#Coil Coatings Market Share Coil Coatings Market Growth Coil Coatings Market Demand Coil Coatings Market Trend Coil Coatings Market Analysis

[pearlsmith25]

Coil Coatings Chemicals Market Insights: A Comprehensive Industry Analysis

Coil coatings are applied to steel or aluminium rolled coils which are then shaped and formed for use in home appliances, automotive components, building & construction and other industrial applications. Coil coatings provide superior corrosion resistance, durability and architectural finishes to metal coils. With increased construction activities globally, demand for pre-painted metal coils for roofing, sidings, doors and other architectural components is growing substantially. 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 Opportunity Increased demand from construction industry: Growth in the construction industry, especially in Asia Pacific region is driving demand for pre-painted or coated metal products like roofing, sidings, doors and other architectural components. Emerging economies are witnessing increased investment in infrastructure development and commercial construction which is fueling the consumption of coil coatings. The opportunity of more than 7% annual growth in the global construction industry until 2030 will continue to drive the coil coatings market during the forecast period. Porter's Analysis Threat of new entrants: Low capital requirements required to enter the coil coating market poses low threat. However, established presence of key players and customers loyalty increases entry barriers. Bargaining power of buyers: Large buyers like construction and automotive industries have significant bargaining power. However, specialized needs of coil coating keeps buyers dependency in check. Bargaining power of suppliers: Suppliers of raw materials like resins and pigments wield some bargaining power. However, availability of substitutes mitigates their influence. Threat of new substitutes: Limited threat as coil coating provides corrosion protection and longevity than alternatives. However, new technologies can disrupt the market. Competitive rivalry: Intense competition amongst key global players. Large players focus on expanding product portfolio and regions to win market share. SWOT Analysis Strength: Wide applications in construction and transport industries generating high demand. Superior protective and aesthetic properties than traditional methods. Weakness: Heavy dependence on cyclical end-use industries impacting sales. Require high capital and operating costs. Opportunity: Expanding construction and automotive manufacturing sectors especially in Asia present new opportunities. Growing DIY culture and e-commerce also support market growth. Threats: Volatility in raw material prices and regulations around VOC emissions. Shift towards more sustainable products pose threats. Key Takeaways The global coil coatings market is expected to witness high growth during the forecast period supported by growing construction activities worldwide. 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.

Asia Pacific dominates the global coil coatings market and is expected to maintain its lead over the forecast period. This can be attributed to high industrial and construction activities in major economies like China and India. China alone accounts for over 50% of the regional market share. Additionally, ongoing infrastructure development projects, affordable housing schemes and growing automotive manufacturing will continue driving the market growth. Other high potential markets in Asia include Japan, Indonesia, Malaysia and Thailand. Key players operating in the coil coatings market are Beckers Group., Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd. Leading players are focused on new product development, mergers and acquisitions to expand their global presence. They are also investing in innovation and sustainability initiatives to cater changing market demands.

[chemicalsources]

Coil Coatings Market Exploration: Discovering New Avenues for Expansion

[reedintelligence]

Steel Rebar Market Analysis: Top Players, Size, Share, Segmentation, and Emerging Trends for Future Scope 2024-2032

The latest Global Steel Rebar Market by straits research provides an in-depth analysis of the Steel Rebar Market, including its future growth potential and key factors influencing its trajectory. This comprehensive report explores crucial elements driving market expansion, current challenges, competitive landscapes, and emerging opportunities. It delves into significant trends, competitive strategies, and the role of key industry players shaping the global Steel Rebar Market. Additionally, it provides insight into the regulatory environment, market dynamics, and regional performance, offering a holistic view of the global market’s landscape through 2032.

The global steel rebar market size was valued at USD 240.29 billion in 2022 and is predicted to reach USD 428.50 billion by 2031, increasing at a CAGR of 6.1% from 2023 to 2031.

Competitive Landscape

Some of the prominent key players operating in the Steel Rebar Market are 

ArcelorMittal

Nippon Steel Corporation

JFE Steel Corporation

Aichi Steel Corporation

Essar Steel

TATA Steel Ltd

Nucor Corporation

NLMK Group

Gerdau SA

Mechel

Celsa Group

Steel Dynamics, Inc.

Hyundai steel co., ltd

Evraz Plc

Acerinox S.A.

Get Free Request Sample Report @ https://straitsresearch.com/report/steel-rebar-market/request-sample

The Steel Rebar Market Research report delivers comprehensive annual revenue forecasts alongside detailed analysis of sales growth within the market. These projections, developed by seasoned analysts, are grounded in a deep exploration of the latest industry trends. The forecasts offer valuable insights for investors, highlighting key growth opportunities and industry potential. Additionally, the report provides a concise dashboard overview of leading organizations, showcasing their effective marketing strategies, market share, and the most recent advancements in both historical and current market landscapes.Global Steel Rebar Market: Segmentation

The Steel Rebar Market segmentation divides the market into multiple sub-segments based on product type, application, and geographical region. This segmentation approach enables more precise regional and country-level forecasts, providing deeper insights into market dynamics and potential growth opportunities within each segment.

By Material

Bar (Small)

Bar (Large)

Wire

Coil

Others

By Type

Mild Steel Rebar

Deformed Steel Rebar

Carbon Steel Rebar

Stainless Steel Rebar

Galvanized Steel Rebar

Welded Wire Fabric (WWF) Rebar

Others

Coating Type

Plain Carbon Steel Rebar

Galvanized Steel Rebar

Epoxy Coated Steel Rebar

By Grade

40

60

75

80

100

120

150

Others

By End User

Construction

Residential

Commercial

Others

Infrastructure

Roadways

Bridges

Railways

Airports

Others

Oil & Gas

Manufacturing

Agriculture

Others

Stay ahead of the competition with our in-depth analysis of the market trends!

Buy Now @ https://straitsresearch.com/buy-now/steel-rebar-market

Market Highlights:

A company's revenue and the applications market are used by market analysts, data analysts, and others in connected industries to assess product values and regional markets.

But not limited to: reports from corporations, international Organization, and governments; market surveys; relevant industry news.

Examining historical market patterns, making predictions for the year 2022, as well as looking forward to 2032, using CAGRs (compound annual growth rates)

Historical and anticipated data on demand, application, pricing, and market share by country are all included in the study, which focuses on major markets such the United States, Europe, and China.

Apart from that, it sheds light on the primary market forces at work as well as the obstacles, opportunities, and threats that suppliers face. In addition, the worldwide market's leading players are profiled, together with their respective market shares.

Goals of the Study

What is the overall size and scope of the Steel Rebar Market market?

What are the key trends currently influencing the market landscape?

Who are the primary competitors operating within the Steel Rebar Market market?

What are the potential growth opportunities for companies in this market?

What are the major challenges or obstacles the market is currently facing?

What demographic segments are primarily targeted in the Steel Rebar Market market?

What are the prevailing consumer preferences and behaviors within this market?

What are the key market segments, and how do they contribute to the overall market share?

What are the future growth projections for the Steel Rebar Market market over the next several years?

How do regulatory and legal frameworks influence the market?

