Automotive Coatings Market Key Players, Latest Trades & Forecast Report to 2028

With the increasing income of people and the surging gross domestic product (GDP) of many countries, the sales of automobiles are booming, which is, in turn, pushing up the demand for automotive refinish coatings.

For example, due to the surge in the GDP, the sales of automobiles in China grew by 28.03 million four-wheelers in 2016.

This subsequently fueled the demand for refinish coatings, as these coatings are heavily required for automobile maintenance and repair.Similarly, in India, the sales of used cars increased from 1.6 million units in 2011 to 3.3 million units in 2016.

The U.S. also witnessed a massive rise in the sales of used trucks and cars, with the sale of 17.6 million units in 2016, because of the lower prices of these vehicles in comparison to new vehicles.

Apart from this, the mushrooming demand for recreational vehicles is also fueling the sales of automotive refinish coatings.With the ballooning sales of these vehicles, manufacturers are increasingly focusing on making modifications, in order to provide economically viable and customized RVs to customers.

This growing trend of modification and customization of RVs is fueling the demand for automotive refinish coatings, thereby driving the expansion of the global automotive refinish coatings market.

Fact.MR’s study offer an accurate forecast on the automotive coatings market for the period between 2018 and 2027.

The automotive coatings market has been envisaged to record a moderate CAGR of over 4.0% through 2027.

The automotive coatings market is expected to witness an increase in volume sales of over 3,500 tons in 2018 over 2017, according to a recent Fact.MR study.

Refinish formulations continue to gain center stage in the automotive coatings market, while water-borne coatings are gaining increased focus for basecoats.The key players in the global automotive coatings market report consist ofThe Sherwin-Williams Co.RPM International Inc.Nippon Paint Holdings Co.Axalta Coating SystemsEach market player encompassed in the automotive coatings market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R projects, and business tactics.

UV cure variants, albeit accounting for minor share of the market currently, have emerged as fast-selling automotive coatings and the status quo is likely to prevail in 2018 and beyond.

Preference for solvent borne automotive coatings is primarily undergird by their relative superiority in retention of pigments liquid and binding agents.Acrylics to Remain Preferred Resin for Automotive CoatingsFact.MR study opines that acrylics will remain the top-selling resin in the automotive coatings market, as these resins witness predominant use in passenger cars, trailed by fluoropolymers.

Growing demand of automobile across global is offering great opportunity for auto coating industry.

Innovation in green technology such as making the products eco-friendly will help the industry to grow significantly as it will abide government regulations.Water borne and powder borne coatings popularity is increasing as it has longer durability, in line with government regulations during production, and is cost effective than conventional solvent borne coatings.

These emits hazardous chemical and harms environment.

Also the prices of raw material are fluctuating hence it is emerging as a major challenge for the industry as the profit margins are reducing.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/automotive-coatings-market/request-sampleThe automotive coatings industry is segmented majorly into two categories which includes aftermarket or refinish and Original Equipment Manufacturing (OEM).

On the basic of product segmentation, the global automotive coatings market can be divided into four categories namely primer coats, electro-coats, clear-coats, and basecoats.

In the competitive market scenario, companies are adopting various business model to exploit the market opportunities and gain competitive edge.

The Automotive Refinish Coatings Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.

This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.This research report also includes profiles of major companies operating in the global market.

Some of the prominent players operating in the global Automotive Refinish Coatings market are 3M Company, AkzoNobel N.V., Axalta Coating Systems Ltd, BASF SE, DowDuPont Inc., Kansai Paint Co., Ltd., KCC Corporation, Nippon Paint Holdings Co Ltd, PPG Industries Inc., and The Sherwin-Williams Company.

This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Automotive Refinish Coatings Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-refinish-coatings-market/download-sampleMarket DynamicsThe increasing investment of consumers towards the maintenance of vehicles is driving the automotive refinish coating market growth.

Moreover, the growing automotive industry in emerging economies like Asia-Pacific is again fueling market growth.

However, fluctuating raw material prices of coating materials could hinder the market growth.The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity.

vAutomotive Underbody Coatings market is segmented by region (country), players, by Type, and by Application.

Players, stakeholders, and other participants in the global Automotive Underbody Coatings market will be able to gain the upper hand as they use the report as a powerful resource.

The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Automotive Underbody Coatings market is segmented into:BitumenResinWax BasedOthersDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/60562/global-japan-automotive-underbody-coatings-2026-363Segment by Application, the Automotive Underbody Coatings market is segmented into:OEMAftermarketRegional and Country-level Analysis:The Automotive Underbody Coatings market is analysed and market size information is provided by regions (countries).The key regions covered in the Automotive Underbody Coatings market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.

It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Automotive Underbody Coatings Market Share Analysis:Automotive Underbody Coatings market competitive landscape provides details and data information by players.

The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.

The global automotive coatings market is expected to expand at a healthy rate of 6.28% CAGR between 2018 to 2026, elucidates an upcoming report by automotive coatings market.The global automotive coatings market is likely to grow at a healthy rate in the upcoming years.

The rising disposable income is paving way for the customer to look for attractive colors and they do not mind paying to improve aesthetic.

Request A Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=3568Manufacturing Industries to Propel Growth in Automotive Coatings MarketThe substantial demand for paint coatings comes from automotive manufacturing units.

If Toyota alone sold such a huge numbers of vehicles, all other brands if taken in to account may indicate enormous amount of vehicles sales.

Ever Increasing demand for vehicles is projected to pave the way for growth in the global automotive coatings market.Additionally, paints are applied in many coatings such as base coat, first coat, primer coat, etc.

This may lead to increasing sales of coatings in automobile manufacturing, thus, aiding in the growth of the global automotive coatings market in the upcoming years.These paints are applied after the primer coating; it is the base coat that adds to attractiveness of the vehicles.

The automotive coatings market continues to witness significant transformation ranging from new material developments in the vehicle production to higher popularity of traditional colors compared to “more colorful” alternatives.

Refinish formulations continue to gain center stage in the automotive coatings market, while water-borne coatings are gaining increased focus for basecoats.Water borne automotive coatings have gained utter prominence over the years of evolution, primarily driven by environmental and health concerns of the solvent-borne automotive coatings.

However, demand for waterborne coatings as primer surface layer is likely to witness decline in tandem with increasing palpability of UV cure automotive coatings.

In this automotive coatings market study, the following years are considered to predict the market footprint:History Year: 2013 - 2017Base Year: 2013Estimated Year: 2027Forecast Year: 2018 – 2027The business intelligence study of the automotive coatings market covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units).

Each segment of the automotive coatings market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:North America (U.S., Canada)Latin America (Brazil, Mexico)Europe (U.K., Germany)APEJ (China, India)Want to know more about the report or any specific requirement: https://www.factmr.com/connectus/sample?flag=AE_id=2442The key players in the global automotive coatings market report consist ofPPGAkzoNobelThe Sherwin-Williams Co.RPM International Inc.Nippon Paint Holdings Co.Axalta Coating SystemsBASF CoatingsKansai Paint Co. Ltd.Behr Process Corp.Benjamin Moore & Co.Nippon Paint (USA)Each market player encompassed in the automotive coatings market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R projects, and business tactics.

In addition, the automotive coatings market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.On the basis of resin type, the global automotive coatings market report covers the footprint, and consumption of the segments includingAcrylicsFluoropolymersUrethanesEpoxyPoly AlkydsAminesThe global automotive coatings market covers the demand trends of coat type which includesTop CoatPrimerBasecoatClear coatAcrylics to Remain Preferred Resin for Automotive CoatingsFact.MR study opines that acrylics will remain the top-selling resin in the automotive coatings market, as these resins witness predominant use in passenger cars, trailed by fluoropolymers.