According to a new market report published by
Lucintel, the future of the global coil coatings market looks good with opportunities
in building and construction, appliance, automotive, and other sectors. The
global coil coatings market is expected to reach an estimated $5.14 billion by
2021 and is forecast to grow at a CAGR of 4.4% from 2016 to 2021. The major
growth drivers for this market are growing demand for coil coated metals in end
use industries like building and construction, appliance, automotive, and
others.
In this market, building and construction,
automotive, and appliance are the major end use industries of coil coatings. On
the basis of its comprehensive research, Lucintel forecasts that the building and
construction end use segment is expected to show above average growth during
the forecast period.
Within the global coil coatings market, the building
and construction end use segment is expected to remain the largest market. Economic
development in the developing countries of Asia Pacific, particularly China and
India, has presented sound opportunities for coil coatings in the building and construction
industry, which would spur growth for this segment over the forecast period.
The polyester segment is expected to remain
the largest market by resin type because it provides superior corrosion
resistance to the coated material in almost all conditions. Therefore, its
demand is increasing significantly across a number of coil coating applications.
By application type, steel is expected to remain the largest segment, as it is
widely used in the building and construction industry.
Asia Pacific is expected to remain the largest
region due to growth of end use industries, such as construction, automotive,
and appliance industries. Asia Pacific is expected to witness above average
growth over the forecast period due to higher economic growth and increasing
investment in infrastructure in China and India.
For business expansion, Lucintel’s report
suggests innovations and new product development, to develop bio-source and high
solid coatings that consume less energy. The report further suggests the
development of partnerships to create win-win situations and the development of
low-cost solutions for end users.
Emerging
trends, which have a direct impact on the dynamics of the market, include silver
replacing white color in pre-painted metals and chrome free coil coatings for
aluminum. Akzo Nobel N.V., The Valspar Corporation, Beckers, PPG Industries,
and BASF are among the major suppliers of coil coatings.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global coil coatings market by end use industry type, resin type, application
type, and region, and has come up with a comprehensive research report entitled,
“Growth
Opportunities for the Global Coil Coatings Market 2016-2021: Trends, Forecast,
and Opportunity Analysis.” The
Lucintel report serves as a springboard for growth strategy, as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the growth opportunities in the global coil
coatings market by end use industry type, resin type, application type, and
region, as follows:
By end use industry type [Volume (Thousand
Tons) and $ Billion Shipment from 2010 to 2021]:
·
Building & Construction
·
Automotive
·
Appliance
·
Others
By resin type [Volume (Thousand Tons) and $
Billion Shipment from 2010 to 2021]:
·
Polyester
·
Fluoropolymer
·
Siliconized Polyester
·
Plastisol
·
Other
By application type [Volume (Thousand Tons)
and $ Billion Shipment from 2010 to 2021]:
·
Steel
·
Aluminum
By region [Volume (Thousand Tons) and $ Billion Shipment
from 2010 to 2021]:
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
This 140-page research report will
enable you to make confident business decisions in this globally competitive
marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or helpdesk@lucintel.com.
Lucintel offerings include Chemical
Market Research Reports, Chemical
Industry Analysis Report, SWOT Matrix, Due Diligence and Mergers &
Acquisitions.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q.1. What are some of the
most promising, high-growth opportunities for the coil coatings market by end use industry type (Building &
construction, Automotive, Appliance, and others), resin type(Polyester, Fluoropolymer,
Siliconized Polyester, Plastisol, and others) application type(Steel and Aluminum)
and region(North America, Europe, Asia Pacific, and Rest of the World)?
Q.2. Which product segments will grow at a
faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6.
What are emerging trends in this
market and reasons behind them?
Q.7.
What are some changing demands of
customers in the market?
Q.8. What are the new developments in the market?
Which companies are leading these developments?
Q.9. Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10. What are some of the competitive products and
processes in this area and how big of a threat do they pose for loss of market
share via materials / product substitution?
Q.11.
What M & A activity has transpired
in the last 5 years in this market and what has its impact been on the
industry?
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