Global Coil Coating Market Information- by resin types (Polyester, Polyvinylidene Fluorides (PVDF), polyurethane, silicone modified polyester and Plastisol), by end user industry (Construction, Automotive, Electrical & Electronics, Consumer appliances, Others) and by Region - Forecast till 2022
Pune, India -- (SBWIRE) -- 05/15/2018 -- Commenting on this report, an analyst from Market Research Future (MRFR)'s team said, "Global Coil Coating market size is expected to grow at ~7.6 billion by 2022.
The market witnessed escalating growth owing to use of product in various commercial and industrial sector. Coil Coatings advanced layer coating used to coat materials such as metal sheets, tin, steel and aluminum. Coil Coatings is extensively used in construction and automobile sector owing to superior properties such as corrosion resistance, UV protection, high tensile strength and good adhesion property. Currently, growing non-residential construction activity such as large factories, industrial sites has boosted the demand for coil coating market to sustain the harsh weather conditions. The global infrastructure expenditure is expected to reach ~USD 5 trillion over the forecasted period. Thus, superior properties of coil coating and ecofriendly nature of Coil Coating compared to conventional coatings is driving the coil coating demand in construction sector. However, high cost of Coil Coatings compared to conventional coatings and easy availability of substitution of high engineered metals such as polycarbonate plastics hinder the market growth of Coil Coatings over the forecasted period.
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Product Segment Analysis:
On Basis of Resin Types, coil coatings are segmented into polyester, polyvinylidene fluorides (PVDF), polyurethane, and silicone modified polyester and plastisol. Polyester coil coating is largest market share holder in coil coating market. These is due to low cost of polyester resin coil coating compared to other products in this segment. Owing to superior properties, polyester coil coating provides excellent corrosion and weather resistant in almost all condition. Polyvinylidene fluorides (PVDF) coatings is also expected to increase significantly due to their properties such as longevity coupled with providing aesthetic appeal is suitable to sustain in harsh conditions. Thus, growing construction, automobile along with increase in disposable income has led the coil coating market growth over the forecasted period.
End User Industry Anaylsis:
Construction Coil Coating Market is dominating market owing to growing infrastructure activities, rapid industrialization and increase in government spending in emerging economies such as China and India. Moreover, increasing government spending to improve public infrastructure in order to increase tourism and trading is propelling the demand of Coil Coating across the end user industry. Rise in population has led to increase in usage of vehicles. Thus, automotive Coil Coating Market witnessed a significant growth owing to increase in artistic appeal automobile body parts in vehicles. Metals used in vehicles to provide structural strength along with visual appeal to automotive parts has driven the coil coating market in this segment
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