About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

Contact Us

Email: sales@straitsresearch.com 

Tel: UK: +44 203 695 0070, USA: +1 646 905 0080

[industrynewsupdates]

Key Drivers Behind the Growth of the Waterborne Coatings Market

The global waterborne coatings market was valued at USD 57.67 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. This growth is primarily driven by an increase in construction activities worldwide. The surge in construction, fueled by rapid industrialization and urbanization, is expected to elevate the demand for waterborne coatings during the forecast period. There is a notable shift in coating preferences from low or high-volatility organic solvents to completely solvent-free options, which produce fewer emissions. This trend is likely to further boost the demand for waterborne coatings in both residential and commercial applications. Interior and exterior wall paint formulations predominantly use waterborne coatings, often based on acrylate/styrene dispersions. Manufacturers are concentrating on reducing the average binder requirement in these formulations by 8–12%, ensuring that the performance characteristics remain intact. Additionally, alkyd-based waterborne coatings are favored by many interior decorators due to their ease of application, glossy finish, and superior adaptability to climatic variations during application and drying.

The anticipated increase in automobile production capacities, along with innovations in design and aesthetics, is expected to be a significant driver of market growth in automotive applications. The rise in automobile production is projected to be fueled by population growth and increasing per capita disposable income, particularly in the emerging economies of the Asia Pacific and Latin America regions.

Gather more insights about the market drivers, restrains and growth of the Waterborne Coatings Market

Resin Insights

The acrylic resin segment led the market, capturing the largest revenue share of 83.4% in 2022. The rising demand from the infrastructure and automotive sectors, particularly due to the durability and glossy color retention of acrylic coatings under outdoor exposure, is expected to boost the demand for acrylic waterborne coatings. The need for acrylic resin-based coatings is anticipated to increase significantly in the foreseeable future, driven by expanding applications in radiation curing and electrodeposition.

In the transportation sector, there is a growing need for refinishing coatings for aircraft, automobiles, ships, railroads, and trucks, which is likely to enhance the demand for polyurethane (PU) coatings. These coatings are popular due to their properties such as abrasion resistance, toughness, and chemical and weather resistance. Stricter government regulations aimed at reducing volatile organic compound (VOC) emissions, combined with a shift in consumer preferences towards waterborne coatings over solvent-based alternatives, are significant factors propelling product demand. PU coatings are available in various forms, including oil-modified, two-component, moisture-curing, and lacquers. The rising demand for PU coatings across diverse end-use industries, such as electrical coils and automotive manufacturing, is expected to positively impact segment growth.

Furthermore, the increasing demand for ultra-low VOC, low-odor epoxy resin-based coatings in the transportation sector and DIY flooring applications is projected to drive segment growth during the forecast period. Epoxy coatings are known for their strong adhesion and anti-corrosion properties, making them suitable for metal surface primers. These coatings are also extensively used in electrical insulation applications due to their high heat resistance. The rapidly expanding electrical insulation industry is likely to support the growth of the epoxy coatings segment in the coming years.

Order a free sample PDF of the Waterborne Coatings Market Intelligence Study, published by Grand View Research.

[forblogmostly]

SRU Steels Ltd Sees Over 10% Surge as Board Approves Rights Equity Shares Allotment

On October 15, 2024, SRU Steels Ltd, a penny stock that has drawn attention for its promising growth, experienced a significant surge in its share price. Trading on the Bombay Stock Exchange (BSE), the stock jumped over 10% to reach ₹8.75 per share, rising sharply from its previous closing of ₹8.11. This boost in performance was accompanied by a spurt in trading volume, increasing by over 1.01 times, further solidifying the stock as one of the top gainers on the BSE for the day. The company’s stock, which has a 52-week high of ₹15.20 and a low of ₹7.55, continues to attract investors with its consistent performance in the market.

A key development driving this surge was the allotment of 4,79,51,400 Rights Equity Shares by SRU Steels Ltd's Rights Issue Committee and Board of Directors. The shares were offered at a price of ₹10 per share, with the allotment finalized on September 30, 2024. This follows the Letter of Offer issued on August 27, 2024, and the finalization of the Basis of Allotment in coordination with BSE Limited. With this allotment, the company’s paid-up equity share capital has now increased to ₹47.95 crore, marking a significant milestone in the company’s financial journey.

Established in 1995, SRU Steels Ltd has built a strong reputation in the steel industry, specializing in the trading of stainless steel products. Initially, the company operated primarily as a consignment agent, facilitating transactions on behalf of larger entities. However, over time, SRU Steels expanded its business model to include direct sales, offering a wide range of steel products to customers. These products include stainless and mild steel coils, sheets, and carbon iron steel, allowing the company to tap into various market segments. SRU Steels also serves as a commission agent, selling steel products on behalf of other companies, thus maintaining its consignment business alongside its growing direct sales efforts.

The company’s strategic focus on direct sales has allowed it to carve out a niche in the competitive steel market. It boasts partnerships with major industry players like Jindal Steel & Power Limited, from whom it sources its raw materials. With operations in Delhi and Ahmedabad, SRU Steels has established a strong supply chain by working with reliable suppliers, including Jindal Steel Limited and the Steel Authority of India Limited. Its product offerings include an array of stainless steel items such as sheets, PVC-coated sheets, checkered sheets, coils, pipe fittings, rods, angles, channels, round tubes, and flat bars, all of which are in demand across various industrial sectors.

One of the standout features of SRU Steels Ltd is its debt-free status as of June 2024. With a market capitalization exceeding ₹50 crore, the company is well-positioned to continue its growth trajectory. Its financial health has attracted the interest of investors, particularly those who follow penny stocks, as it offers both stability and potential for future expansion. However, recent financial reports have shown mixed results. The company’s quarterly results for Q1FY25 and the annual results for FY24 reflect both achievements and challenges, underscoring the importance of continued monitoring by investors.

For those who follow the penny stock market, SRU Steels Ltd is a company worth watching. Its strong ties to major steel suppliers, growing presence in the direct sales market, and debt-free balance sheet make it a compelling option for investors looking for opportunities in the micro-cap space. With the recent rights issue and surge in stock price, SRU Steels Ltd is positioning itself for further growth and success in the steel trading industry.

Investors interested in SRU Steels Ltd and other similar opportunities can explore DSIJ’s ‘Penny Pick’ service, which offers research-backed recommendations for penny stocks priced below ₹100.

[industryinsightsandanalysis]

Aluminium Composite Panels Market: Current Analysis and Forecast (2022-2028)

Aluminium Composite Panels (ACPs) are panels made of a non-toxic polyethylene (PE) core and two pre-coated, thermally bonded aluminium skins on either side. In the extract, they are flat panels constructed of an aluminium composite material that consists of two thin coil-coated sheets of aluminium connected to a core made of another material. ACPs are also utilized in the construction of insulation, signs, and outside facades or cladding.

The Aluminium Composite Panels Market expected to grow at a steady rate of around 6% owing to the increasing demand from the building & construction industry. Major companies in the market offer ACPs for building & construction applications with technologically advanced features. For instance, in 2019,Arconic Inc. launched an aluminium composite panel, Reynobond with EcoClean, which is a self-cleaning panel that uses sunlight to break down dirt and other organic materials.

According to UnivDatos Market Insights (UMI)’ research report “Global Aluminium Composite Panels Market”, the market expected to witness robust growth during the forecast period (2022-2028). This is mainly due to high-rise buildings coupled with the launch of ACPs with advanced features.

