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Coil Coatings Market Value to Hit $4.5 Billion by 2026, Says Global Market Insights, Inc.


News provided by

Global Market Insights, Inc.

Dec 19, 2019, 02:00 ET

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SELBYVILLE, Delaware, Dec. 19, 2019 /PRNewswire/ -- Global Coil Coatings Market revenue is projected to cross USD 4.5 billion by 2026, according to a new research report by Global Market Insights, Inc. Continuous upsurge construction industry will induce coil coatings demand in the projected time period.

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GMI
GMI

Rising adoption of home appliances owing to increasing urbanization, shifting consumer preferences and expanding middle class population will escalate the coil coatings industry growth. The homeowners are adopting more appliances with the connected home and changing lifestyle. Appliances such as washing machines, refrigerators, ovens, dishwashers etc. provide major contribution in the routine activities. Ongoing government initiatives to enhance the sustainability of the appliances will support the product demand. For instance, in October 2019, the European Union introduced strategic including eco-design to enhance the energy efficiency of the product groups including refrigerators, washing machines, electronic displays, dishwashers, light sources and other appliances.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/839

Based on type of coatings, the market is segmented into polyester based coatings, silicone modified polyester (SMP), PVDF coatings, PU coatings, plastisol coatings etc. Polyurethane coatings are generally tough, provide high resistance to chemicals and offers enhanced gloss cosmetic finishes. The construction industry is one of the major users of the polyurethane coatings as these prevent corrosion and providing durability. Further, these possess superior weather resistance properties thereby propelling the segment penetration.

Some major findings of the coil coatings market report include:

  • China to possess high growth potential with increasing manufacturing and construction activities
  • Technological advancements regarding anticorrosive primers and UV technology to fuel product demand
  • Storage and transportation constraints may hamper the industry proliferation
  • High industry rivalry due to the presence of many established players in the industry. Some major players are Akzo Nobel, Henkel AG & Co. KGaA., Nippon Paint Co. Ltd. etc.

Browse key industry insights spread across 140 pages with 150 market data tables & 11 figures & charts from the report, "Coil Coatings Market Share By Product, End User, Regional Outlook & Industry Forecast, 2019 – 2026" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/coil-coatings-market

Coil coatings have applications in multiple industries including automotive, construction, home appliances, packaging, and furniture. Construction industry is one of the key consumers of coil coatings. Emerging metallurgy technologies across the globe is inducing growth potential in the industry landscape. In 2018, there are USD 2.5 trillion worth of planned projects in the GCC. Saudi Arabia leads the industry within the region with planned construction projects of over USD 1 trillion followed by UAE with around USD 715 billion worth of planned projects.

In 2018, Asia Pacific led the coil coatings market size followed by Europe and North America respectively. The automotive industry and furniture industry are driving the product demand in the region. According to the China International Furniture Fair (CIFF), in 2018, the region accounted for over 40% furniture consumption. Further, presence of major exporting countries including Chine, Vietnam and Malaysia will support its dominance over the projected timeframe.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/839

Browse Related Reports:

Automotive Coatings Market is expected to hit $26.5 billion by 2024

Global market growth driven by increasing environmental concerns and changing consumer perceptions towards environmental sustainability along with changing consumer outlook towards owning personal vehicles and public transportation.      

Antimicrobial Coatings Market is set to cross $5.5 billion by 2025

Global market is expected to achieve considerable growth on account of growing product demand from medical industry because of rising number of hospitals & medical centers and changing consumer perceptions on sanitary conditions in hospitals and stringent government regulations in healthcare industry.

About Global Market Insights

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.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: +1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]   

SOURCE Global Market Insights, Inc.

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