Title: Coil Coatings Market to grow at over 6% CAGR from 2017 to 2024
1Research report explores the global coil coatings
industry
2Global Market Scenario of Coil Coatings industry
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- Coil Coatings Market has established a strong
presence with its distribution and sales channels
reaching every nook across the globe. A sturdy
distribution channel and network ensures two
important success factors good client service
and ample availability of the product. - The key players of coil coatings industry are
widely adopting these practices to hold a firm
position and compete with emerging participants.
The notable participants such as The Dow Chemical
Company, The Valspar Corporation, AkzoNobel N.V.,
Nippon Paint Co. Ltd., and BASF SE are vertically
integrated. - This integration allows these players to maximize
the products value at a competitive cost which
will lead to a vigorous competitive scenario in
coil coatings industry over the years to come.
3Continue.....
- Robust growth in the end-use industry of Asia
Pacific region will upsurge coil coatings market.
The rising product demand particularly in India,
China, and Japan is likely to dominate the
overall revenue generation of the region. - Escalating construction industry and rapid
industrialization in this region will be the key
driving factors for the growth of coil coatings
market. - The major industry giants like AkzoNobel, The
Valspar Corporation, and PPG Industries, Inc.,
are putting in extra efforts for development in
Asia Pacific region to maximize profits and cope
up with rising product demand. - Coil coatings are extensively used in
construction industry as it offers aesthetic
finish to metals and provide weather corrosion
resistance.
4U.S Coil Coatings Market size, by end-user,
2013-2024 (USD Million)
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6360 Analysis
Coil Coatings Market, By Product Polyester coil
coatings market share is projected to expand at
over 6 CAGR over the forecast timeframe.
Polyester is one of the most widely used product
in the industry as it offers excellent corrosion
and weather resistance to the coated material in
most conditions. Additionally, polyester is one
of the low-priced product owing to elevate the
industry growth by 2024. Regional
Analysis North America, mainly led by the U.S.
coil coatings market size generated revenue more
than USD 900 million in 2015. The upcoming
non-residential construction industry post
economic downturn has significantly increased
product demand in the region. The region is one
the most prominent user of automobiles and
appliances including dishwashers, refrigerators,
freezers, microwave ovens and dryers. These
appliances essentially require coil coatings
owing to boost regional industry. Competitive
Market Share Global coil coatings market share
is consolidated, with key players accounting for
more than 50 of the total consumption in 2015.
Key players of the industry including BASF SE,
The Dow Chemical Company, The Valspar
Corporation, and Akzo Nobel N.V. are vertically
integrated.
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