Automotive Coating Market by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent-Borne, Water-Borne, Powder Coating), Coat Type (Clearcoat, Basecoat, Primer, E-Coat) - Global Forecast to 2021 By MarketsandMarkets
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Automotive Coating Market: Global Forecasts to 2021 “Consumer preference for different color, sales supportive policies ,and rising purchasing power in emerging economies to drive the automotive coating market” The global automotive coating market size is estimated to reach USD 16.24 billion by 2021, registering a CAGR of 7.02% between 2016 and 2021. Demand for different color & texture, enhancement of sales supportive policies, and increasing purchasing power parity (PPP) in emerging economies is driving the automotive coating market. “Basecoat is the fastest-growing segment in the automotive coating market” Basecoat is the third layer applied to a car’s body after e-coat and primer layer. Basecoat is the fastest-growing segment among all the coat type considered. The growth is high as new and innovative technologies are being developed by automotive coating manufacturers. For instance, in new integrated system, the primer layer is omitted and is replace with two layers of basecoat. One layer of basecoat absorbs UV radiation and other is advanced basecoat.
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Automotive Coating Market: Global Forecasts to 2021 “Rising demand from end users in Asia-Pacific is the key driver of the global automotive coating market“ Asia-Pacific is the fastest-growing market for automotive coating, in terms of both value and volume. High economic growth rate, growing purchasing power, developing infrastructure, increasing demand from end-use industries, and global shift in production capacity from developed markets to emerging markets are the major factors leading to the growth of the automotive coating market in this region. In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted. The breakdown of primary interviews is given below. By Company Type - Tier 1 –40%, Tier 2 – 35%, and Tier 3–25% By Designation - C level –55%, D level – 25%, and Others –20% By Region - North America –35%, Europe – 25%, Asia-Pacific – 15%, South America– 10%, and the Middle East & Africa – 10%
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Automotive Coating Market: Global Forecasts to 2021 The key companies profiled in this market research report are BASF SE (Germany), Axalta Coating Systems (U.S.), PPG Industries, Inc. (U.S.), Kansai Paint Co., Ltd (Japan), Nippon Paint Holdings Co., Ltd. (Japan), The Valspar Corporation (U.S.), KCC Corporation (South Korea), Sherwin-Williams (U.S.), AkzoNobel (Netherlands), and Jotun A/S (Norway). Complete report on Automotive Coating Market spread across 149 pages, profiling 10 companies and supported with 101 tables and 50 figures is now available at http://www.rnrmarketresearch.com/automotive-coating-market-by-resin-typepolyurethane-epoxy-acrylic-technology-solvent-borne-water-borne-powder-coating-coattype-clearcoat-basecoat-primer-e-coat-global-forecast-to-2021-market-report.html
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Automotive Coating Market: Global Forecasts to 2021 Table of Contents: 1 Introduction 2 Research Methodology 3 Executive Summary
7 Automotive Coating Market, By Resin Type* 8 Automotive Coating Market, By Technology* 9 Automotive Coating Market, By Coat Type*
4 Premium Insights 5 Market Overview 6 Industry Trends
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Automotive Coating Market: Global Forecasts to 2021 For more details contact Mr. Ritesh Tiwari: sales@rnrmarketresearch.com / +18883915441
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