Functional Coil Coatings Market is Poised to Register a 4.9% CAGR by 2027
Posted by Vijay Kundekar on October 18th, 2019
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.
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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. This has opened the gates for various opportunities for businesses in the industry. Key companies are also increasing local manufacturing to strengthen their presence in the regional market and increasing their investments for acquisitions.
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Global Functional Coil Coatings Market: Segmental 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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About the AuthorVijay Kundekar
Joined: August 22nd, 2019
Articles Posted: 420
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