Coil Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023

Metal coils are an important component in many undertakings, including construction and automotive design. Due to the crucial role coils play in various applications in the aforementioned industries, their longevity needs to be ensured. Coil coatings are used for just this purpose. Coil coatings, which can be of various types and are used according to the application, are primarily applied over metal coils to enhance their corrosion resistance. Corrosion of metal coils can endanger the structural integrity of the design, which illustrates the importance of coil coatings. The rising demand from the construction and automotive industries around the world has propelled the global coil coatings market at a rapid pace in the last few years. The market was valued at more than US$4 bn in 2014 and is expected to rise to a valuation of US$6.3 bn in 2023. This projected expansion translates into a CAGR of 5.2% from 2015 to 2023.

Coil Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023

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