Based on product type, the market segmented into polyvinylidene fluoride (PVDF), polyester (PE), and others. The polyester aluminium composite panels (PE) category is to witness the highest CAGR during the forecast period. PE aluminium composite panels are composite materials made of a polyethylene core sandwiched between two thin sheets of aluminum. PE is used for a variety of applications, including exterior and interior building cladding, signage, and even as partitions or furniture. Thus, PE aluminium composite panels offer a cost-effective and versatile solution for various architectural and design applications.

Based on the type, the market is categorized into fire resistant, antistatic, and antibacterial. Among these, antibacterial are to hold a significant share of the market in 2021. This is mainly due to the ACPs that have been specially treated with antibacterial agents to prevent the growth of bacteria, viruses, and other microorganisms on their surfaces. This is particularly important in environments where hygiene is a critical concern, such as hospitals, clinics, laboratories, and food processing plants. Thus, escalating the use of antibacterial ACPS in the market.

APAC to witness extensive growth

For a better understanding of the market adoption of the aluminium composite panels industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing demand for sustainable and low-maintenance building materials that offer both aesthetic and functional benefits leading to the growth of aluminium composite panels in the region. Moreover, the APAC region, including countries such as China, India, and Australia, is one of the largest and fastest-growing markets for aluminium composite panels. As the construction industry in these countries is rapidly expanding. Since aluminium composite panels are a prevalent choice for building cladding and decoration due to their affordability, durability, and versatility.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Aluminium Composite Panels market are Arconic Corporation; ALUBOND U.S.A.; ALUMAX COMPOSITE MATERIAL (JIANGYIN) CO., LTD.; Mitsubishi Chemical Corporation.; 3A Composites; Alstrong Enterprises India (Pvt) Limited; Msenco Metal; Fairfield Metal; Viva Aluminium Composite Panel; Alcoa Corporation.

“Global Aluminium Composite Panels  Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Request Free Sample Pages with Graphs and Figures Here https://univdatos.com/get-a-free-sample-form-php/?product_id=37129

Market Segmentation:

By Product Type (Polyvinylidene Fluoride (PVDF), Polyester (PE), and Others)

By Type (Fire Resistant, Antistatic, and Antibacterial)

By Vehicle Type (Passenger Cars and Light Commercial Vehicles)

By Application (Building & Construction, Advertisement Boards, Automotive, Railways, and Others)

By Region (North America, Europe, Asia-Pacific, Rest of the World)

By Company (Arconic Corporation; ALUBOND U.S.A.; ALUMAX COMPOSITE MATERIAL (JIANGYIN) CO., LTD.; Mitsubishi Chemical Corporation.; 3A Composites; Alstrong Enterprises India (Pvt) Limited; Msenco Metal; Fairfield Metal; Viva Aluminium Composite Panel; Alcoa Corporation)

Key questions answered in the study:

What are the current and future trends of the global aluminium composite panels industry?

How the industry has been evolving in terms of product type, type, vehicle type, and application?

How the competition has been shaping across the countries followed by their comparative factorial indexing?

What are the key growth drivers and challenges for the global aluminium composite panels industry?

What is the customer orientation, purchase behaviour, and expectations from the global aluminium composite panels suppliers across various region and countries?

Browse Related Newsletter from UnivDatos Market Insights

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About Us:

UnivDatos Market Insights: Your Partner in Data-Driven Market Strategies. Unlock growth opportunities and make smart decisions with our expert research and insights.

Contact us:

UnivDatos Market Insights (UMI)

Email: contact@univdatos.com

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Ph: +91 7838604911

[downincmi]

Coil Coating Market: Navigating Regulatory Challenges for Growth

Coil coatings are coating materials that are applied as a thin layer protective film onto metal coils and sheets. They help protect the underlying substrate from corrosion and other environmental damages. Coil coatings provide excellent gloss retention and color stability. They find applications in construction, appliances, automobiles and other general industrial applications.

The global coil coatings market size is estimated to be valued at US$ 1,510.97 billion in 2024 and is expected to exhibit a CAGR of 4.3% over the forecast period from 2023 to 2030. Key Takeways Key players operating in the coil coatings market are Beckers Group., Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd. Key players are focusing on developing bio-based and sustainable coil coating products to capitalize on the growing environmental consciousness. For instance, Beckers Group offers Beckryl waterborne and sustainably certified coil coatings. The growing construction industry across the globe is driving the demand for coil coatings. Coil coatings find widespread application in roofing, siding, decking, and other building components in the construction of commercial and residential buildings. Rapid urbanization and infrastructure development are augmenting the growth of the global construction industry. Geographic expansion into emerging economies is another key trend observed in the coil coatings market. Leading manufacturers are focusing on setting up production facilities or acquiring regional players in high growth markets like Asia Pacific, Middle East & Africa and South America. This allows them to better serve the local demand and leverage growth opportunities. For example, AkzoNobel has production sites across 20 countries to serve customers globally. Market key trends Sustainable product innovation is a major trend in the coil coatings market. Customers are increasingly preferring eco-friendly coatings manufactured using bio-based resins and low or zero VOCs. To cater to this demand, manufacturers are investing in R&D to develop novel and greener coating formulations. For instance, Beckers Group offers Xyladecor coil coating made from wood extracts and Nippon Paint provides Novacq water-based coil coating with very low environmental footprint. Such innovations will drive further revenue growth of the market over the coming years.

Porter’s Analysis Threat of new entrants: New entrants face high capital requirements to enter the mature coil coatings market.

Bargaining power of buyers: Large buyers in the automotive and construction industries can negotiate lower prices from suppliers due to their purchasing power.

Bargaining power of suppliers: The presence of many suppliers ensures that no individual supplier has significant influence over prices.

Threat of new substitutes: There exists a threat from substitute materials like powder coatings and galvanizing for end-use applications.

Competitive rivalry: The rivalry among existing players is very high as they compete on the basis of product quality, price and service. Geographical Regions North America accounted for the largest share of the global coil coatings market in terms of value in historical year. This is attributed to the presence of well-established construction and automotive industries in the region. Asia Pacific is expected to be the fastest growing geographical market for coil coatings between the forecast period. This growth can be attributed to increasing automobile production and construction activities in developing countries like China and India.

[coherentmarketinsights]

Shaping the Future: Exploring Innovations in the Coil Coatings Market

Coil Coatings Market is Estimated to Witness High Growth Owing to Increased Demand from Construction Industry Coil coatings are thin layer steel or aluminum coils used for corrosion resistance and aesthetics appeal. These coatings provide long-lasting protection to metal coils from atmospheric and environmental conditions. Increase in construction activities across the globe has augmented the demand for pre-coated metal sheets which is driving the growth of coil coatings market.

