
The functional coil coating process is a chemical pre-treatment of the metal surface on either one side or both the sides. It includes various products that are used for functional coil coatings like topcoats, primers, backing coats and others. Among these products, topcoats are estimated to have significant market share, as they are largely used for functional coil coating process. Topcoats are also termed as finishing coats. For applying topcoats, the strip of the coil is passed through the roller coater machine. The topcoats are generally applied on both the sides. Topcoats are generally made of polyester, SMP (silicone modified polyester), polyurethane, PVDF, plastisols and PVCETC. According to the market forecast, topcoats segment in the product type category is expected to reach a market value of over US$ 260 Mn by the end of 2027. Topcoats is in strong competition with primers which is projected to grow at same CAGRs as topcoats. Both attractive products of global functional coatings market, i.e. topcoats and primers are expected to grow at the rate of 5% during the forecast period.