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North America Coil Coatings Market, primarily dominated by the U.S., collected a revenue of over USD 900 million in 2015 and will grow substantially over the coming seven years, owing to the growing demand for automotive and appliances such as freezers, refrigerators, dryers, dishwashers, and microwave ovens. In addition to this, the rising non-residential construction activity across this region will also contribute significantly toward the regional demand.Considering the regional landscape, Asia Pacific dominated the global coil coatings market revenue share in 2015 and will exhibit lucrative growth aspects over the coming timeframe of 2016 to 2024. The increasing urbanization and industrialization across this region will augment the industry growth noticeably. India, Japan, and China will the major revenue contributor.
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Based on coil coatings products, Polyester coil coatings market is anticipated to grow at a CAGR of 6% over the forecast period, as it offers excellent corrosion resistance and low-price. Polyvinylidene Fluorides (PVDF) coil coatings is comparatively expensive and offers good aesthetic appeal which will help boost its use in the appliances industries.
Taking into account the product, coil coatings market is mainly segmented into polyvinylidene fluoride (PVDF), plastisols, polyester, polyurethane (PU), and silicone modified polyester. Polyvinylidene fluoride based coil coatings industry collected a revenue of more than USD 800 million in 2015 and will generate considerable revenue over the coming timeframe. It is extensively used for outdoor infrastructure, owing to its capability to resist corrosion and weather traits. Additionally, PVDF based coatings provide the appealing aesthetic look and superior quality glazes, which will boost the demand for PVDF based coil coatings across the globe.
Coil Coatings Market has established a strong presence with its distribution and sales channels reaching every nook across the globe. A sturdy distribution channel and network ensures two important success factors: good client service and ample availability of the product. The key players of coil coatings industry are widely adopting these practices to hold a firm position and compete with emerging participants. The notable participants such as The Dow Chemical Company, The Valspar Corporation, AkzoNobel N.V., Nippon Paint Co. Ltd., and BASF SE are vertically integrated. This integration allows these players to maximize the product’s value at a competitive cost which will lead to a vigorous competitive scenario in coil coatings industry over the years to come.
Growing investment across the non-residential infrastructural development projects will stimulate Coil Coatings Market over the coming seven years. According to Global Market Insights, Inc., “Worldwide coil coatings market was worth 4.27 billion in 2015 and is predicted to record a CAGR of 6% over the forecast period. The on-going development activities across the emerging economies of Asia Pacific like India, Indonesia, and China will favorably influence coil coatings industry share.
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Coil Coatings Market in the construction sector is anticipated to register an annual growth rate of over 5% in terms of volume over the forecast period. Rising government spending in the construction industry for improving public infrastructure and facilities will fuel coil coatings market size. Coil coatings are extensively used in construction industry as it offers aesthetic finish to metals and provide weather & corrosion resistance. The worldwide coil coatings market is primarily driven by the rapid growth of the non-residential infrastructure (industrial sites, factories, commercial buildings, etc.). China, India, and Indonesia being some of the fastest developing economies across the globe are undergoing rapid industrialization and urbanization. In response to this fact, the rising end-use industries including automotive, construction, and appliances are generating heavy demand for coil coatings.
Major Point From Table Of Content:
Chapter 4 Coil Coatings Product Insights
4.1 Coil coatings market share by product, 2015 & 2024
4.2 Polyester
4.2.1 Global market estimates and forecast, 2013 – 2024
4.2.2 Global market estimates and forecast, by region, 2013 – 2024
4.3 Silicone Modified Polyester
4.3.1 Global market estimates and forecast, 2013 – 2024
4.3.2 Global market estimates and forecast, by region, 2013 – 2024
4.4 Polyvinylidine Fluorides (PVDF)
4.4.1 Global market estimates and forecast, 2013 – 2024
4.4.2 Global market estimates and forecast, by region, 2013 – 2024
4.5 Polyurethane (PU)
4.5.1 Global market estimates and forecast, 2013 – 2024
4.5.2 Global market estimates and forecast, by region, 2013 – 2024
4.6 Plastisols
4.6.1 Global market estimates and forecast, 2013 – 2024
4.6.2 Global market estimates and forecast, by region, 2013 – 2024
4.7 Others
4.7.1 Global market estimates and forecast, 2013 – 2024
4.7.2 Global market estimates and forecast, by region, 2013 – 2024
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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