Market Size of North America Coil Coatings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Coil Coatings Market Analysis
The North America coil coatings market is expected to register a CAGR of over 5%, during the forecast period. Coil coatings find their application in the manufacturing of typical components, such as sheet and panels for containers, caravan and interior, insulated boxes, trailer bodies, road, and railway coaches, among others.
- Rising construction activities across North America is augmenting the growth of the market.
- Increasing demand for lightweight materials in the automobile industry is likely to hinder the market growth.
- Increasing demand for fluoropolymer coatings for architectural applications is projected to act as an opportunity for the market in the future.
North America Coil Coatings Industry Segmentation
The North America coil coatings market report includes:
| Resin Type | |
| Polyester | |
| Polyvinylidene Fluorides (PVDF) | |
| Polyurethane(PU) | |
| Plastisols | |
| Other Resin Types |
| End-user Industry | |
| Building and Construction | |
| Industrial and Domestic Appliances | |
| Automotive | |
| Furniture | |
| HVAC | |
| Other End-user Industries |
| Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Coil Coatings Market Size Summary
The North America coil coatings market is poised for significant growth, driven by the increasing demand for coated materials in various end-user industries such as construction and automotive. The market is experiencing a surge due to rising construction activities across the region, which is bolstered by urbanization, rapid industrial development, and increased consumer spending. Coil coatings, which are multi-layer coatings applied to metal sheets like aluminum and steel, offer protection against harsh environmental conditions and provide corrosion resistance. These coatings are extensively used in the construction of commercial and residential buildings, as well as in the manufacturing of components for vehicles and transportation infrastructure. The demand for fluoropolymer coatings in architectural applications presents a promising opportunity for market expansion in the coming years.
The construction industry in the United States and Canada is a significant contributor to the growth of the coil coatings market. The US construction sector, one of the largest globally, is expanding due to a robust economy and favorable market conditions for commercial real estate, supported by increased federal and state funding. Meanwhile, Canada's construction industry is experiencing a boom driven by a housing surge due to population growth. This infrastructure development is expected to further drive the demand for coil coatings, as they are essential for maintaining the durability and aesthetic appeal of construction materials. The market is characterized by fragmentation, with key players such as AkzoNobel N.V., Beckers Group, The Sherwin-Williams Company, and PPG Industries, Inc. holding significant positions.
North America Coil Coatings Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rising Construction Activities Across the Region
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1.1.2 Stringent Environmental Regulations for Conventional Products
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1.2 Restraints
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1.2.1 Increasing Demand for Light Weight Materials in the Automobile Industry
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1.2.2 Other Restraints
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Resin Type
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2.1.1 Polyester
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2.1.2 Polyvinylidene Fluorides (PVDF)
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2.1.3 Polyurethane(PU)
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2.1.4 Plastisols
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2.1.5 Other Resin Types
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2.2 End-user Industry
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2.2.1 Building and Construction
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2.2.2 Industrial and Domestic Appliances
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2.2.3 Automotive
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2.2.4 Furniture
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2.2.5 HVAC
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2.2.6 Other End-user Industries
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2.3 Geography
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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2.3.4 Rest of North America
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North America Coil Coatings Market Size FAQs
What is the current North America Coil Coatings Market size?
The North America Coil Coatings Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in North America Coil Coatings Market?
AkzoNobel N.V., Beckers Group, The Sherwin-Williams Company and PPG Industries, Inc. are the major companies operating in the North America Coil Coatings Market.
