Demand for Metal Coil Lamination to Expand Across Appliances Industry
Metal coil lamination industry trends will be significantly driven by the increasing demand from the appliances, metal construction, automotive, and food & beverage packaging sectors. There is an incessant requirement to enhance the appearance and durability of various products and components in these applications. Metal coil lamination refers to the process of applying colored PVC/PET films and electro-galvanized galvalume or stainless-steel to the metal coils to upgrade their visual aesthetics.
To add further, metal coil lamination machines offer maximum weatherability, fire & chemical resistance, durability, processability, non-toxicity, versatility, and are easy to maintain. These factors have increased their suitability in elevators, furniture, storage equipment, and upholstery.
As per estimates, the global metal coil lamination market size will reach a yearly revenue of more than USD 5 billion by 2026.
Higher deployment of metal to polymer film lamination
Industry share of the metal to polymer film segment was valued at a significant number owing to their growing preference over metal to metal coating. This is because thin polyester films render protection against outdoor exposure. This method of metal coil lamination changes the appearance of ordinary indoor metals to imitate far better-priced materials such as wood, stone, marble, and granite. For instance, Texcover Lamination Film is a superior polyester film that is extensively adopted to decorate coiled metals.
Major uses in appliances
The application of metal lamination coils in the appliances industry is likely to gain considerable traction. This is due to the antimicrobial and fingerprint resistance properties offered by the laminated coils. They also are effective to eliminate over 99% of bacteria that appear in the vicinity of the appliances. They also impart a new look to the appliances by coating their entire surface, interiors, hemmed edges, as well as tubes.
Rising adoption across automotive and metal construction
Demand for metal coil lamination in the automotive sector is expected to hit an exponential growth rate. This can be attributed to the provision of extended corrosion warranties to automotive manufacturers based on metal lamination. Furthermore, in the construction of automobiles, the metal laminated coils offer maximum protection to inaccessible cavities against corrosion.
The metal coil lamination market size across the metal construction applications will be valued at a substantial revenue share owing to their energy-efficient features. There is a growing focus to enhance the external look of wall panels, roofing tiles, and shakes. The laminated metal coils transform the look of metal panels and roofing materials to imitate copper patina, clay, weathered wood, and rusted metal.
Solution providers in metal coil lamination are keen on inorganic strategies like partnerships, mergers, and acquisitions to amplify their global penetration. These companies are also incorporating marketing initiatives like capacity expansions to gain a competitive edge over other industry players. For instance, Mitsubishi Chemical Corporation, in November 2020, signed a framework deal with Konfoong Materials (KFMI) and TCPR (Shanghai) Electro-Mechanical (TCPR) to transfer its business for light metal products.
Lienchy Laminated Metal Co., Ltd, Sika AG, Jindal Poly Films Ltd., Orion Profiles Ltd., Material Sciences Corporation, Berlin Metals, Toyo Kohan Co., Ltd, ArcelorMittal, and Celplast Metallized Products some of the other key participants in the sector.
The present COVID-19 pandemic considerably drew a negative outlook on the metal coil lamination industry share in the first phase of the industrial lockdown. However, the resumption of operations across the automotive and constructions could now add positive impetus to the industry forecast.