Data Bridge Market Research analyses that the automotive coatings market was valued at USD 16.24 billion in 2021 and will reach USD 28.26 billion by the year 2029, at a CAGR of 7.17% during the forecast period of 2022 to 2029.
Calcimimetics market study analyzes market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors and Porter's Five Forces Analysis. This finest report also studies company profiles with respect to company snapshot, geographical presence, product portfolio, and recent developments. This winning market report performs geographical analysis for the major areas such as North America, China, Europe, Southeast Asia, Japan, and India, with respect to the production, price, revenue and market share for top manufacturers. Comprehensive data and brilliant forecasting techniques used in the universal Calcimimetics report coincide with precision and correctness.
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Data Bridge Market Research analyses that the automotive coatings market was valued at USD 16.24 billion in 2021 and will reach USD 28.26 billion by the year 2029, at a CAGR of 7.17% during the forecast period of 2022 to 2029.
Market Overview
Automotive coatings offer substantial beneficial properties for the surface of an object such as enhanced gloss, better clarity, excellent finish, along with considerable durability and weather ability. Additionally, these protective coatings also offer significant resistance to abrasion, impact, and chemicals. The clear coat segment accounted for the largest share, in terms of volume, of the overall automotive coating market
Some of the major players operating in the automotive coatings market are BASF SE (Germany), Axalta Coating Systems (U.S.), PPG Industries, Inc. (U.S.), Kansai Paint Co., Ltd (Japan), Nippon Paint Holdings Co., Ltd. (Japan), The Valspar Corporation (U.S.), KCC Corporation (South Korea), Sherwin-Williams (U.S.), AkzoNobel (Netherlands), and Jotun A/S (Norway) among others.
Recent Development
- In 2021, PPG has acquired Hemmelrath’s Erlenbach site to nurture its automotive coatings portfolio. This acquisition will help the company to enhance its automotive coatings offering, adding to its formulating and production proficiency. The clearcoat unit uses a fully automated production technology with faster and shorter manufacturing periods and production of numerous batch sizes of around 25 metric tons.
- In 2021, IGL Coatings has introduced Ecoclear Aegis, a graphene-reinforced anti-corrosion clear coating. This green coating solution is translucent and can bear and protect the surface from extreme atmospheric corrosive conditions.The coating’s transparency can identify the early signs of corrosion, providing the way for faster precautionary measures.
- In 2020, Clearlake Capitals had announced to acquire Innovative XCessories & Services LLC. IXS is known for its provisions related to coating solutions and automobile upfit services to OEMs. Various other impacts on the automotive aftermarket are gaining provision from these companies. This merger would create better growth opportunities
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Highlights of TOC
Chapter 1: Market overview
Chapter 2: Calcimimetics Market
Chapter 3: Regional analysis of the Calcimimetics industry
Chapter 4: Calcimimetics segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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