The coil coatings market is set to grow at a 5% CAGR from 2021-2026, driven by construction industry expansion and technological advancements.
The latest report by IMARC Group, titled “Coil Coatings Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, finds that the global coil coatings market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global coil coatings market to grow at a CAGR of around 5% during 2021-2026. Coil coating refers to the method of coating and painting metal coils, such as aluminum and steel, prior to fabrication. These coatings are applied on all sides of the metal to provide a smooth finish, improved aesthetics, longer shelf life, and superior weathering and corrosion resistance. As a result, they are widely used in metal roofing and siding, wall panels, windows, storage units and doors.
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Global Coil Coatings Market Trends:
The global coil coatings market is primarily driven by the expanding construction industry due to the growing population, rapid urbanization and emerging trend of green buildings. Additionally, several organizations like European Coil Coating Association (ECCA) are taking initiatives to create awareness regarding the sustainability of coil coatings, thereby contributing to the market growth. Furthermore, the escalating demand for high-efficiency packaging materials for storage and transportation applications has accelerated the product adoption rates on account of their flexibility and stress-resistant properties. Other factors, including technological advancements and increasing product applications in the electronics sector, are also anticipated to create a favorable market outlook.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Breakup by Type:
Breakup by Application:
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Key highlights of the Report:
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The article discusses the trends, growth, and forecast of the global coil coatings market from 2021 to 2026.
How does the construction industry impact the coil coatings market?
What are the key drivers for the coil coatings market growth?
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