The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Coil Coatings Market is likely to witness a linear growth at a steady CAGR of approximately 5.5% during the forecast period.
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Based on the product type, the market is segmented into polyester, silicone modified polyester [SMP], polyvinylidene fluorides [PVDF], polyurethane [PU], plastisols, and others. Among these product types, polyester is estimated to account for a high market share, during the forecast period. As a result of its superior properties, polyester coil coating helps in providing exceptional resistance to weather conditions and corrosion. Also, the low cost of polyester, which results in increasing its applications across the end-use industries, is expected to boost the market for the polyester coil coatings. Moreover, polyester helps in providing superb flow characteristics to an extensive range of temperatures and is very much suitable for external applications such as doors and residential roof tops. Therefore, there is a significantly high demand for polyester coil coatings currently.
Based on the application type, the market is segmented into construction, automotive, appliances, and others. Among these applications, the construction application is expected to gain the maximum traction in the market over the forecast period. There has been a significant expenditure in the construction industry, worldwide, which is one of the largest end-use industries for coil coatings. As a result of the increasing infrastructure developments and rapid industrialization across the globe, it is anticipated that the global coil coatings market would witness a steady growth.
In terms of regions, the market is segmented into North America, Europe, Asia Pacific, and rest of the world. Among these regions, Asia Pacific is expected to be dominant throughout the forecast period. The market growth in this region is majorly attributed to the presence of a large number of coil coating manufacturing companies and a wide range of end-use industries. Of late, the automotive industry is growing in the region, which has significantly escalated the overall market demand. Countries such as India, Malaysia, Japan, and Indonesia have witnessed a steady increase in the vehicle production, as per the International Organization of Motor Vehicle Manufacturers (OICA). Furthermore, there has been a surge in the construction activities and infrastructure development in the region, especially in China and India, which would induce a high growth potential in the overall market landscape of the Asia Pacific region.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Coil Coatings Market analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
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