Technical Coil Coatings Market Size, Share, Demand and Trends by 2022-2027
Technical coil coating is a process in which a coating material is applied on the metal strip in a continuous process. A new research report by Future Market Insights titled “Technical Coil Coatings Market: Global Industry Analysis 2012 – 2021 and Opportunity Assessment 2022 – 2027” forecasts that the global technical coil coatings market is expected witness a steady growth with a CAGR of 4.9% during the study period 2022 – 2027. The technical coil coating process involves chemical pre-treatment of the metal surface on either one side or both the sides. The process is used in many industries like construction, transportation, furniture etc.
According to the report, the global market for
technical coil coatings is anticipated to reach a market value of over US$
13.0 Bn by the end of 2027. APEJ and MEA are expected to hold a
significant market potential in the global technical coil coatings market.
Manufacturers are also expected to bring in to the market several latest
technologies such as water based products, e-coatings and UV primers. These are
radiation curable paint systems, which are expected to appeal to the masses and
bring profits for businesses.
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Global
Technical Coil Coatings Market: Drivers
An exceptional increase in the demand for corrosion
free products has helped further the revenue growth of the global technical
coil coatings market. The rise in demand for high-quality products to be used
in the manufacturing of various consumer durable goods as well as in the
electricity and power sector is being witnessed. People are also demanding more
of finished goods for domestic as well as commercial use. There is also an
increase in investments in the coatings market.
All these factors have highly contributed to the
growth of the global technical coil coatings market. Companies are even
increasing local manufacturing to strengthen their presence in the regional
market. Most of the companies enter the market with support from local
suppliers. These companies later strengthen their presence by strategically
acquiring local partners/suppliers in the region.
Global
Technical Coil Coatings Market: Segmental Analysis
- Among
the various regional markets, Asia Pacific Excluding Japan is
expected to witness the fastest growth. The region is also anticipated to
hold the largest market share with a valuation of over US$ 700 Mn by the
end of 2027
- In
terms of product type, both top coats and primers are expected to
turn out to be the most attractive segments with the fastest growth rate
during the forecast period
- On
the basis of material type, polyester is the dominating segment in
the global market, with an estimated market share of over US$ 1,600 Mn by
the end of 2027
- Based
on application, steel is the dominant segment with a projected market
value of over US$ 1,700 Mn by the end of 2027. The steel market is
expected to grow at a CAGR of 4.8% during the forecast period
- On
the basis of end user, the body panel segment is likely to hold
maximum market value share and growth rate during the forecast period
Global
Technical Coil Coatings Market: Competitive Analysis
According to the research report, the top four
players/manufacturers account for around 30% – 33% of the overall market share.
The report comprises a brief profile of all the major players in the industry.
These profiles depict the current and future strategies of all the businesses
involved in this market. The research also lists the top five players in the
global technical coil coatings market – Akzo Nobel N.V., Beckers Group, Axalta
Coating Systems Ltd, PPG, Industries Inc. and The Valspar Corporation. Some of
the other players profiled in this report include Nipsea Group, Kansai Paint
Co., Henkel AG & Co. KGaA, The Chemours Company, and Axalta Coating Systems
Ltd.
Technical
Coil Coatings Market by Category
By Material Type
- Polyester
- Epoxy
- PVC/Vinyl
- Plastisols
- Acrylic
- Polyurethane
- PVDF
- Silicone
By Product Type:
- Topcoats
- Primers
- Backing
Coats
- Others
By Technology
- Topcoats
- Primers
- Backing
Coats
- Others
By End Use
- Transportation
- Consumer
Durable Goods
- HVAC
- Metal
Furniture
- Others
By Application:
- Steel
Coating
- Aluminum
Coating
By Region:
- North
America
- Western
Europe
- APEJ
- Latin
America
- Eastern
Europe
- MEA
- Japan
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Full Report: https://www.futuremarketinsights.com/reports/technical-coil-coatings-market
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