Press release
Automotive Paints and Coatings Market Rise, Key Success Factors, And Business Opportunities Including Key Players : BASF,PPG Industries,Nippon Paint Holdings
Automotive Paints and Coatings Market
The consumption of Automotive Paints and Coatings in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Akzonobel, BASF, etc.
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Automotive paints and coatings are used as a layer to protect the substrate from environmental damage while providing it with color and glossiness to increase the beauty of the substrate.
In terms of region, the global Automotive Paints and Coatings market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global market due to high vehicle production in the region.
The market in Latin America is anticipated to expand at a substantial growth rate during the forecast period. GDP of countries in Latin America is expanding at a significant growth rate. Moreover, increase in the number of production plants for passenger and commercial vehicles due to high demand for these vehicles and presence of rapidly expanding economies such as Mexico and Brazil are anticipated to drive the market in the region. The light commercial vehicles sub-segment of the market in North America is expanding at substantial pace due to extensive usage of these vehicles to transport daily goods in the region.
global automotive paints and coatings market size will reach 26000 million us$ by 2025, from 20000 million us$ in 2017, at a cagr of 3.4% during the forecast period.
In this study, 2017 has been considered as the base year and 2018-2025 as the forecast period to estimate the market size for Automotive Paints and Coatings.
The following manufacturers are covered in this report:
Akzonobel
BASF
To Know More Key Manufacturers
Automotive Paints and Coatings Breakdown Data by Type
Solvent-Borne
Water-Borne
Others
Automotive Paints and Coatings Breakdown Data by Application
Passenger Vehicle
Commercial Vehicle
Automotive Paints and Coatings Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
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