • France
  • Spain
  • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key benefits to the stakeholder

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. EUROPE COIL COATINGS MARKET BY RESIN TYPE

5.1. Introduction

5.2. Polyester resins

5.2.1. Market opportunities and trends

5.2.2. Growth prospects

5.3. Plastisol resins

5.3.1. Market opportunities and trends

5.3.2. Growth prospects

5.4. Siliconized polyester resins

5.4.1. Market opportunities and trends

5.4.2. Growth prospects

5.5. Fluoropolymer resins

5.5.1. Market opportunities and trends

5.5.2. Growth prospects

6. EUROPE COIL COATINGS MARKET BY END-USER INDUSTRY

6.1. Introduction

6.2. Automotive industry

6.2.1. Market opportunities and trends

6.2.2. Growth prospects

6.3. Appliance industry

6.3.1. Market opportunities and trends

6.3.2. Growth prospects

6.4. Building and construction industry

6.4.1. Market opportunities and trends

6.4.2. Growth prospects

7. EUROPE COIL COATINGS MARKET BY GEOGRAPHY

7.1. Introduction

7.2. United Kingdom

7.2.1. Market opportunities and trends

7.2.2. Growth prospects

7.3. Germany

7.3.1. Market opportunities and trends

7.3.2. Growth prospects

7.4. France

7.4.1. Market opportunities and trends

7.4.2. Growth prospects

7.5. Spain

7.5.1. Market opportunities and trends

7.5.2. Growth prospects

7.6. Others

7.6.1. Market opportunities and trends

7.6.2. Growth prospects

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisition, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Akzo Nobel N.V.

9.2. BASF

9.3. Arkema

9.4. Beckers Group

9.5. Madar Coil Coating

Akzo Nobel N.V.

BASF

Arkema

Beckers Group

Madar Coil Coating