London, 04 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the global coil coatings market 2015-2019, which is expected to grow at a CAGR of 6.51% during the forecast period of 2014-2019.
The market is expected to be predominantly driven by macroeconomic factors such as rising GDP and income levels of people living in emerging economies such as China and India. Moreover, newer applications, such as smog protection and antimicrobial applications, which will boost market growth opportunities in the coming years.
“Infrastructural growth, the fast-growing metal industry, and abundant availability of natural resources in these regions will contribute to market growth,” says Faisal Ghaus, Vice President of Technavio.
“The infrastructure industry, which has high requirement for coated steel and aluminum, accounts for large volume consumption of coil coatings.”
Key Market Drivers
- Economic Benefits
- Rising Demand from End-use Industries
- Stringent Government Regulations Concerning Sustainability
- Growing Demand from Fluoropolymer Coatings Market
Key Market Trends
- New Applications
- Growing Demand from Emerging Economies
- Technological Advances
Key Market Vendors
- AkzoNobel
- BASF SE
- Beckers Group
- PPG Industries
- Valspar
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%…
