New York, According to a new market research report published by Global Insight Services “Technical Coil Coatings Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Technical coil coatings are high-performance coatings that are applied to metal coils in a continuous process prior to fabrication. These coatings provide superior corrosion protection, abrasion resistance, and adhesion to the substrate, and can be custom formulated to meet the specific needs of the customer. Technical coil coatings are typically used in applications where superior performance is required, such as in the automotive, construction, and appliance industries.
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Key Trends
The major drivers for this market are the growing construction industry, rising demand for appliances, and the growing automotive industry.
The rising demand for appliances is expected to drive the growth of the technical coil coatings market as these coatings are used in a variety of appliances such as refrigerators, air conditioners, and washing machines. The growing automotive industry is also expected to boost the demand for technical coil coatings as these coatings are used in a variety of automotive applications such as engine parts, body panels, and exhaust systems.
The major restraint for the technical coil coatings market is the stringent environmental regulations. These regulations are imposed by various governments across the globe to control the emissions of volatile organic compounds (VOCs) from the coil coating process. This is expected to hamper the growth of the technical coil coatings market during the forecast period.
Key Drivers
The major factors driving the growth of this market are the increasing demand for technical coil coatings from the construction industry, the growing automotive industry, and the rising preference for technical coil coatings over conventional coatings. Technical coil coatings offer various benefits such as excellent corrosion resistance, long-lasting durability, and high-quality finishes. These coatings are also environment-friendly and have low volatile organic compound (VOC) content, which makes them an ideal choice for various applications.
Market Segments
The technical coil coatings market report is bifurcated on the basis of material type, product type, technology, end use, and region. On the basis of material type, it is segmented into polyester, epoxy, PVC/vinyl, and others. Based on product type, it is analyzed across topcoats, primers, backing coats, and others. By technology, it is categorized into liquid coating, water borne, solvent-based, and others. By end use, it is divided into transportation, HVAC, metal furniture, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Players
The technical coil coatings market report includes players such as Becker Group, ALCEA, Dura Coat Products, Inc., Italcoat S.r.l., Huhoco GmbH, Unichem, Jotun Group, Titan Coatings, Inc., Chemetall Group, and Akzo Nobel N.V.
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Reasons to buy Technical Coil Coatings Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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