“Global Automotive Specialty Coating Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global automotive specialty coating market, and the various trends, drivers, restraints, opportunities, and threats in the target market 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 specialty coating market report has been segmented on the basis of technology type, resin type, substrate, application, and region.
Specialty coating is a type of coating that offer performance as per the requirement of particular applications. Specialty coatings offer various benefits including temperature or fire resistance, antireflection, substrate compatibility, sealing, excellent adhesive properties, enhanced corrosion protection, and temporary protection. Automotive specialty coatings are used to vehicular components for protection against corrosion and to offer better performance under the high temperature.
Increasing demand for automotive specialty coating across various end-use applications such as engine & exhaust and interior is a major factor estimated to drive growth of the global market over the next 10 years. In addition, increasing scope of its application in wheel rims segment is another factor estimated to support revenue growth of the global market over the next 10 years.
Various features offered by these specialty coating materials such as heat resistance, weather resistance, water resistance, and others is another factor projected to fuel adoption of automotive specialty coatings, which in turn is estimated to drive growth of the target market over the forecast period. In addition, growing demand for specialty coating materials from motor and battery and power electronics segments is another factor estimated to increase automotive specialty coating demand, which in turn anticipated to drive growth of the global market in the next few years.
On the basis of technology type, water-borne technology segment is expected to dominate the global automotive specialty coating market, owing to stringent VOC regulations in North America and Europe, which is a major factor expected create lucrative opportunity for specialty coatings manufacturers. The water-borne technology segment revenue is anticipated to register highest CAGR over the forecast.
On the basis of resin type, the polyurethane segment is expected to account for significant share in terms of revenue in the global market, owing to various properties offered by polyurethane-based resins including good elasticity at low temperatures, water and solvent resistance, abrasion resistance, and machine wash and dry clean abilities. The polyurethane segment revenue is also projected to register highest CAGR over the forecast.
On the basis of application, the transmission segment is expected to account for major share in terms of revenue in the global market, owing to increasing demand from automotive industry. The transmission segment revenue is also anticipated to register highest CAGR over the forecast.
Asia Pacific automotive specialty coating market is estimated to account for major share in terms of revenue in the global market. The Asia Pacific market is also projected to register faster growth in terms of revenue over the next 10 years, owing to increasing demand from automotive manufacturing industry in the countries in this region. The market in India is projected to account for major share in terms of revenue in the Asia Pacific market.
Global automotive specialty coating market segmentation:
Segmentation by technology type:
- Powder Coating
Segmentation by resin type:
Segmentation by substrate:
- Plastics & others
Segmentation by application:
- Engine & exhaust
- Wheel rims
- Others (Motor and Battery and Power Electronics)
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
- PPG Industries, Inc.
- BASF SE
- Axalta Coating Systems Ltd.
- Akzo Nobel N.V.
- The Sherwin-Williams Company
- Kansai Paint Co., Ltd.
- Solvay SA
- Covestro AG
- The Dow Chemical Company
- KCC Corporation
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