COIL COATINGS MARKET ANALYSIS

Market Challenges And Opportunities

Need for cost-effective and durable coatings are firing the demand for coil coatings, especially in Asia Pacific and Middle East regions. Replacement of metals by plastics is one of the inhibiting factors for coil coating market. AkzoNobel, a leading coatings and paints manufacturer inaugurated a new coatings plant in Noida, Uttar Pradesh with an investment of US$ 46.5 million (INR 3 crore), the new facility has added 6000 kl of annual production in coatings. This will help the company to penetrate the Asia Pacific market and increase the supply chain. Major companies operating in the coil coatings industry include BASF SE, Henkel AG & Henkel AG & Company, DuPont, The Beckers Group, Kansai Paint Chemical Limited, AkzoNobel, PPG Industries Inc., The Sherwin-Williams Company, and Wacker Chemie AG.