Global PVDF Based Coil and Extrusion Coatings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global PVDF Based Coil and Extrusion Coatings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Polyvinylidene Difluoride (PVDF) is the fluoropolymer resin used in exterior metal coatings for durability and resistance to weathering. PVDF Based Coil and Extrusion Coatings is a coating for metallic materials. Coil coatings are applied to coiled sheets of metal before it is formed, while extrusion coatings are spray applied after the metal extrusion has been formed.

Market Overview:

The latest research study on the global PVDF Based Coil and Extrusion Coatings market finds that the global PVDF Based Coil and Extrusion Coatings market reached a value of USD 1149.1 million in 2022. It’s expected that the market will achieve USD 586.11 million by 2028, exhibiting a CAGR of -10.61% during the forecast period.

The production cost of enterprises increases

With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.

The unemployment rate has risen significantly

Affected by the COVID-19 epidemic, the unemployment rate has risen sharply. Before the outbreak, the unemployment rate of the world's major economies was at a historically low level. After the outbreak in early 2020, unemployment rates in many countries have risen sharply. In the fall and winter of 2020, the global epidemic rebounded. After experiencing a slight improvement in the spring and summer of 2021, the autumn and winter epidemics in 2021 rebounded again. The global epidemic may have a cyclical pattern in time in the short term. The global unemployment situation is more severe than before the outbreak. Take the United States as an example: The Federal Reserve estimates that millions of Americans have lost their jobs due to the coronavirus crisis. In April 2020, the unemployment rate in the United States reached a historical peak, with an unemployment rate of 14.7%. As the epidemic improves, the unemployment rate also drops. It is gradually improving, but the overall data is still higher than before the epidemic. According to data from the US Department of Labor, in December 2021, the US unemployment rate was 3.9%, and the number of unemployed was 6.3 million.

Risks of Adjustment of Hazardous Substances Limit Standard in Industrial Protective Coatings

Governments around the world implement limit management of volatile organic compounds (VOCs) in industrial protective coatings. With the tightening of environmental protection, safety and other policies, there is a risk of lowering the limit standards for harmful substances. For example, in May 2019, the General Administration of Quality Supervision, Inspection and Quarantine of China and the National Standardization Administration of China issued a draft for Technical Requirements for Coating Products with Low Volatile Organic Compound Content, which involved electronic and electrical coatings and other industrial protective coatings varieties. Emission standards are specified in detail and clearly.
The adjustment of the standard limits of products and product-related industries by the government and other agencies may affect the production and downstream applications of PVDF Based Coil and Extrusion Coatings products. If the relevant PVDF Based Coil and Extrusion Coatings products cannot meet the relevant indicators, it will affect the production and sales of some products, and will also bring major risks to the manufacturers of the products.

Safety production and environmental protection risks

During the production process of PVDF Based Coil and Extrusion Coatings, waste gas, waste water, waste residue, etc. will be generated. If not handled properly, it may have adverse effects on the surrounding environment. At the same time, with the increasing emphasis on environmental protection, the pressure on safety and environmental protection has gradually increased, and there may be management accident risks such as equipment failure, improper human operation, or safety and environmental protection accident risks caused by force majeure events such as natural disasters. Once a safety and environmental protection accident occurs, it may affect the normal production and operation of PVDF Based Coil and Extrusion Coatings products.

Region Overview:

In 2022, the share of the PVDF Based Coil and Extrusion Coatings market in United States stood at 32.14%.

Company Overview:

Akzo Nobel is one of the major players operating in the PVDF Based Coil and Extrusion Coatings market, holding a share of 25.36% in 2023.

Akzo Nobel

AkzoNobel is a Dutch multinational company which creates paints and performance coatings for both industry and consumers worldwide.

Sherwin-Williams

Sherwin-Williams Company is an American Cleveland, Ohio–based company in the paint and coating manufacturing industry.

Segmentation Overview:

By type, Coil Coatings segment accounted for the largest share of market in 2022.

Coil coating

Coil coating is a continuous, automated process for coating metal before fabrication into end products. Coil-coated, or pre-painted, architectural building products start out as flat sheets and are formed into shapes such as roof panels, wall panels, gutters and pre-manufactured metal buildings. Substrates may include pre-treated hot-dip galvanized steel (HDG), (Galvalume®) and pre-treated aluminum.

Extrusion Coatings

While coil coating is applied to the metal prior to it being shaped into architectural building products, the aluminum extrusion process creates the metal products first — before a finish is applied. The shape of the die determines the shape of the extrusion. Using aluminum billet and a powerful hydraulic press, extruders can produce almost any shape imaginable. Fenestration products are among the most common examples of extruded aluminum, such as framing for windows, curtainwall, storefront and entrance systems.

Application Overview:

By application, the Construction segment occupied the biggest share from 2018 to 2022.

Key Companies in the global PVDF Based Coil and Extrusion Coatings market covered in Chapter 3:

PPG Industries Ltd
Nippon Paint
KCC
Sherwin-Williams
Kansai Paint
Dura Coat Products, Inc.
Akzo Nobel
Beckers Group

In Chapter 4 and Chapter 14.2, on the basis of types, the PVDF Based Coil and Extrusion Coatings market from 2018 to 2029 is primarily split into:

Coil Coatings
Extrusion Coatings

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the PVDF Based Coil and Extrusion Coatings market from 2018 to 2029 covers:

Construction
Automobile
Electronics
Consumer Durables
Furniture
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)