openPR Logo
Press release

Automotive Coatings Market to Reach US$ 33.63 Bn by 2026

Albany, NY - The global automotive coatings market is expected to expand at a healthy rate of 6.28% CAGR between 2018 to 2026, elucidates an upcoming report by automotive coatings market.

The global automotive coatings market is likely to grow at a healthy rate in the upcoming years. The rising disposable income is paving way for the customer to look for attractive colors and they do not mind paying to improve aesthetic. This might aid in the expansion of the global automotive coatings market during the forecast period.

On the basis of technology, the global automotive coatings market is segmented into solvent borne, water borne, UV cured , and powder. Among all these, the global automotive coatings market is expected to led by water based solvent. The growth can be attributed to its environment friendly properties owing to low amount of volatile organic compounds.

Request A Sample -

Manufacturing Industries to Propel Growth in Automotive Coatings Market 

The substantial demand for paint coatings comes from automotive manufacturing units. The coatings are not just for visual appeal but also to protect the vehicle. The rising number of vehicle production to result in the expansion of the global automotive coatings market. For an instance- in 2018, Toyota motors sold around 8 million vehicles across the globe. If Toyota alone sold such a huge numbers of vehicles, all other brands if taken in to account may indicate enormous amount of vehicles sales. Ever Increasing demand for vehicles is projected to pave the way for growth in the global automotive coatings market.

Additionally, paints are applied in many coatings such as base coat, first coat, primer coat, etc. This may lead to increasing sales of coatings in automobile manufacturing, thus, aiding in the growth of the global automotive coatings market in the upcoming years.

These paints are applied after the primer coating; it is the base coat that adds to attractiveness of the vehicles. Solid paints are used by vehicles such as cars, motorbikes, and trucks, resulting in growth avenues of the global automotive coatings market.

Further, the authorized service centers of the automotive companies are also expected to boost the demand for coatings.

Stringent regulations from government against using volatile organic compounds (VOC) in coatings are expected to dampen the growth of the global automotive coatings market during the forecast period. Nonetheless, the availability of alternative coatings such as water solvent coats isexpected to surge the global automotive coatings market.

More Trending Reports by Transparency Market Research –

Asia Pacific Leads Global Automotive Coating Market

In term of demand for vehicles, Asia Pacific is anticipated to dominate the global automotive coatings market. The growth in this region can be attributed to fast paced urbanization and rising disposable income among population.

North America and Europe is a hub of automotive manufacturing units and are expected play a catalyst in the global automotive coatings market over the forecast period.

Some of the stalwarts of the global automotive coating market include Axalta Coatings, Valspar Corporation, BASF SE, The Sherwin-Williams Company,  KCC Corporation, Nippon Paint Holding, , and Jotun.The competition among these companies is fierce. Of all these companies, Axalta recently opened new refinish centre in Johannesburg, South Africa to cater to the local customers. The company is believed to be in the business for more than 150 years and is deployed with latest technologies to serve its customer with best. Such strong portfolio of these companies makes the competition stiff, aiding in the expansion of the global automotive coatings market.

This review is based on the findings of a TMR report titled, “Automotive Coatings Market (Product Type - Polyurethane, Epoxy, Acrylic; Technology - Solvent-borne, Water-borne, Powder, UV-cured; Coat - Clear Coat, Basecoat, Primer, E-coat; Application - Automotive OEM, Automotive Refinish)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”

Request for covid19 Impact Analysis -

U.S. Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to industry leaders, consultants, and strategy professionals.

Our reports are single-point solutions for industries to grow, evolve, and mature. Our significant-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive data we offer customized solutions through adhoc reports. These demands are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for client-specific problems with right methodology of research is the key to help enterprises reach right decision.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Coatings Market to Reach US$ 33.63 Bn by 2026 here

