Coil Coatings Market In Nordic Region 2015-2019
About Coil Coatings
Coil coatings, also known as pre-painted metal coatings, is an automated process used for coating metal surfaces before fabrication. Coil coatings are the most eco-friendly paints as there is minimal emission of volatile organic compounds (VOCs), lesser energy consumption, and limited disposal of waste materials. Moreover, coil coatings are more corrosion resistant and possess long-term aesthetic properties compared to post-painted metals.
Technavio's analysts forecast the coil coatings market in the Nordic region to grow at a CAGR of 6.84% over the period 2014-2019.
Covered in this Report
The coil coatings market can be segmented into three: construction, domestic appliances, and automotive.
Technavio's report, Coil Coatings Market in Nordic 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Nordic region; it also covers the coil coatings market landscape in the Nordic region and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Leading Countries
Technavio Announces the Publication of its Research Report – Coil Coatings Market in Nordic Region 2015-2019
Technavio recognizes the following companies as the key players in the Coil Coatings Market in Nordic Region: Akzo Nobel, BASF, Beckers and PPG Industries
Other Prominent Vendors in the market are: DuPont, Flugger, Hempel, Jotun, Salzgitter group, STO, Teknos, Tikkurila and Voestalpine
Commenting on the report, an analyst from Technavio’s team said: “Coil coatings are now being used in applications that require smog protection and antimicrobial properties. Antimicrobial coatings are used in commercial buildings, restaurants, hotels, schools, among others. In addition, antimicrobial coatings that contain metal pigments heat exchange in HVAC applications and are finding increased acceptance in the consumer appliance sector. The rapid growth in the infrastructure sector, mainly in emerging economies, is expected to propel the growth of the antimicrobial coatings market in the forecast period.”
According to the report, in the transportation sector, the use of coil coatings has led to 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 as well as environmental compliance costs. The use of pre-painted steel with polyester and acrylic coatings in applications such as trailer-van panels saves labor cost and produces highly durable products that can withstand constant exposure to dirt and inclement weather conditions for years.
Further, the report states that reduced demand for pre-painted metals is affecting the growth of the market.
Akzo Nobel, BASF, Beckers, PPG Industries, DuPont, Flugger, Hempel, Jotun, Salzgitter group, STO, Teknos, Tikkurila, Voestalpine