The Global Automotive Coatings Market Report offers extensive knowledge and information about the Automotive Coatings market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The report is formulated with the updated and latest information of the global Automotive Coatings market further validated and verified by the industry experts and professionals. The Global Automotive Coatings Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Automotive Coatings market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
The global automotive coatings market size is expected to reach USD 22.96 Billion in 2032 and register a steady revenue CAGR of 4.4% during the forecast period, according to latest analysis by Emergen Research. Rising usage of powder-based coatings in the automotive industry is the key factor driving market revenue growth. Powder coating is utilized in various automobile applications, including hubcaps, bumpers, wheels, cosmetic trim, door handles, truck beds, accent components, filters, radiators, and different engine elements. Powder-coated surfaces are more resistant to scratches, chipping, wear, and fading , which are utilized in automotive applications owing to their high abrasion and corrosion resistance.
In addition, rising demand for ceramic coatings is another factor driving revenue growth of the market. This coating is commonly used to guard against dirt, filth, scratches, and other markings that affect any hard surface of a car, including the outside paint, wheels, and calipers. There are various advantages of putting a ceramic coating on the interior or exterior of a vehicle as a ceramic coating can shield the paint from Ultraviolet (UV) radiation, which causes oxidation, peeling, and paint dulling. Moreover, this coating also guards against chemical stains or acidic impurities caused by bugs, smog, or other factors. A ceramic coating also makes cleaning a vehicle much easier. However, high-performance coatings are expensive is a key factor, which could restrain market revenue growth.
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Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
Key Questions Answered in the Report:
What is the growth rate of the Automotive Coatings market? What is the anticipated market valuation of Automotive Coatings industry ?
What are the key growth driving and restraining factors of the Automotive Coatings Market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Automotive Coatings industry over the forecast period?
Which region is expected to show significant growth in the coming years?
It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
The report also discusses the key players involved in the market such as
The Sherwin-Williams Company, KCC PAINTS SDN BHD, Bayer AG, Beckers Group, Cabot Corporation, Berger Paints India Limited, Eastman Chemical Company, Valspar, CLARIANT, and Solvay;
Key Objectives of the Global Automotive Coatings Market Report:
- An all-inclusive analysis and forecast estimation of the market have been included in this report.
- The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Automotive Coatings market and its leading players.
- The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
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Regional Landscape section of the Automotive Coatings report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Automotive Coatings market expected to boost the growth of the industry in the coming years.
Automotive Coatings Market Segmentation:
-
Resin Type Outlook (Revenue, USD Billion; 2019–2032)
- Polyurethane
- Epoxy
- Acrylic
- Others
-
Technology Outlook (Revenue, USD Billion; 2019–2032)
- Solvent-based
- Water-based
- Powder-based
-
Coat Type Outlook (Revenue, USD Billion; 2019–2032)
- Clear coat
- Basecoat
- Primer
- E-coat
The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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