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Technical Coil coatings market

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Technical Coil coatings market

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  1. Coherent Market Insight Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker

  2. TECHNICAL COIL COATINGS MARKET ANALYSIS • Technical Coil Coatings Market, by Material (Polyester, Plastisol, PVDF, Silicon, and Others), by Technology (Liquid Coating and Powder Coating), by Product Type (Topcoat, Primer, Backing Coat, and Others), by End-use Industry (Construction, Automotive, Furniture, and Others), and by Geography - Global Trends, and Forecast till 2025 • Technical coil coatings refers to a process in which the material used for coating is applied on a metal strip. This process involves chemical pre-treatment of the metal surface on one side or both the sides. It has application in various industries such as automotive, construction and others.

  3. Polyester was the dominant segment in the technical coil coatings market in 2016 and is expected to continue its dominance over the forecast period with a CAGR of 5.22%. This is owing to its properties such as resistance to UV light and providing barrier coat to prevent corrosion of the substrate. Polyester can be modified as per requirement and applications, hence, proves to be a viable choice. For instance, polyester are used for roof and wall cladding on buildings. Manufacturers are focusing on developing eco-friendly products, which is further gaining traction and thereby driving growth of this market at a global level. For instance, in 2013, Evonik Industries developed a range of polyester resins for primers and top coats, which the company markets under DYNAPOL brand and is based on renewable raw materials.

  4. Powder coatings are used for protective and decorative finishes and have application in industries such as automotive, architecture, furniture, and appliances. Powder coatings are corrosion, weather, and chemical resistant and are also chipping and scratch resistant, and other such wears. Moreover, it is cheaper than liquid coatings, owing to lower power consumption, reduced disposal cost, and low material cost making it a cost-efficient choice. Liquid coil coatings are applicable in both primer and top coat and is used for imprints, attractive surface finishes, gloss grades and others, offering resistance against environments, scratch resistance, and high flexibility. • Asia Pacific dominated the technical coil coatings market in 2016 with a revenue of US$ 1978.9 million and is expected to continue its dominance over the forecast period. This is attributed to growth of automotive and construction industries in the region. According to International Trade Administration (ITA), China is the world’s largest construction market and was valued at US$ 717.71 billion in 2016 and is estimated to reach US$ 1,042.17 billion in 2021.

  5. Global Technical Coil Coatings Market Share, By End-use Industry, 2016

  6. Construction sector was the largest market for technical coil coatings with a market share of 65.31% in 2016. This is owing to growth of the construction sector in emerging economies of Asia Pacific, further contributing to growth of this market. According to the Department of Industrial Policy and Promotion (DIPP), the Foreign Direct Investment in construction development sector in India from 2000 to 2017 was US$ 24.3 billion. Moreover, furniture segment is also expected to exhibit growth over the forecast period. • The major players operating in the global technical coil coatings market include PPG Industries Inc., BASF S.E., Akzo Nobel N.V., The Valspar Corporation, DowDuPont Inc., The Sherwin-Williams Company, Backers Group, and Kansai Nerolac Paints Limited.

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  8. About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  9. Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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