Press release
Automotive Coatings Market 2019 Growth & Key Business Strategies by Leading Industry Players Sherwin-Williams, Arkema, Cabot Corporation, PPG Industries, Bayer, Valspar, AkzoNobel, Eastman Chemical Company, Clariant, Axalta, Jotun, LORD Corporation, DSM,
U.S. Automotive Coatings Market size, by technology, 2012 - 2022 (USD million)
Global Market Insights, Inc. has released a new study based report on the Global Automotive Coatings Market size, projected to hit USD 28.3 billion by 2022. The report is a comprehensive analysis of market size and growth prospects. It offers strategic analysis of the factors influencing the market, including drivers, impediments, challenges and opportunities and emerging industry trends.
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Growing consumer preference to enhance the aesthetic appeal and durability is expected to drive the demand. Moreover, growing demand to protect the vehicle from acid rain, UV radiation, foreign particles and extreme temperature conditions is likely to further the market size. Vehicle manufacturers are now focusing on producing aesthetically appealing vehicles. This further boosts the industry growth.
Solventborne automotive coatings market size predicted to experience sluggish growth due to strict norms over VOC emission in the atmosphere. The waterborne segment is tipped to exhibit high gains at above 5% in the next few years. The growth is attributed to factors like low flammability, air emission reduction, and less toxicity.
The majority of the materials used in passenger cars is metallic. The coating is essential to protect them from degradation and rust. The report segments the automotive coatings market trends by application, product, technology, end-use, and region.
Automotive Coatings Market By End-Use
• Light Vehicle OEM
• Commercial OEM
• Automotive Refinish
Automotive Coatings Market By Application
• Metal
• Plastic
Automotive Coatings Market By Technology
• Waterborne
• Solventborne
• UV-Cured
• Powder Coatings
Automotive Coatings Market By Product
• Primer
• Electrocoat
• Basecoat
• Clearcoat
Light vehicle automotive OEM coatings market size is anticipated to experience significant growth shortly. The increase is attributed to the increasing demand for a vehicle with cutting-edge features including pre-collision technology, automatic light, and GPS tracking. Automotive refinish market segment is poised to witness high growth rates at over 4.5% during the predicted time frame.
Metal applications dominated the sector and are likely to continue the trend. Plastic based automotive coatings segment is expected to register noteworthy growth rate. Increasing demand for lightweight vehicle production to lower emissions and improve fuel efficiency is anticipated to impact the demand positively.
Chapter 3 Automotive Coatings Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2012 - 2022
3.3 Industry Ecosystem analysis
3.3.1 Vendor matrix
3.4 Raw material trends
3.5 Technology trends
3.6 Regulatory trends
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 Growing automotive industry in Asia Pacific
3.7.1.2 Growing demand for powder coatings
3.7.2 Industry pitfalls and challenges
3.7.2.1 Fluctuating raw material prices
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 Company market share analysis, 2014
3.11 PESTEL analysis
The report features the competitive landscape of the automotive coatings market. Key trends, company profiles, business strategies, finance metrics are listed in the report with market evaluation and forecasts. Major participants in the consolidated market include PPG Industries, BASF, Nippon Paint, Axalta Coating Systems, AkzoNobel, and Kansai Paints.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/107
Sherwin-Williams, Berger Paints, KCC Paint, Arkema SA, Valspar Corporation, Beckers Group, Cabot Corporation, Clariant AG, Eastman Chemical Company, Lord Corporation, Solvay SA and DSM are other prominent names in the industry. BASF is expanding automotive coating production in Thailand.
Solventborne automotive coatings market led the global share accounting to more than USD 7.9 billion in 2014. However, it is losing share to other technologies such as waterborne and powder coatings because of its high VOC content and strict environmental regulations imposed by EPA, REACH, and other regulatory bodies against it.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Axalta
2. BASF
3. PPG Industries
4. Kansai Paint Private Limited
5. Nippon Paint (Pakistan) (Pvt) Ltd
6. Bayer
7. KCC Corporation
8. Valspar
9. AkzoNobel
10. Sherwin-Williams
11. Arkema
12. Beckers Group
13. Berger Paints India
14. Cabot Corporation
15. Clariant
16. Eastman Chemical Company
17. Jotun
18. LORD Corporation
19. DSM
20. Solvay
Basecoat is estimated to hold sway the product segments for providing the desirable color and effects on the vehicle body. In 2014, it registered more than USD 8 billion and is expected to have the fastest growth rate. It is followed by electrocoat type which was valued over USD 4 billion in 2014.
On account of abundance of metal parts in a standard automobile, metal based application accounted for over 70% of the global automotive coatings market share and was valued at over USD 13 billion in 2014.
Browse key industry insights from the report, “Automotive Coatings Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-coatings-market-report
Light weight OEMs are the largest end-user segment with more than 40% of the overall automotive coatings market share as light-weight personal cars are prevailing the global automotive market. It accounted for more than USD 7.5 billion in 2014 and is expected to have a healthy growth on the account of increasing personal cars demand.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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