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 Polaris Market Research. 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.
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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.
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.
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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 Polaris Market Research.
Get sample copy of this report @ https://www.polarismarketresearch.com/industry-analysis/automotive-coatings-market/request-for-sample 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.
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.
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.
By 2026, Asia Pacific region is projected to appear as the largest market worldwide.
The Global Automotive Paints Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Automotive paints are a multilayer coating system aiding in enhancing the look of the automobiles as well as protecting it against sunlight, oxidation, corrosion and scratches.
The layers include a primer (as protector and leveler), a basecoat (has visual properties) and the final clearcoat (to resist abrasion).
The pigment is responsible for the colour of the paints, solvents makes the paint easy to apply ,resins help it in drying and chemical additives to eliminate the flaws and defects that used to plague the finishes on automobiles.Paints chemists have worked over the years to bring more durable and environment friendly (i.e.
Similarly work has been done to minimize wastage in paints application techniques from air spray gun, high volume low pressure guns (HVLP), airless spray guns, electrostatic spraying to power coating and UV-cured coatings.This report is segmented based on coating types, textures, vehicles, technologies techniques and geography.
Primer and clearcoat were the major coating consumed by the automobile industry.
Automotive Paints Coatings - MARKET ADVISORY SERVICES
Automotive paints and coatings are used as a layer to protect the substrate from environmental damage while providing it with color and glossiness to increase the beauty of the substrate.In terms of region, the global Automotive paints and coatings market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa.
Asia Pacific is likely to hold a prominent share of the global market due to high vehicle production in the region.The market in Latin America is anticipated to expand at a substantial growth rate during the forecast period.
GDP of countries in Latin America is expanding at a significant growth rate.
Market share, growth rate, and competitive factors are also evaluated for market leaders Akzonobel, BASF, etc.
The following manufacturers Of Automotive paints and coatings are covered in this report:
The global Powder Coating Market is expected to grow at a healthy CAGR of over 7 % over the forecast period (from 2016 to 2024).
Steady raw materials supply is said to result in a stable price trend during the next few years.
The global market is categorized as applications and regions.Browse Details of Report @ https://www.hexaresearch.com/research-report/powder-coatings-industry The application sector includes architecture, automotive, industrial, consumer goods, and furniture.
This is mainly because coatings provide a supple, consistent finish that resists cracking and/or peeling.
Shelving systems, outdoor metal furniture, metal cabinets etc.
are several other lucrative applications with a revenue forecast of over USD 3 billion by 2024.
If you're restoring an antique car, personalizing a new vehicle, or something in between, you're generally repainting it in some way.
We agree that you should have a range of options for your painting projects.
High alkyd oil-based enamels and two-part automotive paints may also be used.But, nothing beats powder coating's durability or maintenance-free qualities.
Powder coating today comes in so many colors, shades, and textures that match most finishes.
Even some of the most precise numbers matching restorations of high-quality finish would gain from auto component powder coating because today's powder coating could match those original finishes.The average vehicle contains over 20,000 components, including larger objects such as fenders and doors and every single screw and clip.
Certain components, such as bumpers & trim, should be plated, while the rest of the parts would need to be coated.Powder coating looks excellent, it is incredibly durable, and it protects the metal against rust.
Global Plastic Coating Market Overview:Global Plastic Coatings Market Size is showing the potential to climb a high valuation with an impressive market CAGR between 2018 and 2023, which the report published by Market Research Future (MRFR) considered to be the forecast period.
The Plastic Coating is gaining wide-spread application in several industries owing to its impressive features like corrosion resistance, lightweight, abrasion protection, better moisture guarding, and others.
The manufacturing of fuel-efficient automobiles can also inspire the intake of Plastic Coating Market.
The intensification in disposable income has spurred the expansion of various industries like building & construction, personal care, automobile, and others, which can inspire a better intake of the Plastic Coatings Market.
Surging budgetary expenditures in the aerospace & defense segment can inspire better growth for the Plastic Coating Market.Global Plastic Coating Market Competitive Landscape:Several Players, with their tactical changes to secure a better position and trigger growth for the market, are impacting the global market.
These companies have been tracked with their latest moves like mergers, acquisitions, and others to gauge how the market is going to perform in the coming years.In November 2019, Eastman announced its collaboration with NB Coatings where it would perform better with a carbon renewal technology to inspire enriched Plastic Coating.
