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ALBANY, N.Y. , June 29, 2022 /PRNewswire/ -- The global coil coatings market is prognosticated to register growth at a CAGR of 5.2% during the forecast period of 2022 to 2031, as per a study by Transparency Market Research (TMR).
This report sheds light on different factors influencing the growth of the global coil coatings market including the growth drivers, challenges, expansion avenues, and R&Ds. This aside, this study enlightens readers on different trends in the coil coatings market.
Coil coatings are gaining traction owing to their infrared pigments technology and other features such as esthetic appearance and durability. As a result, the coil coating technology is being used in a wide range of applications such as automotive, appliances, and construction.
With rise in the adoption of bio-based coatings across the globe, key vendors in the coil coatings market are increasing R&Ds in order to develop such products. This aside, companies are focusing on advancing their production speed, precision, and quality of their products. Moreover, enterprises are executing acquisition strategies in order to expand their presence in newer regions. Such efforts are prognosticated to impact positively on the future of coil coatings market.
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Coil Coatings Market: Key Findings
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Coil Coatings Market: Growth Boosters
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Coil Coatings Market: Key Players
Some of the key players profiled in the report are:
BASF SE, Akzo Nobel N.V, The Valspar Corporation, PPG Industries Inc, Henkel AG & Co. KGaA, Beckers Group, The Dow Chemical Company, Dura Coat Products Inc, Bulk Chemicals Incorporated, Nippon Paint Co. Ltd, Axalta Coating Systems LLC
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