A recent report published by Infinium Global Research on coil coatings market provides in-depth analysis of segments and sub-segments in the global as well as regional coil coatings market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional coil coatings market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global coil coatings market. According to the report, the global coil coatings market is projected to grow at a CAGR of 5.6% over the forecast period of 2018-2024.
Coil coating is the application of liquid paint for efficiently coating coils of metal. Coil coatings are durable, flexible, thermally reflective, antibacterial and self-cleaning. It produces a uniform, high quality, coated finish over metal in a continuous automated fashion. There are various types of coil coatings such as polyurethane coatings, polyester coatings, polyvinylidene fluoride coatings, plastisol coatings, and silicone-modified polyester coatings.
Coil coatings offers various benefits including quality, consistency of colour, corrosion resistance and many other. Owing to its benefits, coil coatings are majorly used in construction, electronics, HVAC and electrical and automotive. The growing inclination towards the coil coating due to increasing demand from end-user industry is escalating the demand of coil coatings market. Rising demand for coil coatings owing to the development in the coil coating process for pre-painted metals is promoting the growth of this market. Nowadays, pre-painted metals are the top choice for manufacturer and builder, owing to its excellent resistance to weathering, superior longevity, infinite aesthetic color and texture options, and positive environmental benefits. Growing competitiveness of leading coil coating manufacturers and expanding demand of aluminum and steel in automotive and transportation industry are supporting factors fuelling the growth of coil coating market. However, expensive coating technologies and high raw material prices are some factors hampering the growth of the market. Going further, the growing commercial construction activities in emerging countries is expected to augment the growth of the coil coating market. Coil coatings are widely demanded by metals used on roofs and walls in construction and buildings, especially to enhance the aesthetics of the structures.
The global coil coating market is segmented into North America, Asia Pacific, Europe, and RoW region. Asia Pacific is accounted to be the largest region and expected to grow with the highest CAGR during the forecast period. The growing construction industry and the expanding infrastructural development in India and China and the growing use of coil coating by the automotive industry in China, India, and Japan are some factors responsible for the growth of coil coating market in the Asia Pacific region. In Europe, the coil coating market is expected to grow at a significant pace due to the significant growth in the construction area.
The report on global coil coatings market covers segments such as resin type, metal, and end-user. On the basis of resin type, the sub-markets include acrylic, epoxy, polyvinylidene fluorides (PVDF), plastisols, polyester, vinyl, polyurethane (PU), and others. On the basis of metal, the sub-markets include aluminium, brass, copper, steel, and others. On the basis of end-user, the sub-markets include HVAC, building & construction, furniture, industrial and domestic appliances, automotive, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in this region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the market such as Akzonobel N.V., E. I. Du Pont De Nemours and Company, Kansai Paint Company Limited, Beckers Group, The Valspar Corporation, BASF SE, Henkel AG & Company, PPG Industries Inc., The Sherwin-Williams Company, and Wacker Chemie AG.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of coil coatings market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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