Coil Coatings Market size in the construction sector is set achieve lucrative growth during the forecast period. Rising government spending in the construction industry for improving public infrastructure and facilities will fuel coil coatings industry size.
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Coil coatings are extensively used in construction industry as it offers aesthetic finish to metals and provide weather & corrosion resistance. The worldwide coil coatings industry is primarily driven by the rapid growth of the non-residential infrastructure (industrial sites, factories, commercial buildings, etc.). China, India, and Indonesia being some of the fastest developing economies across the globe are undergoing rapid industrialization and urbanization. In response to this fact, the rising end-use industries including automotive, construction, and appliances are generating heavy demand for coil coatings. According to Global Market Insights, Inc., “Coil Coatings market is estimated to witness a CAGR of 6% over the period of 2016-2024.”
Taking into account the product, coil coatings market is mainly segmented into polyvinylidene fluoride (PVDF), plastisols, polyester, polyurethane (PU), and silicone modified polyester. Polyvinylidene fluoride based coil coatings industry collected a revenue of more than USD 800 million in 2015 and will generate considerable revenue over the coming timeframe. It is extensively used for outdoor infrastructure, owing to its capability to resist corrosion and weather traits. Additionally, PVDF based coatings provide the appealing aesthetic look and superior quality glazes, which will boost the demand for PVDF based coil coatings across the globe.
Considering the regional landscape, Asia Pacific dominated the global coil coatings market revenue share in 2015 and will exhibit lucrative growth aspects over the coming timeframe of 2016 to 2024. The increasing urbanization and industrialization across this region will augment the industry growth noticeably. India, Japan, and China will the major revenue contributor.
Geographically, North America coil coatings market is witnessing a significant boost due to the uprising of non-residential construction industry post-recession. U.S. is the prominent region expanding the business, owing to the increasing demand for automobiles and appliances such as microwave ovens, dishwasher’s, refrigerators, dryers, and freezers across this region.
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The industry is quite consolidated with prominent players accounting for over 50% of the worldwide product demand in 2015. The market players will expand their business by adopting strategies such as vertical integration and expansion of sales and distribution channels globally. The Dow Chemical Company, Valspar Corporation, Akzo Nobel N.V, and BASF SE are the few notable participants in the coil coatings market.
Glimpse of Table of Content (ToC)
Chapter 3 Coil Coatings Industry Insights
3.1 Coil coatings industry segmentation
3.2 Coil coatings industry size and forecast, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Vendox matrix
3.4 Coil coatings industry impact forces
3.4.1 Growth drivers
18.104.22.168 Robust growth in non-residential construction globally
22.214.171.124 Increasing product demand in Asia Pacific
3.4.2 Industry pitfalls and challenges
126.96.36.199 Decreasing product demand in Europe
3.5 Growth potential analysis
3.5.1 New business models
3.5.2 Potential customers
3.6 Porter’s analysis
3.7 Company market share analysis, 2015
3.7.1 Strategic landscape
3.8 PESTEL analysis
3.9 Coil coating price trend analysis
3.9.1 Cost structure
3.9.2 Raw material analysis
3.10 Regulatory landscape
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