HYDERABAD, India and MINNEAPOLIS, March 10, 2016 /PRNewswire/ --
According to the market report "Coil Coatings Market 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 - Forecast (2015-2020)", published by IndustryARC, the coil coatings market is estimated to reach $5.5 Billion by 2020 at a high CAGR.
Browse - 39 Market Tables, 41 Figures spread through 140 Pages and an in-depth TOC on "Coil Coatings Market"
Coatings are generally classified by the type of binders used, which are a polymeric material and gives structure to the paint. Coil coatings have impacted the construction and automobile industry tremendously as they are highly useful for enhancing the sheet life and its usage and aesthetic value. These sheets are being utilized in various industries ranging from aerospace, transport equipment, automotive, factory automation to commercial infrastructure. Major types of polymers used for coil coatings paints are polyester, polyurethane, Polyvinylidene fluoride and Plastisol and others. By application this market is categorized by steel and aluminum.
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, where coil coating are being utilized are storage units, interiors, entry and exit door and many others. Construction application is the major end user industry followed by the transportation industry currently.
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The Market in 2015 was $4.1 Billion and is dominated by APAC, which is poised to exhibit the fastest growth due to favorable macroeconomic conditions and financial conditions like increasing FDI investments. In APAC, China and India are the growth frontiers for the coil coatings market owing to the growing demand from industrial sector such as automotive, construction and others. The rising population in the Asia region has triggered the need of building materials and infrastructure that is one of the key drivers for the coil coatings market. Vietnam and Indonesia are the key spot markets for the coil coatings sales as these regions have relatively lower shares of advanced manufacturing and also higher contribution from the domestic demand in the economic growth. Other major market includes Europe and North America, which accounted for a significant market share. The coil coatings market in the Europe is anticipated to grow at a CAGR of 3.0% during the forecast period 2015 to 2020.
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The number of manufacturers across the world for coil coatings has increased manifold. These manufacturers are actively investing in scaling up its position in the market and are able to attract profitable deals. Some of the major players are AkzoNobel Coatings Inc., BASF SE, PPG Industries, Inc., The Valspar Corporation and Beckers Specialty Corporation. Major firms spent huge amounts of money in the development of efficient technologies and at the same time, new firms are coming up with cutting-edge technological innovations, resulting in tremendous increase in the degree of competition. Consequently, product launches, mergers and acquisitions and partnerships by companies, universities as well as individual researches has been frequenting the coil coatings market headlines.
The overall coil coatings market is characterized by large number of companies but top three players account for 63% market share due to the wide distribution network and brand reputation. Coil coating has gained popularity as the most efficient, cost-effective and environmental friendly painting, which can be employed on a large-scale. Furthermore, this industry has been active in removing hazardous solvents, which is one of the favorable factors in enticing the end-product manufacturers. With the escalating image of coil coating as an efficient and convenient process, the adoption of this process is set to witness rapid growth in the coming years. There are different policies, which the government has initiated to drive the growth in infrastructure investments, which is a major end user for the coil coating industry. The market is highly competitive with price retaliation a major deterrent to potential entrants. The brands of leading companies such as AkzoNobel Coatings Inc., BASF SE, PPG Industries, Inc. and The Valspar Corporation are widely known and are preferred among consumers. The growing focus on energy usage reduction in the coil coating industry in order to reduce CO2 emissions will hinder the ability of new entrants to gain a competitive foothold quickly in the market. The highly competitive nature of the coil coatings market along with the possibility of price retaliation lowers the threat of new entrants. On the basis of these factors, threat of new entrants is moderate.
The Coil Coating Market Report is a comprehensive study of the market for different types, applications and geography.
The Market has been analyzed by the following End User Areas:
Following Key Players were also covered as part of the Market Landscape Analysis:
- AkzoNobel N.V.
- BASF SE
- Henkel Ag & Co.
- PPG Industries Inc.
- The Valspar corporation
The Market has also been analyzed for Four Geographic Regions, which include North America, APAC, Europe and Rest of the World.
- North America - U.S., Canada, Mexico
- Europe - Germany, France. U.K. & Others
- Asia - China, India, Japan & Others
- Rest of the World - South America, Middle East & America
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