Industry News

Coil Coatings Market Estimated to Reach USD 6,410.44 Million by 2019: M&M

Published on 2014-10-16. Author : SpecialChem

The report "Coil Coatings Market by Type (Polyester, Fluropolymer, Siliconized Polyester, Plastisol, and Others), by Application (Steel & Aluminum), and by End User Industry (Building & Construction, Appliances, Automotive, and Others) - Global Forecast to 2019" report analyzes the global coil coatings market with respect to market drivers, opportunities, and trends in different regions. The current market value of the global coil coatings market (2013) is about USD4,449.02 million and is estimated to reach USD6,410.44 million by 2019, at a CAGR of 6.30% between 2014 and 2019.

The global coil coatings market is significantly penetrating in their end-user industries. The characteristics of the end products differ as per the requirement of end- user industries and for different applications. The Asia-Pacific region is the fastest growing segment of the global coil coating market and is mainly attributed to high economic growth rate followed by heavy investment across end user industries such as building and construction, appliance, automotive, and others. The Asia-Pacific and RoW markets are estimated to show a rising growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions.

R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of coil coatings and match the new demands coming from various types of applications.

Asia-Pacific is the largest market, both in terms of volume and value, followed by Europe. China, Japan, U.S., Turkey, India, Brazil, and Russia are expected to persist as successful coil coating markets. The key players in the coil coatings market are Akzonobel N.V. (Amsterdam, Netherlands), PPG Industries Inc. (U.S.), and The Valspar Corporation (U.S.). Some of the other companies operating in the global market include BASF SE (Ludwigshafen, Germany), DuPont (U.S.), Henkel AG & Company (Dusseldorf, Germany), Kansai Paint Chemical Limited (Osaka, Japan), The Beckers Group (Berlin, Germany), The Sherwin-Williams Company (U.S.), and Wacker Chemie AG (Munich, Germany).

The Eastern and Central European nations, emerging South-East Asian, and Latin American nations that will host the future global events would supplement the growth of coil coatings in different applications. Governmental regulations and proposals for improvement of infrastructure, and the rising housing market in emerging economies will drive the coil coatings market.

The coil coatings demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.

The current market value of the global coil coatings market (2013) is about $4,449.02 million and is estimated to reach $6,410.44 million by 2019, at a CAGR of 6.30% between 2014 and 2019. The high demand across the end user industries, such as building and construction, appliance, automotive, and others will increase the overall coil coatings consumption.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. It publishes strategically analyzed market research reports and serves as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

Source: MarketsandMarkets

The Chemicals Sales & Marketing Toolbox
Back to Top