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North America Coil Coating Market is growing rapidly over 4.2% of CAGR forecast period to2018-2023 | Key Vendors by METAL COATERS, ALCOA, NOVELIS, US STEEL, DURA COAT PRODUCTS

10-16-2018 06:53 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Prognosis

North America Coil Coating Market Highlights:
The North America Coil Coating market is expected to register a CAGR of 4.2% during 2018 to 2023 (the forecast period). The United States accounted for more than half of the market supported by open investment policy, a large consumer market, available infrastructure, highly skilled workforce, government incentives, making the United States a premier market for any automotive company.

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Market is Driven by Rising 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. The production of commercial vehicles increased from 5.68 million units in 2011 to 8.26 million in 2016. 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:
METAL COATERS, ALCOA, NOVELIS, US STEEL, DURA COAT PRODUCTS INC., 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.

United States to Possess the Highest Share of Market
In North American region, the United States accounts for more than half of the coil coating market, supported by open investment policy, a large consumer market, available infrastructure, highly skilled workforce, government incentives, making the United States a premier market for any automotive company. During the forecast period, residential, commercial, and education construction is likely to be strong in the pacific region, mainly in California, where the pricing for housing is very high.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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