Market Overview

Market Research Future (MRFR) announces the publication of its research report Global Automotive Coatings Market, 2023.

The global automotive coating market is predicted to touch USD 25 billion at a favorable CAGR between 2018-2023, reveals the latest Market Research Future (MRFR) report. Automotive coatings help in decorating and protecting the car’s exterior and interior. Besides, it also helps in identifying a brand or personalizing a vehicle into a unique statement. Weatherability, durability, excellent finish, better clarity, and enhanced gloss, and also resistance to chemicals, impact, and abrasion are some of its fundamental characteristics.

Various factors are propelling the automotive coating market growth. These factors, according to the latest Market Research Future (MRFR) report, include favorable government initiatives, rising inclination to reduce maintenance costs, changing outlook of consumers on the protection of vehicles against environmental susceptibilities, and rising advancements in automotive coatings. Additional factors pushing market growth include increasing disposable income, rising purchasing power parity, demand for different texture and color, supportive policies and sales, increasing vehicle population, demand for passenger cars, and changing climatic conditions.

Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/automotive-coatings-market-1754

Major Players:

Major players profiled in the automotive coatings market report include Bayer AG (Germany), The Sherwin-Williams Company (US), Cabot Corporation (US), Koninklijke DSM NV (Netherlands), Clariant (Switzerland), Berger Paints India Limited (India), Arkema SA (France), The Valspar Corporation (US), PPG Industries, Inc. (US), Nippon Paint Holdings Co., Ltd. (Japan), Jotun (Norway), Akzo Nobel N.V. (Netherlands), Kansai Paint Co., Ltd (Japan), Axalta Coating Systems (US), and BASF SE (Germany).

Market Segmentation

The Market Research Future report provides an all-inclusive segmental analysis of the automotive coating market on the basis of resin type, technology, substrate, and product.

Based on the product, the automotive coating market is segmented into clearcoat, electrocoat, basecoat, primer, and others. Of these, the clearcoat segment will have the largest share in the market over the forecast period. Clearcoat does not convey any color to the car's body yet provides just a transparent coat. This helps in protecting the basecoat against the sun, UV rays, and extreme environmental conditions.

Based on the substrate, the automotive coating market is segmented into composites, plastics, metal, and others.

Based on technology, the automotive coating market is segmented into radiation-curable, powder, solvent-borne, and water-borne. Of these, the water-borne segment will dominate the market over the forecast period owing to the plethora of benefits that it offers, such as greater heat resistance, excellent adhesion, low HAP emissions and VOC, and low flammability and toxicity.

Based on resin type, the automotive coating market is segmented into automotive, epoxy, polyurethane, and others.

Regional Analysis

By region, the automotive coatings market report covers the latest trends and growth opportunities across North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa. Of these, the APAC region will remain the driving force in the market over the forecast period. Factors aiding the growth of the automotive coatings market in the region include rapid industrialization, rising consumer awareness regarding maintenance and protection of cars, increasing purchasing power of people, urbanization, and changing lifestyles. Malaysia, Japan, South Korea, China, and India are the chief contributors in the region.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1754

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: [email protected]