North America Automotive Paints & Coatings Market to grow at 4.9% CAGR from 2020 to 2026: Graphical Research North American Automotive Paints and Coatings Market size is set to exceed USD 3.1 billion by 2026, according to a latest forecast report by Graphical Research. Rising vehicle production owing to healthy economic conditions along with rapid urbanization are providing potential growth prospects for the industry expansion. Increasing preference for enhancing the aesthetic appearance and exterior textures coupled with the accessibility of numerous paint alternatives will augment the product penetration. In North America, increasing number of buyers are opting for pre-owned or refurbished vehicles, which is presenting promising growth scenarios for the market. The availability of several color alternatives including pastel versions and bright chromatic hues is gaining customer attraction. The major benefits achieved by coatings, such as longer color retention and UV protection are further bringing out more consumers.
Industry players are shifting their focus to develop the latest processing technologies in order to manufacture paints & coatings which are aligned with environmental norms and regulations. Therefore, the paints and coating industry in North America has taken steps to minimize waste & reduce the VOC content and optimize environmental improvements. North America is addressing environmental issues actively over the past years. For instance, the U.S. Environmental Protection Agency’s (EPA) Toxic Release Inventory (TRI) specifies the statistics of toxicity weighted results of the automotive paint and coating industry that has significantly declined by 94% from 1990. Some of the key manufacturers involved in the North America automotive paints and coatings market include 3M, Axalta Coating Systems, BSAF SE, Cabot Corporation, Covestro LLC, Diamond Vogel, DuPont de Nemours, Inc., Eastman chemical company, Kansai Paint Co., Ltd., The Sherwin Williams Company, PPG Industries Inc., and U.S. Paint Corporation. Industry participants are investing in R&D to develop new paint products with ultra-low VOC emission characteristics. Additionally, the enhanced color matching properties are supporting the industry growth in the aftermarket. For instance, in June 2019, PPG launched DELFLEET ONE paints for addressing the increasing refinish requirements from the commercial transportation industry. Browse key industry insights from this 2020 report North America Automotive Paints & Coatings Market in detail along with the table of contents at https://bit.ly/3whMDif
1|Page
https://bit.ly/2PYyIhBhttp://bit.ly/3kDAn6V Segmentation of North America Automotive Paints & Coatings Market:
North America Market, By Coating Type • • • •
Basecoat Primer Clearcoat Electrocoat
North America Market, By Texture Type • • •
Metallic Matte Solid
North America Market, By Technology • • • •
Solvent-borne Powder Waterborne UV Cured
North America Market, By Distribution Channel • •
Aftermarket OEM
North America Market, By Raw Material • • •
Epoxy Acrylic Polyurethane
North America Market, By Vehicle Type • • •
Passenger Cars Light Commercial Vehicles Heavy Commercial Vehicles
The above information is available for the following countries: •
North America • U.S. • Canada
2|Page
About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us:
Parikhit B. Corporate sales, Graphical Research Phone:1-800-986-6917
Email: sales@graphicalresearh.com Web: https://www.graphicalresearch.com/
3|Page