Global Automotive Coating Market, 2013-2023
Automotive coating is paint used on automobiles for colour coating, protection and appearance purposes. Most of the automobiles are metal based. To protects the metal from corrosion and rusting, coating is used. There are various technology used for coating included water-borne, solvent-borne and powder coating. Water borne brings with its low toxicity, low HAP emissions, and low VOC levels. These coating helps to reduce the air emission. There are various resin types coating are used in automotive coating such as epoxy, polyurethane and acrylic. Automotive coating categories into primer , base coats, and clear coats.
The global automotive coating market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global automotive coating market is growing at a fast pace and increasing its geographical footprint rapidly. The global automotive coating market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.
The growth is comparatively higher in Asia Pacific region due to expansion in automotive industry and increasing demand of automobile. The appearance and protection of the automobile structure growing the demand of automotive coating.
Automotive coating has remarkable usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and Latin America. These regions serve large number of manufacturers and are hence responsible for the growth of automotive coating market globally. The leading suppliers and manufacturers global automotive coating market are Nippon, BASF SE, PPG Industries, Inc., Kansai Paint Co., Ltd., Axalta Coating Systems, The Valspar Corporation, Jotun A/S, Sherwin-Williams, and AkzoNobel
The research process includes the market segmentation of the global automotive coatings market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the automotive coatings industry experts. Market Krystal held more than 40 interviews for this study, details of which are mentioned:
By company type: Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)
By geography: North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)
By designation: Top level (40%), Operation level (20%), Mid-level (40%)