Coil Coatings Market Augmented by Accelerating Construction Activities
Coil coating plays a vital role in the industrial sector. However, new explorations of coil coatings in the automotive, construction, and manufacturing applications has propelled the opportunities, according to the findings of a new business intelligence study from IndustryARC. The report evaluates the global coil coatings market size at $5 billion as of 2018, and projects the market value to multiply at a CAGR of 5% during the forecast period 2019-2025. According to the International Organization of Motor Vehicle Manufacturers, 4,208,747 [HS1] commercial vehicles were produced in China as of 2017 which are impacting the growth of automotive coatings applications.
The report is titled: “
Coil Coatings Market: By Type (Polyester, Fluororpolymers, Plastisol, Others); By Application (Aluminum and Steel); By Metal; By Application; By Geography – Forecast (2019-2025).” It delivers a quantitative and qualitative analysis of product benchmarking, product developments, competitive landscape, financial analysis and significant opportunities of the market.
Global Coil Coatings Market: Demand Analysis
Coil coatings is the evolving technology which is highly preferred to paint the metal as it is eco-friendly and minimizes environmental problems. Coil coatings encompass an automated process for coating metal. Polyester resin is widely used among other raw materials in the production of coil coatings. HVAC coil coatings protect the HVAC equipment from being corrosive. Powder coating industry trends are preferred for smaller applications whereas coil coatings are chosen for larger applications.
Global Coil Coatings Market: Leading Segments
Building and construction application is defined as the fastest growing application which projects with a CAGR of 5% over the aforementioned forecast period. Growing residential constructions in the APAC region. Pre-painted metal sustains with the building owners design vision and weather resistance of coil coatings made them be chosen one in both commercial and residential applications.
Dominating regional share of around 48% was held by the APAC region in the global coil coatings market. Technological advancements and infrastructure growth in India is attributing the growth of coil coatings in this region. Increasing demand for downstream industries in India and China, these are the production hubs of refrigerators which meet the huge domestic demand with low production costs. Thus India, China, and Japan are determined as the frontrunners of the APAC coil coatings market.
Global Coil Coatings Market: Disruptive Trends
o Booming coil coated metal applications in white goods and automotive and roofing materials are driving the growth of the global coil coating market.
o Broad usage of pre-painted materials in the interior building design such as ceiling tiles, wall panels, backsplashes and ceiling grids.
o Coil coated metal is upgrading as an alternative for roofing involved in traditional construction.
o Durability and longer lifespan of the coil coatings components are gaining traction among other building materials.
o The growth of steel and aluminium protected skycrapers in the Middle East Countries along with a rise in commercial constructions such as hospital and educational constructions are creating significant opportunities for the coil coatings in this region.
Global Coil Coatings Market: Competitive Landscape
Some of the foremost players who are holding a major market share in the global coil coating market are PPG, Axalta Coating Systems, Valspar, Nippon Paints, Kansai Nerolac Paints Ltd, Henkel AG & Co.,Wacker Chemie AG, DowDuPont, Wacker Chemie, and The Beckers Group.
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What can you expect from the report?
The coil coatings market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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