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The global metal coil lamination market size was valued at USD 3.84 billion in 2019 and is estimated to grow at a CAGR of 4.8% during the forecast period. Metal coil lamination is laminating the metal coil with either polymer film or metal by using adhesives substance to improve esthetics and impart corrosion resistance. The laminates provide corrosion resistance and tend to have a high gloss. The significant Type of polymer films comprise polyvinyl fluoride, polyethylene terephthalate (PET) polyvinyl chloride (PVC), polyethylene, and polypropylene. The application of adhesives provides several benefits inclusive of the long-lasting bond, & higher stability in film thickness.
The metal coil lamination market will observe the significant growth of its properties like smooth finishing of the products, the strength of the coil give esthetic look to finished products. Rising funding in commercial and residential buildings, rapid urbanization and industrialization in both developed and developing nations, enhancing living standards of people raising the demand for furniture in commercial as well as residential.
Key Factors Impacting the Growth of Metal Coil Lamination Market:
The metal coil lamination market segmentation is based on type, application, and region. Increasing funding in commercial and residential buildings supported by technological advancement and material are boosting the metal coil lamination market share. Quick urbanization combined with increment in spending income in both developed and developing nations is accelerating the industry growth.
Type Outlook:
According to current market scenario, the metal to polymer film segment predominates the metal coil lamination market in the upcoming years. This is attributes to its demand from appliances, food packaging, and metal structure for better adaptability & comparatively lesser cost. Polymer lamination offers superior shielding UV rays, light, gas, and water vapor. Additionally, the development of lamination films resistant to abrasion, chemical, fire, and stains will make sure its predominance in the coming duration.
Application Outlook:
Based on application, the food & beverage application sector are increasing in demand owing to the rising population in both developed and emerging nations, the growing disposable income of the middle class in developing nations, and the changing lifestyle of consumers are key factors propelling the demand for food & beverage packaging. Metal lamination films offer attributes like preserve freshness, flavor, increase its shelf life, safeguard the food items from damage over transportation, and scratch resistance. Industry players are extending their product portfolio to serve a huge customer base. For example, Jindal Films launched a flexible metalized film for seal and horizontal film application.
Regional Outlook:
Based on the region, the global metal coil lamination market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. In terms of revenue, Asia Pacific leads the global metal coil lamination market. The essential elements propelling the demand in the Asia Pacific are the existence of leading appliance manufactures like Samsung Group, LG Electronics, and Haier Electronics, quick industrialization and construction activities in the region is fueling the demand for metal coil lamination. In addition, major players are establishing the manufacturing hub in emerging countries because of the availability of labor and raw material combined with rising funding in the automotive sector will improve the metal coil lamination market.
The report analyzes factors affecting the metal coil lamination market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the metal coil lamination market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.
Competitive Landscape
Key market players are also adopting inorganic development strategies like as acquisition of local brands. Similarly, other business models such as joint venture and market entry strategies are helping prominent vendors to make their presence felt in the metal coil lamination market and increase their product portfolio. The key leading players in the market include Toyo Kohan Co., Ltd, Sika AG, Mitsubishi Chemical Holdings Corporation, Orion Profiles Ltd., Polytech America LLC, Metacolour, Material Sciences Corporation, Jindal Poly Films Ltd., Berlin Metals, Metal Trade Comax, and Lienchy Laminated Metal Co., Ltd.
This report also includes the profiles of key metal coil lamination market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.
Key Developments in Metal Coil Lamination Market:
What Does This Report Provide?
This report provides a detailed understanding of the global metal coil lamination market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.
Market Segmentation:
By Type
By Application
By Region:
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