According to Goldstein Research, the rise in building and construction activities serves as a prominent factor enhancing the demand for coil coatings. In addition to aesthetics, strength, and functionality, the builders have been promoting construction designs which can help in providing natural light and saving energy. Moreover, growing home appliances market also triggered the growth of coil coating industry. For instance, Middle East and Africa home appliances market has been growing at healthy pace with home appliance user penetration was 6.1% in 2017, which is expected to reach 9.3% in 2025.
On the other hand, environmental concerns have also given rise to the development of new advanced coatings, which are environment friendly and provide more protection and aesthetic feel. For this reason, polyurea coating market have been growing significantly from past few years owing to increased demand in construction activities and absence of hazardous air pollutants.
Additionally, developing countries have the opportunity for the growth of decorative paint market North America architectural coating market is witnessing M&A among the large players since 2013, but ten big players have control over 90% of the market.
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Market Segmentation
Based on our in-depth analysis of global coil coatings Market, it can be segmented as follows:
By Resin Type
o Polyester
o Siliconized
o Polyester
o Plastisol
o Other
By Applications
o Steel
o Aluminium
By End Users
o Building & Construction
o Automotive
o Appliance
o Packaging
o Furniture
o Others
By Region
o North America Coil coatings Market Analysis, 2016-2024
o Europe Coil coatings Market Analysis, 2016-2024
o Middle East And Africa Coil coatings Market Analysis, 2016-2024
o Latin America Coil coatings Market Analysis, 2016-2024
o Asia Pacific Coil coatings Market Analysis, 2016-2024
On the other hand, in construction industry, Intumescent coatings for structural steel are the accurate way to protect buildings as it can protect structural steel from loosing strength due to the fire that can temperatures of 1,100 degrees Celsius. Thus, intumescent coatings market is also bolstering on the back of advancements in coatings technologies.
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“Global Coil coatings Market Outlook 2024” includes comprehensive overview of the global coil coatings market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by resin type, by applications and by geography.
Company Profiling of Some Major Companies Covered in this Market Study
Akzo Nobel N.V., The Valspar Corporation, Beckers, PPG Industries, kzonobel, PPG Industries Inc., DuPont, Henkel AG & Co., Kansai Paint Chemical Ltd., The Sherwin-Williams Co., Wacker Chemie AG and BASF.
Key Highlights in Global Coil coatings Market Report:
• The global coil coatings market report highlights the competitive outlook of major global players, their business strategies, financial analysis, product portfolio, revenue distribution, R&D activities and investments. The competitive analysis also analyses the mergers, acquisitions and partnership scenario in the industry.
• The comprehensive analysis of coil coatings market report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.
• Global coil coatings market report encompasses the analysis of new opportunities emerging in the market, major factors driving the growth of market, and the factors posing threats & challenges to the market.
• The coil coatings market outlook also comprises the market analysis based on market dynamics, risk factors, USP analysis, SWOT analysis, BPS Analysis & market attractiveness.
• Further the coil coatings market report includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region covered in the market.