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Automotive Coatings Market Segments and Key Trends 2016-2026

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.

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.



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 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.

To Know More About Automotive Coatings Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/automotive-coatings-market

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.

Top players of Automotive Coatings Market:

Manufacturers including Axalta Coating Systems, PPG Industries, BASF, Nippon Paint, AkzoNobel, and Kansai Paint are some of the key players in the market.

Market Segmentation of Automotive Coatings Market:

The Global Automotive Coatings Market segmented on the basis of Product, Technology, Application and End-Use.

By Product:

    Primer
    Electro coat
    Basecoat
    Clear coat

By Technology:

    Waterborne Coatings
    Solvent borne Coatings
    Powder Coatings
    UV-cured Coatings

By Application:

    Metal Parts
    Plastic Parts

By End-Use:

    Light Vehicle OEM
    Commercial Vehicle OEM
    Automotive Refinish

Inquire about Automotive Coatings Market with Our Experts @ https://www.grandviewresearch.com/inquiry/930
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