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Coil Coatings Market Size to Depict the High Demand from Construction Sector Over 2019 - 2024

Author : Ronak Bora | Published Date : 2019-08-06 

Coil coatings market size in the construction sector is anticipated to register an annual growth rate of over 5% in terms of volume over the period of 2016-2024. Rising government spending in the construction industry for improving public infrastructure and facilities will fuel coil coatings market size.

Coil coatings are extensively used in construction industry as it offers aesthetic finish to metals and provide weather & corrosion resistance. The worldwide coil coatings market is primarily driven by the rapid growth of the non-residential infrastructure (industrial sites, factories, commercial buildings, etc.). China, India, and Indonesia being some of the fastest developing economies across the globe are undergoing rapid industrialization and urbanization. In response to this fact, the rising end-use industries including automotive, construction, and appliances are generating heavy demand for coil coatings. According to Global Market Insights, Inc., “Coil Coatings market is estimated to witness a CAGR of 6% over the period of 2016-2024.” 

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Coil Coatings Market has established a strong presence with its distribution and sales channels reaching every nook across the globe. A sturdy distribution channel and network ensures two important success factors: good client service and ample availability of the product. The key players of coil coatings industry are widely adopting these practices to hold a firm position and compete with emerging participants. The notable participants such as The Dow Chemical Company, The Valspar Corporation, AkzoNobel N.V., Nippon Paint Co. Ltd., and BASF SE are vertically integrated. This integration allows these players to maximize the product’s value at a competitive cost which will lead to a vigorous competitive scenario in coil coatings industry over the years to come.

In 2015, the global coil coatings market share was consolidated as major industry participants accounted for more than 50% of the global share. Key industry contributors were Akzo Nobel N.V, The Dow Chemical Company, BASF SE and The Valspar Corporation.

In 2015, North America, led by the U.S. coil coatings market share was valued at over USD 900 million. The inclining non-residential construction sector after economic downturn has substantially driven the regional product demand. Furthermore, the U.S. is prominent user of appliances including microwave ovens, freezers, dishwasher’s, range hoods, refrigerators and dryers.

Robust growth in the end-use industry of Asia Pacific region will upsurge coil coatings market. The rising product demand particularly in India, China, and Japan is likely to dominate the overall revenue generation of the region. Escalating construction industry and rapid industrialization in this region will be the key driving factors for the growth of coil coatings market. The major industry giants like AkzoNobel, The Valspar Corporation, and PPG Industries, Inc., are putting in extra efforts for development in Asia Pacific region to maximize profits and cope up with rising product demand.

 

Glimpse of Table of Content (ToC)

Chapter 3     Coil Coatings Market Insights

3.1     Coil Coatings Market segmentation

3.2     Coil Coatings Market size and forecast, 2013 - 2024

3.3     Coil Coatings Market ecosystem analysis

3.3.1     Vendox matrix

3.4     Coil coatings industry impact forces

3.4.1     Growth drivers

3.4.1.1     Robust growth in non-residential construction globally

3.4.1.2     Increasing product demand in Asia Pacific

3.4.2     Industry pitfalls and challenges

3.4.2.1     Decreasing product demand in Europe

3.5     Growth potential analysis

3.5.1     New business models

3.5.2     Potential customers

3.6     Porter’s analysis

3.7     Company market share analysis, 2015

3.7.1     Strategic landscape

3.8     PESTEL analysis

3.9     Coil coating price trend analysis

3.9.1     Cost structure

3.9.2     Raw material analysis

3.10   Regulatory landscape

3.10.1      U.S.

3.10.2      Europe

3.10.3      China

 

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

 

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

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Email: [email protected]

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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