COVID-19 is Impacting the Global Automotive Coatings Market 2020 Major Players are BASF SE, Akzo Nobel N.V., PPG Industries, Inc., Axalta Coating Systems, Bayer CropScience Limited

Another business knowledge report released by Data Bridge Market Research with title "Automotive coatings market Status and Forecast (2019-2026) by Region, Product Type and End-Use" has capacities to raise as the most huge market worldwide as it has remained assuming a momentous job in building up dynamic effects on the general economy. The Automotive coatings market Report offers vivacious dreams to finish up and study market size, showcase trusts, and focused environment. The examination is inferred through essential and auxiliary measurements sources and it contains both subjective and quantitative enumerating. A portion of the key players profiled in the investigation are BASF SE, Akzo Nobel N.V., PPG Industries, Inc., Axalta Coating Systems, Bayer CropScience Limited, The Sherwin-Williams Company, Beckers Group, DSM, Eastman Chemical Company, Kansai Paint Co.,Ltd., Nippon Paint Holdings Co., Ltd., KCC CORPORATION., Valspar Automotive and more

Automotive coatings market will reach an estimated valuation of USD 24.55 Billion by 2027, while registering this growth at a rate of 7.10% for the forecast period of 2020 to 2027. Automotive coatings market report analyses the growth, which is currently being owed to the focus to improve the appearance of automobile.

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Growing number of vehicle population, rising per capita income of the people, increasing industrialisation that will lead to improve the appearance of vehicles, increasing usage of waterborne coatings are some of the factors that will enhance the growth of the automotive coatings market in the forecast period of 2020-2027. Introduction of ultraviolet curing coating will further create new and ample opportunities for the growth of automotive coatings market in the above mentioned forecast period.

High prices of raw material, strict environmental regulations because of the harmful effects caused by solvent-borne coatings are acting as a market restraint for the growth of automotive coatings market in the above mentioned forecast period.

Global Automotive Coatings Market By Technology Type (Water-Borne, Solvent-Borne, Powder Coating, UV-Cured, Others), Product Type (Electrocoat, Primer, Clearcoat, Basecoat), Resin (Epoxy, Polyurethane, Acrylic, Others), Application (Plastic, Metal), End-Use (Commercial OEM, Automotive Refinish, Light Vehicle OEM), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027

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Global Automotive Coatings Market Scope and Market Size

Automotive coatings market is segmented on the basis of technology type, product type, application, end-use and resin. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

On the basis of technology type, automotive coatings market is segmented into water-borne, solvent-borne, powder coating, UV-cured and others.
Based on product type, automotive coatings market is segmented into electrocoat, primer, clearcoat and basecoat.
On the basis of resin, automotive coatings market is segmented into epoxy, polyurethane, acrylic and others.
Based on application, automotive coatings market is segmented into plastic and metal.
On the basis of end-use, automotive coatings market is segmented into commercial OEM, automotive refinish and light vehicle OEM.

The major players covered in the automotive coatings market report are BASF SE, Akzo Nobel N.V., PPG Industries, Inc., Axalta Coating Systems, Bayer CropScience Limited, The Sherwin-Williams Company, Beckers Group, DSM, Eastman Chemical Company, Kansai Paint Co.,Ltd., Nippon Paint Holdings Co., Ltd., KCC CORPORATION., Valspar Automotive, Arkema Group, Berger Paints India Limited, Cabot Corporation., Clariant, Jotun, Parker Hannifin Corp, Solvay, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Automotive Coatings Market Country Level Analysis

Automotive coatings market is analysed and market size, volume information is provided by country technology type, product type, application, end-use and resin as referenced above.

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Asia-Pacific dominates the automotive coatings market due to the increasing expenditure for the development of improved infrastructure, rising preferences of consumer towards personal conveyance and rising growth of automotive industry while North America region is expected to hold the largest growth rate due to the increasing demand of eco-friendly coating along with strict government regulations for the improvement of environmental condition.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Automotive Coatings Market Share Analysis

Automotive coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive coatings market.

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