Chemicals and Materials Global Coil Coatings Market (2016-2024)- Research | Page 6

Global Coil Coatings Market Overview
Global Coil Coating Market by Product (Polyester, Fluropolymer,
Siliconized Polyester, Plastisol) by Application (Steel, Aluminium)
and Region - Global Forecast to 2024
Coil coating refers to the process of coating of coils of metal. These
coats are available in various ranges of colors and finishes. Coil coating
system consists of top coat, back coat and primer. This coating system is
substituting the traditional process of manufacturing of metal coils. Coil
coating system is widely adopted by industries owing to the various
factors such as higher productivity and low impact on environment.
Market Size and Forecast
Global coil coating market is expected to grow at a steady compound
annual growth rate of 5.5% over the forecast period. Further, the market
is expected to reach at a valuation of about USD 7.2 Billion by the end
of 2024 from USD 5.1 Billion in 2016. Rising penetration of coil
coatings in various industries such as construction, automotive and other
industries is driving the growth of the global coil coating market across
the globe.
In the terms of region, Asia-Pacific accounted for highest percentage of
market share, with 51.2% in overall coil coating market in 2016. Asia-
Pacific region is witnessing rapid pace in urbanization and increasing
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