Research and Markets: Global Coil Coatings Market 2015-2019
June 24, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/nwwt58/global_coil) has announced the addition of the “Global Coil Coatings Market 2015-2019” report to their offering.
The global coil coatings market to grow at a CAGR of 6.51% over the period 2014-2019
Coil coating, also known as “prepainted metal coating,” is an automated process for coating metal surfaces before fabrication. Coil coatings are eco-friendly processes as there is a minimal emission of volatile organic compounds (VOC’s), lesser energy consumption, and limited generation of waste materials. Moreover, coil coatings are more corrosion resistant and possess long-term aesthetic properties compared to post-painted metals.
Coil coatings are now being used in applications that require smog protection and antimicrobial properties. This will open up growth opportunities in the market in the future. Antimicrobial coatings are used in commercial buildings such as restaurants, hospitals, hotels, schools, and others. Antimicrobial coatings that contain metal pigments improve heat exchange in HVAC applications and are finding increased acceptance in the consumer appliance industry. Rapid growth in the infrastructure and consumer appliance industries will lead to high demand for these coatings in the next five years.
According to the report, in a highly competitive business environment, reducing the price of a product is the best solution for vendors to increase profit margins. In the transportation industry, the use of coil coatings will result in considerable cost savings. For example, during the process of coil coating there is zero waste of primers and very little need for spray-painting operations. This will reduce the cost of production and lower environmental compliance costs. The use of prepainted steel with polyester and acrylic coatings in applications such as trailer van panels saves labor costs and produces highly durable products that can withstand constant exposure to dirt and inclement weather for many years.
Further, the report states that low demand for prepainted metals, which are heavy, expensive, and not easily recyclable, affecting the growth of the coil coatings market.
The global coil coatings market can be segmented into five:
- Infrastructure
- Consumer appliances
- Transportation
- Furniture
- Others
Key Vendors
- Akzo Nobel
- BASF
- Beckers
- PPG Industries
- Valspar
Other Prominent Vendors
- Alumax Industrial
- DuPont
- Henkel
- JK Surface Coatings
- Kansai Paint Chemical
- Ralco Steel
- Wacker Chemie
Market Drivers/Trends/Challenges
- Economic benefits
- Plastic panels replacing metals in major end-user industries
- New applications
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Macroeconomic Factors Affecting Market
- Global Coil Coatings Market
- Market Segmentation by End Use
- Market Segmentation by Resin
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and Their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and Their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/nwwt58/global_coil
View source version on businesswire.com: http://www.businesswire.com/news/home/20150624005565/en/
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