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Global Functional Coil Coating Market is Booming Market to Rapidly Growing $ 1036.79 million forecast by 2026

Global Functional Coil Coating Market

Definition:

Functional Coil Coating is a process in which a coating material is applied on the metal strip in a continuous process. It is used in applications such as steel coatings and aluminum coatings. Coil coating is the continuous and highly automated industrial process for efficiently coating coils of metal. Because the metal is treated before it is cut and formed, the entire surface is cleaned and treated, providing tightly-bonded finishes.

 

Analysis of Global Functional Coil Coating Market report:

Global functional coil coating market is expected to rise to an estimated value of USD 1036.79 million by 2026, registering a steady CAGR of 4.95% in the forecast period of 2019-2026. Increasing demand for smart coatings and increasing prevalence for nano-coating is the major factor for the growth of this market.

 

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Market Drivers:

  • Rising construction and automotive industry is driving market
  • Increasing usage of organic coatings is another factor for this market growth
  • Growing prevalence for home appliances and furniture will also compel the market growth

 

Market Restraints:

  • High operational cost is restraining the market growth
  • Increasing demand for low price products among population is another factor restraining the market growth

 

Leading Key players profiled in this report are:

Few of the major competitors currently working in the global functional coil coating market are Axalta Coating Systems, Akzo Nobel N.V., PPG Industries, Inc., Valspar, The Chemours Company, Henkel Adhesives Technologies India Private Limited, Kansai Paint Co.,Ltd, Eastman Chemical Company, NOROO Coil Coatings Co., Ltd., Becker Group Ltd, Dura Coat Products, Inc., Italcoat Srl, Jotun, Titan Coatings, Inc., Chemetall GmbH, Replasa, ARCEO Engineering, LORD Corporation, Salchi Metalcoat S.r.l, Kömmerling Chemische Fabrik GmbH.

 

Global Functional Coil Coating Market Segmentation:

By Material

  • Acrylic
  • Epoxy Resins
  • Plastisol
  • Polyvinylidene Fluoride
  • Polyester
  • Polyurethane
  • PVC/ Vinyl

By End- User

  • Construction
  • Appliances
  • Automobile Industry
  • Others

By Application

  • Steel Coating
  • Aluminium Coating

By Product Type

  • Topcoats
  • Primers
  • Backing Coats
  • Others

By Technology

  • Liquid Coating
  • Water Borne
  • Solvent Based
  • Powder Coating

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific

 

Competitive Analysis:

Global functional coil coating market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of functional coil coating market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

 

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The Global Functional Coil Coating Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Functional Coil Coating Market. The industry changing factors for the market segments are explored in this report.  This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.

 

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