The Global coil coatings market is estimated to be valued at US$ 1,510.97 Bn in 2024 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the Coil coatings are Beckers Group., Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd. These players are focused on new product launches and expansions to gain higher market share. There are significant opportunities in end-use industries like construction, appliance, and automotive. Rapid urbanization and infrastructure development projects in emerging economies will boost the demand for pre-coated metal sheets. Asia Pacific dominates the global coil coatings market and the growth is expected to continue owing to increasing construction activities in China and India. Other regions like North America and Europe are also expected to showcase considerable growth due to recovery in construction sector. Market drivers The main driver boosting the coil coatings market is increased demand from the construction industry. Rising disposable incomes and changing lifestyles are fueling residential construction in developing countries. Moreover, ongoing mega infrastructure projects like roads, bridges, airports, sea-ports require large volumes of pre-coated metal sheets thus driving the market. Rapid industrialization and growth in automotive manufacturing especially in Asia is augmenting the consumption of coil coatings. PEST Analysis Political: Coil coatings market is influenced by government regulations regarding the use of environment-friendly coatings and VOCs emissions. Stringent regulations in Europe and North America regarding emission levels can impact market dynamics. Economic: Growth of the construction and automotive industries expands market opportunities for coil coatings. Increasing demand for sustainable and durable building materials also drives demand. Business cycles and foreign trade policies affect regional markets. Social: Rising environmental awareness increases demand for low-VOC and sustainably manufactured coil coatings. Shifting lifestyle and housing preferences influence construction trends and subsequent coating needs. Technological: Developments in metallic pigments, nanotechnology, and ultraviolet (UV)-cured coatings enhance product functionality. Digital printing technology expands design options. Automation improves production efficiency. Regions with Highest Market Concentration (by Value) Asia Pacific accounts for the largest share of the global coil coatings market due to high economic growth and the increasing application of coil coatings in the construction industry. China leads demand in the region supported by its position as the world's largest construction market. North America and Europe are also significant regional markets with importance placed on sustainability and environmental regulations supporting low-VOC coil coating technologies. Fastest Growing Regional Market The Asia Pacific region, specifically emerging countries such as India and Southeast Asia, are expected to offer the most lucrative market opportunities through 2030. Rapid urbanization, growing population, rising income levels and increased construction investments will drive coil coating uptake to support infrastructure and real estate development projects. Government initiatives to boost manufacturing also benefit market growth. Technological advancements enabling enhanced design capabilities further augment regional market prospects.

[sophiagrace3344]

Global Aluminium Cans Market Analysis 2024-2032

The packaging industry has been a dynamic and evolving sector, constantly adapting to meet the changing needs and preferences of consumers worldwide. One such segment within packaging that has witnessed remarkable growth and innovation is the aluminium cans market. In this comprehensive article, we will explore the global aluminium cans market, analyzing its current landscape, anticipated growth, key players, market dynamics, segmentation, recent developments, regional insights, emerging trends, industry news, and FAQs. Join us on this journey through the world of aluminium cans, as we delve into the factors shaping its trajectory from 2024 to 2032.

Report Overview

The global aluminium cans market size is a thriving and lucrative segment of the packaging industry. In 2023, it achieved a significant milestone by reaching a market value of USD 49.70 billion. What's more exciting is that this market is poised for sustained growth, with a projected Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period of 2024-2032. This growth is attributed to various factors, including the eco-friendly nature of aluminium cans, increased consumer demand, and the versatility of the product.

Market Size

The market size of the global aluminium cans industry is a testament to its importance and relevance. The market's value of nearly USD 50 billion in 2023 underscores the significant role aluminium cans play in the packaging of various products, from beverages to cosmetics and beyond.

Market Dynamics

Key Drivers

Sustainability: Aluminium cans are highly recyclable, making them an environmentally friendly packaging option. The global focus on sustainability and reducing carbon footprints has driven the adoption of aluminium cans.

Convenience: Aluminium cans are lightweight, easy to open, and offer excellent protection to the contents. These features align with consumer preferences for convenience and on-the-go consumption.

Health and Safety: Aluminium cans ensure the freshness and safety of food and beverages, maintaining product integrity.

Consumer Preferences: The appeal of aluminium cans, especially in the beverage industry, extends to branding, aesthetics, and customizability.

Key Challenges

Raw Material Costs: Fluctuations in aluminium prices can impact production costs, potentially affecting the market's growth.

Competition from Alternative Packaging: Other packaging options, such as PET bottles and glass containers, provide alternatives to aluminium cans and compete for market share.

Recycling Infrastructure: The effectiveness of aluminium can recycling depends on well-established recycling infrastructure, which may not be available in all regions.

Key Players

The global aluminium cans market is competitive and populated by key players and manufacturers who are shaping the industry's trajectory. Some of the prominent companies in this market include:

Ball Corp.

Crown Holding, Inc.

Norsk Hydro ASA

Others

These industry leaders continually innovate to meet consumer demands, address sustainability concerns, and stay competitive in the global market.

Segmentation

The aluminium cans market can be segmented based on various factors, including:

By Component Insights

Raw Material: Aluminium sheets and coils are the primary raw materials used in can manufacturing.

Printing Inks: Printing inks are essential for branding and labeling on aluminium cans.

Other Components: Various coatings, lacquers, and sealing compounds are applied to aluminium cans for preservation and sealing.

By End-User Insights

Beverages: Aluminium cans are extensively used for packaging carbonated soft drinks, alcoholic beverages, energy drinks, and more.

Food: Canned foods, such as soups, vegetables, and pet food, are often packaged in aluminium cans.

Cosmetics and Personal Care: Some cosmetic products, including hairsprays and deodorants, are available in aerosol cans made of aluminium.

By Regional Insights

North America: The United States and Canada are major consumers of aluminium cans, primarily due to the popularity of canned beverages.

Europe: European countries are actively adopting aluminium cans, especially in the beer and soft drink industries.

Asia-Pacific: Rapid urbanization, increasing disposable income, and changing consumer preferences are driving the demand for aluminium cans in this region.

Rest of the World: Regions like the Middle East and Africa are also witnessing the expansion of the aluminium cans market.

Recent Developments

The aluminium cans industry is continually evolving, with recent developments that are shaping its future:

Lightweighting: Manufacturers are focusing on producing thinner and lighter cans to reduce material usage and enhance sustainability.

Innovative Packaging: Introduction of innovative can designs and easy-open features to cater to consumer preferences.

Recycling Initiatives: Collaborative efforts by governments, manufacturers, and NGOs to promote aluminium can recycling and circular economy practices.

Market Trends

Several trends are influencing the aluminium cans market:

Craft Beverages: The rise of craft beers, sodas, and energy drinks has created a demand for unique and eye-catching can designs.

Health and Wellness: Aluminium cans are being used to package healthier beverage options, including sparkling water and functional drinks.

Online Retail: The growth of e-commerce has led to increased demand for canned goods, which are convenient for shipping and storage.

Industry News

Stay informed with the latest industry news:

Sustainability Initiatives: Companies are committing to sustainability goals, such as using recycled aluminium and reducing carbon emissions.

Supply Chain Challenges: The industry is addressing supply chain disruptions caused by factors like the COVID-19 pandemic and transportation issues.

Technological Advancements: Investments in automation and digitalization are optimizing manufacturing processes.

FAQs

1. What Are the Environmental Benefits of Aluminium Cans?

Aluminium cans are highly recyclable, with a recycling rate that surpasses many other packaging materials. Recycling aluminium cans saves energy, reduces greenhouse gas emissions, and conserves natural resources.

2. What Factors Are Driving the Growth of the Aluminium Cans Market?

Key drivers include sustainability concerns, consumer demand for convenient packaging, health and safety benefits, and the customizability of aluminium cans for branding.

3. Which Industries Use Aluminium Cans?

Aluminium cans are used in various industries, including beverages (carbonated drinks, beer, energy drinks), food (canned vegetables, soups), and cosmetics (aerosol cans).

4. How Do Fluctuations in Aluminium Prices Affect the Market?

Fluctuations in aluminium prices can impact production costs, potentially leading to price fluctuations for products packaged in aluminium cans.

