Global
Coil Coating Market by Product (Polyester, Fluropolymer, Siliconized Polyester,
Plastisol) by Application (Steel, Aluminium) and Region - Global Forecast to
2024
Market Size and Forecast
Global
coil coating market is expected to grow at a steady compound annual growth rate
of 5.5% over the forecast period. Further, the
market is expected to reach at a valuation of about USD 7.2 Billion by the end
of 2024 from USD 5.1 Billion in 2016. Rising penetration of coil coatings
in various industries such as construction, automotive and other industries is
driving the growth of the global coil coating market across the globe.
In the
terms of region, Asia-Pacific accounted for highest percentage of market share,
with 51.2% in overall coil coating market in 2016.
Asia-Pacific region is witnessing rapid pace in urbanization and increasing
construction activities in growing economies. Further, rising adoption and
demand for coil coating in construction industry is boosting the growth of coil
coating market in Asia-Pacific region. Moreover, increasing sale of automotive
on the account of rising disposable income is likely to provide a robust growth
to the Asia-Pacific coil coating market during the forecast period.
Consequently, Asia-Pacific is expected to dominate the global coil coating
market by the end of forecast year i.e. 2024. Japan, China and India are
expected to be the major contributor to the growth of Asia-Pacific coil coating
market during the forecast period due to rapid growth of automotive industry
and construction sector in these countries.
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North
America is expected to grow at a significant CAGR over the forecast period.
Increasing spending on non-residential construction activities has been witnessed
in recent years. Growth of construction sector is expected to augment the
demand for coated coils which further, is anticipated to propel the growth of
coil coating market. U.S. is anticipated to be the major country witnessing the
augmented demand for coated coils. However, Canada coil coating market is
anticipated to grow at a higher CAGR of 5.9% than U.S.
Europe is
expected to grow at a sluggish growth rate during the forecast period. This can
be attributed to the Eurozone crisis which critically affected the growth of
various end-use industries. Additionally, this crisis has reduced the
investment which is anticipated to dampen the growth of Europe coil coating
market over the forecast period. Middle East & Africa is anticipated to
witness significant growth during the forecast period on the account of rising
disposable income and increasing sale of coil coated appliances.
Market Segmentation
Our
in-depth analysis segmented the global coil coating market in the following
segments:
By Product Type
·
Polyester
·
Fluropolymer
·
Siliconized
Polyester
·
Plastisol
·
Others
By Application
·
Steel
·
Aluminium
By
End-User
·
Building
& Construction
·
Appliances
·
Automotive
·
Others
By Region
Global
coil coating market is further classified on the basis of region as follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity
Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis
·
Middle
East and North Africa (GCC, North Africa, South Africa and Rest of Middle East)
Market Size and Y-O-Y Growth Analysis
Growth Drivers and Challenges
Spiked
growth of construction industry in emerging economies is the major factor
driving the growth of the global coil coating market. Rising spending on
non-residential construction activities in developed regions is envisioned to
bolster the growth of the global coil coating market over the forecast period.
Further, coated coils are widely adopted by construction industries due to
their various features such as resistance to corrosion and other features. In
addition to this, rising application of coated coils in various industries such
as consumer appliance, automotive and other industries is anticipated to propel
the growth of coil coating market in the upcoming years.
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Apart from
this, technological innovation and development of advanced coil coatings such
as bio-based coating solution is expected to spur the growth of this market
over the forecast period.
However,
rising cost of raw material is anticipated to hamper the growth of the global
coil coating market. Apart from this, Eurozone debt crisis is envisioned to
decelerate the demand for coated coils.
Key players
·
Akzonobel
N.V.
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
PPG
Industries Inc.
·
The
Valspar Corporation
·
BASF
SE
·
DuPont
·
Henkel
AG & Company
·
Kansai
Paint Chemical Limited
·
The
Beckers Group
·
The
Sherwin-Williams Company
·
Wacker
Chemie AG
Scope and Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
coil coating market is segmented as follows:
·
By
Product Type Market Size & Y-O-Y Growth Analysis
·
By
Application Market Size & Y-O-Y Growth Analysis
·
By
End-User Market Size & Y-O-Y Growth Analysis
·
By
Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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