According to TechSci Research report, “Global Coil & Extrusion Coating Market By Type (Topcoats, Primers, Backing Coats, Specialties), By Resin (Polyester, Silicone Modified Polyester, Fluorocarbon (PVDF), Polyurethane, Plastisols, Epoxy & Others), By End-Use (Architecture, Automobile, Consumer Durables, Furniture, Others), By Substrate (Carbon Steel, Stainless Steel, Aluminium, Others), By Region, Forecast & Opportunities, 2025”, the global coil & extrusion coating market is expected to grow at a steady rate during the forecast period on account of their low maintenance cost. Additionally, special properties such as thermal protection, appearance, resistance to oxidation, corrosion, chemicals, among others of these coatings is further expected to fuel the demand for these coatings in various industrial applications. However, volatile prices of raw materials might hamper the growth of market during forecast period. Additionally, stringent regulations regarding the use of hazardous chemicals is further expected to restrict the growth of market over the next few years.
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The global coil & extrusion coating market is segmented based on type, resin, form, end use, substrate, company and region. Based on type, the market can be fragmented into topcoats, primers, backing coats and specialties. The topcoats type segment is expected to dominate the market since it provides resistant seals for coatings system. Additionally, it acts as an initial barrier to the environment by providing resistance to chemicals, water and weather. Furthermore, it increases the aesthetic value by giving a pleasant appearance. Based on resin, the market can be categorized into polyester, silicone modified polyester, fluorocarbon (PVDF), polyurethane, plastisols, epoxy and others. The polyester segment is expected to dominate the market until 2025. This can be ascribed to the low cost and easy application methods of polyester. Based on form, the market can be bifurcated into liquid and powder. The powder coating segment is expected to dominate the market through 2025. This can be accredited to the increasing demand for powder coatings from the home appliances, construction and automotive industry. Additionally, powder coatings are resistant to scratching and fading. Also, they produce thicker coating as compared to the liquid counterparts and that too without being runny or saggy. Based on end use, the market can be segregated into construction, automobile, electronics, consumer durables, furniture and others. The construction industry is expected to dominate the market on account of the exceptional properties such as high adhesion, corrosion or oxidation resistance, color, wear resistance, optical properties, among others due to which they are widely used in the construction industry.
Akzo Nobel, PPG Industries Ltd, BASF SE, Beckers Group, Sherwin-Williams, Axalta Coating Systems LLP, Wacker Chemie AG, Kansai Paints Company Limited, RPM Performance Coatings Group, Nippon Paint Holdings Co. Ltd, Merck KGaA, Allnex Netherlands B.V., Jindal Paints Limited, Davis Standard, LLC, Exxon Mobil Corporation, SABIC, Qenos, Hans Lautrup Chemicals A/S, LyondellBasell Industries Holdings B.V. and others are some of the leading players operating in global coil & extrusion coating market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“Asia-Pacific is expected dominate the global market for coil & extrusion coating during the forecast period owing to fast-paced industrialization and urbanization in the region. Additionally, booming construction and automotive industry is further anticipated to fuel the market during the next five years. Furthermore, easy availability of labor at low cost and availability of raw materials at cost effective prices are anticipated to fuel the market growth through 2025. Also, presence of major market players in the region is further anticipated to foster the growth of market over the next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Coil & Extrusion Coating Market By Type (Topcoats, Primers, Backing Coats, Specialties), By Resin (Polyester, Silicone Modified Polyester, Fluorocarbon (PVDF), Polyurethane, Plastisols, Epoxy & Others), By End-Use (Architecture, Automobile, Consumer Durables, Furniture, Others), By Substrate (Carbon Steel, Stainless Steel, Aluminium, Others), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global coil & extrusion coating market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global coil & extrusion coating market.
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