What’s driving the Functional Coil Coating Market growth? With Top Profiled Akzo Nobel N.V., Axalta Coatings Systems, BASF SE, Eastman Chemical Company, Kansai Paint Co., Ltd., KelCoatings Ltd., Nippon Paints Holdings Co. Ltd

The global Functional Coil Coating Market was valued at $651.0 million in 2017, and is projected to reach $948.8 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025.

Functional coil coating is a chemical pre-treatment of the metal surface on either one side or both the sides. Base material to produce functional coil coating includes polyester, silicone modified polyester, polyurethane, polyvinylidene difluoride (PVDF), and plastisol. Polyester is the preferred material in the functional coil coatings due to their properties.

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Increase in demand for corrosion-resistant products drives the need for functional coil coatings. Owing to the advantages of functional coil coatings such as higher paint adherence, superior chemical & water resistance, and enhanced aesthetics, the demand for pre-coated metal in the automotive, home appliances, and furniture industries is expected to increase considerably. Functional coatings applied on the surface of steel and aluminum help to increase their durability and provide additional protection against corrosion. However, high cost of the process equipment and consumer propensity toward using the product which does not comprise steel and aluminum restrict the market growth. Conversely, recycling of coating waste and increase in use of organic coating materials are anticipated to provide remunerative opportunity for market expansion.

The global Functional Coil Coating Market is segmented based on material, technology, end use, and region. On the basis of material, the market is classified into acrylic, epoxy resins, plastisol, polyvinylidene fluoride, polyester, polyurethane, and PVC/vinyl. Depending on technology, it is segregated across liquid coating and power coating. According to end use, it is classified into construction, appliances, automobile industry, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The major key players operating in the functional coil coatings industry include Akzo Nobel N.V., Axalta Coatings Systems, BASF SE, Eastman Chemical Company, Kansai Paint Co., Ltd., KelCoatings Ltd., Nippon Paints Holdings Co. Ltd., PPG Industries Inc., The Sherwin Williams Company, and The Chemours Company. Other players operating in this market include Unichem, Lord Corporation, Chemetall Group, and ARCEO Engineering.

KEY BENEFITS FOR STAKEHOLDERS

• Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• The study outlines the current trends and future scenario of the Functional Coil Coating Market size from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
• Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
• The key drivers, restraints, and Functional Coil Coating Market opportunities and their detailed impact analyses are elucidated in the study.
• The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS

• By Material
Acrylic
Epoxy Resins
Plastisol
Polyvinylidene Fluoride
Polyester
Polyurethane
PVC/Vinyl
• By Technology
Powder Coating
Liquid Coating 
• By End Use
Construction
Appliances
Automobile Industry
Others
Functional Coil Coating Market Key Segments:

By Country:

North America: U.S., Canada, Mexico

Europe: UK, Germany, France, Spain, Italy, Rest of Europe

Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific

LAMEA: Chile, Israel, South Africa, Rest of LAMEA

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Table of content:

Chapter: 1: INTRODUCTION

1.1. Report description

1.2. Key benefits for stakeholders

1.3. Key market segments

1.4. Research methodology

1.4.1. Primary research

1.4.2. Secondary research

1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO perspective

Chapter: 3: MARKET OVERVIEW

3.1. Market definition and scope

3.2. Key findings

3.2.1. Top investment pockets

3.2.2. Top winning strategies

3.3. Porter's five forces analysis

3.3.1. Bargaining power of suppliers

3.3.2. Bargaining power of buyers

3.3.3. Thereat of new entrants

3.3.4. Threat of substitutes

3.3.5. Intensity of competitive rivalry

3.4. Market dynamics

3.4.1. Drivers

3.4.1.1. Rapid growth of construction & automotive industries

3.4.1.2. Fluctuations in demand for furniture and home appliances

3.4.2. Restraints

3.4.2.1. High cost of the processes

3.4.2.2. Rise in consumer preference for low-price products

3.4.3. Opportunities

3.4.3.1. Recycling coating tools and use of organic materials

3.4.3.2. Use of organic coatings

3.5. Top player positioning

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