Automotive Coatings Market Overview:
Automotive Coatings Market is looking forward to robust growth and is projected to attain nearly USD 25 Billion by the end of 2023, unveils Market Research Future (MRFR) in a detailed research report. The move towards the development of light-weight vehicles and low-temperature curing are driving the global automotive coatings market. Various factors have supported the growth of the global automotive coatings market. The rise in the number of global car sales purveyed by rising disposable income, especially in the developing countries is a primary factor contributing towards market growth. Low cost of financing and cheaper fuel price has also increased the degree of vehicle ownership in emerging markets.
Major material used in automotive industry are metal which needs to be coated in order to protect the material from rust, wear and tear. The increasing consumption of passenger cars to meet growing demand is anticipated to drive the automotive coatings market. Automotive refinishing industry is growing significantly due to rising vehicle collisions along with proneness of consumer to repair vehicles are expected to augment the market growth. Primer, basecoat, and E-coat are trending in the market owing to its superior properties.
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Automotive Coatings Industry Updates:
September 2018 – BASF, German chemicals, and specialty materials unveiled a new modular lab for automotive coatings in Munster, Germany. The new lab would assist car makers in Europe in development of new coating solutions.
August 2018 – Ferrari, the Italian luxury sports car maker, has come up with a new low-bake automotive coating technology in partnership with PPG, an American supplier of paints, coatings, and specialty materials. The two-component paint system allows the car to be baked which enhances the paint’s toughness to water and other contaminants.
Automotive Coatings Market Key Players:
The prominent players in the global automotive coatings market include BASF SE (Germany), Kansai Paint Co., Ltd. (Japan), Jotun (Norway), PPG Industries, Inc. (U.S.), Arkema SA (France), Clariant (Switzerland), Cabot Corporation (U.S.), Bayer AG (Germany), Axalta Coating Systems (U.S.), Akzo Nobel N.V. (Netherlands), Nippon Paint Holdings Co., Ltd. (Japan), The Valspar Corporation (U.S.), Berger Paints India Limited (India), Koninklijke DSM N.V. (Netherlands), and The Sherwin-Williams Company (U.S.).
Automotive Coatings Market Regional Analysis:
Automotive coatings market spans across the regions of North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia Pacific is leading the global automotive coatings market since Asia Pacific has been taking an increasing share of global vehicles sales. Fast GDP growth rise of the middle class and replacement of old vehicles in the region support the growth of the market in APAC. India, Japan, South Korea, China, and Malaysia are the key contributors to the APAC automotive coatings market. North America is the second largest market for automotive coatings. The US is the largest consuming market for automotive coatings, and high sales of vehicles, especially luxury cars in the region favor the growth of the automotive coatings market. Europe is another profitable market for automotive coatings. Majority of automotive manufacturers have their manufacturing base in Europe which makes Europe a worthwhile market. The U.K., France, Germany, Italy, and Belgium are the major contributors to the Europe automotive coatings market. The Middle East & Africa market is expected to exhibit substantial growth over the forecast period due to improving economy and increasing industrialization in the region.
Automotive Coatings Market Segmentation:
Automotive coatings market has been segmented based on product, substrate, technology, and resin type. By product, the market has been segmented into primer, basecoat, electro-coat, and clear coat, and others. By substrate, the market has been segmented into metal, plastics, composites, and others. By technology, the market has been segmented into water-borne, solvent-borne, powder, and radiation curable. By resin type, the market has been segmented into polyurethane, epoxy, automotive, and others.
Automotive Coatings Market Table Of Contents:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Automotive Coatings Market
Automotive Coatings Market Table Of Contents to be Continue……,
Automotive Coatings Market List Of Tables:
Table 1 World Population In Major Regions (2016–2030)
Table 2 Global Automotive Coatings Market, By Region, 2016–2023
Table 3 North America: Automotive Coatings Market, By Country, 2016–2023
Table 4 Europe: Automotive Coatings Market, By Country, 2016–2023
Table 5 Asia-Pacific: Automotive Coatings Market, By Country, 2016–2023
Automotive Coatings Market List Of Tables to be Continue…….,
Automotive Coatings Market List Of Figures:
FIGURE 1 Global Automotive Coatings Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Automotive Coatings Market
FIGURE 4 Value Chain Of Global Automotive Coatings Market
FIGURE 5 Share Of Global Automotive Coatings Market In 2017, By Country (In %)
Automotive Coatings Market List Of Figures to be Continue…….,
Complete table of content is available at @ https://www.marketresearchfuture.com/reports/automotive-coatings-market-1754
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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