5. Are There Innovations in Aluminium Can Design?

Yes, innovations include lightweighting, unique can designs for craft beverages, and easy-open features for consumer convenience.

[chemicalresearchupdates]

Coil Coating Applications Across Industries: An In-depth Market Analysis

Coil coatings are protective and decorative liquid coatings applied to continuous coils of sheet metal before fabrication and construction. They provide long-lasting corrosion resistance, durability and attractive appearance to metal roofing, siding, rain gutters, HVAC equipment, automobiles and appliances. The growing construction industry across the globe is leading to rising demand for metal coatings in end-use industries like construction and automobiles. The global coil coatings market is estimated to be valued at US$ 1,510.97 billion 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 Opportunity: The opportunity to increase decorative appeal and extend lifecycle of metal coatings is expected to drive the growth of coil coatings market over the forecast period. Coil coatings are extensively used in metal building products as they provide aesthetic appeal along with UV protection and corrosion resistance. They can be easily customized with different textures and gloss levels to match the interior and exterior design trends in construction. This allows architects and builders to be more creative and customize the look of metal buildings. Furthermore, coil coatings stay on the metal surface and resist fading, peeling or cracking for decades, extending the service life of metal parts and reducing maintenance costs. Their longevity and low lifecycle costs are major attractions for construction and durable goods industries. Rising commercial construction and replacement demand for long-lasting metal coatings will support the market growth. Porter’s Analysis

Threat of new entrants: The threat of new entrants in the coil coatings market is moderate. High capital investment required for starting a production facility poses significant entry barriers. However, the availability of raw materials and technologies makes new market entry feasible.

Bargaining power of buyers: The bargaining power of buyers in the coil coatings market is high. Buyers have various established coil coating manufacturers to choose from. They can negotiate on price and demand better quality and service.

Bargaining power of suppliers: The bargaining power of suppliers is moderate. Major raw materials like resins and pigments have numerous global suppliers. However, suppliers may have some control over price and supply due to their specialized manufacturing process.

Threat of new substitutes: The threat of substitutes is low. There are limited substitutes for coil coatings which provide corrosion protection and aesthetic appeal for building exteriors. However, demand for substitutes like PVDF coatings is increasing.

Competitive rivalry: The competitive rivalry in the global coil coatings market is high due to presence of numerous global and regional players. Manufacturers focus on new product development, geographical expansion, and strategic alliances to gain market share.

SWOT Analysis

Strengths: Growing construction industry worldwide resulting in increased demand for pre-painted steel/aluminum coils. Coil coatings offer protection against UV radiation, corrosion and scratches.

Weaknesses: Strict environmental regulations regarding VOC emissions requiring ongoing formulations changes. Fluctuating raw material prices affect the overall product cost.

Opportunities: Rising use of coil coatings in end-use industries like automotive, appliances, and packaging. Development of sustainable waterborne and powder coatings technologies.

Threats: Availability of alternative coating materials like PVDF and architectural PVC films. Threat from aluminum composites due to their lightweight and rust-resistant property. Stringent health and safety regulations regarding use of hazardous chemicals.

Key Takeaways

aThe global coil coatings market is expected to witness high growth at a CAGR of 4.3% during the forecast period of 2023 to 2030. The market size was valued at US$ 1,510.97 billion in 2023 and is projected to reach US$ 2,153.96 billion by 2030. Regional analysis- Asia Pacific region dominated the global coil coatings market in 2023 with a share of more than 40%. China led the regional market owing to largest construction industry. India and Southeast Asian countries are expected to be fastest growing markets due to rapid urbanization and infrastructure development projects. Key players- Key players operating in the coil coatings market are Beckers Group, Akzo Nobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd. These companies focus on expanding their production facilities in emerging countries and adopt sustainable technologies to strengthen their market position.

[pearlsmith25]

Technical Coil Coatings Market: Emerging Opportunities in Coil Coating Applications

The global Technical Coil Coatings market is witnessing a significant surge in demand, and for good reason. These specialized coatings are revolutionizing the manufacturing industry by providing an array of benefits that enhance both aesthetics and performance. From improved durability to enhanced sustainability, the Technical Coil Coatings market is at the forefront of innovation in coatings technology.

What Are Technical Coil Coatings?

Technical Coil Coatings Market, also known as pre-painted metal coatings, are advanced coatings applied to metal coils before they are formed into various products. These coatings are meticulously engineered to meet specific requirements and are designed to withstand harsh environmental conditions while maintaining their appearance and functionality.

Key Drivers of the Technical Coil Coatings Market

Rising Demand for Sustainable Solutions: With the growing awareness of environmental concerns, industries are seeking ways to reduce their carbon footprint. Technical Coil Coatings play a crucial role in this by offering sustainable alternatives to traditional coatings. These coatings are eco-friendly, often requiring fewer maintenance cycles and conserving energy.

Longevity and Durability: Technical Coil Coatings are known for their exceptional durability and longevity. They protect metal substrates from corrosion, UV radiation, and chemical exposure, extending the lifespan of products and reducing maintenance costs.

Enhanced Aesthetics: Manufacturers across various industries understand the importance of aesthetics in attracting customers. Technical Coil Coatings are available in a wide range of colors, textures, and finishes, allowing businesses to create visually appealing products.

Efficient Production: These coatings are applied to metal coils before they are formed, making the manufacturing process more efficient. The ability to coat large quantities of metal quickly reduces production time and costs.

Improved Performance: Technical Coil Coatings enhance the performance of metal products. Whether it's heat resistance, weatherability, or resistance to chemicals, these coatings can be customized to meet specific performance requirements.

Applications of Technical Coil Coatings

The versatility of Technical Coil Coatings makes them suitable for various industries:

Building and Construction: They are widely used in the construction industry for roofing, siding, and architectural elements. The durability of these coatings ensures that buildings maintain their aesthetic appeal for years.

Automotive: In the automotive industry, Technical Coil Coatings are used for vehicle exteriors, providing not only a polished appearance but also protection against harsh weather conditions and road debris.

Appliances: Manufacturers of household appliances opt for these coatings to enhance the look and feel of their products while ensuring they can withstand everyday wear and tear.

Industrial Equipment: Technical Coil Coatings are critical for industrial equipment that operates in challenging environments, protecting against rust, corrosion, and chemical exposure.

Transportation: From buses to trains, Technical Coil Coatings are used to maintain the structural integrity and appearance of transportation vehicles.

Challenges in the Technical Coil Coatings Market

While the Technical Coil Coatings market demand is experiencing remarkable growth, it does face some challenges:

Raw Material Costs: Fluctuations in the prices of raw materials, such as resins and pigments, can impact the overall cost of production and, subsequently, product pricing.

Environmental Regulations: The industry must stay compliant with evolving environmental regulations, which can require changes in formulations and manufacturing processes.

Competition: The market is competitive, with multiple players offering similar products. To stand out, companies must continuously innovate and meet changing customer demands.

Conclusion

The Technical Coil Coatings market is on a trajectory of continued growth, driven by its ability to provide sustainable, aesthetically pleasing, and high-performance solutions across various industries. As industries worldwide seek to improve the durability and environmental sustainability of their products, Technical Coil Coatings are poised to play a pivotal role in shaping the future of manufacturing. Manufacturers and consumers alike can look forward to a world where products not only look great but also stand the test of time, thanks to the innovations in Technical Coil Coatings.

