The technical coil coating market involves applying a coating material to a metal strip through a continuous process. This process includes chemical pre-treatment of the metal surface on one or both sides. Technical coil coatings are utilized across various industries, including construction, transportation, and furniture.
According to the report, the global market for technical coil coatings is projected to exceed USD 13.0 billion by the end of 2027. The Asia-Pacific excluding Japan (APEJ) and Middle East & Africa (MEA) regions are expected to hold significant market potential in the global technical coil coating market. Manufacturers are anticipated to introduce several new technologies, such as water-based products, e-coatings, and UV primers. These radiation-curable paint systems are expected to attract widespread interest and generate substantial profits for businesses.
Get Ahead with Our Report: Request Your Sample Now!
https://www.futuremarketinsights.com/reports/sample/rep-gb-5978
Global Technical Coil Coatings Market: Drivers
An exceptional increase in the demand for corrosion free products has helped further the revenue growth of the global technical coil coatings market. The rise in demand for high-quality products to be used in the manufacturing of various consumer durable goods as well as in the electricity and power sector is being witnessed. People are also demanding more of finished goods for domestic as well as commercial use.
There is also an increase in investments in the coatings market. All these factors have highly contributed to the growth of the global technical coil coatings market. Companies are even increasing local manufacturing to strengthen their presence in the regional market. Most of the companies enter the market with support from local suppliers. These companies later strengthen their presence by strategically acquiring local partners/suppliers in the region.
Global Technical Coil Coatings Market: Segmental Analysis
- Among the various regional markets, Asia Pacific Excluding Japan is expected to witness the fastest growth. The region is also anticipated to hold the largest market share with a valuation of over US$ 700 Million by the end of 2027
- In terms of product type, both top coats and primers are expected to turn out to be the most attractive segments with the fastest growth rate during the forecast period
- On the basis of material type, polyester is the dominating segment in the global market, with an estimated market share of over US$ 1,600 Million by the end of 2027
- Based on application, steel is the dominant segment with a projected market value of over US$ 1,700 Million by the end of 2027. The steel market is expected to grow at a CAGR of 4.8% during the forecast period
- On the basis of end user, the body panel segment is likely to hold maximum market value share and growth rate during the forecast period
Request a Complete TOC of this Report with figures!
https://www.futuremarketinsights.com/toc/rep-gb-5978
Global Technical Coil Coatings Market: Competitive Analysis
According to the research report, the top four players/manufacturers account for around 30% – 33% of the overall market share. The report comprises a brief profile of all the major players in the industry. These profiles depict the current and future strategies of all the businesses involved in this market. The research also lists the top five players in the global technical coil coatings market – Akzo Nobel N.V., Beckers Group, Axalta Coating Systems Ltd, PPG, Industries Inc. and The Valspar Corporation. Some of the other players profiled in this report include Nipsea Group, Kansai Paint Co., Henkel AG & Co. KGaA, The Chemours Company, and Axalta Coating Systems Ltd.
Drive Your Business Growth Strategy: Purchase the Report for Key Insights!
https://www.futuremarketinsights.com/checkout/5978
Market Segmentation:
By Material Type
- Polyester
- Epoxy
- PVC/Vinyl
- Plastisols
- Acrylic
- Polyurethane
- PVDF
- Silicone
By Product Type
- Topcoats
- Primers
- Backing Coats
- Others
By Technology
- Liquid Coating
- Water Borne
- Solvent Based
- Powder Coating
By End Use
- Transportation
- Consumer Durable Goods
- HVAC
- Metal Furniture
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube