Press release
Organic Growth To Be The Center-Point Of Automotive Paint Market
The arrival of enhanced paints and coating varieties is supporting the global sales of automotive paint. Apart from improving the external appearance of a vehicle, automotive paints also help in increasing the durability of the materials they are applied on. Clearcoat, basecoat, and primer paint are some of the common coating layers. Carmakers are utilizing automotive paint to increase the resistance of aluminium and metal components of vehicles. Automotive paints offer resistance against UV radiation, heat, dust particles, and acid rain. In addition, manufacturers are actively focusing of developing more advanced and efficient painting and coating technologies.The above-mentioned factors are expected to drive the growth of the global automotive paint market in the coming years, at a CAGR of around 5% through 2030.
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FACTS AT A GLANCE
Companies: The Valspar Corporation, Axalta Coating Systems Ltd., Clariant AG, Kansai Paint Co., Ltd, The Sherwin Williams Company, Akzo Nobel NV, BASF SE, DuPont Coatings & Color Technologies Group, and Nippon Paint Holdings Co Ltd.
Coverage: All major geographies and key segments
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Segments: Automotive Paint Market Segmented By Electrocoat, Primer, Basecoat, Clearcoat Coating Type in Metallic, Solid, Pearlescent Finish with Solvent-borne, Waterborne Paint Base
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
Persistence Market Research (PMR) recently published a report on the global automotive paint market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the automotive paint market structure. This market research report presents exclusive facts and figures about how the automotive paint market will grow over the forecast period of 2020 to 2030.
Key indicators of market background, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the automotive paint market over the forecast period.
The study is relevant for stakeholders in the automotive paint market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the automotive paint market can leverage the information and statistics presented in PMR’s research report.
The report includes facts and figures related to the macro- as well as macro-economic factors that are impacting the growth of the automotive paint market. The study also offers actionable insights based on the future trends in the automotive paint market. Furthermore, regional players and new entrants in the automotive paint market can also use the information presented in this report to make business decisions and gain momentum in the market.
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