New York, United States, Mon, 31 Jul 2023 06:37:37 / Comserve Inc. / -- Research Nester published a report titled “Coil Coatings Market: Global Demand Analysis & Opportunity Outlook 2033”
Research Nester published a report titled “Coil Coatings Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global coil coatings market in terms of market segmentation by resin type, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global coil coatings market is estimated to grow with a CAGR of ~9% over the forecast period, i.e., 2023 - 2033. The market is segmented by end-user into building & construction, industrial & domestic appliances, consumer durable goods, furniture, automotive, HVAC, and others. Amongst these, the automotive segment is anticipated to grow at the highest rate during the forecast period owing to the significant rise in the usage of coil coatings in automotive sector, and dynamic growth in the manufacturing of passenger cars.
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The global coil coatings market is projected to extensively grow owing to the global increase in construction sector, followed by the significant growth in automotive industry as rising trend of automation, digitization, and innovative business model have completely transformed this industry. Furthermore, escalating usage of steel, alloy, and metals, and global upsurge in chemical industry are some of the major factors anticipated to drive the growth of the market in the forecast period.
Regionally, the global coil coatings market is segmented into five major regions comprising of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the North America region is estimated to witness significant growth over the forecast period owing to the rapidly growing construction sector, and massive usage of coil coatings in the production of furniture goods in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Global Expansion in Coating Industry to Drive the Market Growth
The value of the global paint and coating industry was projected to reach at USD 155 billion in 2020.
The demand for coil coatings is being driven by industrialization and the expanding use of coatings in a variety of sectors to paint or coat goods. Corrosion-resistant coatings, low- and high-temperature coatings, and other coating products with a focus on commercial uses are all types of high-performance coatings. Therefore, escalating demand of high-performance coatings is driving the growth of the global coil coatings market.
However, complications in transportation and storage of coil coatings, mounting demand for lightweight materials in automotive sector, and growing amount of raw materials of coil coatings are expected to operate as key restraint to the growth of global coil coatings market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global coil coatings market which includes company profiling of Nippon Paint Holdings Co., Ltd., Axalta Coating Systems, LLC, Goldin Metals, Inc., Northern Coatings and Chemical Co., DuPont de Nemours, Inc., PPG Industries, Inc., Henkel AG & Co. KGaA, Akzo Nobel N.V., Kansai Paint Co., Ltd., Eastman Chemical Company, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global coil coatings market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
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