Market Size of North America Coil Coatings Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 5.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Coil Coatings Market Analysis
The North America coil coatings market is expected to register a CAGR of over 5%, during the forecast period. Coil coatings find their application in the manufacturing of typical components, such as sheet and panels for containers, caravan and interior, insulated boxes, trailer bodies, road, and railway coaches, among others.
- Rising construction activities across North America is augmenting the growth of the market.
- Increasing demand for lightweight materials in the automobile industry is likely to hinder the market growth.
- Increasing demand for fluoropolymer coatings for architectural applications is projected to act as an opportunity for the market in the future.