Sep 21, 2017   SOURCE: BusinessWire

$5.74 Bn Coil Coatings Market - Forecasts from 2017 to 2022 - Research and Markets

The "Coil Coatings Market - Forecasts from 2017 to 2022" report has been added to Research and Markets' offering.

Global coil coatings market is set to expand at a CAGR of 7.02% over the forecast period to grow to US$8.066 billion in 2022, from US$5.745 billion in 2017.

Coil coating is a sophisticated automated industrial process with the aim of coating coils efficiently before fabrication. Coatings can be polyurethanes, polyvinylidene fluorides, epoxies, polyesters, and plastisols, backing coats, primers and laminate films. Since coil coatings have superior characteristics like corrosion resistance, flexibility compared to conventional coatings and stain resistance, they are highly demanded in automotive, construction, electrical and electronics industries.

Expansion in any of these industries will drive the global market for coil coatings. Moreover, intense penetration of coil coatings in pharmaceutical packaging and aerospace applications will further drive the market towards growth. Growing requirement of steel and aluminium in transportation and construction will also positively impact the global growth. However, replacement of metal substitution with engineering plastics such as polycarbonate in automotive industry may restrain the growth of coil coating market.

Segments covered under the coil coatings market report are as below:

By Resin type

  • Polyester resins
  • Plastisol resins
  • Siliconized polyester resins
  • Fluoropolymer resins

By End User Industry

  • Automotive industry
  • Appliance industry
  • Building and construction industry

Companies Mentioned

  • Beckers Group
  • Wacker Chemie AG
  • Henkel AG & Co. KGaA
  • Dura Coat Products, Inc.
  • PPG Architectural Coatings UK Limited
  • The Valspar Corporation
  • Akzo Nobel N.V.

For more information about this report visit https://www.researchandmarkets.com/research/8d6qkb/coil_coatings