News-ID: 2295534 • Views: 575

More Releases from Transparency Market Research - Biotechnology

Petrochemicals Market value worth US$ 7.0 Trillion by 2027
Albany, NY - Petrochemicals Market: Introduction In terms of value, the global petrochemicals market is anticipated to expand at a CAGR of 4% from 2020 to 2030. Petrochemicals are an important part of commodities that are used in daily lives. Petrochemical products are used in various end-use industries, ranging from manufacturing to consumer goods. These chemical compounds are derived from petroleum as well as other hydrocarbons, which are obtained from natural
HIV/AIDS Diagnostics Market Is Projected to Expand at a CAGR of ~9% from 2019 to 2027
HIV/AIDS Diagnostics Market Is Projected to Expand at a CAGR of ~9% from 2019 to …
Transparency Market Research (TMR) has published a new report on the HIV/AIDS diagnostics market for the forecast period of 2019–2027. According to the report, the global HIV/AIDS diagnostics market was valued at ~US$ 3 Bn in 2018, and is projected to expand at a CAGR of ~9% from 2019 to 2027. Read Report Overview - HIV/AIDS Diagnostics: Overview HIV infection can be identified either by the detection of HIV-specific antibodies in the
Hair Loss Treatment Products Market Emerging Trends and Competitive Landscape Forecast to 2027 | Key Players include Sun Pharmaceutical Industries Ltd., Aclaris Therapeutics, Inc., Concert Pharmaceuticals
Hair Loss Treatment Products Market Emerging Trends and Competitive Landscape Fo …
Global Hair Loss Treatment Products Market: Introduction Baldness generally refers to excessive hair loss from a person’s scalp. Hereditary hair loss with age is considered to be the most common cause of baldness. Some people prefer to let their hair loss run its course unhidden and untreated. There are various causes of hair fall, and various treatments for hair fall. Hair loss treatment products prevent further hair loss and restore growth. Read
Composite Surfacing Films Market By 2026 Axiom Materials, Inc., The 3M Company, Gurit Holding AG, and Henkel AG & Co. KGaA.
Composite Surfacing Films Market By 2026 Axiom Materials, Inc., The 3M Company, …
Overview The research report provides valuable insights into demand drivers, geographical outlook, and competitive landscape of the Composite Surfacing Films Market Market for the 2018-2026 forecast period. Further, it throws light on restraints as well discusses opportunities at length that are likely to come to the fore over the forecast period. The analysis thus provided helps Market stakeholders with business planning and to gauge scope of expansion in the Composite Surfacing

All 5 Releases

More Releases for Coat

Automotive Paint and Coatings Market Forecast to 2028 Covid-19 Impact and Global …
Automotive paints and coatings are used to protect as well as f the parts and body of any vehicle. These paints and coatings are capable of producing durable surfaces, maximizing efficiency, exceeding customers' expectations of appearance, as well as meeting environmental regulations. Automotive paints and coatings have proven to improve the durability of a vehicle by protecting it from extreme temperature, foreign particles, UV radiation, and acid rain. Sample PDF showcases
Global E-Coat Market Growth 2019-2024
Abstract: Electrophoretic Painting Process (E-Coat) is a process where a metal part is immersed in a water-based solution containing a paint emulsion. An electric voltage is applied to the part causing the paint emulsion to condense onto the part. A part can be painted both inside and out, wherever the liquid is able to reach a metal surface. The coating thickness is limited by the applied voltage. As areas of high
E-Coat Market by Manufacturers
E-coating, also known as electrocoating, electropainting etc. is a high-tech process that has been developed over the last fifty years. The E-coat process was originally developed for applying an anti-corrosive coating over steel car bodies. E-coats processes are used for coating a wide range of consumer goods including hardware, jewellery, eyeglass frames, giftware and many other items. Scope of the Report: This report focuses on the E-Coat in United States market, to
Blue Coat to Acquire Crossbeam Systems
DUBAI, United Arab Emirates, December 19, 2012 – Blue Coat Systems, Inc., a market leader in Web security and optimization, today announced that it has entered into an agreement to acquire Crossbeam Systems, Inc., a proven leader in delivering scalable network security. The acquisition brings together two market leaders that deliver complementary technologies to scale and secure the world’s largest and most complex networks. By acquiring Crossbeam, Blue
Fresh Coat of Laguna Niguel
Dana Point, CA – August 29, 2011 – Fresh Coat of Laguna Niguel today announced the launch of as an information portal for Laguna Niguel area home owners and businesses to find information about painting projects. With articles being added almost every day and an online monthly newsletter of painting tips, the website is anticipated to quickly become California’s primary resource for residential and commercial painting projects. Future plans
Fresh Coat Painting Franchise
Fresh Coat Painters has launched a new website designed to assist those interested in buying a franchise business. “This site compliments our original site,” said Ralph Martin, co-founder of Fresh Coat. “Our original site focused on assisting those who were seeking painting services. “With so many people interested in starting their own businesses and exploring different opportunities, we decided to make information about Fresh Coat ownership readily available in one place.” The