[informationandcommunication]

Nanocoatings Market – Forecast (2022-2027)

Nanocoatings Market size is forecast to reach US$22.5 billion by 2027, after growing at a CAGR of 20.1% during 2022-2027. Nanocoatings is a special type of nanoparticle coating that is made using carbon nanotubes which accelerate the reaction of forming activated oxygen from water by capturing the ultraviolet light in the presence of titanium dioxide. The nanocoatings help in enhancing the material and give flame retardant, anti-corrosion, anti-dust and many other features to the objects having nanocoatings. These are widely used in various end-use industries such as electronics, automotive, medical, marine coating and others. According to the International Organization of Motor Vehicle Manufacturers, the total car production is around 5,70,54,295 units and total commercial vehicle production is 2,30,91,693 in 2021 with an annual growth of 3% as compared to 2020. The rise in automotive production will eventually boost the demand for the Nanocoatings Market. However, due to covid 19 pandemic, the market has declined in 2020 owing to the shutdown of the manufacturing facilities to reduce the spread of the virus. But the market is expected to follow an increasing trend due to the growing consumption from the various end-use sector during the forecast period.

Report Coverage

The report: “Nanocoatings Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Nanocoatings Industry.

By Technology: Pre-treatment, Electrocoat, Liquid Coating (Waterborne, Solvent Borne, Coil Coating), Powder, Ultraviolet and OthersBy Substrate: Aluminum/Magnesium, Steel, Plastic & Plastic Composites, Wood & Wood Composites and OthersBy Product Type: Anti-Microbial Coating, Anti-Fingerprint Coating, Anti-Fouling Coating, Hydrophyllic Coating, Anti-corrosion Coating, Self-Cleaning Coatings and OthersBy End-use Industry: Auto, Transportation & Equipment (Automotive parts & Accessories, Wheels Heavy Duty Equipment and Others), Building & Construction (Extrusion Coatings, Interior Building Products and Others), Consumer Products & General finishes (Consumer Products, Kitchenware, Appliances and Others), Food & Packaging, Textile, Healthcare, Industrial (Industrial Bakeware & Molds, Energy Application, Office Furniture & Equipment, Electrical) and OthersBy Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia and New Zeeland, Indonesia, Taiwan, Malaysia and Rest of APAC) and Rest of the World: The Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)

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Key Takeaways

North America is expected to register a CAGR of 21.2% during the forecast period (2022-2027). The increasing demand for automotive, electronic and other sectors is driving the Nanocoatings industry.

Growing demand for Nanocoatings in industrial purposes for energy and industrial bakeware & molds application is expected to boost the demand due to flame retardant, scratch proof, UV, chemical resistance and anti-corrosion characteristics during the forecast period.

Robust demand for Nanocoatings from various end-use industries such as automotive, marine, medical equipment, electronics and others owing to low emission of volatile organic compounds is expected to increase the demand during the forecast period.

Nanocoatings Market Segment Analysis – by Product Type

The self-cleaning Nanocoatings segments accounted for around 16% of the Nanocoatings Market share in 2021 and are estimated to grow at a significant CAGR during the forecast period. The self-cleaning nano-coating is an innovative combination of super-hydrophilic nanoparticles, photocatalytic and anti-static features widely used in electronics, energy, food & packaging, construction, marine industry, military &defense, automotive, aerospace and healthcare. According to US Solar Energy Industry Association, more than 230,000 Americans work in solar at more than 10,000 companies in every U.S. state as of 2020. In 2021, the solar industry generated more than US$33 billion of private investment in the American economy. Also, 46.1GW of energy production is planned for 2022 of which nuclear contributes 2.2GW, solar 21.5 GW, natural gas 9.6GW, wind 7.6%, batteries 5.5GW and others 0.2GW according to the U.S. Energy Information Administration. Therefore, the growing energy installation will help to boost self-cleaning segments of nanocoatings demand during the forecast period.

Nanocoatings Market Segment Analysis - by End-Use Industry

The transportation segment accounted for approximately 21% of the Nanocoatings Market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. Nanocoatings is widely used in the transportation sector for auto parts, accessories, wheels and heavy-duty equipment coatings. Rising middle-class income, huge youth population and lightweight vehicles are boosting the demand for the automotive sector and in turn, boosting demand for nanocoatings products. According to India Brand Equity Foundation, the total production of passenger vehicles, three-wheelers, two-wheelers and quadricycles reached 1,860,809 units In January 2022. Also, the Government of India expects the automobile sector to attract US$ 8-10 billion in local and foreign investments by 2023. Thus, the increasing investments in the transportation sector are expected to drive the nanocoatings market size during the forecast period.

Nanocoatings Market Segment Analysis - by Geography

North American region held the largest portion of the Nanocoatings Market share in 2021 up to 38%, owing to the growing construction, automotive and electronics sector in the U.S, Canada and Mexico. The major factor responsible for the growth of Nanocoatings is less emission of volatile organic compounds which gives eco-friendly products. Nanocoating is widely used in auto parts, equipment, accessories, wheels, electronics components, construction material and others. According to the U.S Department of Commerce, the total construction spending during March 2022 was estimated at a seasonally adjusted annual rate of US$1,730.5 billion, with a rise of 0.1% above the revised February estimate of US$1,728.6 billion. According to Statistics Canada, about 1.6 million new motor vehicles registered in Canada in 2021 with an increase of 6.5% from 2020. Therefore, the growing construction, automotive and other sectors are boosting the Nanocoatings Market size during the forecast period.

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Nanocoatings Market Drivers:

increasing demand for Nanocoatings for Medical Devices applications

Nanocoatings are widely used in the coating of medical devices as it helps in the prevention of bacterial & fungal infection and smoothens the surface & performance of medical devices to meet the stringent needs of the medical device industry. Also, it helps to reduce abrasion between tissues & devices as many medical devices require non-stick coatings over-molded, biocompatible and other finishes to combat problems of infection. According to Medtech Europe, Organization, the global medical devices market share by the various countries in 2020 is as follows, U.S (41.6%), Europe (27.6), China (7.4%), Japan (7.2%), Canada (1.8%), South Korea (1.6%), India (1.3%) and others (11.6%). The rise in the demand and advancement in the technology of medical devices will boost the Nanocoatings Market due to its wear resistance and anti-microbial properties during the forecast period.

Growing electronics industry across the globe

The electronics sector is growing rapidly owing to increasing demand from emerging market economies. As a result, many countries are rising the production of more electronics and investment in the foreign production of electronics has increased dramatically. Also, growth in the electronics sector is primarily driven by innovation, with companies spending significant amounts on research and development (R&D) to make better products and to increase the efficiency of the manufacturing process. Nanocoatings play a vital role in the electronics sector as it is widely used for the coating of various devices such as consumer products, kitchenware, appliances and others. According to Invest India, the global electronics components market is expected to reach US$191.8 billion by 2022, of which the Asia Pacific region is anticipated to capture a dominant share globally. The growth in the electronic components sector will eventually help to boost the demand for the Nanocoatings Market during the forecast period.

Nanocoatings Market Challenges:

Volatile Price of Raw Material

Nanocoating is a premium product, so they are available at higher prices when compared to other coatings. The volatile price of raw materials such as silver, titanium dioxide, silicon and others is hindering the market growth. For instance, the average U.S. spot price for silicon metal was 444.38 cents per pound in February 2022, which is three times more than the average price in February 2021 according to the U.S. Department of the Interior and the U.S. Geological Survey. Owing to this factor, the product of nanocoatings comes at a higher price as compared to its alternative coatings, which tends to constrain the growth of the market.

