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Coil Coating Market Size to Reach US$ 10.2 Bn by 2031

03-07-2024 04:38 AM CET | Chemicals & Materials

Press release from: Transparency Market Research

The global coil coating market has witnessed substantial growth in recent years and is poised to continue its upward trajectory from 2023 to 2031. Coil coating, a highly efficient and cost-effective process, involves the application of a coating material to a metal strip in a continuous and automated manner before fabrication. This process enhances the durability, corrosion resistance, and aesthetic appeal of metal products, catering to a wide range of industries including construction, automotive, and appliances.

๐†๐ž๐ญ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ (๐”๐ฌ๐ž ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ž ๐Œ๐š๐ข๐ฅ ๐ˆ๐ ๐Ÿ๐จ๐ซ ๐๐ฎ๐ข๐œ๐ค ๐‘๐ž๐ฌ๐ฉ๐จ๐ง๐ฌ๐ž) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3344&utm_source=OPENPR%2FJayashrib&utm_campaign=OPENPR

Market Size and Growth:
The coil coating market is projected to experience robust growth during the forecast period, driven by increasing demand for pre-coated metals, especially in emerging economies. The market size is expected to expand significantly, with a CAGR of 4.7% from 2023 to 2031, reaching a valuation of US$ 10.2 Bn by the end of the forecast period.

Market Segmentation:

By Service Type: Primers, backing coats, topcoats, and others.
By Sourcing Type: In-house coil coating and outsourced coil coating services.
By Application: Building & construction, automotive, appliances, packaging, and others.
By Industry Vertical: Residential, commercial, industrial, and others.
By Region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Regional Analysis:

North America: Dominates the market due to the presence of key players and technological advancements.
Europe: Witnessing significant growth owing to stringent environmental regulations promoting sustainable coatings.
Asia Pacific: Emerging as a lucrative market with rapid industrialization and infrastructure development.
Latin America and Middle East & Africa: Showing promising growth opportunities fueled by increasing construction activities and automotive production.

Market Drivers and Challenges:

Drivers: Growing construction activities, rising automotive production, stringent regulations promoting eco-friendly coatings, and increasing adoption of coil coating for aesthetic enhancement.
Challenges: Fluctuating raw material prices, environmental concerns related to volatile organic compounds (VOCs), and competition from alternative coating methods.

๐ˆ๐ฆ๐ฆ๐ž๐๐ข๐š๐ญ๐ž ๐ƒ๐ž๐ฅ๐ข๐ฏ๐ž๐ซ๐ฒ ๐€๐ฏ๐š๐ข๐ฅ๐š๐›๐ฅ๐ž | ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/checkout.php?rep_id=3344<ype=S&utm_source=OPENPR%2FJayashrib&utm_campaign=OPENPR

Market Trends:

Shift towards water-based and powder coatings for environmental sustainability.
Adoption of digital printing technology for customized designs and patterns.
Increasing use of coil coatings for lightweighting in automotive manufacturing.

Future Outlook:
The coil coating market is expected to witness sustained growth driven by technological advancements, expanding application areas, and growing demand for sustainable coatings. Market players are likely to focus on product innovation, strategic partnerships, and geographical expansion to capitalize on emerging opportunities.

Key Market Study Points:

Analysis of market dynamics, including drivers, challenges, and trends.
Examination of competitive landscape, key players, and their strategies.
Evaluation of regional market potential and growth prospects.
Assessment of technological advancements and their impact on market growth.

Competitive Landscape:
Major players operating in the global coil coating market include Akzo Nobel N.V., BASF SE, PPG Industries, Inc., Nippon Paint Holdings Co., Ltd., and The Valspar Corporation, among others. These companies are investing in research and development to introduce innovative coatings with improved performance and environmental sustainability.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก -

Water-based Inks Market : https://www.globenewswire.com/news-release/2023/09/15/2743926/32656/en/Water-based-Inks-Market-Size-to-Hit-USD-12-billion-by-2031-Expanding-at-a-CAGR-of-3-1-TMR-Report.html

Glycerol Carbonate Market - https://www.globenewswire.com/news-release/2023/09/14/2743368/32656/en/Glycerol-Carbonate-Market-Size-Share-Surpass-USD-2-5-billion-by-2030-Garnering-7-CAGR-Exclusive-Report-by-Transparency-Market-Research.html

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

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