Report Predicts Coil Coatings Market to Reach $6.83 Billion by 2024
DOVER, DE - According to a study by research firm Global Market Insights Inc., the global coil coatings market is expected to reach $6.83 billion by 2024.
Growth in non-residential construction will be a major factor propelling market size over the projected timeframe. The study reports that in 2015, overall non-residential construction spending was around $3.5 trillion and is likely to exceed $5.5 trillion by 2024. Coil coatings are used in commercial buildings, factories and industrial sites owing to their ability to offer corrosion and weather resistance. They also provide value-added aesthetic appearance to metal on walls, roofs and shades.