(MENAFN- GetNews) Coil Coating market Global Information: by Resin Types (Polyester, Polyvinylidene Fluorides (PVDF), Polyurethane, Silicone Modified Polyester and Plastisol), End User industry (Construction, Automotive, Electrical & Electronics, Consumer Appliances, Others) and Region Forecast till 2022
Market Research Future published a Half Cooked Research Report on 'Global Coil Coating Market Research Report - Forecast to 2022 Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Market Highlights:
Coil Coating is multi-layer coating of pigments, resins and primers used to coat metal sheets such as aluminum and steel. These are used to protect the material from harsh diverse environmental conditions and provide corrosion resistance. Coated rolls, strips and sheets are used in many commercial and industrial applications. The growing demand of Coil Coatings is due to extensive use of coated material in end user industries such as construction, automobile, electrical and electronic and other consumer appliances. Growing non-residential construction activities including commercial building, manufacturing industries and factories has triggered the demand for Coil Coatings to sustain harsh weather conditions.
Rapid industry development, urbanization, increase in per captia income along with rise in consumer spending has been prime factors for rise in demand for Coil Coating across the globe. Additionally, rapid development of commercial and industrial sector in emerging countries like China, India and Japan are projected to drive the Coil Coating Market growth prospect. However, high cost of raw materials of Coil Coatings over conventional coatings and availability of substitute can hinder the market growth over the forecasted period.
According to Resin Type, the Coil Coating Market are segmented as polyester, polyvinylidene fluorides (PVDF), polyurethane, silicone modified polyester and plastisol. Polyester Coil Coating Market is largest market owing to superior properties it provides such as resistance to corrosion and weather resistance in almost all conditions has increased the product demand in various end user industries. Low price of polyester compared to other resin products has coupled the leading position among all resins. The growing demand for polyvinylidene fluoride (PVDF) is majorly due to suitable for harsh conditions as being produced with high technology and high cost. This product also offers visual appeal along with longevity to coated surface. Being expensive resins can slow down the growth of product in developing regions.
Construction Coil Coating Market is leading market owing to rapid industrialization and urbanization in developing as well as developed regions. The increasing government infrastructure expenditure in order to improve public transport and tourism particularly those countries which totally rely on tourism has stimulated the demand of Coil Coating in those particular regions. Wood panels, roofs, metal sheets are some of the products using coating material for construction and provide artistic appeal to commercial and residential buildings.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2395
Growing automotive industry in regions like North America and Europe is extensively contributing to coil coating market over the forecasted period. Metals used in vehicles to provide structural strength along with visual appeal to automotive parts has driven the Coil Coating Market in this segment. Moreover, increasing bumper fuel tanks and body parts has lead increase in product demand across automobile industry.
Competitive Analysis:
BASF SE, Akzo Nobel N.V, The Valspar Corporation and The Dow Chemical Company has dominated the Global Coil Coating Market Share in 2016. These are vertical integrated company dominating price value in competitive market. major market players are offering strong distribution and sales channel to trapped the untapped market. With strong channel companies are able to play with prices of raw material and provide quality services on high demand supply.
Global Coil Coating Market Players:
The Major Key Players of this market are: (Japan) and others. BASF SE (Germany), Akzo Nobel N.V (Netherlands), The Valspar Corporation (U.S), PPG Industries, Inc. (U.S), E. I. du Pont (U.S), The Dow Chemical Company (U.S), Wacker Chemie AG (Germany), Nippon Paint Holdings Co., Ltd (Japan), Axalta Coating Systems LLC. (U.S), Henkel AG & Co. KGaA (Germany) and others.
Regional Analysis:
The APAC Region Coil Coating Market is expected to grow due to rapid industrializations, favorable government regulations and increase in consumer spending. China being largest producer and consumer of Coil Coating dominates the region in coil coating market. China, India, Brazil and Indonesia are expected to drive the market demand owing robust industry growth. Major players are also targeting developing regions in order to maximize the profit and meet the growing demand in those regions.
North America witnessed a significant growth owing to being prominent player of automobile sector and consumer appliances. After economic downturn, the government is focusing more on non-residential projects which significantly increase the product demand in this region.
European debt crisis has affected many industries like construction, automobile and appliances. Due to this key player has reluctant to invest in these regions. This has led slow growth of product in European market.
Browse Key Industry Insights spread across 145 pages with 34 market data tables & 11 figures & charts from the report, " Coil Coating Market Information: By Resin Types (Polyester, Polyvinylidene Fluorides (PVDF), Polyurethane, Silicone Modified Polyester and Plastisol), End User Industry (Construction, Automotive, Electrical & Electronics, Consumer Appliances, Others) and Region - Growth Potential, Price Trends, Competitive Market Share & Forecast 2022 " in detail along with the table of contents: https://www.marketresearchfuture.com/reports/coil-coating-market-2395
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/coil-coating-market-2395
MENAFN1302202000703268ID1099698120
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.