The global coil coatings market is expected to continue to grow.

Future Market Insights forecasts that global coil
coatings
sales are expected to reach 1.368 million tons by the end of 2027, with a CAGR of 4.6% in 2017-2027 and a market capitalization of about $6.312 billion. Rising spending on construction, especially non-residential construction, is expected to drive up global volume paint sales. The recent boom in the construction industry continues to boost market demand for coated steel/aluminum coils. In addition, continued growth in global demand for household appliances and building materials is supporting growth in the coil coatings market.The development of environmentally friendly coatings
to achieve emission grade and the start-up of power grid projects are two key factors affecting the development of the global coil coatings market. Within these key areas, volume coating sales in the Asia Pacific region (APEJ), excluding Japan, will continue to grow strongly during the forecast period due to expanding local infrastructure investment.
the current market value of the coil coatings market in the APEJ region is over $1,472 million and is expected to exceed $2.525 billion by 2017. The Middle East and Africa (MEA) also maintained high levels of growth over the same period, with a CAGR expected to outpace that of other regions. The North American and Western European coil markets will be ranked second and third in the same period.
report also shows that over the forecast period, paint sales are expected to be higher than other coil coating types. Global paint sales in 2016 were 369,500 tonnes, and by 2027, it is expected to increase to 588.6 million tonnes, with CAGR expected to reach 4.3%.
according to the type of material, polyester coil coatings because of its good chemical resistance, high durability and easy to process, such as excellent physical and chemical properties, will become more and more popular with the market.
coil coatings are widely used in a wide range of steel coatings. Pre-coated steel plates are becoming increasingly popular in the market, and demand for a wide range of coating products, including coil coatings in the steel manufacturing industry, has increased.
at the end application level, the construction industry is expected to account for the largest share of the global coil coating market during the forecast period.