Global Automotive Paints And Coatings Market to grow at a CAGR of 4.95% during 2017-2021

About Automotive Paints & Coatings

Automotive paints and coatings are used to enhance the exterior appearance and durability of an automobile by shielding it from harsh external conditions such as ultraviolet (UV) radiation, heat and cold, and debris. Paint and coating play a vital role in automotive decoration. It is one of the key features which can attract a consumer toward any automotive product. The selection of automotive paints and coatings by the end-users depends on the quality and aesthetic value of the coatings. The automotive manufacturers use automotive paints and coatings in the production of new vehicles (including passenger cars, light commercial vehicles, and heavy commercial vehicles), as well as for aftermarket purposes such as vehicle repair and refinishing.

Technavios analysts forecast the global automotive paints and coatings market to grow at a CAGR of 4.95% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive paints and coatings market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of paints and coatings used in the original equipment manufacturer (OEM) and automotive refinish sectors of the automotive industry.

The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW

Technavio's report, Global Automotive Paints & Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
Axalta Coating Systems
BASF
Kansai Paint
Nippon Paint Holdings
PPG Industries

Other prominent vendors
3M
AkzoNobel
Arkema
Berger Paints
Covestro
Clariant
DuPont
KCC
Sherwin-Williams
Valspar

Market driver
Coatings specifically for fuel-efficient automotive
For a full, detailed list, view our report

Market challenge
New coating process technologies: A bane
For a full, detailed list, view our report

Market trend
Growing demand for UV-curable and nanocoatings
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.