Coil Coating Market Sales - Industry Insights and Trends till 2023

1. Impact of COVID-19 on Coil Coating Market Sales o Record Significant Revenue Growth During the Forecasts to 2023 The ​coil coatings market​ features a fairly fragmented landscape as the top four players accounted for a combined share of 56% of the market in 2014, finds Transparency Market Research (TMR). These leading companies are Beckers Group, PPG Industries, Inc., Valspar, and Sherwin Williams. The market demonstrates a relatively high degree of competition. With the acquisition of Valspar by the Sherwin-Williams Company in 2017, the competition is likely to intensify in the coming years, observes TMR. The acquisition will enable Sherwin Williams, a company majoring in paints solutions, to capitalize on the worldwide presence of Valspar. This is anticipated to open up lucrative growth avenues in various regions, particularly in emerging markets of Asia Pacific and the Middle East and Africa. Several leading players are manufacturing high-performance coil coatings that also help end users meet a variety of purposes. Furthermore, top manufacturers of coil coatings are actively developing their distribution channels in a move to consolidate their presence. Rising at a CAGR of 5.20% from 2015 to 2023, the opportunities in the coil coatings market is expected to reach US$6.3 bn by the end of the forecast period. The market was valued at US$4.0 bn in 2014. Request for Report Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3344

2. Burgeoning Construction Activities in Asia Pacific to Boost Consumption Regionally, the coil coatings market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa (MEA). Of these, the Asia Pacific market held the leading share and is projected to attain a share of 44.2% by the end of 2023. The growth of the market is driven by the rapidly growing construction activities, particular those of non-residential buildings, in several key economies in the region. Based on product, the market is segmented into polyurethane coatings, polyester coatings, plastisol coatings, silicone modified polyester coatings, polyvinylidene fluoride coatings, plastisol epoxides, and acrylics. Of these, the polyester coil coatings segment contributed the major share in 2014, in terms of aggregate demand, attributed to their versatility and high-performance. The segment is projected to reach a share of 64.2% by the forecast period. Explore Transparency Market Research’S Award-Winning Coverage of the Global Industry @ https://www.prnewswire.co.uk/news-releases/plastic-antioxidants-market-to-reach-us-1-4 -bn-by-2027-massive-growth-potential-and-robust-cagr-aids-the-influx-of-new-players-in- global-market-tmr-822002147.html Multi-purpose Coil Coating Solutions in Construction Sector to Bolster Uptake The growth of the coil coatings market is primarily driven by the rising number of construction activities world over in the residential as well as non-residential sectors. The rapid pace of urbanization in a number of advanced and emerging nations such as the U.S., China, India, Mexico, Indonesia, Brazil, and Turkey has accelerated the construction of new buildings, thereby boosting the demand for coil coatings. Compared to other coating options and alternative substrates, the use of coil coatings is stimulated by the several benefits they offer in the metal fabrication process. Coil coatings are characterized by being corrosion- and abrasion- resistant and are thermally reflective. In addition, some high-end coating coils possess antibacterial and self-cleaning properties. Furthermore, coil coatings are extensively used in metals to impart aesthetic finishes to metals used on roofs, and walls, thereby boosting the market. However, the marked stagnation of various industries in several European nations is expected to negatively impact the coil coatings market to some extent. Nevertheless, the advent of innovative coil coatings, such as bio-based coating solutions, and its demand in the construction of buildings is expected to open up exciting opportunities for manufacturers. Furthermore, coil coatings are witnessing a variety of emerging applications in industries such as automotive, consumer appliances, and packaging. This is anticipated to accentuate the market in the coming years.

3. Request for Covid-19 Impact Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=3344 About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Transparency Market Research, 90 State Street, Suite 700, Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email​: ​sales@transparencymarketresearch.com Website​: ​https://www.transparencymarketresearch.com