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Coil Coatings Market Improvement Forecasts Report 2016-2024 By Major Key Players | BASF, AkzoNobel N.V., Valspar, PPG Industries, Beckers Group, Dura Coat Products, Inc., Henkel, The Dow Chemical Company, Bulk Chemicals Incorporated, Axalta
U.S Coil Coatings Market size, by end-user, 2013-2024 (USD Million)
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Rapid industrialization and urbanization, increasing per capita income, purchase power parity and stable political scenario are some key factors driving the APAC coil coatings market size. As of 2015, average GDP growth in Asian countries ranges from 6% to 7%. India, China and Indonesia are amongst the fastest emerging countries. This positively influences the end user sectors including construction, automotive and appliances, consequently boosting the business growth by 2024.
• Coil Coatings Market By Product
• Polyester
• Silicone Modified Polyester
• Polyvinylidine Fluorides (PVDF)
• Polyurethane (PU)
• Plastisols
• Others
In 2015, overall non-residential construction spending was around USD 3.5 trillion and is likely to exceed USD 5.5 trillion by 2024. These products are substantially used huge commercial buildings, factories and industrial sites owing to its capability to offer corrosion and weather resistance. It also provides value added aesthetic appearance to metal on walls, roofs and shades.
• Coil Coatings Market By End User
• Construction
• Automotive
• Appliances
• Others
Rapid industrialization and urbanization, increasing per capita income, purchase power parity and stable political scenario are some key factors driving the APAC coil coatings market size. As of 2015, average GDP growth in Asian countries ranges from 6% to 7%. India, China and Indonesia are amongst the fastest emerging countries. This positively influences the end user sectors including construction, automotive and appliances, consequently boosting the business growth by 2024.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF
2. AkzoNobel
3. Valspar
4. PPG Industries
5. Beckers Group
6. Henkel
7. The Dow Chemical Company
8. Aqaba Bulk Chemicals Company
9. Nippon Paint (Pakistan) (Pvt) Ltd
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Polyester coil coatings market size is forecast to witness gains more than 6% CAGR by 2024. It is the most commonly use coatings in the industry, mainly due to its superior weather and corrosion resistance characteristics. In addition, these coatings are comparatively economical, resulting in high product demand and consequently boosting coil coating market growth.
In 2015, Polyvinylidine Fluorides (PVDF) coil coatings market share generated revenue more than USD 800 million. It is an expensive product, widely used in outdoor construction as it appropriate for severe climatic conditions. Furthermore, it also offers value added esthetic appearance accompanied with higher weather and corrosion resistance characteristics.
Construction coil coatings market size will witness approximately 5% volume growth. The product finds extensive applications in metal roofs and walls to offer weather & corrosion resistance traits. It also provides value added esthetic appearance.
Browse key industry insights spread across 140 pages with 150 market data tables & 13 figures & charts from the report, “Coil Coatings Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/coil-coatings-market
In 2015, North America, led by the U.S. coil coatings market share was valued at over USD 900 million. The inclining non-residential construction sector after economic downturn has substantially driven the regional product demand. Furthermore, the U.S. is prominent user of appliances including microwave ovens, freezers, dishwasher’s, range hoods, refrigerators and dryers.
In 2015, Asia Pacific, mainly led by China, India and Japan, accounted for over 40% of the global coil coatings market volume. Rapid industrialization along with escalating construction industry in the region are the major factors for regional growth.
In 2015, the global coil coatings market share was consolidated as major industry participants accounted for more than 50% of the global share. Key industry contributors were Akzo Nobel N.V, The Dow Chemical Company, BASF SE and The Valspar Corporation.
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