Press release
Automotive Engine Coating Market: Revenue Share, Insights & Future Outlook
What Are the Key Growth Drivers in the Automotive Engine Coating Market?The global market for Automotive Engine Coating was estimated to be worth US$ million in 2023 and is forecast to reach a readjusted size of US$ million by 2030, growing at a CAGR of % during the forecast period 2024-2030. Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there were 81.6 million vehicles produced worldwide. At present, more than 90% of the world's automobiles are concentrated in Asia, Europe, and North America, of which Asia accounts for 56% of production, Europe 20%, and North America 16%. The major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and others; China is the largest automobile-producing country, accounting for about 32%, while Japan is the largest car exporter, exporting more than 3.5 million vehicles in 2022.
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How Will Technological Advancements Shape the Automotive Engine Coating Industry?
The market is segmented by Type and Application to capture trends in materials and engine types:
Segment by Type:
• Teflon Coating
• Ceramic Coating
• Others
Segment by Application:
• Petrol Engine
• Diesel Engine
• Gas Engine
Which Companies Are Leading the Global Automotive Engine Coating Market?
Key players in the global Automotive Engine Coating market include:
• Praxair Inc: Specializes in advanced coatings and surface treatments for automotive engines.
• Oerlikon: Focuses on high-performance ceramic and thermal coatings for engine protection.
• Akzo Nobel N.V: Provides innovative coating solutions for automotive components.
• DuPont: Offers specialized Teflon and ceramic-based engine coatings.
• PPG Industries, Inc: Engages in automotive surface coatings and protective layers.
• Indestructible Paint Ltd: Known for durable protective coatings in engine applications.
• APS Material, Inc: Supplies advanced engineered coating solutions for engines.
• Lincotek Group S.p.A: Delivers high-precision thermal spray coatings for automotive parts.
• Chromalloy Gas Turbine LLC: Provides coating solutions for high-temperature engine environments.
• Swain Tech: Specializes in protective and functional engine coatings.
• Tech Line Coatings Industries Inc: Focuses on surface protection and performance coatings.
• Wallwork Cambridge: Offers thermal and metallic coating solutions for engine parts.
• VaporTech: Provides innovative vapor deposition coatings for automotive engines.
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