Automotive Coatings Market Release involving Global Key Players by WMR
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Automotive coatings demand is directly proportional to the automotive sales. The growing sales in developing countries is providing industry participants new areas to expand. The demand is expected to be high in developing countries. The increase in car customization is expected to have a positive impact on market demand.
1. Market Drivers
1.1 Rise in automotive manufacturing in Asia Pacific
1.2 Development of eco-friendly and low VOC coatings
2. Market Restraints
2.1 Stringent environment regulations
2.2 Changes in consumer demand
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The global Automotive Coatingsmarketis segmented on the basis ofresin type, technology, coat type,and region.
1. By Resin Type:
2. By Technology:
2.1 Water borne
2.2 Solvent borne
2.3 Powder Coating & Others
3. By Coat Type:
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
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The major players in the market are as follows:
1. Jotun Paints
2. Axalta Coating System
3. BASF SE
4. The Valspar Corporation
5. Akzonobel NV
6. KCC Corporation
7. Kansai Paint Co.
8. The Sherwin Williams Company
9. PPG Industries Inc.
10. Nippon Paint Holdings Co. Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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