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Coil Coatings Industry Estimated CAGR of 6.1% | Market Opportunistic, Future trends, Growth Size, Global Share Analysis by 2022
Coil Coatings Market Share, Coil Coatings Market Size, Coil Coatings Market Forecast, Coil Coatings Market Analysis
Coil Coatings Market was UDS 4.3 Billion in 2017 and is expected to grow at USD 7.6 Billion in 2022 with estimated CAGR of 6.1% between by 2018-2022.
Coil Coatings advanced layer coating used to coat materials such as metal sheets, tin, steel and aluminium. Coil coatings is extensively used in construction and automobile sector owing to superior properties such as corrosion resistance, UV protection, high tensile strength and good adhesion property. Currently, growing non-residential construction activity such as large factories, industrial sites has boosted the demand for coil coating market to sustain the harsh weather conditions. The global infrastructure expenditure is expected to reach USD 5 trillion over the forecasted period.
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Coil Coatings Market Key Players:
Coil Coating Market Players are: BASF SE (Germany), Akzo Nobel N.V (Netherlands), The Valspar Corporation (U.S), PPG Industries, Inc. (U.S), E. I. du Pont (U.S), The Dow Chemical Company (U.S), Wacker Chemie AG (Germany), Nippon Paint Holdings Co., Ltd (Japan), Axalta Coating Systems LLC. (U.S), Henkel AG & Co. KGaA (Germany) and others.
Coil Coatings Market Competitive Landscape:
BASF SE, Akzo Nobel N.V, the Valspar Corporation and the Dow Chemical Company has dominated the global coil coating market share in 2016. These are vertical integrated company dominating price value in competitive market. Major market players are offering strong distribution and sales channel to trapped the untapped market. With strong channel companies are able to play with prices of raw material and provide quality services on high demand supply.
Coil Coating Market Growth Analysis:
Coil coating market appears to be less competitive with the presence of only few major global chemicals and materials manufacturers operating in the world. Presence of few key players will lead to monopoly situation and also competitive edge in innovation and technology is expected to be indelicate. As these materials are pricing at higher costs in the current markets and increasing demand for coil coating in transport and construction industries will influence the end user products from these industries. Coil coating market demonstrates a high growth potential as the demand for these materials is increasing other key players are likely to invest in opening new production capacities to meet the global demand with better solutions.
Coil Coatings Market Regional Insights:
The market is classified and analyzed on the basis of various geographic segmentation which includes; Americas, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Coil Coating market is largest market owing to robust industry growth of end user industry in China and India. Rapid industrializations, favorable government regulations and increase in per capital income will significantly grow the coil coating market in emerging economies such as China, India and Japan.
North America is second largest region in coil coating market. U.S is dominating segment owing to key players in these regions has shifted their production in developing regions to trapped the competitive market. Automobile sector in these region is growing rapidly which led to rise in product segment in these regions. European debt crisis has affected many industries like construction, automobile and appliances. Due to this key player has reluctant to invest in these regions. This has led slow growth of product in European market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.
Coil Coatings Market Segmentation:
Coil Coating Market is majorly segmented on the basis of resin type and end user industry. Based on resin type, Coil Coating market is segmented into polyester, polyvinylidene fluorides (pvdf), polyurethane, silicone modified polyester and plastisol. Based on end user industry of Coil Coating, the market is segmented into Construction, Automotive, Electrical & Electronics, Consumer appliances, Others.
Coil Coatings Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Coil Coating Market
Coil Coatings Market Table of Content to be Continue…….,
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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