The report is titled ‘Coil Coatings Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the coil coatings market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The coil coatings market is expected to grow at a significant rate in the near future.
The coil coatings market size was valued at US$ 6.8 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2020 to 2028.
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Coil Coatings Introduction
Coil coating can be comprehended as a constant and automated industrial process with the objective of efficiently coating or layering metal coils. The coatings work on a basic but strong and practical belief that consists of cleaning, preprocessing and layering flat coils or aluminum or steel sheets. The procedure of coil coating comprises cleaning, conversion processing, drying, undercoat layering, top coating and foil stratification or lamination.
There are several varieties of formulations utilized in the coatings sector, although the most frequently used and popular formulations are perfluorocarbons, polyester, plastisol, alkyd acrylics, and many more.
Coil Coatings Market Dynamics
The coil coatings market size is anticipated to witness significant growth over the years to come owing to the rapidly surging construction activities in emerging and developed economies as a result of continuously multiplying population, worldwide, and associated growing needs for enhanced infrastructure, which is considered as one of the major drivers of the coil coatings market.
By the same token, the invariable construction disbursement, particularly in the Asian countries comprising India and China as a result of swift urbanization and industrialization is further estimated to accelerate the growth of the global coil coatings market in the forthcoming years.
However, one of the major factors that is likely to hold back the market growth of coil coatings in the near future is the inadequacy of appropriate transportation and storage facilities, specifically in emerging economies, which may slow down the growth of the global coil coatings market over the forecast period.
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Coil Coatings Market Segmentation
The coil coatings market is segmented on the basis of product, industry, and by region.
- Silicone Modified Polyester [SMP]
- Polyvinylidene Fluorides [PVDF]
- Polyurethane [PU]
- North America
- Latin America
- Middle East
- Asia Pacific
Coil Coatings Market Key Players
The key participating players of the global Coil Coatings market include Akzo Nobel, Henkel and Nippon Paints, Beckers Group, PPG Industries, Axalta Coating Systems LLC among others.
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