Allied Market Research (AMR) has published a new report on Functional Coil Coatings Market, the global market size was valued at $368.5 million in 2017 and is likely to reach at $509 million by 2024 at a CAGR of 4.8%.
Increase in application of textured metals in furniture and construction industry is one of the key factors driving the growth of functional coil coatings market. The demand for functional coil coated metal among furniture manufacturers has drastically increased owing to increasing purchasing power parity of consumers.
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In addition to, consumers changing demand for designs and aesthetics of home appliances has increased the use of pre-coated metal in home appliances industry which is further spurring the global functional coil coatings industry. Use of organic ingredients and recycling of the waste and coating tools is expected to drive the functional coil coatings market growth in the near future.
The global functional coil coatings market based on technology is bifurcated into liquid coatings and powder coating. The liquid coating method is a traditional method of coating. On the other hand, powder coating is an emerging coating method, which is gaining popularity owing to its minimal waste output and easy application methods.
Advancements in coil coating technology such as use of organic materials and recycling the coating tools are fueling the growth of the functional coil coatings market. These technologies facilitate consumers to apply the coatings in desired texture and quantity. In addition, they provide wider opportunity for pigment customization.
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The global functional coil coatings market has witnessed a significant growth in end-user industries. Functional coil coated metals are widely applicable in these industries, owing to the elimination of the cost required for setting up coating plant and quick availability of the pre-coated metals. Moreover, upsurge in demand for texturization of pre-coated metal boosts the growth of the functional coil coatings market.
Key Findings of the Functional Coil Coatings Market:
- Asia-Pacific and LAMEA segments in the backing coats functional coil coatings market are expected to witness significant growth rates at a CAGR of 6.1% and 5.0%, respectively, during the forecast period.
- The powder coating functional coil coating market is projected to reach $177.9 million by 2024.
- Europe functional coil coatings market accounted for around 28% of share in 2017.
- The UK functional coil coating market was valued at $8.2 million in 2017, and is projected to register a CAGR of 3.8% from 2018 to 2024.
Some of the key players in the functional coil coatings market include KCC paints SDN BHD, KelCoatings Limited, Daikin industries, Ltd., Henkel AG & Co. KGaA, NIPSEA group, BASF SE, Valspar Corporation, Axalta Coating Systems (Axalta), Akzo Nobel N.V., and PPG Industries.
Functional Coil Coatings market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Functional Coil Coatings market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Functional Coil Coatings market is segmented into:PrimerBack PaintTopcoatDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/61162/global-japan-functional-coil-coatings-2026-875Segment by Application, the Functional Coil Coatings market is segmented into:Resident BuildingIndustrial BuildingRegional and Country-level Analysis:The Functional Coil Coatings market is analysed and market size information is provided by regions (countries).The key regions covered in the Functional Coil Coatings market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Functional Coil Coatings Market Share Analysis:Functional Coil Coatings market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Functional Coil Coatings market during the historical period of 2014 – 2018.
The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2029, and key prospects over the forecast period 2019 – 2029.Request to View Sample of Report @ https://www.factmr.com/connectus/sample?flag=S_id=4460Functional coil coatings market is growing rapidly with a positive CAGR of ~ 5.4% through 2029, propelled by building & construction and automotive industries globally.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Functional Coil Coatings market, both at global and regional levels.
The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Functional Coil Coatings market.To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions.
The key regions comprise the following geographical segments:North AmericaLatin AmericaEuropeJapanAPEJMEAThe detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
The global functional coil coatings market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth.
Further, the functional coil coatings market report emphasizes the adoption pattern of the functional coil coatings across various industries.Functional coil coating market is predominantly driven by building & construction industry with around three-fourth of the global sales and is poised to create absolute $ opportunity of US$ 200 Mn by 2029.
Emerging economies like India, Indonesia, Brazil and China are expected to grow swiftly in the forecast period on the back of infrastructural development in the region.Functional coil coatings market is growing rapidly with a positive CAGR of ~ 5.4% through 2029, propelled by building & construction and automotive industries globally.
Polyester functional coil coating is widely used in coil coating formulation owing to the enhanced properties such as flexibility, scratch-resistance and cost effective coating solutions.
Moreover, focus of market actors towards economical production technology and expansion of production facilities is further going to stimulate the growth of global functional coil coatings market.
Demand for functional coil coating is anticipated to witness a spurt with the proliferation of sustainable coating solutions and increased consumption of PVDF based functional coil coating.
