The global Coil Coatings Market Growth Accelerated by Rising Automotive Production
Coil coatings are high performance coatings applied to metal coils or sheets that provide protection and aesthetics. They are mainly used in construction and automotive industries. Coil coatings provide corrosion resistance, durability, resilience and variety of color and design options as compared to normal paints. With increasing construction and automotive production, the need for coil coatings has surged tremendously. 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 key trends: Rising automotive production has been a major factor accelerating the growth of coil coatings market. Global automobile sales have risen significantly over the past few years. Coil coated steel is widely used in automobile manufacturing for outer body panels, wheel rims, bumpers etc. Developing economies with gr...