Press release
Automotive Coatings Market Growth, Regional Trends, Development Status, Sales Revenue and Comprehensive Research Study Till 2023
Automotive Coatings Market
Automotive Coating Market are: BASF SE (Germany), Axalta Coating Systems (U.S.), Kansai Paint Co. Ltd. (Japan), Akzo Nobel N.V. (Netherlands), Jotun (Norway), Nippon Paint Holdings Co., Ltd. (Japan), PPG Industries, Inc. (U.S.), The Valspar Corporation (U.S.), Arkema SA (France), Berger Paints India Limited (India), Clariant (Switzerland), Koninklijke DSM N.V. (Netherlands), Cabot Corporation (U.S.), The Sherwin-Williams Company (U.S.), and Bayer AG (Germany).
Automotive Coatings Market Introduction:
Automotive Coatings Market is expected to reach USD 18.2 Billion at the end of the forecasted period and is expected to grow at CAGR of more than 8% from 2018 to 2023.
Moreover, cost advantage and excellent chemical and physical properties over solvent based coatings is anticipated to drive the water-based automobile coating market.
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Automotive Coatings Market Segmentation:
Automotive Coating Market has been segmented on the basis of product, substrate, technology, resin type, and region.
On the basis of product, the market has been segmented into primer, basecoat, electrocoat, and clearcoat, and others.
Based on substrate, the market has been categorized into metal, plastics, composites, and others.
By technology, the market has been classified into water-borne, solvent-borne, powder, and radiation curable.
On the basis of resin type, the market has been segmented into polyurethane, epoxy, automotive, and others.
The market has been studied in five key regions—Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America
Automotive Coatings Market Regional Analysis:
Automotive coatings market has been studied with respect to five regions - North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is the largest market because of the rapid industrialization in the region during recent years. India, China, South Korea, Japan, and Malaysia are the major contributors to the growth of this regional market. The factors driving market growth in the region are growing urbanization, changing lifestyles, increasing purchasing power of people, and rising consumer awareness in favour of the protection and maintenance of vehicles. North America is the second-largest global automotive coatings market. The U.S is the largest market in this region due to the growing demand for passenger cars in the country. Europe is another important region in the global automotive coatings market. The U.K., France, Germany, Italy, and Belgium are the major contributors to this regional market.
Automotive Coatings Market Competitive Analysis:
Automotive coatings market is fragmented market with tier 1 and tier 2 players dominating the overall market. The key strategies adopted by key players are expansion, collaborations or partnerships, acquisition and product launch. To meet regulations, set by various bodies of respective regions, manufacturer is entering into agreement with raw material supplier to reduce the cost. Auto manufacturers are focusing more on performance of vehicle by lowering of greenhouse gases with significant reduction in weight of vehicle. In highly competitive market, companies are investing more in innovations and brand building thereby, fostering the strong relationship with customer.
Automotive Coatings Market Table of Content:
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 Content 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.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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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