The North American coil coatings market is expected to grow beyond the current estimated $1.5 billion to approximately $2 billion by the year 2023. The growth in this market is attributed mostly to the robust growth happening in the construction market, along with a growing demand of coil coated products in the automotive segment and an increase of home appliance purchases by consumers. Coil coatings manufacturers can capitalize on the growth of the market by offering coil coated adhesives and coatings that deliver high-quality, durability and excellent aesthetic qualities.
Overview of Coil Coatings Market
The coil coatings market in North America is expected to see an increase in Compound Annual Growth Rate, CAGR, of more than 5% to 2023. Coil coatings contribute to many manufacturing applications such as railway coaches, trailer bodies, automotive and caravan interiors, sheet metal and panels for various components and containers.
The rising activities in construction across North America is adding to the growth in the market. The automobile industry is increasing demand for lightweight materials which industrial adhesives can provide over metal or mechanical fasteners. The architectural market is also projected to provide added opportunity with polymer coatings on building and construction materials.
Scope of the Coil Coatings Market Report
The scope of the report includes coil coating with various types of resins such as polyester, polyurethane, polyvinylidene fluorides, plastisols and other resin types. End-user industries in the market include:
- Building and construction
- Domestic and industrial appliances
- Other end-user industries
The geographic locations covered in the report include the United States, Canada, Mexico, and the rest of North America.
U.S. Dominates Coil Coating Market
The United States dominates the coil coating market with the construction industry continuing to expand in the midst of a strong economy and positive market activity for commercial real estate as well as increases in state and federal funding for institutional and public works buildings. The growth for the residential segment is slower than non-residential although that is also expected to increase with a growing population. Facilities planning expansions across the U.S. include projects like the University of Illinois at Chicago (UIC) that announced plans for an 88,000 square foot building to be used by the School of Theatre and Music with a price tag of $95 million.
All commercial projects like this will benefit from coil coated adhesives and streamlined laminating to metal applications.
Coil Coating Adhesives Supplier
Suppliers of coil coated adhesives like Universal Chemicals & Coatings, Inc., UNICHEM, play a vital role in supporting the increases with market demand. UNICHEM has been a leading supplier of industrial coil coated adhesives for more than 50 years with a proven track record for improving lamination bonding applications. Industrial adhesives by UNICHEM include uniBOND industrial adhesives which have provided high-quality, cost savings and customizable adhesive solutions.
The uniBOND industrial adhesive product line includes a fiber composite adhesive, vinyl adhesive, polyethylene and polypropylene adhesives, PVC, rubber and TPO adhesives.
UNICHEM is a market leader in providing customizable industrial adhesives for use in coil coating applications. We offer single stage and B-stage adhesives to suit many application demands. Contact us to learn more about improving your coil coating lamination bonding application with uniBOND industrial adhesives.