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Automotive Coatings Market 2019 Regional Landscape, Production, Sales & Consumption Status and Prospects 2019-2022
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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 automotive coatings market 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.
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 market 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.
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.
Browse key industry insights spread across 155 with 143 market data tables & 18 figures & charts from the report, “Automotive Coatings Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/automotive-coatings-market-report
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.
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 automotive coatings market. BASF is expanding automotive coating production in Thailand.
Glimpse of Table of Content (ToC)
Chapter 3 Automotive Coatings Market Insights
3.1 Automotive Coatings Market segmentation
3.2 Automotive Coatings Market size and forecast, 2012 - 2022
3.3 Automotive Coatings Market 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
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-coatings-market-report
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Email: sales@gminsights.com
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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.
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