Press release
What's Driving the Automotive Paints and Coatings Market Trends? Axalta, Cabot Corporation, Clariant, Covestro, Kansai Paint Co.,Ltd, KCC Corporation, PPG Industries
Automotive Paints and Coatings Market
Automotive paints and coatings market outlook is increasingly becoming competitive due to rising customer expectations primarily regarding quality, durability, sustainability and aesthetics. Automotive paint brands are presenting innovative products to fulfill such expectations from the consumers. Automotive paint color preferences may vary with region, customer, purpose and OEMs. Some government initiatives to reduce pollution and health risks have also influenced automotive paint and coatings market share.
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Traditional automotive paints emit volatile organic compounds (VOCs) which are harmful for human health and environment. Governments in various regions have initiated regulations to control toxic emissions from paints and to meet these requirements, several automotive paint brands have introduced new products with less harmful effects. To facilitate more such innovations, automotive paints and coatings industry players are opting for various advantageous strategies like collaborations, acquisitions, market flotation etc.
Due to the strict norms being imposed by the governments for pollution control, companies are moving towards better and more environment-friendly solutions which is augmenting automotive paints and coatings market size. Such moves being undertaken by automotive paint brands will increase their customer base while meeting government norms.
The APAC region represents more than half of the global production of automobiles. India has depicted dynamic growth with regards to auto production which increased by 8 percent between 2017 and 2018, surpassing the 5 million mark for the first time. The growth can be attributed to higher requirement for personal mobility solutions, a fad that will thereby accelerate automotive paints and coatings market trends.
Increasing demand for a wider variety of automobile colors is also anticipated to add to automotive paints and coatings market share. According to the 2018 color report by BASF for automotive OEM coatings, achromatic colors, like white, black, gray and silver, cover almost 80 percent of cars produced worldwide. Almost every third vehicle in Europe and more than every fourth car in North America is painted white, while in Asia Pacific it is more than every second car. About 43 percent of new cars produced in India are white. The most popular chromatic color is reported to be red.
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Some Point from Table of Contents:
Chapter 4. Automotive Paints & Coatings Market, By Vehicle
4.1. Global automotive paints & coatings market share by vehicle, 2018 & 2025
4.2. Light Commercial Vehicles
4.2.1. Global market estimates and forecasts, 2013 - 2025
4.2.2. Market estimates and forecast, by region, 2013 - 2025
4.2.3. Light commercial vehicles automotive paints & coatings market share by coating type, 2018 & 2025
4.2.3.1. Primer
4.2.3.1.1. Global market estimates and forecasts, 2013 - 2025
4.2.3.1.2. Market estimates and forecast, by region, 2013 - 2025
4.2.3.2. Basecoat
4.2.3.2.1. Global market estimates and forecasts, 2013 - 2025
4.2.3.2.2. Market estimates and forecast, by region, 2013 - 2025
4.2.3.3. Clearcoat
4.2.3.3.1. Global market estimates and forecasts, 2013 - 2025
4.2.3.3.2. Market estimates and forecast, by region, 2013 - 2025
4.2.3.4. Electrocoat
4.2.3.4.1. Global market estimates and forecasts, 2013 - 2025
4.2.3.4.2. Market estimates and forecast, by region, 2013 - 2025
4.2.4. Light commercial vehicle automotive paints & coatings market share by technology, 2018 & 2025
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/automotive-paints-and-coatings-market
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