South Korea Coil Coating Market Size, Share, and COVID-19 Impact Analysis, By Resin (Polyester, Siliconized Modified Polyesters (SMP), Plastisols, and Other Resins), By Application (Steel and Coil Coating), and South Korea Coil Coating Market Industry Trend, Forecasts to 2035

South Korea Coil Coating Market Insights Forecasts to 2035

• The South Korea Coil Coating Market Size Was Estimated at USD 186.8 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 3.83% from 2025 to 2035
• The South Korea Coil Coating Market Size is Expected to Reach USD 282.3 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Coil Coating Market Size is anticipated to reach USD 282.3 Million by 2035, growing at a CAGR of 3.83% from 2025 to 2035. The growing demand for these coatings from the residential and commercial sectors of the thriving construction industry.

Market Overview

The coil coating market involves the continuous process of pre treating and applying protective, decorative, or functional coatings on metal coils, mainly steel and aluminum, before fabrication. The enhanced corrosion resistance, UV protection, durability, aesthetic versatility (colors, textures), and sustainability through low VOC, recyclable coatings. The market presents opportunities in green building projects, EV and solar infrastructure, and high performance industrial & appliance applications driven by nano and smart coating innovations and Asia Pacific infrastructure growth. Combined, these factors position coil coatings as a key enabler of durable, sustainable, and technologically advanced metal products across sectors. The market presents opportunities in green building projects, EV and solar infrastructure, and high performance industrial & appliance applications driven by nano and smart coating innovations and Asia Pacific infrastructure growth.

Report Coverage

This research report categorizes the market for South Korea coil coating market based on various segments and regions forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea coil coating market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea coil coating market.

Driving Factors

The rising demand for durable, pre-painted metals in construction, automotive, and appliances due to their superior corrosion resistance and aesthetic appeal. Growth in infrastructure and housing, especially in emerging economies, fuels demand for coated steel and aluminum. Additionally, increasing environmental regulations are pushing industries toward eco-friendly, low-VOC coil coating technologies. Advancements in coating materials such as fluoropolymers and nano-coatings further enhance performance, creating new opportunities across industrial and architectural applications.

Restraining Factors

The high initial setup costs for coil coating lines can deter small and medium enterprises. Fluctuations in raw material prices, particularly steel and aluminum, impact production stability and profit margins. Additionally, strict environmental regulations related to VOC emissions from coatings can increase compliance costs.

Market Segmentation

The South Korea coil coating market share is classified into resin and application.

• The polyester segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea coil coating market is segmented by resin into polyester, siliconized modified polyesters (SMP), plastisols, and other resins. Among these, the polyester segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. Applications involving coil coating, which apply a coating on a metal coil prior to its final shape, make extensive use of polyester resins.  Polyester coatings are frequently utilized in sectors like aerospace, automotive, and construction.  The properties and uses of polyester resins used in coil coating will be covered in this section.

• The steel segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea coil coating market is segmented by application into steel and coil coating. Among these, the steel segment dominated a share in 2024 and is expected to grow at a significant CAGR during the forecast period. Steel is used in a variety of industries, including consumer goods, construction, and automobiles, it is a major driver of the coil coatings industry. Pre-painted steel is a color-coated building material that is used for residential doors, roofing, cladding, and other structural applications. Pre-painted steel products have qualities including durability, corrosion resistance, and aesthetic appeal that improve product performance.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea coil coating market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• MxT Biotech
• Celltrion
• Genexine
• GC Genome
• Bioneer
• GenKOre
• ToolGen
• Samsung Biologics
• Helixmith
• SillaJen
• Lotte Biologics
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea coil coating market based on the below-mentioned segments:

South Korea Coil Coating Market, By Resin

• Polyester
• Siliconized Modified Polyesters (SMP)
•  Plastisols
• Other Resins

South Korea Coil Coating Market, By Application

• Steel
• Coil Coating