Global Automotive Coatings Market Outlook, Opportunity And Demand Analysis, Forecast 2020-2027
The data and information collected to form this Global Automotive Coatings Market report is usually quite a lot and is also in a complex form which is simplified by the experts for end users. While preparing this Global Automotive Coatings Market report, detailed market analysis has been performed with inputs from industry experts. In addition, market share analysis as well as key trend analysis is the key accomplishing factors in this market report. With this Global Automotive Coatings Market report, business can effectively gain a holistic view of the market and then also benchmark all the companies in the Automotive Coatings industry. This Global Automotive Coatings Market research analysis brings into light a vast market place.
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Market Analysis and Insights: Global Automotive Coatings Market
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.
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.
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.
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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.
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.
The countries covered in the automotive coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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.
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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.
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