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Nanocoatings Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Nanocoatings Market. Top 10 companies in the Nanocoatings Market are:

Buhler PARTEC GmbH

Bio-Gate AG

Eikos Inc.

Cima NanoTech Inc.

Inframat Corporation

Nanofilm Ltd.

Nanophase Technologies Corporation

Integran Technologies Inc.

Nanogate AG

Nanovere Technologies LLC

Recent Developments

In February 2022, The McMaster Manufacturing Research Institute (MMRI) and Alchemy develop innovative nanocoatings solutions to the challenges faced by many industries such as repelling water, dirt and ice while maintaining high transparency, mechanical durability and weather specifications for advanced sensor systems used in harsh environments.

In January 2021, Tesla NanoCoatings Launched NANO Non-Skid; Teslan that has 1105 Zn-CNT Single Coat Deck Epoxy New Technology Combining Carbon Nanotubes and Aggregate to eradicate the biggest offshore challenges of worker safety and maintenance.

In August 2020, Indian Tech Startup Muse Nanobots launched a nanotech coating for textiles that can inactivate the Coronavirus within five minutes of contact. Muse nanocoated textiles can offer enhanced protection for common people to travel and will provide great safety to frontline healthcare, hospital, hotels and restaurant workers.

Relevant Reports

Nanocellulose Market - Forecast(2022 - 2027)

Report Code: CMR 0073

Coating Additives Market - Forecast(2022 - 2027)

Report Code: CMR 0140

For more Chemicals and Materials related reports, please

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[industrynewsupdates]

Enhancing Supply Chain Efficiency with Carbon Steel Procurement Intelligence

The carbon steel category is expected to grow at a CAGR of 4.0% from 2023 to 2030. The APAC region accounts for the largest category share and is anticipated to be the fastest-growing region in the forecast period. Factors such as the rise in the need for carbon steel in infrastructure development, the automotive sector, construction sites, and machinery are driving the category growth. One of the key trends is the use of this product in the shipbuilding industry owing to the growing demand in China, and Southeast Asia. Availability of cheap labor and technological advancement are the reason companies are shifting their shipbuilding manufacturing to these countries.

High-temperature drawing (HTD), advanced metallurgy, and coatings are a few technological advancements that are generally used in this category to enhance the properties of carbon steel. HTD is used by manufacturers to reduce cost, production time, and the impact on environment during the production. Coatings and advanced metallurgy techniques are used by manufacturers to enhance durability and to give strengthening to the product thereby increasing protection from corrosion and less wear and tear resulting in an enhanced product life cycle. Companies are utilizing technologies to gain a competitive advantage over others. In 2020, U.S. Steel Corporation invested USD 1.2 billion in constructing a rolling and endless casting facility in Pennsylvania to reduce its environmental footprint and improve operational efficiency.

The category is consolidated with top players taking over and capturing a larger market share. They are constantly working on developing new and innovative products, solutions, and technologies to cater to the demand of larger industries and to have a competitive lead over others. Top players have strategically allied with other manufacturers to acquire the latest technology and outsource some of their operations to make the market competitive and extend barriers for new entrants. In 2021, Sumitomo Metal Corporation and Nippon Steel called a new business strategy – NSSMC Beyond 2022, to strengthen their market competitiveness and expand their business globally. Players are acquiring stakes to expand their business portfolios. In 2020, Tata Steel acquired the remaining 25.1% stake in the Tata Steel subsidiary company, Tata Steel BSL Limited. This acquisition helped in strengthening and expanding their product portfolio.

Order your copy of the Carbon Steel Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Coking coal and iron ore drives the steel price along with the effect of the supply-demand scenario of the category plays a major role in constituting the price. The prices of these raw materials are expected to remain volatile due to state-mandated measures to reduce carbon emissions and rising geopolitical tensions. Owing to strict lockdowns in Shanghai amid covid-19 pandemic and the Russia-Ukraine war have caused drastic effects in disrupting the supply chain. With easing curbs in restrictions and normalization in the supply chain have rallied the demand. In 2023, steel prices in China went up by 55.4% from USD 749 to USD 1,164 in April. With the U.S. and Europe back on inventory replenishment, demand for global supply increased resulting in an increase in prices of hot rolled carbon steel by USD 38.24 per tonne and hot rolled steel coils by USD 28.68.

Sourcing of the category involves procurement of raw materials and import of the final product from various countries. China, Russia, and Japan are the top exporters in this category. The wide availability of raw materials and large export of semi-finished and finished goods are helping them in leading the market. Best sourcing practices include reaching potential suppliers with the delivery of good quality raw materials, reduced lead time, competitive pricing, and meeting regulatory compliance. China dominates the category with the export of 66.2 million metric tons of its production. It exports majorly to the U.S., Vietnam, and India. It stands at the largest steel industry in the world and manufactures around half of all crude steel produced globally. Chinese producer, Baowu Group produces 120 million metric tons of crude steel, which is significantly higher than other producers around the world. 

Browse through Grand View Research’s collection of procurement intelligence studies:

• Activated Carbon Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Glycol Ethers Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Carbon Steel Procurement Intelligence Report Scope 

• Carbon Steel Category Growth Rate: CAGR of 4.0% from 2023 to 2030

• Pricing growth Outlook: 20 - 25% (Annual)

• Pricing Models: Volume-based pricing model, and Market-based Pricing model

• Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence

• Supplier Selection Criteria: By Steel Durability, End Use, Category Product Segment, Type of Grade, Fitting Type, Size, Number of Production Units, Technical Specifications, Operational Capabilities, Regulatory Standards, and Mandates, Category Innovations, and Others

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies profiled

• AK Steel Corporation

• Arcelor Mittal

• Baosteel Group

• Evraz plc

• HBIS Group

• JFE Steel Corporation

• Nippon Steel Corporation

• NLMK

• POSCO

• United States Steel

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

[sanjay-chem]

Functional Coil Coatings Market Size, Share, Demand, Growth & Trends by 2031

Rapid urbanization, rising infrastructure development, and growth in disposable incomes is elevating the construction industry. This growth is expected to bolster the demand for functional coil coatings over the forecast period. The global functional coil coatings market is experiencing healthy growth surpassing a valuation of US$ 465 Mn during the forecast period according to a recent report published by Future Market Insights. Rising demand from end use industries, mainly construction and automotive sectors is elevating market value during the assessment period.

The growing trend of sustainability is increasing the demand for clean and green buildings worldwide. This creates notable demand for solar reflective, heat management, antimicrobial and other functional coil coatings which is benefiting the market.

With the onset of the COVID-19 pandemic, awareness towards the need of preventing communicable diseases has increased tremendously. Consequently, demand for antimicrobial coatings is expected to witness remarkable growth during the forecast period.

Stringent regulations imposed in terms of composition and production of functional coil coatings by regulatory bodies is expected to be a major restraining factor. Navigating the challenges posed by these factors will prove crucial for continued growth of the global functional coil coatings market.

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Key Takeaways from Global Functional Coil Coatings Market Study

Steel     coatings will account for over 75% of the global value share in 2021,     owing to wider scope of applications through the construction sector.

