Global Coil Coatings Market 2015-2019
About Coil Coating
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.
Technavio's analysts forecast the global coil coatings market to grow at a CAGR of 6.51% over the period 2014-2019.
Covered in this Report
The global coil coatings market can be segmented into five: Infrastructure, consumer appliances, transportation, furniture, and others.
Technavio's report, Global Coil Coatings Market 2014-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC; EMEA; and North, South, and Central America; it also covers the global coil coatings market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Coil Coatings Market 2015-2019
Technavio recognizes the following companies as the key players in the global coil coatings market: Akzo Nobel, BASF, Beckers, PPG Industries and Valspar
Other Prominent Vendors in the market are: Alumax Industrial, DuPont, Henkel, JK Surface Coatings, Kansai Paint Chemical, Ralco Steel and Wacker Chemie
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. 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.
Akzo Nobel, BASF, Beckers, PPG Industries, Valspar, Alumax Industrial, DuPont, Henkel, JK Surface Coatings, Kansai Paint Chemical, Ralco Steel, Wacker Chemie