DUBLIN--(BUSINESS WIRE)--The "Functional Coil Coatings Market by Material Type, Technology, Product Type, and End User - Global Opportunity Analysis and Industry Forecast, 2018-2024" report has been added to ResearchAndMarkets.com's offering.
The global functional coil coatings market size was valued at $368.5 million in 2017 and is projected to reach $509 million by 2024, registering a CAGR of 4.8% during the forecast period.
Functional coil coating is conducted on metals, such as steel and aluminum. Coats used in functional coil coatings process comprise materials such as acrylic, polyester, PVDF, and epoxy resin for enhancing the aesthetics. Similarly, these coatings provide metals protection against corrosion and other metal weakening processes.
Increase in demand for corrosion resistant products drives the global functional coil coatings market. Owing to the advantages of functional coil coating process the demand for pre-coated metal is on an increase in the automotive, home appliances, and furniture industries. Steel and aluminum surface coating increases its durability, and provides additional protection against the corrosion, which has increased demand for functional coil coated steel and aluminum parts & sheets in the construction industry.
The global functional coil coatings market is segmented based on Material Type, technology, product type, end user, and region. By Material Type, it is classified into polyester, epoxy, PVC/vinyl, plastisol, PVDF, acrylic, and polyurethane. The primer segment accounted for the maximum share in 2017 because primers are formulated to stick to surfaces and to create a binding layer, which binds to paint or topcoats. Further, primers are essential for avoiding material corrosion as well as paint or coating degradation.
- KCC paints SDN BHD
- KelCoatings Limited
- Daikin industries, Ltd.
- Henkel AG & Co. KGaA
- NIPSEA group
- BASF SE
- Valspar Corporation
- Axalta Coating Systems
- Akzo Nobel N.V.
- PPG Industries
Key Topics Covered:
2: Executive Summary
3: Market Overview
4: Functional Coil Coating Market, By Product Type
5: Functional Coil Coating Market, By Technology
6: Functional Coil Coating Market, By End-Use
7: Functional Coil Coating Market, By Material Type
8: Functional Coil Coating Market, By Region
9: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/ngtrkc/global_functional?w=4