- The key vendors in the coil coatings market in APAC 2015-2019 are AkzoNobel, BASF SE, PPG Industries and Valspar
London, 16 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the coil coatings market in APAC 2015-2019. Demand for fluoropolymer coatings is one of the key trends being witnessed in this market. Manufacturers of fluoropolymer coatings are developing polyvinylidene difluoride with features such as self-cleaning abilities and improved dirt pickup for architectural applications. This will boost demand for coil coatings, especially in emerging countries such as China and India, because of industrial and infrastructural development in these countries. The coil coatings market in APAC 2015-2019 is projected to grow at a CAGR of 6.76% during the forecast period of 2014-2019.
Macroeconomic factors such as rising GDP and high income levels, especially in emerging economies such as China and India, will drive the market. Infrastructural growth, the fast-growing metal industry, and abundant availability of natural resources in these regions will contribute to market growth. There has been increased demand for highly efficient packaging material for storage and transportation applications largely because of the low cost and high quality offered by pre-painted coatings.
“Vendors in the market are developing technologies to produce coil coatings that have advanced quality features, are eco-friendly, emit less carbon dioxide during production, and do not contain many heavy metals,” says Faisal Ghaus, Vice President of Technavio Research.
“Use of new technologies such as UV and NIR will shorten the curing process and allow cost-efficient production of coil coatings.”
To define the market conditions 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.
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