Summary
MEA Coil Coating Market-Segmented by Product Type , End-user Industry and Countries-Trends and Forecasts ( 2017-2022 ).
Description
The MEA Coil Coating Market was valued at USD XX billion in 2015 and is projected to reach USD XX billion by 2020 , at a CAGR of XX % during the forecast period from 2015 to 2020 . Coil Coatings is a continuous process of painting metal sheets before fabrication and applied to various applications such as automotive and the exteriors of the buildings . The pre-painted metals can be molded into any shape and size , providing many aesthetic colors and texture options , and high resistance to weathering for long-term usage , thereby making it suitable to be used in varied applications . The economic benefits associated with such as recyclability without the loss of quality and meeting all stringent standards EPA increases their usage in the many end-use applications .
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Coil Coatings , owing to their eco-friendly and low-toxic nature ; high tensile strength , and high initial adhesion properties is becoming an integral part of various commercial and industrial sectors . In the Coil Coatings market report , we have taken the following major end-user sectors into consideration : Building and Construction , Industrial and Domestic Appliances , Transportation , Home and Office Furniture , HVAC and Others . The Transportation segment is the fastest growing segment in the market and accounted for more than XX . XX % share of the MEA Coil Coatings Market in 2015 .
This market is driven by a number of factors , such as the economic benefits associated with coil coatings , innovative end-use applications , and accelerating demand from construction industry . However , this market faces certain drawbacks , such as higher cost of pre-painting metal sheets , and the lack of awareness in Middle Eastern and African countries . These factors may act as a roadblock to the growth of the market .
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According to the type of resin used in the production , the market has been segmented into Polyester , Acrylics , Epoxy , Polyurethanes , Plastisols , Fluoropolymer , and Others . Polyester , Polyurethane ( PU ), and Acrylics will grow at a healthy pace during the forecast period . .
The market has also been geographically segmented into Saudi Arabia , South Africa , UAE and Rest of MEA . In terms of consumption in 2015 , Saudi Arabia and UAE led the market with a share of XX . XX %. With the improvement in the financial status of the consumers , the purchasing power of the middle class consumers has increased , which in turn is accelerating the demand for consumer appliances and infrastructure in MEA region , in turn making these countries an area of immense potential and opportunities . However , the lack of awareness in these developing countries has considerably hindered the growth of this market .
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