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A Complete Study On Coil Coatings Market


Introduction

Coil coating is a sophisticated automated industrial process with the aim of coating coils efficiently before fabrication. Coatings can be polyurethanes, polyvinylidene fluorides, epoxies, polyesters, and plastisols, backing coats, primers, and laminate films. Since coil coatings have superior characteristics like corrosion resistance, flexibility compared to conventional coatings and stain resistance, they are highly demanded in the automotive, construction, electrical and electronics industries. By resin type, the market of coil coating is segmented as Polyester resins, Plastisol resins, Siliconized polyester resins, and Fluoropolymer resins.

Drivers of coil coatings market

Expansion in any of automotive, construction, electrical and electronics industries will drive the global market for coil coatings. Increasing construction activities in emerging economies due to rapid industrialization and urbanization is uplifting the market growth. Stringent government regulations coupled with the need for bio-based coatings to support the construction of green buildings across the globe is further boosting the coil coating market growth. Moreover, intense penetration of coil coatings in pharmaceutical packaging and aerospace applications will further drive the market towards growth. Growing requirement of steel and aluminum in transportation and construction will also positively impact global growth. The growth of anti-corrosive coating formulations is also boosting the growth of the market.

Restraints and opportunities

Replacement of metal substitution with engineering plastics such as polycarbonate in the automotive industry may restrain the growth of the coil coating market. However, globally increasing construction activities will continue to increase the coil coatings market size. Also, investments made in R&D to manufacture coating with environment-friendly materials which are also less harmful to human health.

Market Segmentation

Geographically, Asia Pacific region is expected to have a significant market share of the global coil coatings market. The market of Asia Pacific region will be driven by the escalation in the construction industry as well as the automotive industry in the region. Increasing construction activities in China and India will drive the coil coatings market in Asia Pacific region. The North America region is also expected to witness rapid growth. Recovery of the construction industry and automotive industry in North America can drive the market for coil coatings in this region too. Increasing construction activities in Mexico and Brazil can augment the coil coatings market in Latin America. 

 The market of coil coating is filled with both large scales as well as small and medium-scale players. The key players of the market are Beckers Group, Wacker Chemie AG, Henkel AG & Co. KGaA, Dura Coat Products, Inc., PPG Architectural Coatings UK Limited, The Sherwin-Williams The company, and Akzo Nobel N.V.

By resin type segmentation, the polyester segment is expected to have a significant market share owing to offers excellent corrosion and weather resistance features.  The end-user segment, Building, and construction segment are expected to have a significant market share. It has various applications in construction. It provides an opportunity for the architect to make variations in color, designs, etc. rapidly growing construction activities across the globe is driving the market of the coil coating market. 

 Rapid urbanization in emerging economies is creating new growth opportunities for the market. However, the inclination of the automotive sector towards lightweight materials such as engineering plastic is hampering the growth of the market.

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