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Global Technical Coil Coatings Market: Overview

Technical coil coatings offer several properties such as high flexibility and excellent stain and corrosion resistance. The building industry accounts for the largest share in the global technical coil coatings market. Increasing penetration of technical coil coatings in the end-use industries is projected to tremendously increase the market’s growth over the forecast period.

Global Technical Coil Coatings Market: Notable Developments

Below are a few notable developments that may aid the growth of the global technical coil coatings market:

  • The environmentally friendly coil coatings developed by Shewin-Williams Coil Coatings have highly steered the growth opportunities of the market. They have incorporated recycled materials in the manufacturing of these coil coatings. Additionally, they reduced the VOCs by using a high percentage of solids and introducing ways to eliminate waste. In addition to the environmental benefits, their coatings also offer high sustainability. Rising environmental concerns have led to a great adoption of this product, thereby fuelling the global technical coil coatings market’s growth.
  • Dura Coat has developed a new water base air-dry PVDF called Hydropon. It is a high performance construction industry coating formulated to revitalize old roofs to look brand new. It offers an excellent solar reflectance value and ensures protection from humidity, acid rains, and extreme temperatures. Moreover, it provides a smooth surface and restores the beauty of the roof. Such developments have presented new growth opportunities for the technical coil coatings market.

Prominent industries in the global technical coil coatings market include BASF SE, Shewin-Williams Coil Coatings, Kansai Paint Chemical Ltd., and Henkel AG & Co.

Global Technical Coil Coatings Market: Key Growth Dynamics

Increasing applications of coil coating in the construction and building industry have significantly contributed to the expansion of the global technical coil coatings market. The infrared technology in the coil coatings aids in easing the building’s interior temperature, thereby saving energy. Moreover, low cost and the aesthetic benefits offered by coil coated metals have led to extensive use of these metals in the furniture industry. This has played a key role in propelling the technical coil coating market’s growth.

Additionally, the superior corrosion resistance offered by coil coated metals allows the manufacturers to give extended corrosion warranty. This has led to an increase in the consumer base of the market, thereby expediting its growth. Furthermore, rising environmental concerns have facilitated an increase in the production and adoption of bio-based coatings, thereby surging the global technical coil coatings market’s growth.

In addition to the aforementioned drivers, increasing applications of coil coatings in the automobile industry have ushered the technical coil coatings market’s growth. Along with this, the use of technical coil coatings in making debris prevention systems has spurred the industry’s growth.

On the flipside, there are a few restraints that may thwart the global technical coil coatings market’s growth. Factors such as stringent government regulations pertaining to the emission of harmful Volatile Organic Compounds (VOCs) may hinder the technical coil coatings market’s growth. Nonetheless, the development of new eco-friendly coil coatings that facilitate waste reduction may offset the effects of the restraints.

Global Technical Coil Coatings Market: Regional Outlook

On the geographical front, Asia Pacific dominates the global technical coil coatings market. The growth in this region can be attributed to a booming construction and automotive industry. China is the major driver of the market’s expansion in this region. North America is expected to display a steady growth. The market’s growth in this region is majorly driven by the growing pharmaceutical industry in U.S.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Technical Coil Coatings Market

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