Functional coil coating is a liquid- and powder-based coating process that is applied to the pre-treated substrate. The coating is used to prevent the base metal from corrosion and ensure complete protection of the metal.
Market Analysis and Insights: Global Functional Coil Coatings Market
Due to the COVID-19 pandemic, the global Functional Coil Coatings market size is estimated to be worth US$ 621.4 million in 2022 and is forecast to a readjusted size of US$ 729.2 million by 2028 with a CAGR of 2.7% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Primer accounting for % of the Functional Coil Coatings global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Resident Building segment is altered to an % CAGR throughout this forecast period.
The demand for functional coil coatings in Asia-Pacific is expected to rise, owing to increase in population rate, advancement in steel and aluminum industry, and stable economic growth. Functional coil coatings are widely accepted by the Chinese customers, owing to increase in manufacturing plant in this region and requirement of functional coil coated metal for construction of various manufacturing equipment in these plants. Recurring requirement of new construction and upgrade of infrastructure owing to increase in natural calamities are primary factors that drive the growth of the functional coil coatings market in Japan.
Global Functional Coil Coatings Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Functional Coil Coatings Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Primer
Back Paint
Topcoat
Segment by Application
Resident Building
Industrial Building
By Company
Akzo Nobel
PPG Industries
Valspar
BASF
Beckers
NIPSEA Group
KCC
Actega(Altana)
Axalta
Dura Coat Products
Henkel
Daikin
Titan Coating
KelCoatings
Srisol
Yung Chi Paint&Varnish
Unicheminc
Shanghai Huayi Fine Chemical
Jiangsu Lanling Group
Shaanxi Baotashan Paint
Pingyuan Wente
Tangshan Wick Painting Chemical
CNOOC Changzhou EP Coating
Ningbo Zhengliang Coatings
Zhejiang Tiannv Group
Changzhou Baoxin Anticorrosive Material
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina