MarketResearch.biz delivers in-depth insights on the global automotive coatings market in its upcoming report titled, “Global Automotive Coatings Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global automotive coatings market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive coatings market report has been segmented on the basis of resin type, coat type, technology, end-use application, and region.
An automotive coating is a paint used on vehicles for its protection and to enhance vehicle look. Gloss paint is most commonly used paint for various reasons which includes reducing paint's environmental effect. Recent automobile coating is put in layers, which have an aggregate thickness of ~100 µm (0.1mm). These coating applications require preliminary strides and arrangement to guaranteed the legitimate use. In a coating process, basecoat is applied after application of groundwork paint. Followed by a clear coat of paint attached to that structure, a polished and transparent covering, and this Clear-coat layer also withstands the UV light. Powder coating is a solvent-free process for coating surfaces and does not release volatile organic compounds (VOC).
Increasing advancements and protective features such as protection from intense temperature acid rain, UV radiation protection, and others offered by manufacturers as well as aftermarket of a vehicles are major factors expected to drive growth of the global automotive coatings market over the forecast period. High demand for various eco-friendly coatings such as powder coatings, waterborne coatings, and UV-cured coatings are also expected to boost growth of the automotive coatings market globally. In addition, increasing development activities of existing infrastructure, growing consumers’ adoption rate for personal convenience and transportation which is expected to result in increasing demand for automotive and its coatings globally are some major factors expected to drive growth of the target market. Moreover, end-user increasing preference towards private cab services, pre-owned vehicles, and increasing accidents are expected to boost the target market growth.
However, fluctuating raw material prices required for manufacturing automotive coatings and various environmental regulation in developing as well as developed countries with respect to automotive production are some major factors expected to restrain growth of the global automotive coatings market.
Asia Pacific automotive coatings market is estimated to account for significant share in terms of revenue in 2017, and is projected to maintain its dominance over the forecast period, owing to growing demand for automotive coatings from various original equipment manufacturers in the countries in this region. Asia Pacific automotive coatings market is also expected to register fastest growth in terms of revenue in next ten years.
Global Automotive Coatings Market Segmentation:
Segmentation by resin type:
- Others (silicone and alkyd)
Segmentation by coat type:
Segmentation by technology:
- Others (powder coating and UV-cured coating)
Segmentation by end-use application:
- Light vehicle OEM
- Commercial vehicle OEM
- Automotive refinish
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BASF SE
- PPG Industries, Inc.
- Akzonobel N.V.
- Kansai Paint Co., Ltd
- Axalta Coating Systems
- The Valspar Corporation
- Nippon Paint Holdings Co., Ltd.
- KCC Corporation
- The Sherwin-Williams Company
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