Functional Coil Coatings Market

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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