The Global Technical Coil Coatings Market Is Witnessing High Growth Owing To the Increasing Expansion of the Construction Sector in the World

 

Technical Coil Coatings Market

Market Overview:

The Coil Coating process is a continuous, automated process that produces a high-quality coating that is uniformly applied over a metal strip. It can be used to produce a variety of products including residential and commercial buildings, automotive components, furniture, appliances, and more. The most common applications of coil-coated materials are in the building and construction industry, where it is referred to as pre-coated metal. This includes aluminum siding, gutters, downspouts, and soffit material as well as other exterior and interior panels and components. Coil-coated paint is available in a wide range of colors and finishes. Its use has also grown to include architectural, residential, and commercial roofing systems and insulated wall panels.

According to Coherent Market Insights, Global Technical Coil Coatings Market was valued at US$ 5560.00 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.67 % during the forecast period (2022 to 2030).

Competitive Landscape:

Major players operating in the global Technical Coil Coatings Market include Sherwin-Williams Company, Beckers Group, Solvay SA, PPG Industries, and AkzoNobel.

Key Market Drivers:

The increasing incidence of construction companies in the world is expected to augment the growth of the Global Technical Coil Coatings Market. For instance, according to Building Radar GmbH, there are more than 3 million construction companies in Europe.  Coil coating is a very efficient way to produce a uniform, high-quality coated finish over metal in a continuously automated fashion. Compared to powder and spray applications, it has transfer efficiencies of over 99% resulting in fewer coats of paint required. This is because coil coating uses a much higher line speed than spray or brush applications so less paint is needed to achieve the same coverage. It is a fast and inexpensive method of applying a durable paint finish to the metal. Moreover, increasing usage of coil coatings in several sectors such as the automotive sector is estimated to enhance the growth of the global technical coil coatings market.

Covid-19 Impact Analysis:

During the COVID-19 pandemic, the Global Technical Coil Coatings Market witnessed several challenges. The imposition of lockdown issues in several regions along with transport restrictions globally has significantly affected the construction sector, which also affected the market growth.

Key Takeaways:

·       The Asia Pacific is expected to dominate the growth of the global technical coil coatings market, owing to the high expansion of the construction sector in the region. For instance, according to the Builders’ Association of India, there are over 175,000 construction companies in India currently.

·       North America is estimated to witness high growth in the Global Technical Coil Coatings Market, owing to the increasing prevalence of construction companies in the region. For instance, according to the Associated General Contractors of America, there are currently around 3,787,470 construction businesses in the United States.

Comments

Post a Comment

Popular posts from this blog

Forging has significant application in creation of various metal for wide range of applications

Image
Forging refers to any process that produces metal from scratch by subjecting it to an external force. Metal forgers can be persons or machines. This techniques may involve grinding (for example, to produce alloyed steel) or may involve the application of pressure to apply heat to the metal piece until it is malleable. The actual process depends on various factors, including the material being forged, its shape, and the degree of stress that is placed on it. Forged grain is the product of Forging with grains of metals pushed against each other through a forge-like tool and into the cladding that forms the final shape of the metal after it has been done. It is the principal production process in most metals. It uses local or repetitive thrusts delivered by a hammer or die to apply mechanical blows to the metal piece until it becomes malleable. It is frequently classified according to the speed at which it's done: fast, cold, or hot. There are many types of forgers available today...
Read more

Ginseng Market Outlook, Analysis and forecast up to 2028

Image
  Ginseng Market Ginseng is a slow-growing perennial plant with green oval-shaped leaves and meaty roots that can persist for more than a century. Ginseng is classified into two types: American ginseng and Asian ginseng. Panax quinquefolius is the scientific name for American ginseng, whereas Panax ginseng is the scientific name for Asian ginseng. Ginseng is widely used as a herb to increase the body's energy levels. Ginseng's antioxidant and anti-inflammatory qualities serve to enhance the immune system, lowering the risk of viral and microbial infections. Ginseng also helps to lower the risk of diseases such as lung cancer, skin cancer, and liver cancer. Other health advantages of ginseng include lower blood sugar levels and improved cognitive functions such as memory and conduct. Ginseng is mostly grown in the United States, Canada, and South Korea. Ginseng has been used as a herbal medicine in China for generations, and the country is one of its largest users. Asia Pacifi...
Read more

The Vaccine Contract Manufacturing Industry to Flourish Due to Urgent Need to Develop Reliable and Cost-Effective Vaccines against Covid-19

Image
Germany Vaccine Contract Manufacturing industry is expected to witness significant growth in the near future, due to emergence of Covid-19. In Germany, from 3 January 2020 to 4:06pm CEST, 18 August 2021, there have been 3,835,375 confirmed cases of COVID-19 with 91,921 deaths, reported to WHO. As of 15 August 2021, a total of 97,884,043 vaccine doses have been administered. The increasing demand for safe and cost-effective vaccines due to unmatchable quality, consistent delivery, and unparalleled security, have contributed to the increasing growth and scope of this industry. The increasing demand for vaccines and resulting profit potential have led to significant growth in the number of contract manufacturing plants located across the world. A major focus of such plants is developing cost effective, high quality vaccines that could be made available to public health organizations and other medical organizations. Several new and innovative technologies are also being developed to man...
Read more