Global Automotive Coatings Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Automotive Coatings market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The automotive coatings market is expected to reach more than USD 35.82 billion by 2026 with a CAGR of 6.4% during the forecast period as per a new study released by Report Ocean.
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The report “Automotive Coatings Market [By Technology Type (Water-Borne, Solvent-Borne, Powder Coating and Others) By Product Type (Primer, Clearcoat, Basecoat and Others) By Resin (Epoxy, Polyurethane, Acrylic & Others) By Regions]: Market size & Forecast, 2017 – 2026” provides an extensive analysis of present market dynamics and predicted future trends.
The market is driven by growing application as blockades to car paints from thrilling acid rains, heat, UV radiations, and dust accompanied by feature of improving automobile appearance. Customer’s expectation for efficiency maximization, appealing appearance and compliance with environmental regulations are demonstration of the modernistic machineries that are used in production of products and upgraded processes, thereby creating long lasting surfaces of vehicles.
Currently, this market is intensified by its reduction in manufacturing cost, bringing consumer satisfaction by offering corrosion protection and improving visual features, as well as justifying environmental anxieties. The initiation of the novel smart coatings has eased the concern of car topcoats appearance, corrosion, and durability, thereby making them long lasting. Global advent of two-layer topcoats and the color, gloss, and chip confrontation presented by innovative products remains practical in initial seven to ten years of usage. These factors are anticipated to boost the market growth.
The adoption of novel products challenges the boundless ecological concern. Aiming at precise expectations of buyers, as well as efficiency maximization and environmental regulations compliance within the advanced processes, are predicted to supplement the market demand of these products.
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By 2026, Asia Pacific region is projected to appear as the largest market worldwide. Presence of a recognized automobile production base in numerous APAC nations along with rising automobile manufacture in India and other Southeast Asian realms are driving the market. Several R&D Investments by large industry players along with institutes have also augmented the development of high-performance automotive coating materials market in this region. Further, the North American market is driven and dominated by U.S. owing to well settled manufacturing of automobiles. However, with growing production of vehicles in Canada and Mexico, the market is likely to have increasing demand of these products.
Some of the leading industry participants in this category of coating production globally includes Jotun A/S, Solvay, DSM, Eastman Chemical Company, Lord Corporation, Clariant AG, Cabot Corporation, Berger Paints, BASF, Arkema SA, Sherwin-Williams Company, AkzoNobel, Valspar Corporation, KCC Paint, Bayer AG, Beckers Group, Nippon Paint, PPG Industries, Kansai Paint, and Axalta Coating Systems.
Report Ocean has segmented the global automotive coating market on the basis of product, application, consumables and region:
Automotive Coatings Technology Outlook (Market Revenue in USD Billion, 2015 – 2026)
Water-Borne
Solvent-Borne
Powder Coating
Others
Automotive Coatings Product Outlook (Market Revenue in USD Billion, 2015 – 2026)
Primer
Clear Coat
Basecoat
Others
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Automotive Coatings Resin Type Outlook (Market Revenue in USD Billion, 2015 – 2026)
Epoxy
Polyurethane
Acrylic
Others
Automotive Coatings Regional Outlook (Market Revenue in USD Billion, 2015 – 2026)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Asia Pacific
China
India
Japan
Australia
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Key questions answered in the global Automotive Coatings market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Automotive Coatings market over the forecast period?
- What are the factors driving and restraining the market for Automotive Coatings?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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