The global Coil Coatings Market Growth Accelerated by Sustainability Trends
Coil coatings are coating compositions applied to continuous coils of sheet metal during continuous processing. These coatings offer superior corrosion resistance and durability on steel or aluminum coils that are used in a variety of applications such as architectural products, appliances, automotive parts. The growing construction industry has fueled the demand for coil coatings owing to their advantages such as durability, resistant to corrosion, and easy maintenance. The global Coil Coatings Market is estimated to be valued at US$ 1,510.97 Bn in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Sustainability trends have been accelerating growth in the coil coatings market . Rising environmental consciousness among consumers and regulators has increased demand for eco-friendly coil coatings. Major players are focusing on developing bio-based and recyc...