Middle-East & Africa Coil Coating Market Projected to Reach 4.18% CAGR Till 2023 | Key Players - ALCOA, NOVELIS, RALCO STEEL, UNIVERSAL METAL COATING COMPANY, TATA STEEL

Middle-East & Africa Coil Coating Market Highlights:
The Middle East & Africa coil coating market is expected to register a CAGR of 4.18% during 2018 to 2023 (the forecast period). UAE is expected to account to around 30% of the total market share, with a planned program for heavy investment, which is expected to augment the growth of the coil coating market in the country.

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Market is Driven by Increasing Demand for Transport Vehicles
Coil coatings find their application in manufacturing of typical components, such as sheet and panels for containers, caravan and interior, insulated boxes, trailer bodies, road and railway coaches. Trucks have the highest volume in the Middle Eastern automotive manufacturing industry. The increase in the overall production of automotive is expected to drive the growth of the coil coating market in the region.

Key Developments in the Market
April 2017: Danieli Fata Hunter launched a double-coated continuous coil coating, with capacity of 250,000 metric ton coated steel per annum. This is a 600-fpm (183 mpm) line, with the processing of cold rolled, galvanized, pickled hot band, and Galvalume steel coils.

Major Players:
ALCOA, NOVELIS, RALCO STEEL, UNIVERSAL METAL COATING COMPANY, TATA STEEL amongst others.

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Polyester Coil Coating to Continue its Growth during the Forecast Period
By material type, the demand for polyester type coil coating is likely to continue its growth, due to its superior physical and chemical properties, such as high resistance to chemicals and high durability for interior and exterior surface of buildings, and good formability. Polyester coil coatings are formulated for interior or exterior surface, and can be applied as one-coat application, or basecoat, or topcoat, where durability and protection from corrosion are needed.

UAE to Dominate in the Share of the Total Market in the Region
The construction sector in the country is likely to recover, and reach a decent growth rate in the first half of 2018. A large number of infrastructure projects were started in the country, which drive the coil coating market. One such example is, the ongoing current airport expansion project at the Dubai International Airport, which is expected to be completed in 2018.Thus, the construction industry in the UAE holds a huge market potential for the growth of coil coatings in the country.

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This release was published on openPR.