Press release
Automotive Coatings Market in Depth Analysis, Global Trends, Opportunities, New Technologies, Regional Analysis, Growth Factors and Forecast 2029
Automotive Coatings Market
Exactitude Consultancy research's "Automotive Coatings Market Forecast" study report focuses at sales and the overall global market for Automotive Coatings in 2022. The sales forecast for Automotive Coatings by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Automotive Coatings market, with sales of Automotive Coatings broken down by region, market sector, and sub-sector, in US$ million.
Based on market dynamics and development-promoting variables, the Automotive Coatings Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.
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Market Overview:
The automotive coatings industry emerged in tandem with the automobile industry. Both companies are constantly evolving in order to provide complex technology and long-lasting items to their customers. The need for automotive coatings is mostly controlled by demand patterns in the automotive industry, environmental legislation, health and safety standards, buyer preferences, lifestyle, and the increasing economy.
Automotive Coatings Market Growth is Being Driven by Growing Trends in Automotive Refinishing Coatings
The emergence of self-driving and electric vehicles is causing a stir in the automobile sector. As OEMs increasingly deploy ADAS (advanced driver assistance programmes), physical stores are facing an increase in complexity and maintenance costs, with the additional effort required to maintain and test these systems in compliance with OEM regulations.
competitive analysis
The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Automotive Coatings market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.
Major companies in Automotive Coatings Market are:
BASF SE , Axalta Coating Systems , PPG Industries, Inc. , Kansai Paint Co., Ltd , Nippon Paint Holdings Co., Ltd. , The Valspar Corporation , KCC Corporation , Sherwin-Williams , AkzoNobel , and Jotun A/S
Recent Developments:
In January 2018, BASF SE & Sirrus announced a joint collaboration to develop a new class of automotive coating solutions based on proprietary methylene malonate technology. This new product line will aid in boosting the firm's sustainability trends along with increasing safety and reducing overall manufacturing costs.
In September 2021, Axalta Coating Systems LLC successfully completed the previously announced acquisition of U-POL Holdings Limited (U-POL). The acquisition of U-POL, a leading supplier of paints, protective coatings, and accessories primarily for the automotive aftermarket strengthens Axalta's global refinish leadership position and supports its broader growth strategy.
In July 2021, AkzoNobel N.V. and Mercedes-Benz extended their partnership agreement for another four years. This entails the continuation of providing vehicle refinish products including automotive and specialty coatings and services in China and a preferred partner in Indonesia.
In June 2021, PPG announced the expansion of its coatings manufacturing capacity in Europe for packaging applications. The investment is expected to meet the rising customer demand in the region for the latest generation coatings for aluminium and steel cans used in packaging for beverage, food, and personal care items.
In June 2021, PPG completed the acquisition of Worwag, a global manufacturer of coatings for industrial and automotive applications. The company specializes in developing liquid, powder, and film coatings and operates in Germany, the US, China, South Africa, Mexico, Spain, Switzerland, and Poland. This acquisition is expected to provide further value to the company's existing or new customers and shareholders.
Automotive Coatings Market Segmentation:
Automotive Coatings Market by Resin, 2020-2029, (USD Millions, Kilotons)
Polyurethane
Epoxy
Acrylic
Automotive Coatings Market by Technology, 2020-2029, (USD Millions, Kilotons)
Solvent-Borne
Water-Borne
Powder Coating
Automotive Coatings Market by Coat, 2020-2029, (USD Millions, Kilotons)
Clearcoat
Basecoat
E-Coat
Primer
Automotive Coatings Market by Region, 2020-2029, (USD Millions, Kilotons)
North America
Europe
Asia Pacific
South America
Middle East And Africa
Important countries in all regions are covered.
Our market analysts are professionals at carefully categorizing the global Automotive Coatings market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Automotive Coatings market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.
This report also splits the market by region:
The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.
The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.
Strategic Points Covered in Table of Content of Global Automotive Coatings Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Automotive Coatings market
Chapter 2: Exclusive Summary - the basic information of the Automotive Coatings Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Automotive Coatings
Chapter 4: Presenting the Automotive Coatings Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Automotive Coatings market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Browse a Detailed Summary of the Research Report @ https://exactitudeconsultancy.com/reports/4412/automotive-coatings-market/#request-a-sample
Thank you for reading it all the way to this point.
Automotive trending reports:
https://www.benzinga.com/pressreleases/23/07/33281374/actuators-market-key-trends-driving-growth-in-the-2029-abb-switzerland-rockwell-automation-us-altra
https://www.benzinga.com/pressreleases/23/07/33281370/aircraft-switches-market-cagr-of-4-1-size-upcoming-trends-key-players-revenue-share-and-forecast-20
https://www.benzinga.com/pressreleases/23/07/33281365/aircraft-seating-market-2023-analysis-trends-and-global-forecast-2022-2029
https://www.benzinga.com/pressreleases/23/07/33281354/automotive-engine-encapsulation-market-size-status-and-growing-demand-analysis-continental-ag-auton
https://www.benzinga.com/pressreleases/23/07/33281368/automotive-engine-piston-market-outlook-2023-worldwide-trends-and-opportunities-2029
Connect Us:
PHONE NUMBER +1 (704) 266-3234
EMAIL ADDRESS: sales@exactitudeconsultancy.com
About Us
Exactitude Consultancy is a Market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our professional team works hard to fetch the most authentic research reports backed with impeccable data figures which guarantee outstanding results every time for you. So, whether it is the latest report from the researchers or a custom requirement, our team is here to help you in the best possible way.
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