Press release
Automotive Specialty Coatings Market Booming Worldwide with Latest Trend and Future Scope by 2031
According to the American Chemical Council (ACC), in 2021, The automotive coatings industry employs thousands of workers around the globe. In 2021 in the US, it is estimated that 159 million pounds of polyurethane coatings were used by the automotive industry. This is comprised of approximately 67 million pounds by original equipment manufacturers (OEMs) and another 67 million pounds by the auto refinishing industry.
Biomass balance approach, renewable raw materials are used as raw materials when manufacturing primary chemical products in the production site. For instance, in December 2022, BASF SE launched automotive coatings using renewable raw materials according to a certified biomass balance approach. The first batch of biomass balance ColorBrite® Airspace Blue ReSource basecoat was delivered to a customer in China. The product helps reduce around 20.0% product's carbon footprint
The tackle extreme weather conditions, the automotive aftermarket has always been on the search for the most durable coating for car owners. For instance, in November 2021, 3M India launched Ceramic Coating for the Indian automotive and paint industry. The product was launched to offer an improved solution to all issues related to exterior car surfaces. 3M Ceramic Coating provides a hydrophobic finish that makes it suitable for water beading, thus maintaining surface durability.
Some degree of incompatibility with the paint is important for levelling performance the levelling agent emits little VOC (Volatile Organic Compounds), that makes it attractive for high-solids formulations owing to its very low viscosity impact. For instance, in March 2023, Evonik launched a new TEGO® Flow 380 levelling agent for high-quality automotive clear coatings. Evonik's Coating Additives business line is expanding its TEGO® Flow series with an efficient polyacrylate-based levelling agent. TEGO® Flow 380 is suitable for solvent-borne coatings, especially clear coats.
To Request a Sample of our Report on Automotive Specialty Coatings Market: https://www.omrglobal.com/request-sample/automotive-specialty-coatings-market
Market Coverage
The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Resin Type
By Technology
By Application
By End Users
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes Akzo Nobel N.V., Axalta Coating Systems Ltd., BASF SE, PPG Industries, Inc., Sherwin-Williams, and others.
Automotive Specialty Coatings Market Report Segment
By Resin Type
Polyurethane
Epoxy
Acrylic
POLYESTER
Other (NYLON 6-6/6, Teflon)
By Technology
Waterborne Coatings
Solvent-Borne Coatings
Powder Coatings
Uv-Cured Coatings
By Application
Anticorrosion
Heat Protection
Liquid & Stain Repellents
Scratch Resistance
By End Users
Passenger Vehicle
Commercial Vehicle
A full Report of Automotive Specialty Coatings Market is Available @ https://www.omrglobal.com/industry-reports/automotive-specialty-coatings-market
Automotive Specialty Coatings Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
3M Co.
Akzo Nobel N.V.
Arkema S.A.
Asian Paints Ltd
Axalta Coating Systems Ltd.
Beckers Group
Berger Paints Ltd
DuPont de Nemours, Inc.
Hempel Group
HMG Paints Ltd.
Jotun Group
Kansai Paint Co.,Ltd.
KCC Corp.
Nippon Paint Automotive Coating Co., Ltd.
PARKER HANNIFIN CORP.
RPM International Inc.
Valspar Corp.
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/automotive-specialty-coatings-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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