New York, Global Functional Coil Coatings Market report from Global Insight Services is the single authoritative source of intelligence on Functional Coil Coatings Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. 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.
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Functional coil coatings are coatings that provide a specific function beyond just protecting the metal substrate. The most common functional coil coatings are those that provide a barrier to water and moisture, but there are also coatings that provide abrasion resistance, anti-microbial protection, and even electrical conductivity. Functional coil coatings are typically applied in a very thin layer, often just a few microns thick, and they need to be applied very evenly to be effective.
Key Players
The global functional coil coatings market includes players such as Akzo Nobel N.V., JK Coil Coating Pvt. Ltd., Jotun Group, Dura Coat Products Inc., Noroo Coil Coatings, Titan Coatings Inc., Eastman Chemical Company, Modine Manufacturing Inc., Chemetall Group, Alcea, and others.
Key Drivers
Functional coil coatings are coatings that are applied to metal coils in order to improve the coils’ performance and extend their lifespan. The most common types of functional coil coatings are anti-corrosion coatings, UV-resistant coatings, and thermal barrier coatings.
The most important drivers of the functional coil coatings market are the growing demand for steel in the construction and automotive industries, the need to protect steel coils from corrosion and other environmental factors, and the increasing awareness of the benefits of coil coating.
Other important drivers include the development of new coil coating technologies and the expansion of coil coating capacity in emerging markets.
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Market Segments
The functional coil coatings market is segmented by type, application, end-user, and region. By type, the market is classified into top coat, primer, backing coat, and others. Based on application, it is bifurcated into steel coatings, and aluminum coatings. On the basis of end-user, it is divided into construction, transportation, metal furniture, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
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Key Trends
There are several key trends in functional coil coatings technology.
One is the development of new formulations that provide better performance in terms of corrosion resistance, UV resistance, and other properties.
Another trend is the use of more sophisticated application methods, such as roll coating, that provide more uniform coverage and better performance.
Finally, there is a trend toward more environmentally friendly formulations that use fewer VOCs (volatile organic compounds) and other toxic chemicals.
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