Coil Coating Market Analysis, Growth, COVID-19 Overview, Demand and Industry Forecast 2023
Coil Coating Market Overview:
Coil Coatings Market was UDS 4.3 Billion in 2017 and is expected
to grow at USD 7.6 Billion in 2022 with estimated CAGR of 6.1% between by
2018-2022.
COVID-19 analysis on Coil
Coating Market is growing with the impulsive
pace; mainly due to the proliferation of construction industry. The global
construction market is anticipated to increase at a faster growth than world
GDP over the forecast period owing to the Asian economies continue to
industrialise and coupled with US recovers from the sharp downturn during the
global financial crisis. According to a recent study report published by the
Market Research Future, the global market of Coil coating is booming and
expected to gain prominence over the forecast period. The market is forecasted
to demonstrate a stunning growth by 2022, surpassing its previous growth
records in terms of value with a striking CAGR during the estimated period
(2018 – 2022).
Coil Coatings advanced layer coating used to coat materials such
as metal sheets, tin, steel and aluminium. Coil coatings is extensively used in
construction and automobile sector owing to superior properties such as
corrosion resistance, UV protection, high tensile strength and good adhesion
property. Currently, growing non-residential construction activity such as
large factories, industrial sites has boosted the demand for coil coating
market analysis to sustain the harsh weather conditions. The global
infrastructure expenditure is expected to reach USD $ 5 trillion over the
forecasted period.
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Coil Coating Market Key Players:
Coil
Coating Market Report Major Role Players
are; Akzo Nobel N.V. (the Netherlands), Kansai Paint Co., Ltd. (Japan), BASF SE
(Germany), E. I. Du Pont De Nemours and Company (U.S.), PPG Industries, Inc.
(U.S.), The Valspar Corporation (U.S.), Henkel AG & Co. KGaA (Germany), The
Sherwin-Williams Company (U.S.), Wacker Chemie AG (Germany), and The Chemours
Company (U.S.) are some of the prominent players profiled in MRFR Analysis and
are at the forefront of competition in the Global Coil coating Market.
Coil Coatings Market Segmentation:
Global Coil Coating industry is majorly segmented on the
basis of resin type and end user industry. Based on resin type, Coil Coating
market is segmented into polyester, polyvinylidene fluorides (pvdf),
polyurethane, silicone modified polyester and plastisol. Based on end user
industry of Coil Coating, the market is segmented into Construction,
Automotive, Electrical & Electronics, Consumer appliances, Others.
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NOTE: Our team of researchers are studying Covid19 and its impact
on various industry verticals and wherever required we will be considering
covid19 footprints for a better analysis of market and industries. Cordially
get in touch for more details.
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