Solar     reflective coatings are gaining ground with a CAGR of 5.2% through 2031,     supported by applications in the transportation and infrastructure     sectors.

China     holds the lead in East Asia with an estimated 66.5% value share by 2031,     driven by a large-scale, matured chemical industry.

Russia     is emerging as a major market for functional coil coatings in Europe at a     valuation of over US$ 13 Mn in 2021, owing to investments in the     construction sector.

The     U.S. accounts for approximately 89.8% of the value share in North America     through 2031, owing to the presence of major construction and automotive     players

“Rising investments in construction activities coupled with consistent growth in sales of automobiles are key factors that are expected to elevate the demand for functional coil coatings during the forecast period though 2031,” said an analyst at FMI.

Global Functional Coil Coatings Market: Participant Insights

Key coil coating manufacturers are indulging in research and development activities for product innovation and development to accommodate the changing requirements of the large-scale consumer base.

According to the market research analysis, Akzo Novel NV, JK Coil Coating Pvt. Ltd., Jotun Group, Dura Coat Products Inc., Noroo Coil Coatings, Titan Coatings Inc., Eastman Chemical Company, Modine Manufacturing Inc., Chemetall Group., ALCEA, Recubrimientos Plasticos SA, Italcoat Srl, Lord Corporation, Sherwin-Williams, PPG Industries, Axalta Coating systems, The Chemours Company, Nano-X GmbH, Ozkem Pty Ltd., Blygold International BV, HB Fuller, and many others are identified as key players in the global functional coil coatings market.

Global Functional Coil Coatings Market by Category

By Application:

Steel     Coatings

Aluminum     coatings

By Product Type:

Topcoat

Primer

Backing     Coat

Others

By Function Type:

Anti-Graffiti     Coating

Antimicrobial     coating

Solar     Reflective Coating

Self-Cleaning     Coating

Self-Healing     Coating

Anti     Dust Coating

Nox     Reducing Coating

Photovoltaic     Coating

Polychromic     Coating

Laminating     Film

Fire     Resistant Coating

Heat     Saving Coating

Scratch     Resistant Coating

By Material Type:

Polyester

Epoxy

PVC/Vinyl

Plastisols

Acrylic

Polyurethane

PVDF

Silicone

By End-Use:

 Refrigerator

 Washing      Machine & Dishwasher

 Over      & Toasters

 Others

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Innovation / Development Trends

4. Key Success Factors

To be continued…!

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[stratviewresearch]

Pretreatment Coatings Market is Predicted to See Lucrative Gains Over 2022-2028

The report on the Pretreatment Coatings Market published by Stratview Research covers in depth details associated with the Pretreatment Coatings Market.

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The Pretreatment Coatings Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the Pretreatment Coatings Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.

Key Players

The following are the key players in the Pretreatment Coatings Market:

Abrasives, Inc.

Axalta Coating Systems LLC

Chemetall GmbH

Henkel AG & Co. KGaA

Kansai Paint Co., Ltd.

Nihon Parkerizing Co., Ltd.

Nippon Paint Co., Ltd.

PPG Industries

Sherwin-Williams Company

The 3M Company.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Pretreatment Coatings Market value and growth drivers over the trend period of 2022-27. According to the report -

Pretreatment Coatings Market is likely to witness a CAGR of 5.0% during the forecast period. Growing end-use industries such as aerospace and automotive, and increase in construction & renovation activities coupled with the change in consumer perceptions regarding utilization of high-quality materials in construction industry are some of the key factors accelerating the market growth during the forecast period.

Segment Analysis:

Based on End-Use Industry Type:

Based on the end-use type, the market is segmented as aerospace, automotive, general industry, coil industry, cold forming industry, and others industry. The aerospace segment is further divided into commercial aviation and military. Commercial aviation is estimated to account for the major share of the market during the forecast period owing to the rapid adoption of pretreatment coatings for reducing corrosion and increasing the level of safety in commercial aviation industry.

Based on Region:

In terms of regions, North America is estimated to be the dominating region of the market during the forecast period. Factors such as increasing disposable income and growing automotive industry owing to the increasing demand for high performance & low maintenance vehicles are expected to fuel the growth of the regional market during the forecast period. Moreover, Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Critical Questions Answered in the Report

What are the key trends in the Pretreatment Coatings Market?

How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?

What is the impact of COVID-19 on Pretreatment Coatings Market?

What are the key strategies adopted by the major vendors to lead in the Pretreatment Coatings Market?

What is the market share of the top vendors?

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About Us

Stratview Research is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful and actionable market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more. Stratview Research helps its user’s tract the ever-evolving market scenarios through its top-notch market reports.

Get in touch with us at – sales@stratviewresearch.com.Or connect with our experts at +1-313-307-4176

[marketnewsreport]

Printed Electronics Market Research, Agency, Business Opportunities with New Players

printed electronics market is expected to witness market growth at a rate of 18.40% in the forecast period of 2021 to 2028 .Printed electronics is a printing technique for creating electrical circuits. They usually create components on lightweight and flexible materials such as cloth, plastics and paper. Different printing technologies such as inkjet printing, gravure printing, flexographic printing and other are used in the printed electronics.

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These printed electronics processes are way more cost effective as compared to the other conventional process which are used for the manufacturing of coils, capacitors and other. They are widely used in application such as RFID tags, sensors, batteries, and photovoltaics and other.

Major Market Competitors/Players

Few of the major competitors currently working in the global printed electronics market are SAMSUNG, Palo Alto Research Center Incorporated, Agfa-Gevaert Group, Molex, Nissha Co., Ltd., DuPont and Dow, BASF SE., E Ink Holdings Inc., Novacentrix., Ynvisible Interactive Inc., Optomec, Inc., Sumitomo Chemical, Thin Film Electronics ASA., Applied Ink Solutions., ELANTAS Europe Srl., PRINTED ELECTRONICS LTD., Intrinsiq Materials, Inc., Vorbeck Materials., Coatema Coating Machinery GmbH, NextFlex, Jabil Inc., among others.

Segmentation: Global Printed Electronics Market

·         By Printing Technology (Inkjet Printing, Screen Printing, Flexographic Printing, Gravure Printing, Others)

·         By Application (Displays, RFID Tags, Batteries, Photovoltaics, Sensors, Lighting Solutions/Devices, Others)

·         By End- User (Automotive and Transportation, Healthcare, Consumer Electronics, Aerospace and Defense, Construction and Architecture, Retail and Packaging, Others)

·         By Material (Substrates, Inks)

·         By Type (Stretchable Electronics, Foldable Electronics, Others)

·         By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Competitive Analysis

Global printed electronics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of printed electronics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers:

·         Increasing application of printed electronics in IoT will drive the market growth

·         Growing demand for thin, flexible and robust substrate which is used for the manufacturing of cost- effective and secure printed electronics; this factor will also enhance the growth of this market

·         Less manufacturing cost will also accelerate the market growth

·         Rising evolvement of digital print technology can act as a market driver

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Market Restraints:

·         Lack of skilled and trained professional will restrict the market growth

·         Strict regulations in medical industry will also hamper the growth of this market

·         Dearth of standardization is a restraining factor for this market growth

Key Insights in the report:

·         Complete and distinct analysis of the market drivers and restraints

·         Key market players involved in this industry

·         Detailed analysis of the market segmentation

·         Competitive analysis of the key players involved

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