Coil Coatings Market in APAC 2015-2019
About Coil Coatings
Coil coatings, also known as pre-painted metal coatings, are used to coat metal surfaces before they are made into end products. These are eco-friendly and cause minimal VOC emission, without consuming a lot of energy, thus minimizing waste. They have many advantages over post-painted metal coatings including corrosion protection and long-term aesthetic value.
The coil coatings market in APAC can be segmented into five divisions: Infrastructure, consumer appliance and HVAC, transportation, furniture, and others.
Technavio analysts forecast the coil coatings market in APAC to grow at a CAGR of 6.76% during 2014-2019.
Covered in this Report
The Technavio report, namely Coil Coatings Market in APAC 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. The report covers the market landscape in APAC and its growth prospects in the coming years. It also includes the key vendors operating in the market.Key Countries
Technavio Announces the Publication of its Research Report – Coil Coatings Market in APAC 2015-2019
Technavio recognizes the following companies as the key players in the Coil Coatings Market in APAC: AkzoNobel, BASF SE, PPG Industries and Valspar
Other Prominent Vendors in the market are: Alumax Industrial, Axalta Coatings Systems, J K Surface Coatings, Henkel, Kansai Paint, Ralco Steel, Nippon Paint and Wacker Chemie
Commenting on the report, an analyst from Technavio’s team said: “PVDF is a form of coil coating used in heavy industries. It can withstand harsh thermal, chemical, or ultraviolet conditions and has excellent color retention properties. For example, HYLAR 5000 PVDF coating has been used in the architectural segment because of its ability to retain its original color for service periods of more than 40 years. Manufacturers of fluoropolymer coatings are also developing PVDF with features such as self-cleaning abilities and improved dirt pickup for architectural applications. This will boost demand for coil coatings, especially in emerging countries such as China and India, because of industrial and infrastructural development in these countries.”
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, 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 cost of production and lower environmental compliance costs. 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 plastics are used to manufacture economical, lightweight, and recyclable parts for vehicles. Reduced weight of the vehicle also decreases its fuel consumption. This leads to low demand for prepainted metals, which are heavy, expensive, and not easily recyclable, thus affecting the growth of the market.
AkzoNobel, BASF SE, PPG Industries, Valspar, Alumax Industrial, Axalta Coatings Systems, J K Surface Coatings, Henkel, Kansai Paint, Ralco Steel, Nippon Paint, Wacker Chemie