London, 15 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the coil coatings market in Nordic region 2015-2019, which is expected to grow at a CAGR of 6.84% by revenue during the period of 2014-2019.
Growing demand from the construction and housing sectors facilitate growth in this market. Factors such as increased investments in the housing and construction sectors coupled with an increase in household consumption owing to favorable household wealth has contributed to the healthy GDP of the Nordic region, which in turn boosts market growth. Also, stringent government regulations that favor environment-friendly products have resulted in the growing demand for green houses, which in turn fosters market growth.
“Coil coatings are now being used in applications that require smog protection and antimicrobial properties. Antimicrobial coatings are used in commercial buildings, restaurants, hotels, schools, among others,” says Faisal Ghaus, Vice President of Technavio.
“Antimicrobial coatings that contain metal pigments heat exchange in HVAC applications and are finding increased acceptance in the consumer appliance sector. The rapid growth in the infrastructure sector, mainly in emerging economies, is expected to propel growth.”
Key Market Drivers:
- Economic Benefits.
- Growing Demand from End-users.
- Stringent Government Regulations toward Sustainability.
- Huge Demand from Fluoropolymer Coating Market.
Key Market Trends:
- Growth in Green Buildings.
- New Applications.
- Technological Advancements.
Key Market Vendors:
- AkzoNobel
- BASF
- Beckers Group
- PPG Industries
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
