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Automotive Coating Market: The global market is expected to grow at a CAGR of 7.2% during the forecasted period.

02-20-2024 01:50 PM CET | Industry, Real Estate & Construction

Press release from: Evolve Business Intelligence

Automotive Coating Market: The global market is expected to grow

As per the study initiated by Evolve Business Intelligence, the global Automotive Coating Market size accounted for USD 16.8 Billion in 2022, growing at a CAGR of 7.2% from 2023 to 2033. The automotive coating market refers to the industry that produces and supplies various types of coatings and finishes for vehicles. These coatings are applied to the exterior and, in some cases, interior surfaces of automobiles to enhance their appearance, protect them from environmental elements, and improve durability. Automotive coatings serve multiple purposes, including corrosion resistance, scratch resistance, UV protection, and aesthetic appeal.

The automotive coating market is influenced by factors such as automotive production trends, consumer preferences, environmental regulations, and technological advancements. As the automotive industry evolves, there is a continuous demand for innovative coatings that meet both aesthetic and functional requirements. Additionally, sustainability and environmentally friendly coatings have become increasingly important in response to global environmental concerns. Manufacturers in the automotive coating market work to develop formulations that balance performance, durability, and eco-friendliness.

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Key Highlights:
• The global Automotive Coating Market size was valued at USD 16.8 billion in 2022 growing at a CAGR of 7.2% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Automotive Coating Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..

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Key Players
Some of the major Automotive Coating Market players holding high market shares include Akzo Nobel N.V., Jotun, Nippon Paint Holdings Co. Ltd. and PPG Industries Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• BASF SE
• Axalta Coating Systems
• Kansai Paint Co., Ltd.
• Akzo Nobel N.V.
• Jotun
• Nippon Paint Holdings Co. Ltd.
• PPG Industries Inc.
• The Valspar Corporation
• Arkema SA

Segmental Analysis
Market Segment By Type
• Solvent-Borne
• Water-Borne
• Powder Coating
Market Segment By Technology
• Basecoat
• Clearcoat
• E-coat

For more information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022218

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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Evolve Business Intelligence
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Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

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