Press release
Automotive Speciality Coatings Market: Global Development, Technology Innovation, and Opportunities 2027| Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation, Carboline Company
Automotive Speciality Coatings
Global Automotive Speciality Coatings Market is expected to rise from its initial estimated value of USD 2.97 billion in 2018 to an estimated value of USD 3.85 billion by 2026, registering a CAGR of 3.31% in the forecast period of 2019-2026. Advancement in the coating technology is the major factor for the growth of this market.
Automotive coatings are used on automobiles for the purpose of protection and decoration. They are used to provide the protection from environment and durability. The waterborne coatings have low VOC level due to which they have low toxicity and flammability. They are used to offer high performance at high temperature and to protect against corrosion.
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Market Drivers:
• Increasing production of the vehicles worldwide is driving the market
• Increasing demand for specialty coating among consumer is driving the market.
Market Restraints:
• Increase in the fuel cell electric vehicle and battery electric vehicle is the major factor restraining the growth of this market
Major Market Players Covered in the Automotive Speciality Coatings Market Are:
Few of the major competitors currently working in the automotive speciality coatings market are Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation, Carboline Company, Coolshield International Pty., Ltd, Delta T & Protective Products, Excel Enterprise, General Coatings, Jotun, Kansai Nerolac Paints Limited, Lincoln Industries, Mascoat, Mathur Corr Tech Private Limited, Nippon Paint Holdings Co., Ltd., Sharpshell Industrial Solutions.
Key Developments in the Market:
• In August 2018, Ferrari introduced their new low temperature system, which makes the Prancing Horse the world’s first manufacturer to adopt low cure clear coats technology. This new paint system reduces the energy cost and enhances sustainability as it has formulated clear coat which makes it possible for the car to bake at 100 degree instead of 150 degrees.
• In January 2019, Nippon Paint announced the launch of their unique car painting and car care centre concept- Nippon Paint X’press in India. This will provide world class body and paint repair and car care services.
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Global Automotive Speciality Coatings Market Scope and Segments
• By Applications
o Engine & Exhaust
o Interior
o Transmission
o Wheel Rims
• By Type
o Solvent- Borne
o Waterborne
o Powder Coatings
• By Resin Type
o Polyurethane
o Epoxy
o Acrylic
Regional Analysis
• Middle East and Africa
• North America
• South America
• Europe
• Asia-Pacific
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Strategic Points Covered in Table of Content of Global Automotive Speciality Coatings Market:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
11. Company Landscape
12. Company Profiles
13. Related Reports
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