Functional Coil Coatings Market Size Report 2022: Impact of COVID-19, Major Manufacturers, Regional Outlook and Competition Analysis to 2031
Kenneth Research, in its repository of market research reports, have recently added a report on Functional Coil Coatings Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Functional Coil Coatings Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
Global Functional Coil Coatings Industry was valued at USD 554 Million in the year 2018. Global Functional Coil Coatings Industry is further estimated to grow at a CAGR of 4.72% from 2019 to reach USD 515 Million by the year 2025. In the Global Functional Coil Coatings Industry, by region Asia Pacific region holds the highest Industry share in 2018 and is also Industry is considered as the fastest growing Industry in the forecasted period owing to their Industry demands. At a country level, China and India in Asia-Pacific are projected to grow strongly in the coming years owing to increase in population rate, advancement in steel and aluminum industry, and stable economic growth.
The report segments the global functional coil coatings Industry based on technology, product type, end user, and region. By product type, the global functional coil coatings Industry is categorized into topcoat, primer, and backing coat of which top coat segment holds the highest Industry share in the coming years. On the basis of technology, the Industry is divided into liquid coating and powder coating of which liquid coating accounted for the largest share of the global Industry.
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SWOT analysis of Functional Coil Coatings Industry
Rapid growth of construction and automotive industry
Fluctuations in Furniture and home appliance industry
High cost of the processes
Consumer’s preference for low price products
Recycling coating tools and use of Organic material
Major market players Functional Coil Coatings Industry in are KCC paints SDN BHD, KelCoatings Limited, Daikin Industries, Ltd., NIPSEA Group, BASF SE, Akzo Nobel N.V., Valspar Corporation, Axalta Coating Systems (Axalta), PPG Industries, Henkel AG & Co. KGaA, and 6 more companies detailed information is provided in the report.
Functional Coil Coatings Industry Segmentation
Functional Coil Coatings Industry Overview, By Product Type
• Backing Coats
• By Technology
• Liquid Coating
• Powder Coating
Functional Coil Coatings Industry Overview, By End Users
• Automobile Industry
Functional Coil Coatings Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa
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