Functional Coil Coatings Market

Functional Coil Coatings Market To Register a CAGR
4.9% During 2017 - 2027
September 2018
Report Id : REP-GB-6327
Status : Publish
Category : Chemicals and Materials
©2015 Future Market Insights, All Rights Reserved

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Functional Coil Coatings Market Analysis
Global Functional Coil Coatings Market: Overview
Functional Coil Coating is a process in which a coating material is applied on the metal strip in a
continuous process. It is used in applications such as steel coatings and aluminum coatings. A new
research report depicts that global functional coil coatings market is surging with the rise in the
automotive sector, consumer appliances and industrial sector. According to the report by Future Market
Insights (FMI) titled ‘Functional Coil Coatings Market: Global Industry Analysis (2012 – 2016) And
Opportunity Assessment (2017 – 2027),’ functional coil coatings is expected to witness a surge in
demand in the coming years. The global functional coil coatings market is expected to grow at value
CAGR of 4.9% during the forecast period. The market is also anticipated to reach a market size of over
US$ 590 Mn by the end of 2027. Sound demand from all end use sectors coupled with increasing steel
consumption is anticipated to contribute to the growth of the functional coatings market at a significant
rate in the years to follow.
Global Functional Coil Coatings Market: Trends and Opportunities
The global functional coil coatings market is experiencing a paradigm shift from technological point of
view. The market has changed in many ways and further improvements are expected to drive its growth.
Implementation of new technologies and consolidations is one of the key trends identified across the
value chain of the coil coatings market. This is majorly because consolidation helps companies to enhance
its presence in the market. The global functional coil coatings market is also helped by growing demand
for corrosion free products. The industries are inclined towards use of only high quality products. .
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Functional Coil Coatings Market Analysis
Global Functional Coil Coatings Market: Segmental Analysis
Based on technology, liquid coating segment dominates the market with a market size of US$ 500 Mn
expected by the end of 2027.However water borne technology leads in terms of growth rate of 5.1%
expected during the forecast period, making water borne a lucrative segment in the foreseen future.
Based on product Type, topcoats segment and primers segment expected to grow at a similar growth
rate expected during the forecast period. However topcoat leads in terms of market size.
In terms of material type, polyester is ahead of all the material types present in the global functional coil
coatings market. It is expected to reach a market size of over US$ 450 Mn by the end of 2027.
Based on application, steel dominates the global functional coil coatings market with an estimated
market value of over US$ 450 Mn by the end of 2027, growing at a CAGR of 4.9% during the forecast
period.
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Functional Coil Coatings Market Analysis
Global Functional Coil Coatings Market: Competitive Analysis
This comprehensive research report comprises a brief profile of all the major players in the industry.
Some of the key players mentioned in the report are Dura Coat Products, Inc., Italcoat S.r.l., Huhoco
GmbH, Jotun Group, Titan Coatings, Inc, Chemetall Group, Recubrimientos Plasticos SA, ARCEO
Engineering, Nipsea Group (Nippon Paint), Lord Corporation, Salchi Metal Coats S.r.l, Lampre srl,
kömmerling chemische fabrik gmbh, Unichem etc.
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