Transparency Market Research (http://www.transparencymarketresearch.com) includes new market research report "Coil Coating Market" to its huge collection of research reports.
Albany, NY -- (SBWIRE) -- 11/20/2014 -- Coil coating is the process of coating coil structures, predominantly metal coils. Metal has to be cleaned and treated for processing and before being employed in the production of end user applications including building & construction, automotive and electronics among others. Cleaned and treated surface of metal is prone to rust and is easily reactive with acids that degrade the quality of the metal surface. Therefore, a coating has to be done over the metallic surface to increase durability and efficiency of the product. Coil coating is among the most dominant processes employed in the coating of metal.
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Coating is done on a continuous basis so achieve consistency in the coating. Coil coating is often employed before processing of metal for enhanced processing of the material. Coating can be single layered or multi layered depending on the end use application. Coil coating is employed for various applications including to improve aesthetics or to improve performance efficiency of the metal coil. Steel and aluminum are among the most dominant application segment for coil coatings and this trend is anticipated to continue during the forecast period. The end user industries for coil coatings include industrial machinery, building & construction, pharmaceuticals, automotives, aerospace and defense among others.
Growth of major end user applications of coil coatings including automotive, construction and machinery is profoundly dependent on macro economic factors such as GDP growth in a region. Therefore, high GDP growth in the emerging economies of Asia Pacific and South America has been among foremost growth drivers for coil coatings market. Increasing demand for high efficiency packaging material across the globe for transportation and storage applications also has been a major factor driving demand for coil coatings. High growth in automotive segment also has been driving demand for coil coatings. There have been significant developments in engineering plastics market owing to which, metal parts are been substituted with engineering plastics such as polycarbonate. Increasing substitution of metal components primarily in the automotive segment has been a major factor restraining market growth for coil coatings. There has been surge in applications of coil coatings and coil coatings are employed for varied applications including smog protection, anti microbial applications, etc. Research and development activities to increase the application of coil coatings are expected to offer huge growth opportunity for coil coatings market.
Asia Pacific dominates the global coil coatings market and this trend is anticipated to continue during the forecast period. Increasing industrial investments and high GDP growth in the emerging economies of India and China has been among foremost factors driving demand for coil coatings in Asia Pacific. Demand for coil coatings in Asia Pacific is anticipated to be driven by high growth in end user markets including automotive, pharmaceutical, electronics, etc. North America is the second largest market for coil coatings followed by Europe. There has been surge in demand for eco friendly bio degradable coatings material in North America and Europe. Bio based coatings are anticipated to offer huge growth opportunity for coil coatings in North America and Europe during the forecast period. RoW is expected to be the fastest growing geographic segment for coil coatings for the next six years. Demand in RoW is primarily driven by increasing demand from developing economies of South America and Africa.
Some of the key players in the coil coatings market include BASF SE, Henkel, PPG Industries, Nippon and Akzonobel among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include:
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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