Global Coil Coatings Market Expected to Exhibit Highest CAGR

Coil coating is a continuous and highly automated process for coating metal before fabrication. With the growing construction industry globally, the demand for coated steel and aluminum coils for the construction of various structures in buildings is also growing which, in turn, boosting the market growth of coil coating. On the parameters of changing market landscapes, market segmentation in different regions,  a detailed forecast study on Coal Coating market is covered by the analysts of Market Research Reports Search Engine (MRRSE) and added to its vast online database with the title of  “Coil Coatings Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”. The report includes the details about the current as well as future prospects of the market globally, with a prime focus on regions, such as North America, Latin America, Western Europe, MEA and APEJ.

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Initially, the report starts with the market analysis on the basis of market introduction, macro-economic factors and opportunity analysis. Further, historical data for the period of 2012-2016 are also analyzed. Coil coating, owing to its eco-friendly and low-toxic nature, high tensile strength and high initial adhesion property, is becoming an integral part of various commercial and industrial sectors. It provides beautiful topcoats, durable surfaces, green benefits and cost savings as compared to other substrates. Also, coil coating provides for controls that are virtually impossible to attain with most other painting processes. Such advantages, along with the economic and environmental profits, make coil coating the correct choice for several manufacturers.

As per the findings, the major growth drivers for this market are growing demand for coil coated metals in end user industries like building and construction, appliance, automotive, and others. In terms of geography, China is a major consumer of pre-coated metals in the construction industry. Population growth of the country is anticipated to impact the Chinese market during the forecast period of 2017-2027, while Asia Pacific excluding Japan holds significant market potential in the global coil coatings market. Canada is anticipated to expand at a significant CAGR over the forecast period and is expected to remain a fast growing region in the global coil coatings market, finds study.

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Moving forward, the market is segmented into product types like Topcoats, Primers, Backing Coats. Of these, the Topcoats are the most utilized materials in the coil coating process. Topcoats provide color, gloss and chemical, mechanical and UV resistance to the finished coil and hence they are broadly adopted. Other materials utilized are Polyester, Epoxy, PVC/Vinyl, Plastisols, Acrylic, Silicone etc. On the basis of its usage, the report is segmented for the end users as Construction, Transportation, Consumer Durable Goods, Metal furniture etc. By application it is dividing into Steel Coating, Aluminium and Coating. Within the global coil coatings market, the building and construction end use segment is expected to remain the largest growing segment.

Finally, the key players in this field are also identified which are Akzo Nobel N.V., The Chemours Company, Axalta Coating Systems, PPG Industries, Becker Group, The Valspar Corporation, Henkel AG & Co. KGaA and others.

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