Press release
Automotive Coatings Market to witness the Fastest Growth in 2020 | CAGR of 4.1% Till 2027 | Royal DSM, BASF, Beckers, Bayer
Automotive Coatings Market
The global automotive coatings market size is projected to surpass US$ 27.9 billion by 2027, and register a CAGR of 4.1% over the forecast period (2019 - 2027).
Market Dynamics
Automotive coatings have been evolving at a rapid pace in terms of variety of colors, properties such as durability and flexibility, and technological innovation. Leading manufacturers in the automotive industry are investing in automotive coatings technologies to strengthen their market presence.
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Rising number of regulations by environment agencies across the globe have led manufacturers in the automotive coatings market to develop eco-friendly alternatives such as waterborne coating, and powder-based, U.V. resistant coats. Automakers are also investing on improving the appearance of their products to strengthen their market position, which, in turn, is expected to facilitate growth of the global automotive coatings market over the forecast period.
Key Players
Key players operating in the global automotive coatings market are
Royal DSM
BASF
Beckers
Bayer
AkzoNobel
who have major presence in Europe; as well as
Sherwin-Williams
PPG Industries
Axalta Coating Systems
The Automotive Coatings Market report also entails exhaustive examination of the key factors likely to propel or restrict the expansion of the global Automotive Coatings Market during the forecast period in addition to the most recent and promising future trends in the market. Moreover, the report uses SWOT analysis and other methodologies to analyze the numerous segments [Product, Applications, End-Users, and Major Regions] of the global Automotive Coatings Market. Furthermore, it comprises valuable understanding about the segments like their growth potential, market share, and developments. It also evaluates the market on the basis of its major geographical regions [Latin America, North America, Asia Pacific, Middle & East Africa, and Europe]. It entails quantitative and qualitative facets of the market in association to each country and region enlisted in the report.
Reasons for purchasing this Report:
- Insightful information regarding the Automotive Coatings Market
- Identification of growth in various segments and sub-segments
- Strategic recommendations for investment opportunities
- Complete and distinct analysis of the market drivers and restraints
- The market study includes Market valuations and forecast for the upcoming years
- Accelerates the decision-making process through the availability of the drivers and limitations
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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