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Coil Coatings Market by Type, by Application (Steel & Aluminum), and by End User Industry - Global Forecast to 2026

Author : Ravi Chawat | Published Date : 2021-09-14 

Coil Coatings Market is expected to exceed USD 4.5 billion by 2026. Continuous upsurge construction industry will induce coil coatings demand in the projected time period.

Some major findings of the coil coatings market report include:

  • China to possess high growth potential with increasing manufacturing and construction activities
  • Technological advancements regarding anticorrosive primers and UV technology to fuel product demand
  • Storage and transportation constraints may hamper the industry proliferation

High industry rivalry due to the presence of many established players in the industry. Some major players are Akzo Nobel, Henkel AG & Co. KGaA., Nippon Paint Co. Ltd. Etc.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/839

Rising adoption of home appliances owing to increasing urbanization, shifting consumer preferences and expanding middle class population will escalate the coil coatings market growth. The homeowners are adopting more appliances with the connected home and changing lifestyle. Appliances such as washing machines, refrigerators, ovens, dishwashers etc. provide major contribution in the routine activities. Ongoing government initiatives to enhance the sustainability of the appliances will support the product demand. For instance, in October 2019, the European Union introduced strategic including eco-design to enhance the energy efficiency of the product groups including refrigerators, washing machines, electronic displays, dishwashers, light sources and other appliances.

Based on type of coatings, the market is segmented into polyester based coatings, silicone modified polyester (SMP), PVDF coatings, PU coatings, plastisol coatings etc. Polyurethane coatings are generally tough, provide high resistance to chemicals and offers enhanced gloss cosmetic finishes. The construction industry is one of the major users of the polyurethane coatings as these prevent corrosion and providing durability. Further, these possess superior weather resistance properties thereby propelling the segment penetration.

Get Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/coil-coatings-market

Coil coatings have applications in multiple industries including automotive, construction, home appliances, packaging, and furniture. Construction industry is one of the key consumers of coil coatings. Emerging metallurgy technologies across the globe is inducing growth potential in the industry landscape. In 2018, there are USD 2.5 trillion worth of planned projects in the GCC. Saudi Arabia leads the industry within the region with planned construction projects of over USD 1 trillion followed by UAE with around USD 715 billion worth of planned projects.

In 2018, Asia Pacific led the coil coatings market followed by Europe and North America respectively. The automotive industry and furniture industry are driving the product demand in the region. According to the China International Furniture Fair (CIFF), in 2018, the region accounted for over 40% furniture consumption. Further, presence of major exporting countries including Chine, Vietnam and Malaysia will support its dominance over the projected timeframe.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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