Technical Coil Coatings Market: Eco-Friendly Coating Products Trending the Market: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2027)
- REP-GB-5978
- 2018-01-09
- 334 Pages
- Format:
- Category: Chemicals & Materials
Top coats and primers are expected to be equally attractive product types in the global technical coil coatings market
The global technical coil coatings market consists of different product types like top coats, primers, and backing coats. Top coats are also termed as finishing coats. For applying the top coats, the strip of the coil is passed through the roller coater machine. Top coats are generally made of polyester, SMP (silicone modified polyester), polyurethane, PVDF, plastisols and PVCETC and are generally applied on both the sides. The primers are applied either on one side or on both sides of the strip. Primers are applied on the coil sheets with the help of roller coaters that are adjusted such that they can give the required primer thickness to the sheets. Backing coats are generally applied to the underside of the strip with or without the primer. They are not exposed to the environment and are not visible. Among all these types of technical coil coatings, top coats lead the market in terms of revenue share with an expected value of over US$ 900 Mn by the end of 2027. However top coats and primers both are expected to be equally lucrative segments with a growth rate of 4.8% during the forecast period 2017-2027.
Demand for different technical coil coating products to be helped by increasing preference for corrosion free products along with increased innovation in the market
The demand for technical coil coating products has increased especially due to the demand for corrosion free products in various industries. Nowadays, a rise in demand for high-quality products is being witnessed. These products can be used in the manufacturing of various consumer durable goods as well as in the electricity and power sector. People today are preferring more advanced coating chemicals that are robust and versatile with the ability to perform well on complex substrates. There has also been implementation of stringent environmental regulations that has resulted in the development of bio based binder systems for coil coatings. Conventionally, crude-oil based solvents formed a key component of paints and coatings. However, solvent-based paints and coatings tend to release relatively higher amounts of VOCs as compared to other bio-based alternatives. Over the recent past, coating manufacturers are focussing on the development of eco-friendly or green product offerings that employ bio-based resins. In Germany, Evonik Industries has recently developed a new product range of polyester resins for coil coatings top coats and primers, which the company markets under its established DYNAPOL® brand. The product is based on renewable raw materials, which sets it apart from the other binders used for coil coatings.
Availability of substitutes for technical coil coating products can be a hindrance in the growth of the global technical coil coatings market
Implementation of alternative materials such glass and steel for exterior coatings increases competition in the global market. Continuously rising demand for low cost and high performance alternatives such as fibre and reinforced plastics, implementation of modern technologies and aggressive environmental policies are expected to be the major factors restraining revenue growth of the global technical coil coatings market. Further, the different raw materials used in the paints and coatings market are pigments, solvents, binders, additives and white urea. These raw materials account for approximately 49% of the total cost of technical coil coating products. Revenue growth of the technical coil coatings market is affected by various macroeconomic factors and price fluctuations in crude oil, logistics costs, and import duties of pre-coated coils. The high costs associated with the production of technical coil coatings also forces people to look for an alternative for these products.
This research study based on a comprehensive analysis of the global technical coatings market briefs the scenario of the market during the forecast period. The report is a logical presentation of the data collected by a team of expert analysts who have carried out an extensive research program to study this market. The report depicts the future as well as the present scenario of the global technical coil coatings market and provides useful information on the key players.
The report consists of different sections that are the most important aspects of the market analysis, like market value, pricing analysis, Y-o-Y growth, market segmentation, market dynamics and competitive analysis. To provide a better understanding of the global technical coil coatings market to readers, the report is structured systematically beginning with the market summary and market introduction. The summary presents the highlights or a summarized version of all the major outcomes of the research, to help the readers know what is being presented in the report. This is followed by the market introduction. Market introduction depicts the basic definition of the market and also about the products. Another important section of the report is dedicated to the segmentation of the market. This segmentation bifurcates the market into different segments based on various parameters including the regional segmentation. This helps in simplifying the process of research as well as understanding of the market. The report also individually analyses every segment, in turn letting the readers know about the most lucrative segment in the global technical coil coatings market.
Market Segmentation
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Reasons to invest in this report
This exhaustive research publication presents all the critical information pertaining to the global technical coil coatings market that a reader intends to know. In order to maintain factual accuracy throughout the report, our researchers have used a unique research methodology to obtain the final conclusions of the report. This methodology involves in-depth primary and secondary research. This also includes data collection from different sources such as industry expert interviews, company websites, financial reports, white papers, etc. We have conducted over 55 primary interviews across five continents, and we have had discussions with key personnel such as CEOs, purchasing managers, directors, engineers etc. The data gathered from all these sources adds great value to the report. Competitive landscape helps business enterprises know their competitors well and take necessary actions to stay ahead in this market. Information on market dynamics helps the readers know which products or segments are likely to experience high demand in the near future and which region can prove to be the most lucrative in the global technical coil coatings market.
Key assumptions made during the drafting of the report
- Yearly change in inflation rate has not been considered while forecasting the market numbers
- Average Selling Price (ASP) has been considered to determine market values
- Bottom-up approach has been used to counter-validate the market estimations
- All values for market size are presented in US$ (US Dollar)
- All volumes for market size are in KT
- All the indicated denominations are in US$ (US Dollar)