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Analysis of Potential Impact of COVID-19 on Coil Coatings Market

The coil coatings market features a fairly fragmented landscape as the top four players accounted for a combined share of 56% of the market in 2014, finds Transparency Market Research (TMR). These leading companies are Beckers Group, PPG Industries, Inc., Valspar, and Sherwin Williams. The market demonstrates a relatively high degree of competition. With the acquisition of Valspar by the Sherwin-Williams Company in 2017, the competition is likely to intensify in the coming years, observes TMR. The acquisition will enable Sherwin Williams, a company majoring in paints solutions, to capitalize on the worldwide presence of Valspar. This is anticipated to open up lucrative growth avenues in various regions, particularly in emerging markets of Asia Pacific and the Middle East and Africa.

Several leading players are manufacturing high-performance coil coatings that also help end users meet a variety of purposes. Furthermore, top manufacturers of coil coatings are actively developing their distribution channels in a move to consolidate their presence.

Rising at a CAGR of 5.20% from 2015 to 2023, the opportunities in the coil coatings market is expected to reach US$6.3 bn by the end of the forecast period. The market was valued at US$4.0 bn in 2014.

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Burgeoning Construction Activities in Asia Pacific to Boost Consumption

Regionally, the coil coatings market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa (MEA). Of these, the Asia Pacific market held the leading share and is projected to attain a share of 44.2% by the end of 2023. The growth of the market is driven by the rapidly growing construction activities, particular those of non-residential buildings, in several key economies in the region.

Based on product, the market is segmented into polyurethane coatings, polyester coatings, plastisol coatings, silicone modified polyester coatings, polyvinylidene fluoride coatings, plastisol epoxides, and acrylics. Of these, the polyester coil coatings segment contributed the major share in 2014, in terms of aggregate demand, attributed to their versatility and high-performance. The segment is projected to reach a share of 64.2% by the forecast period.

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Multi-purpose Coil Coating Solutions in Construction Sector to Bolster Uptake

The growth of the coil coatings market is primarily driven by the rising number of construction activities world over in the residential as well as non-residential sectors. The rapid pace of urbanization in a number of advanced and emerging nations such as the U.S., China, India, Mexico, Indonesia, Brazil, and Turkey has accelerated the construction of new buildings, thereby boosting the demand for coil coatings. Compared to other coating options and alternative substrates, the use of coil coatings is stimulated by the several benefits they offer in the metal fabrication process. Coil coatings are characterized by being corrosion- and abrasion- resistant and are thermally reflective. In addition, some high-end coating coils possess antibacterial and self-cleaning properties. Furthermore, coil coatings are extensively used in metals to impart aesthetic finishes to metals used on roofs, and walls, thereby boosting the market.

However, the marked stagnation of various industries in several European nations is expected to negatively impact the coil coatings market to some extent. Nevertheless, the advent of innovative coil coatings, such as bio-based coating solutions, and its demand in the construction of buildings is expected to open up exciting opportunities for manufacturers.  Furthermore, coil coatings are witnessing a variety of emerging applications in industries such as automotive, consumer appliances, and packaging. This is anticipated to accentuate the market in the coming years.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Coil Coatings Market (Product – Polyester, Silicone Modified Polyester, Polyvinylidene Fluoride (PVDF), Polyurethane (PU), Plastisol Epoxides, and Acrylics; Application- Construction, Automotive, Appliances, Packaging Furniture, and HVAC) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

The coil coatings market is segmented based on:

Product

  • Polyester
  • Silicone Modified Polyester
  • Polyvinylidene Fluoride (PVDF)
  • Polyurethane (PU)
  • Plastisol
  • Epoxides
  • Acrylics

Application

  • Construction
  • Automotive
  • Appliances
  • Packaging
  • Furniture
  • HVAC

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Global Coil Coatings Market 2020 Trends Analysis and Coronavirus (COVID-19) Effect Analysis | Key Players Market With COVID-19 Impact Analysis, In Depth Insight, Growth & Research Finding TO 2026

Global Coil Coatings Market 2026 Growth Factors, Promising Trends, Impact of COVID-19 on Business, and Future Prospects

The detailed market research report on the Coil Coatings market consists of all the growth potentials that can help the stake holders to identify the primary prospects and trends in the market. The growth opportunities and the competitive scenarios discussed within the report will help the clients to have a closer view about Coil Coatings market. The data that is collected for the report is obtained from various primary and secondary resources, which were further validated through several market tools.

