Coil Coatings Market, According to Research, Will Rise Ahead in Coming Years - Industryarc

Coil Coatings have impacted the construction and automobile industry tremendously. The coatings are highly useful for enhancing the sheet life and its usage and aesthetic value. These sheets are being utilized in various industries ranging from aerospace, transport equipment, automotive, factory automation to commercial infrastructure. Major types of polymers used for coil coatings paints are polyester, polyurethane, polyvinylidene fluoride and plastisol and others. By application this market is categorized by steel and aluminum.

Market Growth Trends:

The market in 2014 was $3.7 Billion and is dominated by APAC which is poised to exhibit the fastest growth due to favorable macroeconomic conditions like population growth and financial conditions like increasing FDI investments. In APAC, China and India are the growth frontiers for the coil coatings market owing to the growing demand from industrial sector such as automotive, construction and others. The escalating population in the Asia region has triggered the need of building materials and infrastructure that is one of the key drivers for the coil coatings market.

Geographical Outlook:

Vietnam and Indonesia are the key spot markets for the coil coatings sales as these regions have relatively lower shares of advanced manufacturing and also higher contribution from the domestic demand in the economic growth. Other major market includes Europe and North America which accounted for a significant market share. The coil coatings market in the Europe is anticipated to grow at a CAGR of 3.0% during the forecast period 2015 to 2020.

End User Application Brief:

• Construction/Building

• Appliances

• Transportation

• Furniture

• Others

There are different policies which the government has initiated to drive the growth in infrastructure investments, which is a major end user for the coil coating industry.

Key Market Vendors:

Apart from the market being analyzed by four geographic regions which include...