Global Functional Coil Coating Market Study Analysis: Demand For Furniture And Household Appliances Vary Increase The Growth Of Market

The Global Functional Coil Coating Market was estimated to be $ Billion in 2028 and is anticipated to grow at a CAGR of more than 7.3% from 2021 to 2028. Functional coil coating is a chemical pre-treatment applied onto metal surfaces such as aluminium and steel on either one side or both sides. The functional coil coating treatment provides treated metal with properties such as enhanced resistance to corrosion, stain resistance, design flexibility, weathering resistance, availability of colour and textures, enhanced aesthetics, higher paint adherence, chemical and water resistance. These properties of functional coil coated metal have increased its demand in construction, aerospace, pharmaceuticals, automotive, electrical and electronics and among others. In construction, these chemical treated metals are used to manufacture metal roofs, wall panels, storage units, ceiling grids, garage doors and others. The increased demand for functional coil coated metals is expected to boost the functional coil coating market growth.

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Global Functional Coil Coating Drivers And Restrain:
The major factors that have impacted the growth of the functional coil market are rising demand from the building and construction due to the benefits of formulated coil coated metals, increased demand in furniture and home appliances owing to higher expenditure in this sector, and among others.

Rising Demand from the Building and Construction Industry:
The coil coating resins like Polyester resin, silicon-modified polyester and polyvinylidene fluorides (PVDF) or fluoropolymer are extensively used in construction industries due to their moulding capabilities, durability, functionality and environment-friendly properties. The coil coatings offer a wide range of colours and textures. It is also being used to construct savage systems, rainwater collection systems, and leaf and debris collection systems. It also has excellent reflective properties due to infrared-reflective pigment technology which maintains the building’s interior temperature and thus saves energy. Thus, the builders and consumers are moving towards coil coating for both interior and exterior construction applications.

Increased demand in the furniture and home appliances industry:
With the increased interest of consumers towards aesthetics and up-gradation in a standard of living the demand for modern furniture and home, appliances are increasing day by day. The increased disposable income has also catered for the need for serving a better lifestyle that demands luxurious products. The manufacturers are encouraged to use coil coated metals as it offers flexibility, improved corrosion resistance, more design and texture options and aesthetics of home furniture. The use of steel and aluminium coating increases the durability by providing additional resistance towards corrosion. Thus, to meet the user demand, the manufacturers are using coil-coated metals which as a result is increasing the demand for coil coating across the globe and boosting the market.
The market may be hampered by more expensive processes, while consumers are becoming more interested in low-cost products.

Impact Of COVID-19 on the Functional Coil Coating Market:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window

Global Functional Coil Coating Market Segments:
The global Functional Coil Coating market is further segmented into Material, Product, Technology, End-User, and geography.
By Material: Polyester, Epoxy Resin, Pvc/Vinyl, Plastisol, Acrylic, Polyurethane, And Polyvinylidene Fluoride
By Product: Topcoat, Primer, And Backing Coats
By Technology: Liquid Coating And Powder Coating
By End User: Construction, Appliances, Automobile, And Others

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)

Asia-Pacific is anticipated to dominate the global functional coil coating market attributed to increasing demand for functional coil coatings in the construction and automotive industries. The presence of the end-use industries in developing countries including India, China, Malaysia, Japan and others is also expected to drive the functional coil coating market. Furthermore, the increasing disposable income is fueling the demand for higher standards of home products such as furniture and home appliances are expected to boost the functional coil coating market. In the North American region, the growing pharmaceutical industry is expected to supplement the functional coil coating market growth. The pharmaceuticals are using functional coil coating for packaging. Europe is also expected to witness higher functional coil coating growth owing to the existence of major end-use industries such as construction, electrical and electronics and pharmaceuticals.

Key Players of Global Functional Coil Coating Market:
• BASF Se
• Henkel AG & Co
• KelCoatings Ltd
• PPG Industries Inc
• The Chemours Company
• NIPSEA Group
• The Sherwin Williams Company
• Axalta Coating Systems
• Valspar Corporation
• Eastman Chemical Company

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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Functional Coil Coating Market
• Value Chain Analysis of Global Functional Coil Coating Market
• What is the CAGR of the Global Functional Coil Coating Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis

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