Coil Coatings Market: Burgeoning Demand for Precoated Metals in Architectural Sector to Bolster Uptake, TMR

The global coil coatings market is fairly consolidated with the top four players accounting for a combined share of 56% in 2014, finds Transparency Market Research (TMR). These leading players are: Akzo Nobel N. V, Beckers Group, The Valspar Corporation, and PPG Industries Inc. The top companies are focusing on developing their distribution channels to consolidate their presence across major regions. The current marketplace is moderately competitive. However, with the anticipated acquisition of paint giant Valspar Corp. by Sherwin-Williams Co. by the end of second quarter of 2017, the competitive dynamics is expected to change significantly.

The global coil coatings market stood at US$4.05 bn in 2014 and is anticipated to rise at a CAGR of 5.20% between the period 2015 and 2023. The market is anticipated to attain a value of US$6.2 bn by the end of 2023.

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Rising Construction Industry in Asia Pacific to Amplify Demand for Coil Coatings

Based on geography, the major regional markets for coil coatings are Europe, North America, Asia Pacific, the Middle East & Africa (MEA), and Latin America. Of these, currently, Asia Pacific is the leading market for the consumption of coil coatings and its growth is expected to remain strong throughout the forecast period. The regional market is anticipated to occupy a global share of 44.2% by 2023. The robust growth of the Asia Pacific market is propelled by a continuously expanding construction industry attributable to rapid urbanization, which has in turn spurred the number of non-residential construction projects in various emerging nations.

Based on products, the coil coating market is segmented into silicone modified polyester coatings, polyurethane coatings, polyester coatings, plastisol coatings, and polyvinylidene fluoride coatings. Among these, polyester coil coatings segment occupies a major share of the market. Expand at a significant CAGR, the polyester coil coatings segment is expected to occupy 64.2% share by the end of 2023. The substantial demand for polyester coil coating is driven by their ability to provide superior corrosion resistance against different adverse environments and relativity low pricing. In addition, they allow a multitude of attractive surface finishes and have high flexibility and scratch resistance features.

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Numerous Inherent Benefits of Coil Coatings to Keep Demand High

The upsurge in demand for coil coating processes in various applications is driven by the myriad advantages they have over post-finishing. Numerous benefits of coil coating include a consistently high paint finish, optimized use of paint materials, less energy consumption, and better inventory control. The burgeoning demand for coil coatings in the construction and automotive industries is stimulated by substantial benefits of economy and ecology to the manufacturer, operator, and user. Coil coating processes have low ecological impact and are economical. The process leads to less consumables and waste, involves less inflammable materials, no emissions of volatiles, and produces fully recyclable precoated sheets.

However, post-recession of 2008 in Europe has led to a slowdown in automotive, construction, and consumer electronics in the region. As a result, there is slackening demand for coated steel and aluminum coils. On the other hand, the recovery in demand from various end-use industries over the last few years augurs well for the market. In addition, the flexibility in shape with metalworking is expected to spur the global demand for coil coatings for making a variety of automotive and home appliances.

The global coil coatings market is segmented into:

Product

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

Application

Construction
Automotive
Appliances
Packaging
Furniture
HVAC

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”

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

Welding Products Market Growth in Wind Power Sector to Create Opportunities, TMR

The global welding products market is moderately fragmented with the key players such as Lincoln Electric, ESAB, and ITW leading in the market. These three players accounted for a collective share of 30% in 2013, states a new report by Transparency Market Research (TMR). This market is capital intensive and thus, local vendors find it difficult to compete with the larger players. Local players are unable to compete with large players on the basis of quality, services, functionalities, and features. Thus, these small players are entering into the market by introducing products that are low in price. Some of the players operating in the welding products market are: Voestalpine AG, Sonics & Materials Inc., Fronius International GmbH, Rofin-Sinar Technologies Inc., Arcon Welding, Bohler, Panasonic, Daihen Corp, and OBARA Co. In order to increase their production capacities and focus on innovations, companies are adopting the strategy of merging or acquiring other players. Acco

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

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