Know More About “Automotive Coatings Market 2019-2025” Growth Worldwide…..|Grand View Research, Inc.


The global automotive coatings market is expected to reach USD 36.31 billion by 2025, according to a new report published by Grand View Research, Inc. Surging demand for both passenger and commercial automobiles in emerging countries including China, India, Mexico, Brazil, and South Africa on account of population growth and developing living standards is expected to augment market size over the forecast period. Moreover, increasing requirement of protection against harsh climate, dust, dirt, UV radiation, and acid rain is expected to aid in industry expansion.
Growing number of accident in countries including India and Brazil owing to adverse road conditions in mountainous areas is anticipated to fuel the demand for these products over the upcoming years. Moreover, increasing requirement of maintenance, repair, and refurbishing work of old vehicles is expected to stimulate growth.
Rising consumption of powder coatings in light of its superior properties, such as near zero volatile organic compound emissions and thicker layer compared to conventional coatings, is expected to increase market size. Furthermore, continuous investments by manufacturers along with increasing number of manufacturing facilities in Brazil and China will drive growth over the forecast period.
The industry is highly competitive in nature with major manufacturers involved in continuous R&D activities and product development. Participants including Axalta Coating Systems, BASF, PPG Industries, Nippon Paint, Kansai Paint, and AkzoNobel dominate the industry. Other players include Sherwin-Williams Company, KCC Paint, Bayer AG, Arkema SA, Beckers Group, Cabot Corporation, Berger Paints, Eastman Chemical Company, Valspar Corporation, Clariant AG, Deft, Inc., Jotun A/S, Royal DSM, Lord Corporation, and Solvay S.A.
To Request Sample Copy of this report, click the link:
https://www.grandviewresearch.com/industry-analysis/automotive-coatings-market/request/rs4
Increasing automobile production in emerging countries including China, India, Brazil, Mexico, South Korea, and South Africa on account of population growth and rising income levels is expected to aid in market expansion. Moreover, growing requirement of automotive refinish owing to vehicle maintenance and repair will stimulate the demand for paints & coatings over the upcoming years.
Further key findings from the report suggest:
·         The global automotive coatings industry demand was 5,902.7 kilo tons in 2015 and is expected to grow significantly on account of increasing vehicle production in rapidly emerging countries including China, Japan, India, Mexico, Brazil, South Korea, Brazil, and South Africa
·         Waterborne coatings market demand is anticipated to witness strong growth in light of stringent regulations pertaining to the usage of solvent borne technology. In addition, superior properties, such as corrosion resistance, flexibility, hardness, stain resistance, adhesion, low flammability, and toxicity, are expected to surge product demand over the next nine years.
·         North America contributed to 22.7% of the overall revenue share in 2015 and is estimated to witness growth on account of rising demand for pickup trucks and utility vehicles in the region
·         Central and South America is expected to see substantial revenue rise at a CAGR of 5.4% from 2016 to 2025 owing to increasing small car production in Brazil. Furthermore, large automobile manufacturers including General Motors, Volkswagen, and Hyundai have been shifting their base to the region owing to lower operation costs, which is likely to aid in market expansion.
·         The industry is highly competitive in nature, and manufacturers are involved in continuous product development and R&D activities. Manufacturers including Axalta Coating Systems, PPG Industries, BASF, Nippon Paint, AkzoNobel, and Kansai Paint are some of the key players in the market.
·         In April 2015, Axalta established a new R&D technology center in Shanghai to develop new products for the global commercial vehicle, light vehicle OEM, refinish and industrial customers
Basecoats dominated the overall industry and accounted for 42.9% of the global revenue share in 2015. These coats are expected to witness substantial growth over the upcoming years as they provide desired color and exterior aesthetics to automobiles.
Electrocoating utilizes electrical current for the deposition of an organic coating from a paint bath onto a part or assembled product. Electrocoats are projected to witness considerable growth over the forecast period owing to advantages such as uniform coating, high operation speed, and applicability to a wide range of materials.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-automotive-coatings-market
Metal surfaces were the largest segment and accounted for 69.5% of global revenue share in 2015. Predominant consumption of metals for the production of automobiles is expected to have a positive impact on the market. However, volatility in metal prices along with the growing usage of lightweight materials is projected to restrain the application of glazes on metal surfaces.

Grand View Research has segmented the global automotive coatings market on the basis of product, technology, application, end-use:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
·         Primer
·         Electro coat
·         Basecoat
·         Clear coat
Technology Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
·         Waterborne Coatings
·         Solvent borne Coatings
·         Powder Coatings
·         UV-cured Coatings
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
·         Metal Parts
·         Plastic Parts
End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
·         Light Vehicle OEM
·         Commercial Vehicle OEM
·         Automotive Refinish
Application on plastic parts and surfaces is expected to gain importance owing to lightweight, design flexibility, corrosion resistance, cost reduction, greater durability, and recyclability. Furthermore, increasing usage of carbon fiber and composites in vehicle manufacturing will stimulate industry demand over the forecast period.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



Comments

Post a Comment

Popular posts from this blog

Foot Orthotic Insoles Market 2026: What Will Be Changes In Investment Ratio With Opportunity Analysis?? |Grand View Research, Inc.

Image
The global foot orthotic insoles market size is expected to reach USD 5.5 billion by 2026 , according to a new report by Grand View Research, Inc., exhibiting a 6.3% CAGR during the forecast period. Growing incidence of diabetes and plantar fasciitis are expected to drive the market over the forecast period. Moreover, rapid urbanization and increasing disposable income are anticipated to propel growth in future. Technological advancements, spurred by ongoing investments in R&D, are expected to increase growth potential in the coming years. Moreover, rise in geriatric population, which is susceptible to orthopedic disorders, is impelling product demand globally. For instance, in 2017 as per the U.S. Census Bureau, the number of people aged 65 or older increased by 1.6 million from 2014 to 2015. In addition, increasing incidence of sports injuries and rising prevalence of osteosarcoma in the region has led to the need for various orthotics devices, which is expected to drive ...
Read more

A Look into Smokehouse Industry……Deep Analysis…..

Image
The global smokehouse market size is anticipated to reach USD 157.2 million by 2025 , according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 2.2% during the forecast period. Rising need for a healthy lifestyle has led consumers to prefer griller or barbequed food over fried food and other kinds of fast food. This trend is expected to have a positive impact on the market growth. The home care & decor industry has been witnessing inconsistent growth, since the Covid 19 outbreak. As a result of the ongoing pandemic crisis, there has been a drop in the overall performance of discretionary products such as decorative fixtures, bedding products, to name a few. The virus outbreak has, however, led to substantial growth in categories such as cleaning and hygiene products. Prominent growth in the e-commerce business is also one of the positive influences of the outbreak, wherein companies are focusing on expanding their distribution ...
Read more

A Look into Shapewear Industry……Deep Analysis…..

Image
The global shapewear market size is expected to reach USD 3.80 billion by 2025 registering a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The introduction of various products according to the type of garments is expected to support the market growth in the years to come. Growing target population across the globe is also augmenting the market growth. Changing lifestyle incurs increased investment in fitness and related accessories, which has positively impacted the market growth. The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe,...
Read more