NEW YORK, May 31, 2016 /PRNewswire/ -- Coatings are generally classified by the type of binders used. Binders are a polymeric material which gives structure to the paint. These are some of the most widely used binders for coil coatings. Major types of polymers used for coil coatings paints are polyester, fluoropolymers, siliconized polyester and Plastisol. Being the most widely used binders for the coil coatings, polyesters allow for several modifications in the chemistry to be made which can affect the final end application.
Coil coatings are applied on aluminium and steel. When using steel, most pre-painted metal also uses a metallic coating on the steel to improve corrosion resistance. Coil coating has become one of the primary processes for applying protective and decorative finishes on aluminium sheets. Steel applications had a major market with xx % share in the total coil coatings market.
In APAC, coil coatings market had generated $ xx m revenue in the global coil coatings market in 2014. It is estimated to reach $xx m by 2020 with a CAGR of xx % during the forecast period 2015-2020. Europe had the second major coil coatings market among all the regions and is estimated to increase its market with a growing CAGR of xx % during the forecast period.
The increased demand form automotive industry and the functional benefits of the coil coatings are some of the driving factors for this market. In APAC, demand from industrial sector such as automotive, construction and others drive the coil coatings market.
In the above chart, the market share for each segment has been shown for 2014. Polyester type is the majorly used resin in coil coatings and had generated revenue of $XXm followed by plastisol which had generated $XXm.
Coil coating plays a vital role in durability of the components used in any appliances such as refrigerators, washing machine, air-conditioners and others. In construction, coil coatings are done to both interior and exterior construction applications. Some of the applications, coil coating being employed in are storage units, interiors, entry and exit door and many others. Construction application is the major end user industry followed by the transportation industry.
Read the full report: http://www.reportlinker.com/p03759129-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: firstname.lastname@example.org
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/coil-coatings-market-analysis-by-type-polyester-polyurethane-polyvinylidene-fluoride-plastisol-and-others-by-application-aluminum-and-steel-by-end-user-building-appliance-automotive-furniture-and-others-by-region---300277323.html