Automotive coatings are used on automobiles for the purpose of protection and decoration. They are used to provide the protection from environment and durability. The waterborne coatings have low VOC level due to which they have low toxicity and flammability. They are used to offer high performance at high temperature and to protect against corrosion.
This report focuses on Automotive Coatings volume and value at global level, regional level and company level. From a global perspective, this report represents overall Automotive Specialty Coatings market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan
Global Automotive Speciality Coatings Market is expected to rise from its initial estimated value of USD 2.97 billion in 2018 to an estimated value of USD 3.85 billion by 2026, registering a CAGR of 3.31% in the forecast period of 2019-2026. Advancement in the coating technology is the major factor for the growth of this market.
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Global Automotive Speciality Coatings Market By Applications (Engine & Exhaust, Interior, Transmission, Wheel Rims), Type (Solvent- Borne, Waterborne, Powder Coatings), Resin Type (Polyurethane, Epoxy, Acrylic), Substrate (Metal, Plastic), Electric & Hybrid Vehicle Type (HEV, PHEV, BEV), Vehicle Type (Passenger Car, LCV, HCV), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026Market Drivers: Automotive Specialty Coatings Market
- Increasing production of the vehicles worldwide is driving the market
- Increasing demand for specialty coating among consumer is driving the market.
Market Restraints: Automotive Specialty Coatings Market
- Increase in the fuel cell electric vehicle and battery electric vehicle is the major factor restraining the growth of this market.
Leading Players Of Automotive Specialty Coating Market Are:
Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation, Carboline Company, Coolshield International Pty., Ltd, Delta T & Protective Products, Excel Enterprise, General Coatings, Jotun, Kansai Nerolac Paints Limited, Lincoln Industries, Mascoat, Mathur Corr Tech Private Limited, Nippon Paint Holdings Co., Ltd., Sharpshell Industrial Solutions.
Target Audience of Automotive Specialty Coatings Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Developments in the Market: Automotive Specialty Coatings Market
- In August 2018, Ferrari introduced their new low temperature system, which makes the Prancing Horse the world’s first manufacturer to adopt low cure clear coats technology. This new paint system reduces the energy cost and enhances sustainability as it has formulated clear coat which makes it possible for the car to bake at 100 degree instead of 150 degrees.
- In January 2019, Nippon Paint announced the launch of their unique car painting and car care centre concept- Nippon Paint X’press in India. This will provide world class body and paint repair and car care services.
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
Key questions answered in the Automotive Specialty Coatings Market report:
- What will the Automotive Specialty Coatings Market Size and the Growth rate be in 2026?
- What are the key market trends impacting the growth of Automotive Specialty Coatings Market?
- Who are the global key manufacturers of Automotive Specialty Coatings industry: Company Introduction, Product Specification and Major Types Analysis, Production Market Performance, Sales Market Performance, Contact Information.
- What are the types and applications of Automotive Specialty Coatings Market? What is the market share of each type and application: production, revenue, price, Market Size (Sales) Market Share by Type.
- What are the upstream raw materials and manufacturing equipment of Automotive Specialty Coatings Market?
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