Global Coil Coatings Market value is expected to reach over US$ 4.5 Bn in 2019, registering 4.2% growth rate, finds Bekryl Market Analysts.
The market is characterized by the presence of large number of regional players concentrated in China and South Asia region. However, the revenue is dominated by leading players with operations worldwide. According to estimates, nearly 45% of the companies are small and midsize having regional presence. Prices is one of the key parameter that helps these companies to ensure long term growth sustainability in the region.
Request Report sample (PDF): https://bekryl.com/sample/sample-request/?bekryl=Get-Coil-Coatings-Sample-Report.
Bekryl’s market research report, Global Coil Coatings Market Size Analysis and Industry Opportunity finds that Asia Pacific region accounted for over 36% of global sales. Demand for coil coatings will continue to flourish with macroeconomic boost in construction and automotive sector. China and India are key lucrative regions for the companies.
India economy registered 7.2% growth in final quarter of 2017. This involves surge in construction activities by 6.8% in the same fiscal quarter. Country will continue to register upward trajectory growth with expected rate of 7.4% and 7.8% in 2018 and 2019 respectively.
Another prominent country – China- registered high demand for coil coatings with construction value output reaching US$ 816.6 Billion in 2017. In China, coil coatings demand started rising in late 1980s. Since then, many small, midsize and large enterprises has capitalized the market. The total output of coil coatings registered over 15.5% growth in last ten years. While the production hit a low in 2015, it quickly rebounded to 7% growth in 2016 with improving macroeconomic situation. Demand for coil coatings is preferably higher in East and South Central China.
Over 75% of companies are regional with rest are multi-nationals or foreign funded enterprises. Multinational enterprises primarily operates in premium segment. As such, accounts for 36% of total net sales in China.
To know more about coil coatings industry, visit: https://bekryl.com/industry-trends/coil-coatings-market-share-analysis
Few Key Trends from Coil Coatings Market Report:
Trend #1: Construction Sector to Dominate the Global Coil Coatings Revenue Sales
Architectural application is one of the key application of coil coatings. The segment is estimated to generate over US$ 2.8 Billion revenue for coil coatings manufacturers. Much of the sales will be concentrated in China and South East Asia. Companies are shifting their focus towards aesthetic and environment friendly materials. In fact, pre-painted metals are top choices of builders these days. As such, companies are highly focused on R&D for product differentiation.
Potential new areas are also getting discovered to enhance the revenue opportunity. This is in regards to overcome the sluggish growth that industry is witnessing for past few years. Appliance application is one such sector wherein coil coatings manufacturers can generate higher return on investment (ROI). However, price competitiveness is a major cause of concern for the sector.
Trend#2: Polyester based Coil Coatings to Dominate the Global Sales
Excellent anti-corrosion properties along with easy availability of raw materials at competitive price has led polyester based coil coatings to be preferred choice of end-users.
While polyester materials will dominate the global sales, Polyvinylidine Fluorides will register fastest growth especially in developed regions. It accounted for 16.8% of global share in 2017. While the material is costly, it offers good aesthetic appeal and is highly durable in construction activities.
Key players covered in the coil coatings industry report are The Dow Chemical Company, The Valspar Corporation, BASF SE, and Akzo Nobel N.V.
Coil Coatings Market Revenue Analysis by:
By End use:
- Construction
- Consumer Appliances
- Automotive
By Material Type:
- PVDF
- PU
- Polyester
- Plastisols
- Others
Similar Other Report:
Extrusion Coatings Industry Revenue and Opportunity Analysis: https://bekryl.com/industry-trends/extrusion-coatings-market-size-analysis
Brief Research Methodology:
(To know more about research methodology, visit Bekryl)
Media Contact
Company Name: Bekryl Market Analysts
Contact Person: Burke B.
Email: Send Email
Phone: +1 347 464 1068
Address:99 Wall Street Suite 622
City: New York
State: New York
Country: United States
Website: https://bekryl.com/industry-trends/coil-coatings-market-share-analysis