Coil Coatings
have impacted the construction and automobile industry tremendously. The
coatings are highly useful for enhancing the sheet life and its usage and
aesthetic value. These sheets are being utilized in various industries ranging
from aerospace, transport equipment, automotive, factory automation to
commercial infrastructure. Major types of polymers used for coil coatings
paints are polyester, polyurethane, polyvinylidene fluoride and plastisol and
others. By application this market is categorized by steel and aluminum.
Market Growth Trends:
The market in 2014
was $3.7 Billion and is dominated by APAC which is poised to exhibit the
fastest growth due to favorable macroeconomic conditions like population growth
and financial conditions like increasing FDI investments. In APAC, China and
India are the growth frontiers for the coil coatings market owing to the
growing demand from industrial sector such as automotive, construction and
others. The escalating population in the Asia region has triggered the need of
building materials and infrastructure that is one of the key drivers for the
coil coatings market.
Geographical Outlook:
Vietnam and Indonesia
are the key spot markets for the coil coatings sales as these regions have
relatively lower shares of advanced manufacturing and also higher contribution
from the domestic demand in the economic growth. Other major market includes
Europe and North America which accounted for a significant market share. The
coil coatings market in the Europe is anticipated to grow at a CAGR of 3.0%
during the forecast period 2015 to 2020.
End User Application
Brief:
- Construction/Building
- Appliances
- Transportation
- Furniture
- Others
There are different policies which the government has
initiated to drive the growth in infrastructure investments, which is a major
end user for the coil coating industry.
Key Market Vendors:
Apart from the market being analyzed by four geographic
regions which include North America, APAC, Europe and Rest of the World, this
market research report also includes 40+ key players of the industry analyzed
in-depth based on various business factors with the following few top ones:
- AkzoNobel N.V.
- BASF SE
- Henkel Ag & Co.
- PPG Industries Inc.
- The Valspar corporation
The number of manufacturers across the world for coil
coatings has increased manifold. These manufacturers are actively investing in
scaling up its position in the market and are able to attract profitable deals.
Major firms spent huge amounts of money in the development of efficient
technologies and at the same time, new firms are coming up with cutting-edge
technological innovations, resulting in tremendous increase in the degree of
competition. Consequently, product launches, mergers and acquisitions and
partnerships by companies, universities as well as individual researches has
been frequenting the coil coatings market headlines.
To Avail a Sample
Market Brochure, Follow the Below Link:
CONTACT:
Sanjay
Matthews
Sales
Manager
#:
+1-614-588-8538 (Ext: 101)
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