TMR Analyzes Impact of Outbreak of COVID-19 on Functional Coil Coatings Market

Functional Coil Coatings Market: Overview

Functional coil coatings is a method of applying an organic coating material on rolled metal sheets such as stainless steel, steel, and aluminum before it is flexed, reshaped, or deep-drawn. Functional coil coatings are usually powder- or liquid-based materials applied to pretreated substrate to prevent corrosion. A conventional functional coating process involves cleaning of substrate, drying, application of primer coating and top coating, and foil lamination.

Functional Coil Coatings Market: Drivers & Restraints

Surge in demand for functional coil coatings from electrical & electronic, construction, and automotive industries is driving the functional coil coatings market. Functional coil coatings offer superior corrosion resistance, flexibility, and stain resistance. Moreover, growth in the construction industry in emerging economies in Asia Pacific, Latin America, and the Middle East and renovation of old building structures in various countries in Europe and North America are boosting the functional coil coatings market. Furthermore, rise in automobile production in Japan, South Korea, India, and China drives the functional coil coatings market in Asia Pacific. However, replacement of metals with engineered plastics is likely to hamper the functional coil coatings market during the forecast period. Increase in penetration of functional coil coatings in pharmaceutical packaging, and aerospace applications is expected to create lucrative opportunities in the functional coil coatings market.

Request For Sample:https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=53052

Functional Coil Coatings Market: Key Segments

Based on material type, the global functional coil coatings market can be divided into acrylic, epoxy resins, polyester, polyvinylidene fluoride, Polyvinyl chloride/vinyl, plastisol, and polyurethane. In terms of product type, the market can be segmented into topcoats, primers, and backing coats. Based on technology, the functional coil coatings market can be bifurcated into liquid coatings and powder coatings. The powder coating segment is estimated to expand at a rapid pace owing to its fade resistant and scratch resistant properties.

In terms of end-user industry, the functional coil coatings market can be categorized into construction, appliances, automobile, and others.

Buy Now : https://www.transparencymarketresearch.com/checkout.php?rep_id=53052<ype=S

Functional Coil Coatings Market: Trends & Developments

Leading coating manufacturers and research institutions are aiming to develop environment friendly coating materials made from bio-based resins. They are also developing function coil coatings that have low volatile organic compound emission to cater to the rising demand of customers.

Functional Coil Coatings Market: Regional Outlook

Asia Pacific is expected to be a lucrative region of the functional coil coatings market during the forecast period owing to the growth in aluminum, steel, and construction industries. Expansion of the functional coil coatings market in Asia Pacific can also be attributed to the rise in the number of production plants in most countries in the region, especially China.

Expansion of the functional coil coatings market in emerging economies such as India, Taiwan, Indonesia, and Malaysia is driven by the surge in construction activities in these countries. Increase in production of automotive in China and Japan has propelled the usage of functional coil coatings. This, in turn, is driving the functional coil coatings market in Asia Pacific.

Explore Transparency Market Research’s award-winning coverage of the global Industry:
https://www.prnewswire.co.uk/news-releases/traditional-leather-market-to-reach-a-valuation-of-us-86-3-bn-by-2027-transparency-market-research-846322453.html 

Functional Coil Coatings Market: Key Players

Key players operating in the global functional coil coatings market include KCC paints SDN BHD, Kel Coatings Limited, Daikin industries, Ltd., Henkel AG & Co. KGaA, NIPSEA Group, BASF SE, Valspar Corporation, Axalta Coating Systems (Axalta), Akzo Nobel N.V., and PPG Industries.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Contact Us

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

About Us:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.