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2020-02-14
700
Global
Coil coating impart beautiful topcoats, durable surfaces, innovative applications, green benefits, and cost savings as compared to other substrates and other coating options to meet the commercial goals and provide highest quality standard products. Nearly 20 million tonnes of steel and 2 million tonnes or so of aluminium and other substrates are coated annually around the world using the coil coating process.
On the basis of end user industry, building and construction segment is projected to remain the dominating market. Building & construction industry acquired 45% of the total market share followed by automotive, appliances and others in 2017
Based on geography, APAC held the largest coil coatings market share i.e. 40% in 2017 due to high economic growth rate followed by heavy investment across end-user industries such as building and construction, appliance, automotive, and others. Japan, China and India along with Thailand, Malaysia, Indonesia and Philippines, has presented sound opportunities for coil coatings due to governmental regulations and proposals for improvement of infrastructure, rising automotive demand in Japan and the rising housing market. Bulgaria, Czech Republic, Russia, Belarus, Mexico and Romania are witnessing high construction growth. Construction recovery, growing automotive and pharmaceutical industries in the U.S. is anticipated to further fuel the North American coal coatings market growth. While Europe coil coating market tends to grow at the fastest CAGR of 6.23% over the forecast period attributed to important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.
According to our global market study on the basis of extensive primary and secondary research: “One trend is the adoption of coating and drying technologies in the coil coating process to make it economical, effective and forward looking. New drying technologies involve curing solvent-free paints with the aid of UV radiation and electron beam. These new technologies reduce the energy consumption as well.”
According to the report, major driving factor for Coil Coatings Industry is the cost-effective solutions as coatings based on polyester resins can be resilient, permitting them to withstand deformation processes, but can also be designed to be very hard and tough. They feature a balance of surface properties such as flexibility and scratch-resistance – while also being very economical.
Further, the report states the major challenge is Increasing metal substitution with engineering plastics such as polycarbonate not only in automotive industry but also in the areas of household appliances, construction and infrastructure. For instance, Asian economy has been thriving primarily due to advancements in the traditional sectors of automobiles, building and construction, business machines, electrical & electronics, household appliances, telecommunications and transportation. Engineering Plastics are increasingly used in auto parts, consumer goods and electrical & electronics applications.
The report covers the present ground scenario and the future growth prospects of the Coil Coating Market for 2017-2030 along with data related to the usage of Coil Coatings in different verticals. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe.
Coil Coatings Market Outlook 2017-2030, has been prepared based on in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Coil Coatings Market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Coil Coatings Market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.
Our global Coil Coatings Market report comprises of the following companies as the key players.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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