Coil Coatings Market

Date: 2016-05

The coil coatings have impacted the construction and automobile industry tremendously. The coatings are highly useful for enhancing the sheet life and its usage and aesthetic value. These sheets are being utilized in various industries ranging from aerospace, transport equipment, automotive, factory automation to commercial infrastructure.Coatings are generally classified by the type of binders used. Binders are a polymeric material which gives structure to the paint. These are some of the most widely used binders for coil coatings. Major types of polymers used for coil coatings paints are polyester, fluoropolymers, siliconized polyester and Plastisol. Being the most widely used binders for the coil coatings, polyesters allow for several modifications in the chemistry to be made which can affect the final end application. Coil coatings are applied on aluminium and steel. When using steel, most pre-painted metal also uses a metallic coating on the steel to improve corrosion resistance. Coil coating has become one of the primary processes for applying protective and decorative finishes on aluminium sheets. Steel applications had a major market with 79% share in the total coil coatings market.
The main factor owing to the growth of this industry is the increased demand form automotive industry and the functional benefits of the coil coatings, which act as some of the driving factors for this market.
Coil coating plays a vital role in durability of the components used in any appliances such as refrigerators, washing machine, air-conditioners and others. In construction, coil coatings are done to both interior and exterior construction applications. Some of the applications, coil coating being employed in are storage units, interiors, entry and exit door and many others. Construction application is the major end user industry followed by the transportation industry.
AkzoNobel Coatings Inc., BASF SE, PPG Industries, Inc., The Valspar Corporation and Beckers Specialty Corporation are the key market players in the global coil coating market. AkzoNobel Coatings Inc. occupies 23.6% of the coil coating market share followed by BASF SE occupying 19.1% of the market share in 2014 in terms of revenue.
The coil coating market encompasses a comprehensive set of products such as primers, weldable primers, silicone-modified polyester (SMP) coatings and more. Among all the coatings available in the market, the above table showcases products from major companies such as BASF, AkzoNobel N.V., Henkel AG & Co. KGaA, PPG Industries, Inc. and Becker Group.
The overall market is also presented from the perspective of different geographic regions and the key countries in each region. The market has been segmented in to four regions North America, Europe, Asia-pacific and Rest of the World. Competitive landscape for industry and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The key players profiled in this report include BASF, AkzoNobel N.V., Henkel AG & Co. KGaA, PPG Industries, Inc. and Becker Group and others. BASF SE and AkzoNobel N.V. are the two key market players in the market, where AkzoNobel N.V. itself accounts for 24% of the market, followed by BASF with 19% in 2014.

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