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Allied Market Research (AMR) has published a new report on Functional Coil Coatings Market, the global market size was valued at $368.5 million in 2017 and is likely to reach at $509 million by 2024 at a CAGR of 4.8%. t<br><br>Porteru2019s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building. Functional Coil Coating market forecast is provided by considering historical market trends and impact of technological momentum on the market.The report outlines the current trends and future scenario of the Functional Coil Coating Market size from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
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The global Functional Coil Coating Market was valued at $651.0 million in 2017, and is projected to reach $948.8 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025.Functional coil coating is a chemical pre-treatment of the metal surface on either one side or both sides. Functional coil coating are known as backing coat or back coat which either applied on one of both side of metal. These coatings are made of polyester, silicone-modified polyester, polyurethane, polyvinylidene difluoride (PVDF), and plastisols. Functional coil-coated metal possesses properties such as design flexibility, enhanced resistance to corrosion & weathering, and abundant availability of color & and textures. These properties make them an ideal choice for the manufacturing of metal roofs, wall panels, storage units, and garage doors to increase the durability of the infrastructure. Get Sample Report Functional Coil Coating Market
The growth of this market is majorly driven by development of the construction and automotive industries in developing economies like India and China. Moreover, functional coil-coated metal is used widely in the furniture industry, due to its design flexibility and enhanced corrosion resistance, which boosts its demand across the globe. Global Functional Coil Coating Market trends are analyzed based on consumption pattern across various geographies. Furthermore, increase in disposable income of consumers and improvement in standard of living fuel the demand for modern furniture, which in turn is expected to escalate the need for functional coil-coated metals. Moreover, use of these metals enhances the design and aesthetics of home appliances and enables manufacturers for texture customization. Functional Coil Coating Market Growth
Based on region, Asia-Pacific dominated the global market and accounted for major share in the global Functional Coil Coating Market, owing to increase in usage of functional coil coatings in the construction and automotive industries. Functional coil coating market size in the Asia- Pacific is expected to growth due to presence established end user industries in this region. In addition, upsurge in expenditure power of consumers and improvement in standard of living fuel the demand for modern furniture. Functional coil-coated metals are widely used in the furniture industry, owing to the design flexibility and enhanced corrosion resistance of pre-coated metals. The major key players operating in the this market includes Akzo Nobel N.V., Axalta Coatings Systems, BASF SE, Eastman Chemical Company, Kansai Paint Co., Ltd., KelCoatings Ltd., Nippon Paints Holdings Co. Ltd., PPG Industries Inc. Functional Coil Coating Market by Region
Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building. • Functional Coil Coating market forecast is provided by considering historical market trends and impact of technological momentum on the market • The report outlines the current trends and future scenario of the Functional Coil Coating Market size from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets. • Major countries in the region have been mapped according to their individual revenue contribution to the regional market. • Functional Coil Coating Market analysis includes various parameters such as macro and micro economic analysis of various geographies • The key drivers, restraints, and Functional Coil Coating Market opportunities and their detailed impact analyses are elucidated in the study. • The profiles of key players along with their key strategic developments are enlisted in the report. Key Benefits for Functional Coil Coating Market
Functional Coil Coating Market by Material (Acrylic, Epoxy Resins, Plastisol, Polyvinylidene Fluoride, Polyester, Polyurethane, and PVC/Vinyl), Technology (Liquid Coating and Power Coating), and End User (Construction, Appliances, Automobile Industry, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025 Functional Coil Coating Market