16-Jul-2018 | Zion Market Research
Zion Market Research has published a new report titled “Coil Coatings Market by Types (Silicone-Modified Polyester, Polyester, Polyurethane (PU), Polyvinylidene Fluoride (PVDF), Epoxides, Plastisol, and Acrylics), by Application (Automotive, Construction, Packaging, Appliances, HVAC, Furniture and Other Applications) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global coil coatings market was valued at USD 5.63 billion in 2017 and is expected to reach USD 8.53 billion by 2024; it is anticipated to grow at a CAGR of 6.0% between 2018 and 2024.
Coil coatings are the coatings of pigments, resins, and primers which are multi-layered over metal rolls. Coil coating is a method which involves the coating of rolled metal strips with an organic coating material by an automated and continuous process. The metal substrates such as aluminum, steel, and others are roll coated to make them corrosion and weather resistant. These coated strips, sheets, and rolls are then molded as per the need and the final products are used in the applications such as automotive fabrication, construction, appliances, and other applications.
Browse the full "Coil Coatings Market by Types (Silicone-Modified Polyester, Polyester, Polyurethane (PU), Polyvinylidene Fluoride (PVDF), Epoxides, Plastisol, and Acrylics), by Application (Automotive, Construction, Packaging, Appliances, HVAC, Furniture and Other Applications) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/coil-coatings-market
Coil coating is available in various types of resins such as silicone-modified polyester, polyester, polyurethane (PU), polyvinylidene fluoride (PVDF), epoxides, plastisol, and acrylics. Coil coating possesses versatile properties such as corrosion resistant, stain resistant, and flexibility. In addition, the coil coating is extensively used in metal roofs, wall panels, wall cladding, and decorative details to provide weather resistant & anti-corrosive characteristics.
The global coil coating market is predicted to grow at the fastest pace during the forecast period, owing to the increasing construction industry. Moreover, the rising demand for weather and corrosion resistant coil coated products across the world is having the most prominent influence on the global market for coil coatings. The construction industry is expected to boost the demand for coil coatings in upcoming years. Furthermore, fluctuating prices of raw material used to produce coil coatings may restrain the growth of coil coatings market in the forecast period. In addition, the automotive industry is replacing metals with engineering plastics, which may impact on the global coil coatings market. However, increasing use of coil coatings in the packaging industry is estimated to serve the opportunities in the forecast.
The global coil coatings market can be segmented based on type, application, and regions. On the basis of type, the global market is segregated into silicone-modified polyester, polyester, polyurethane (PU), polyvinylidene fluoride (PVDF), epoxides, plastisol, and acrylics. Polyester is a widely used resin for coil coatings in a variety of applications such as packaging, automotive industry, and construction. In addition, polyester is widely available and at the lowest price as compared to any other resin. On the basis of applications, the market is classified into automotive, construction, packaging, appliances, HVAC, furniture, and other applications. Construction and automotive industries anticipate witnessing significant gains in the forecast period.
In 2016, Asia Pacific accounted for the largest share of the global market. The Asia Pacific is estimated to be the fastest growing market for coil coatings within the forecast period. With the constant economic development in countries such as India, China, Malaysia, Thailand, Singapore, and Indonesia, the demand for new buildings construction, commercial as well as residential construction is increasing, which is expected to enhance the coil coatings demand in the region. North America is likely to grow substantially in the upcoming years. The rising demand for consumer appliances such as microwave, dishwasher, refrigerators, dryers, etc. is projected to escalate the coil coatings market growth in the coming years. The prosperous growth of the construction industry is the major factor driving the growth of the region. The Middle East and Africa region anticipate holding immense potential for coil coatings market. Owing to the rising disposable income and increasing sale of coil coated appliances amongst the region, the market is projected to register moderate growth rate in future. Moreover, Europe is expected to grow at a sluggish growth rate during the forecast owing to the economic crisis which has critically affected the growth of various end-use industries in the region. Latin America is projected to show decent growth in the forecast owing to the increase in automotive industries.
The coil coatings market consists of a large number of players and is highly fragmented. Companies operating in this market include The Dow Chemical Company, The Beckers Group, The Valspar Corporation, The Sherwin-Williams Company, Akzo Nobel N.V., Kansai Paint Chemical Limited, Henkel AG & Company, DuPont, BASF SE, and Wacker Chemie AG, among others. The enormous potential of the market is encouraging new entrants to foray into the market.
The report segments the global coil coatings market as follows:
Global Coil Coatings Market: Type Analysis
Global Coil Coatings Market: Application Analysis
Global Coil Coatings Market: Regional Analysis
Browse New Press Release: https://www.zionmarketresearch.com/news/coil-coatings-industry
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