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Automotive Coatings Market Key Industry Players, Growth, Trends, Demand Analysis Forecasts to 2032
Automotive Coatings Market
As per the Automotive Coatings market report by The Business Research Company, The increase in demand for lightweight vehicles is significantly contributing to the growth of the automotive coatings market. Stringent emission norms and the growing need for a reduction in fuel consumption have supported the demand for lightweight vehicles. The lightweight vehicle surfaces are coated with different types of coatings for protective as well as decorative purposes. Automotive coatings protect the automobile surface from corrosion as well as decrease the overall weight of vehicles.
The global automotive coatings market size grew from $18.75 billion in 2022 to $20.7 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive coatings market size is expected to grow to $27.72 billion in 2027 at a CAGR of 7.6%.
Read More On The Automotive Coatings Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-coatings-global-market-report
Major competitors in the Automotive Coatings market include The Valspar Corporation, Solvay, Sherwin-Williams Company, PPG Industries, Nippon Paint Automotive Coatings Co. Ltd., Lord Corporation, KCC Paint, Kansai Paint Co. Ltd., Arkema SA, Eastman Chemical, Clariant AG, Cabot Corporation, Berger Paints, Beckers Group, Bayer AG, BASF SE, Axalta Coating Systems, and Akzo Nobel N.V.
The Automotive Coatings market is segmented -
1) By Coat Type: Clearcoat, Basecoat, E-Coat, Primer
2) By Resin Type: Polyurethane, Epoxy, Acrylic
3) By Technology: Waterborne Coatings, Solventborne Coatings, Powder coatings, UV-Cured Coatings
4) By Substrate: Metals, Plastics
5) By End-Use: Light Vehicle OEM, Commercial OEM, Automotive Refinish
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Coatings market.
Request A Free Sample Of The Automotive Coatings Market Report Here:
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The automotive coatings are applied to the surface of automobiles to protect them from corrosion and improve their aesthetic value. Automotive coatings are used to coat interior and exterior parts of vehicles with some powder or liquid to enhance the look and toughness of automobiles and also to make them heat- and shock-resistant.
The Table Of Content For The Automotive Coatings Market Include:
1. Executive Summary
2. Automotive Coatings Market Characteristics
3. Automotive Coatings Market Trends And Strategies
4. Automotive Coatings Market - Macro Economic Scenario
5. Automotive Coatings Market Size And Growth
....
26. Africa Automotive Coatings Market
27. Automotive Coatings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Coatings Market
29. Automotive Coatings Market Future Outlook and Potential Analysis
30. Appendix
The "Global Automotive Coatings Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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