Metal Coil Lamination Market 2020 Global Analysis, Trends, Forecast up to 2026
Strict regulations limiting the utilization of VOC paints
is likely to create lucrative growth scope for metal
coil lamination market size. Laminating a coil with either metal film with
the help of adhesives not only enhances its aesthetics but also imparts
superior corrosion resistance. The laminates also bestow the coil with superior
scratch and abrasion resistance properties.
Metal coil lamination are bifurcated into metal to polymer
and metal to metal lamination. The polymer lamination is composed of a layer of
base film such as polypropylene, vinyl and polyester that is bonded using an
adhesive to a metal coil. The metal films or laminations are majorly used in
food & beverage, packaging and metal construction. However, the metal
lamination is manufactured by using metals such as tin, nickel, zinc, etc.
These laminates improve the appearance, texture and durability of exposed
surface and are in high demand.
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Growing utilization of metallized packaging in food &
beverage application is generating a surging demand for metal coil laminations.
Also, home renovation and remodeling activities across the globe will further
fuel product penetration over the coming years. Metal coil lamination market is
touted to cross the USD 5 billion mark by 2026.
Metal coil laminations are apt for application in various
end-use industries including appliances, metal construction and automotive. Laminated
coils possess the ability to be formed into any required shape. To meet the design requirements for new
commercial and residential building architects and building contractors are
extensively utilizing these coil laminations. Also, it offer superior resistance
to weathering along with various color and texture options. Burgeoning service
sector across the globe is resulting in commercial office space developments,
which will further escalate the demand for metal coil laminates.
Laminated metal sheets are extensively used in garage doors
as the product offers outstanding UV-protection for a polishable surface.
Evolving trend in patterns and designs in residential/commercial doors may
support product adoption. Polymer films are also used for making garage doors
as they are available in various designs and patterns such as metallic colors
and wood grain textures.
Strengthening construction industry across Europe will
support the adoption of metal coil laminates. Europe metal coil lamination
industry size is forecast to gain major traction owing to supportive regulatory
norms in region pertaining to multifunctional and smart laminations.
Furthermore, the well-established automotive industry is also construing a
heavy demand for laminated coils.
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Favorable government measures to augment automotive sector
growth will positively favor product penetration over the coming years.
Prominent players contributing towards the global metal coil lamination market
share are Mitsubishi Chemical Holdings Corp., Toyo Kohan Company, Sika AG and
Jindal Poly Films Ltd.
Metal coil lamination have significant application in
automotive industry. Various leading automotive interiors industry players such
as Adhetec and 3M are offering laminating films to provide improved component
appearance and surface protection. Increasing installation of these components
to enhance vehicle exteriors as well as interiors induce major potential in the
metal coil lamination marketplace. Moreover, large-scale adoption of
lightweight materials to enhance fuel efficiency will bolster the product
adoption.
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Reviewed by snehal
on
August 26, 2020
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