The [URL=https://www.industryarc.com/Report/19573/north-america-and-mexico-coil-coatings-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]North America & Mexico coil coatings market[/URL] size is forecast to reach US$1.4 billion in 2026, after growing at a CAGR of 3.6% during 2021-2026, due to increasing non-residential construction activities, including offices, institutions, clinics, health care centers, and factories. Coil coatings are highly used in the construction and automotive industry due to its aesthetic behavior such as anti-settling agents, anti-foaming agents, wetting agents, leveling agents, reactive diluents, plasticizers, and surface modifiers.Key Takeaways
United States dominates the North America & Mexico coil coatings market owing to a growing population with housing demand and huge expenditure in residential and non-residential building construction.
Increasing demand for polyester with excellent durability, which has emerged recently with improved formulation making for a significantly improved durability, particularly in resistance to UV degradation is further fueling the demand for polyester coil coatings.
Increasing demand for lightweight materials like polyvinylidene difluoride and polyurethane in the automotive and transportation industry is likely to hamper the market growth.
Download Sample Report @ [FURL]www.industryarc.com/pdfdownload.php?id=19573[/FURL]
North America & Mexico Coil Coatings Market Segment Analysis – By Country
The United States dominated North America & Mexico Coil Coatings Market with share of more than 79% in 2020, due to booming construction activity and spending expenditure in residential and institutional buildings. Coil coatings are used as surface modifier to control surface lubricity and appearance. US non-residential sectors are rapidly growing due to increasing demand for housing with growing population, which is expected to boost the demand of North America & Mexico coil coatings market. Non-residential construction including lodging, commercial offices and education sector is expected to reach 473 billion U.S. dollars by 2024 in the United States. The value of new non-building construction is predicted to reach US$273 billion by 2024. Thus, the construction industry in United States is estimated to reach revenue of US$1,819.1 billion by 2024, which will increase market size of North America & Mexico coil coatings.
North America & Mexico Coil Coatings Market Drivers
Robust Growth in Construction Industry in USA
Growing Demand from Automotive Sector
Market Landscape
Major players in the North America & Mexico Coil Coatings Market are Material Sciences Corporation, Mitsubishi Chemical America, Inc., Aleris Corporation, Metal Coater Systems, PPG Industries, AkzoNobel , Beckers Group, Axalta Coatings Systems, NIPPONPAINT Co., Ltd., Kansai Paint Co., Ltd.,Sherwin-William Company, and among others.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.