HYDERABAD, India, February 25, 2016 /PRNewswire/ --
The global coal coatings market set to reach USD 6.385 billion by 2020. AkzoNobel and BASF looking at significant shares in the building and construction sector in Asia-Pacific.
Mordor Intelligence releases their report on the global coil coatings market. The report titled "Global Coil Coatings Market - Segmented by Resin Type, By End-User Industry and Geography - Trends and Forecasts (2015-2020)" discusses the global situation of coil coating process.
The global coil coatings process market includes revenues earned from coatings, material and equipment. The market is projected to grow rapidly until 2020; from an estimated value of USD 5.024 billion in 2015 to a projected value of USD 6.385 billion by 2020. The CAGR during the forecast period is 6.35%. Moreover, the rising disposable income of people in the emerging economies will drive the demand for Global Consumer Appliance Coatings market, which in turn will drive the demand for coil coatings products.
The report studies the market segmented by:
- Industry end-user sectors - building & construction, industrial and domestic appliances, transportation, home and office furniture, HVAC and others
- Resin type - polyester, acrylics, epoxy, polyurethanes, plastisols, fluoropolymer and others.
Get the full report here:
Coil coating is a continuous process of painting metal sheets before fabrication. The technique has various applications such as automotive, infrastructure etc. The pre-painted metals can be molded into any shape and size; they provide many aesthetic colors and texture options, and high resistance to weathering for long-term usage.
Coil coatings, owing to their low-toxic, eco-friendly nature, high tensile strength and high initial adhesion properties, are becoming an integral part of various commercial and industrial sectors.
Traditionally, the growth of this market depended on the changing fortunes of home appliances industry. However, building and construction sectors have recently come up as major end-user segments in this market.
The economic benefits associated with such a recycling technique, which retains quality and meets standards mandated by the EPA, increases its usage in the many end-use applications.
Asia-Pacific held the largest share of the global market in 2015. The region is expected to witness high growth in the next five years largely fuelled by significant investments in the end-user industries, such as construction and transportation sectors.
Developing countries such as China and India have shown tremendous growth in this market with their emergence as the global manufacturing hubs.
Some of the major players in the global coal coatings market include AkzoNobel Coatings, BASF, PPG Industries, DuPont, Alumax, Axalta Coatings System, Beckers Group, Henkel Corporation, Evonik Industries, Wacker Chemie, Ralco Industries FZC, Kansai Paints and Valspar.
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SOURCE Mordor Intelligence