The global demand for Functional Coil Coatings Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Functional coil coating adds an organic coating on rolled metal sheets such as stainless steel and aluminum before they are bent, reshaped or deep drawn. Functional coil coatings are usually a powder or liquid-based compounds applied to a pre-treated substrate to prevent corrosion. Cleaning the substrate, drying it, using primer and topcoats, and foil lamination are parts of a typical functional coating technique. Design freedom, better corrosion and weathering resistance, and a wide range of colors and textures are advantages of functional coil-coated metal. These qualities make them ideal for metal roofs, wall panels, storage containers, and garage doors, all of which contribute to the infrastructure's long-term durability. Furthermore, this metal provides benefits such as improved paint adhesion, superior chemical and water resistance, improved aesthetics, and longer anticorrosion resistance. The need for functional coil coated metal in the automated sector has led to a dramatical increase due to these considerations.
The rise in demand for functional coil coatings from the electrical, electronic, construction, and automotive industries, among other sectors, as well as due to increasing customers' disposable income and an improvement in their standard of living, is expected to drive the growth of the functional coil coating market during the forecast period. Additionally, one of the factors expected to boost the expansion of the functional coil coating market in the timeframe period is the use of metals, which enhances the design and aesthetics of household appliances while also allowing manufacturers to customize texture. However, an increase in the cost of the techniques used in the fabrication of functional coil coatings and an increase in the cost of pre-coated metal are two other factors that are expected to hinder the market's expansion in the future years. Furthermore, the use of recyclable coating tools, which is expected to save expenditures on the acquisition and installation of new tools, would provide prospective chances for the functional coil coating market to develop shortly.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of functional coil coatings. The growth and trends of functional coil coatings industry provide a holistic approach to this study.
This section of the functional coil coatings market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
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By End User
- Powder Coating
- Liquid Coating
- Automobile Industry
This section covers the regional outlook, which accentuates current and future demand for the Functional Coil Coatings market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Functional Coil Coatings Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the functional coil coatings market include Akzo Nobel N.V., Axalta Coatings Systems, BASF SE, Eastman Chemical Company, Kansai Paint Co., Ltd., KelCoatings Ltd., Nippon Paints Holdings Co. Ltd., PPG Industries Inc., The Sherwin Williams Company, and The Chemours Company, Unichem, Lord Corporation, Chemetall Group, and ARCEO Engineering. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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