May 21, 2020
According to the research report titled ‘Metal Coil Lamination Market Size By Type, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global metal coil lamination market is anticipated to generate substantial returns by the year 2026.
For the record, laminated metal is a composite sheet made up of metal substrates and colored film. These sheets combine the durability of base metal materials and aesthetic appeal.
Rising adoption of metal films in automotive and packaging industries is a major factor driving the growth of the metal coil lamination market. The coated metal is available with various visual aesthetics while providing a versatile and practical solution. It is flame retardant, has better weatherability and is easy to maintain. Metal coil lamination can be found in stainless steel chassis of appliances, refrigerator door panels, and stainless steel range hood. It is also used in furniture including laminates, display stands, cake cabinets and wine coolers.
The market growth is also attributed to widespread adoption of metal coil lamination in elevators, ship compartments and ship door & wall panels. Moreover, it is employed in 3C products such as computer case, notebook computer case, and mouse pads.
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In food & beverage application, metal coil lamination is utilized in microwaves, freezers, and for packaging of RTE (ready-to-eat) food products, coffee and ice creams among others.
Adoption of metal coil lamination in interior décor applications is also stimulating the industry outlook. Since metal does not burn, the products are largely preferred as fire doors and ceilings as compared to wood materials or plastic.
Based on the application spectrum, automotive segment is predicted to expand with a CAGR of 5% during 2020-2026. Focus towards adopting lightweight components and trims in automobiles is fueling the segmental growth. Metal coil lamination is used in numerous automotive interior components such as reinforced protective films, overhead systems, protective window films, headliners, door panels and seat inserts.
As per the regional scope, metal coil lamination industry in Latin America is expected to grow with a CAGR of 4% through 2026. Increasing construction activities is favoring the business scenario in the region.
Meanwhile, Middle East & Africa metal coil lamination market held 5% volume share in the recent past, primarily due to high adoption of vehicles equipped with aesthetically pleasing interiors.
Major companies operating in global metal coil lamination industry are Celplast Metallized Products, ArcelorMittal, Mitsubishi Chemical Holdings Corp., Jindal Poly Films Ltd., Sika AG, Toyo Kohan Co. Ltd., Globus S.r.l., METAL TRADE COMAX AS, Berlin Metals, Material Sciences Corp., Metalcolour, Polytech America LLC, Orion Profiles Ltd., American Nickeloid Co. and Lienchy Laminated Metal Co. Ltd. among others.