A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Automotive
Coatings Market. The
study, titled “Automotive
Coatings Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2014 - 2020”,
is available for sale on the firm’s website.
Automotive
coatings enhance the appearance and durability of a vehicle and also
protect it from extreme temperature, UV radiation, foreign particles,
and acid rain. Increasing consumer preference is a key factor driving
the global automotive coatings market, which is anticipated to
witness healthy growth over the forecast period.
The
research report studies the overall automotive coatings market by
segmenting it on the basis of several parameters such as coat type,
texture, technology, vehicle type, and geography. By texture, the
automotive coatings market is bifurcated into solid and metallic. By
coat type, the market is divided into primer, clearcoat, electrocoat,
and basecoat. By technology, the automotive coatings market is
segmented into waterborne, solvent-borne, and powder coating. By
region, the automotive coatings automotive coatings market is
fragmented into Europe, Asia Pacific, North America, and Rest of the
World.
Get
PDF Brochure for more Professional and Technical insights :
The
report offers a comprehensive, well-researched, unbiased, and
accurate overview of the global automotive coatings market, along
with focus on key aspects such as structure, components, growth
drivers and restraints, market attractiveness, strengths and
weaknesses, value and industry chain, scope, and dynamics.
Overview
of the Automotive Coatings Market
The
global automotive coatings market is projected to develop at a
healthy growth rate during the forecast period owing to increased
competition among players, growing demand for vehicles, supportive
government policies, development of transportation infrastructure,
and rapid economic growth. Ongoing product development and rising
research and development investments are likely to boost the demand
for automotive coatings in the coming years. However, volatile nature
of raw material prices and harmful environmental impact of
conventional solvent-borne coatings threaten to limit the growth of
the automotive coatings market.
Solvent-borne
is the leading technology segment within the automotive coatings
market but is projected to lose market share in the next few years
owing to environmental hazards. Basecoat makes up for the largest
coat-type segment and is likely to witness significant development by
the end of the forecast period.
Asia
Pacific accounts for the largest share of the automotive coatings
market owing to large demand and production of automobiles, rising
number of joint ventures among key players, and favorable political
and economic scenario. Even though Europe is presently the
second-largest automotive coatings market in the world, North America
is predicted to surpass it in the coming years owing to a significant
boost in the production of vehicles. While the major challenge that
Europe and North America face is economic slowdown, both the regions
are anticipated to benefit from stringent environmental regulations
that drive the demand for powder coatings and waterborne coatings.
Browse
Market Research Report with ToC & Analysis :
Companies
Mentioned in the Report
There
are several players competing in the global automotive coatings
market: BASF SE, PPG Industries Inc., Kansai Paint Co., Ltd., Bayer
AG, Solvay SA, Akzonobel N.V., Axalta Coatings System LLC, Arkema SA,
Nippon Paint Holdings Co., Ltd., and Valspar Corporation. The
research report identifies the leading players and profiles them
based on aspects such as company and financial overview, product
portfolio, recent developments, business strategies, and SWOT
analysis.
Global
Automotive Coatings Market, by Texture
- Solid
- Metallic
Global
Automotive Coatings Market, by Technology
- Waterborne
- Solvent-borne
- Powder Coating
Global
Automotive Coatings Market, by Coat Type
- Primer
- Electrocoat
- Basecoat
- Clearcoat
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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