Global Construction Boom Fuels Growth in Technical Coil Coatings Market as Infrastructure Development Surges

Technical coil coating is a process in which a coating material is applied on the metal strip in a continuous process. The technical coil coating process involves chemical pre-treatment of the metal surface on either one side or both the sides. The process is used in many industries like construction, transportation, furniture etc.

According to the report, the global technical coil coatings market is anticipated to reach a market value of over USD 13.0 Billion by the end of 2027. APEJ and MEA are expected to hold a significant market potential in the global technical coil coatings market. Manufacturers are also expected to bring in to the market several latest technologies such as water based products, e-coatings and UV primers. These are radiation curable paint systems, which are expected to appeal to the masses and bring profits for businesses.

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Global Technical Coil Coatings Market: Drivers

An exceptional increase in the demand for corrosion free products has helped further the revenue growth of the global technical coil coatings market. The rise in demand for high-quality products to be used in the manufacturing of various consumer durable goods as well as in the electricity and power sector is being witnessed. People are also demanding more of finished goods for domestic as well as commercial use.

There has also been an increase in investments in the coatings market. All these factors have highly contributed to the growth of the global technical coil coatings market. Companies are even increasing local manufacturing to strengthen their presence in the regional market. Most of the companies enter the market with support from local suppliers. These companies later strengthen their presence by strategically acquiring local partners/suppliers in the region.

Global Technical Coil Coatings Market: Segmental Analysis

- Among the various regional markets, Asia Pacific Excluding Japan is expected to witness the fastest growth. The region is also anticipated to hold the largest market share with a valuation of over USD 700 Million by the end of 2027
- In terms of product type, both top coats and primers are expected to turn out to be the most attractive segments with the fastest growth rate during the forecast period
- On the basis of material type, polyester is the dominating segment in the global market, with an estimated market share of over USD 1,600 Million by the end of 2027
- Based on application, steel is the dominant segment with a projected market value of over USD 1,700 Million by the end of 2027. The steel market is expected to grow at a CAGR of 4.8% during the forecast period
- On the basis of end user, the body panel segment is likely to hold maximum market value share and growth rate during the forecast period

Global Technical Coil Coatings Market: Competitive Analysis

According to the research report, the top four players/manufacturers account for around 30% - 33% of the overall market share. The report comprises a brief profile of all the major players in the industry. These profiles depict the current and future strategies of all the businesses involved in this market. The research also lists the top five players in the global technical coil coatings market - Akzo Nobel N.V., Beckers Group, Axalta Coating Systems Ltd, PPG, Industries Inc. and The Valspar Corporation. Some of the other players profiled in this report include Nipsea Group, Kansai Paint Co., Henkel AG & Co. KGaA, The Chemours Company, and Axalta Coating Systems Ltd.

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Market Segmentation:

By Material Type

Polyester
Epoxy
PVC/Vinyl
Plastisols
Acrylic
Polyurethane
PVDF
Silicone

By Product Type

Topcoats
Primers
Backing Coats
Others

By Technology

Liquid Coating
Water  Borne
Solvent Based
Powder Coating

By End Use

Transportation
Consumer Durable Goods
HVAC
Metal Furniture
Others

Related Reports:

Coil Coatings Market: https://www.futuremarketinsights.com/reports/coil-coatings-market

Functional Coil Coatings Market: https://www.futuremarketinsights.com/reports/functional-coil-coatings-market

BRIC Performance Coatings Market: https://www.futuremarketinsights.com/reports/bric-performance-coatings-market

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