Press release
Smart Automotive Coatings An Insight On the Important Factors and Trends Influencing the Market
Smart Automotive Coatings
Subtitle – Smart Automotive Coatings market analysis by Fact.MR offer divulges compelling insights into factors creating sales prospects across key segment. It offers an executive-level blueprint of strategies adopted by the key market players and analyzes the impact of the same on overall growth projection.
Latest industry analysis by Fact MR, predicts Smart Automotive Coatings sales to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=2442
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
The report offers actionable and valuable market insights of Smart Automotive Coatings. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Smart Automotive Coatings Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Smart Automotive Coatings market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Smart Automotive Coatings
This newly published and insightful report sheds light on Market Insights of Smart Automotive Coatings, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Smart Automotive Coatings Market.
Segmentation
The report offers a detailed analysis and forecast on the automotive coatings market based on a segmental analysis.
Key segments identified in the automotive coatings market report include resin type, coat type, vehicle type, technology and region.
All the automotive coatings market segments have been analyzed and important market numbers such as the market share, Y-o-Y growth, and revenue & volume comparison has been offered for these segments.
The report has split the automotive coatings market regionally into Middle East & Africa (MEA), North America, Europe, Japan, Latin America and Asia-Pacific excluding Japan (APEJ).
A country-level analysis on all these regional markets for automotive coatings has also been offered in key dedicated chapters of the report.
Automotive Coatings Market Scope Of The Report
A recently compiled report of Fact.MR, titled Automotive Coatings Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018-2027,” gives a comprehensive analysis on the automotive coatings market worldwide.
Size of the automotive coatings market has been evaluated for the historical period (2013-2017) and forecast period (2018-2027), and has been delivered in terms of value (US$ Bn) and volume (tons).
The automotive coatings market continues to witness significant transformation ranging from new material developments in the vehicle production to higher popularity of traditional colors compared to “more colorful” alternatives.
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The automotive coatings market is expected to witness an increase in volume sales of over 3,500 tons in 2018 over 2017
According to a recent Fact.MR study. Refinish formulations continue to gain center stage in the automotive coatings market, while water-borne coatings are gaining increased focus for basecoats.
Water borne automotive coatings have gained utter prominence over the years of evolution, primarily driven by environmental and health concerns of the solvent-borne automotive coatings. The study estimates nearly 6 in 10 tons of automotive coating sold worldwide in 2018 to be water-borne. However, demand for waterborne coatings as primer surface layer is likely to witness decline in tandem with increasing palpability of UV cure automotive coatings.
UV cure variants, albeit accounting for minor share of the market currently, have emerged as fast-selling automotive coatings and the status quo is likely to prevail in 2018 and beyond. Demand for solvent borne coatings is expected to remain higher than solvent-borne coatings in 2018, despite concerns regarding their environmental and health impacts. Preference for solvent borne automotive coatings is primarily undergird by their relative superiority in retention of pigments liquid and binding agents.
Acrylics to Remain Preferred Resin for Automotive Coatings
Fact.MR study opines that acrylics will remain the top-selling resin in the automotive coatings market, as these resins witness predominant use in passenger cars, trailed by fluoropolymers. However, recent shift in manufacturer preferences have led the demand for amines and poly alkyds, and it is highly likely that these resins will record relatively faster volume sales in 2018 and beyond.
Shares of the automotive coatings market are expected to remain clustered at the top and splintered at the bottom. Top 5 players will collectively account for nearly 40% share of the automotive coatings market. Supremacy of these players will be upheld by their sound operations and robust sales infrastructure worldwide. Small and mid-sized automotive coatings manufacturers are focused toward collaborations with established players as a key expansion strategy to strengthen their distribution and manufacturing capabilities.
Leading automotive coatings manufacturing companies emphasize providing automotive OEMs and key Tier 1 customers with value-added, best-in-class service products. These products are targeted at cutting down cost for customers while increasing their shareholder value in the automotive coatings market. Provision of cost-effective structure management to customers for maintaining safety standards and enabling process optimization, is a key focus area of leading automotive coatings market players.
“Lightweighting of vehicles and the shift toward low-temperature curing have been driving advancements in automotive coatings in recent years, with leading manufacturers exploring use of high-strength plastics and carbon fiber-reinforced polymers. Automotive coatings manufacturers are also concentrating on the development of “smart coatings” that feature enhanced performance characteristics including solar-reflective functionalities and self-healing or dirt-phobic,” says a lead analyst at Fact.MR
“Penetration of smart solutions in the automotive coatings market entirely relies on requirements of automakers. Demand for self-cleaning, anti-fouling, and anti-corrosion enabling coatings among automotive companies is expected to be a key growth driver for smart coatings in the near future. However, economic slowdown and government regulations and interventions might add to confinements in growth potential of smart automotive coatings,” adds the analyst.
Fact.MR’s study offer an accurate forecast on the automotive coatings market for the period between 2018 and 2027. The automotive coatings market has been envisaged to record a moderate CAGR of over 4.0% through 2027.
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/2442
Report Benefits & Key Questions Answered
Smart Automotive Coatings Company & brand share analysis: The report offers in-depth Smart Automotive Coatings brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
Smart Automotive Coatings Historical volume analysis: The report offers a comparative analysis between historic sales of Smart Automotive Coatings and projected sales performance for 2021-2031
Smart Automotive Coatings Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
Smart Automotive Coatings Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
Post COVID consumer spending on Smart Automotive Coatings: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power
More Valuable Insights on Smart Automotive Coatings Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Smart Automotive Coatings, Sales and Demand of Smart Automotive Coatings, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
Read More Trending Reports of Fact.MR-
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About Fact.MR
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