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The global market report highlights all the information about the market on regional and global basis. The market share and forecast have been analyzed with the help of a unique research design which is specially customized to find the market dynamics. In the report, the global Coil Coatings market is segmented into {Polyester Coil Coating, Polyvinylidene Fluoride (PVDF) Coil Coating, Polyurethane (PU) Coil Coating, Plastisol Coil Coating, Others}; {Coated Steel, Metallic Coated Steel, Aluminum Products}. The market’s historic data has been thoroughly analyzed based on the organic and inorganic developments in order to obtain accurate market estimations. The growth factors and the market opportunities for the global Coil Coatings market have been testified with potential gravity.

Regional Segmentation Analysis for Understanding Patterns:

The five major regions that have been focused in the global Coil Coatings market include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The research analysts have segregated the regions in order to understand the global development and the demand patterns of the market.

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The key market players that are operating in the global Coil Coatings market are all profiled in the report. Some the major players that are enlisted in the report include AkzoNobel, PPG Industries, Valspar, NIPSEA Group, Beckers, KCC, Actega(Altana), Axalta, Dura Coat Products, Daikin, Titan Coating, KelCoatings, Srisol, Unicheminc, Shanghai Huayi Fine Chemical, Henkel.

This report highlights:

1) The Coil Coatings market overview on the global platform and related technologies that will trend during the coming years.
2) Analysis about the global Coil Coatings market trends, yearly estimates, and CAGR.
3) Identification of new market opportunities and targeted consumer marketing strategies for global Coil Coatings market.
4) Extensive company profiles of key players.

Findings in the Coil Coatings Market Report

•    Coil Coatings Market from 2016 to 2019
•    Coil Coatings Market in 2020 (COVID-19 Impact)
•    Coil Coatings Market Analysis
•    Coil Coatings Market Demand
•    Coil Coatings Market Forecast
•    Coil Coatings Market Insights
•    Coil Coatings Market Price
•    Coil Coatings Market Production
•    Coil Coatings Market Share
•    Coil Coatings Market Supply
•    Trends in the Coil Coatings Market

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Answers to Important Questions that you will find: 

1. What is the growth potential of the global Coil Coatings market?
2. What are the top strategies observed among the industry players?
3. Which regional market anticipates securing the highest market share?
4. How will the competitive landscape change in future?
5. What do the new market entrants need to adapt to remain steady for the future competitive changes?
6. What will be the total production and consumption in the global Coil Coatings market by 2026?
7. Which key upcoming technologies can create wonders to the market? How will they impact the global Coil Coatings market?
8. What will be the market statistics and position between 2020 and 2026?

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Global Coil Coatings Market with Coronavirus (COVID-19) Impact Analysis | likewise Industry is Booming Globaly with Top Players | AkzoNobel, PPG Industries, Valspar, NIPSEA Group, Beckers, KCC, Actega(Altana), Axalta

Global Coil Coatings Market: Competitive Analysis

The latest report on the global Coil Coatings market published by the Market Data Analytics provides a comprehensive study of the Coil Coatings market. This research study includes historical data from 2015-2018 and the forecast from 2019 to 2026. The Coil Coatings report covers the latest impact of COVID-19 on the Coil Coatings market. The pandemic has affected every market around the globe in a negative way. As the world still struggles to recover from the COVID-19 situation it will take a long time for every market to recover its losses. The latest report on the global Coil Coatings market provides you with each and every details about the Coil Coatings market, that is, the current and the future market scenario along with how it was in the past few years.

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As per our research analysts the impact of COVID-19 has strongly affected the future market opportunities, revenue growth graph, and the profit gains of the business. The report on the global Coil Coatings market consists of more than 25 tables and above 30 figures. The complete report includes more than 150 pages and is available in PDF format.

The research on the Coil Coatings market includes the latest opinions of the market experts as to how the market has been affected by COVID-19 and how the market scenario has changed in the past four months. The research analysts have done a thorough research and have achieved the latest market numbers and the compound annual growth rate.

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The report details are segregated into the market overview, scope of the market, research methodologies used, market drivers, restraints, opportunities, and challenges. The other quantitative and qualitative data includes the market segmentation, regional bifurcation, and the profiling of the industry players.

The market is segmented into {Polyester Coil Coating, Polyvinylidene Fluoride (PVDF) Coil Coating, Polyurethane (PU) Coil Coating, Plastisol Coil Coating, Others}; {Coated Steel, Metallic Coated Steel, Aluminum Products}. The geographical presence of the Coil Coatings market is categorized mainly into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Some of the major industry players included within the Coil Coatings market study includes AkzoNobel, PPG Industries, Valspar, NIPSEA Group, Beckers, KCC, Actega(Altana), Axalta, Dura Coat Products, Daikin, Titan Coating, KelCoatings, Srisol, Unicheminc, Shanghai Huayi Fine Chemical, Henkel.

The data provided in the global Coil Coatings market is highly accurate and reliable thus enabling the client to better understand the current market size and position.

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