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Automotive Coatings Market Size And Forecast To 2025

Western Market Research has promoted its recent exclusive report on “Automotive Coatings Market Size And Forecast To 2025” which is based on comprehensive research and supported by robust, carefully validated data, this 148 pages report will serve as a complete guide for organizations and governments across the globe aspiring to make a strategic move in strengthening their presence in the sector. It will also serve as a very insightful tool for those organizations seeking to deepen their knowledge in the sector.

The global Automotive Coatings market was valued at USD 11.69 billion in 2016 and is projected to reach USD 21.13 billion by 2025, growing at a CAGR of 6.8% from 2017 to 2025.

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Automotive coatings demand is directly proportional to the automotive sales. The growing sales in developing countries is providing industry participants new areas to expand. The demand is expected to be high in developing countries. The increase in car customization is expected to have a positive impact on market demand.

Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Rise in automotive manufacturing in Asia Pacific
1.2 Development of eco-friendly and low VOC coatings
2. Market Restraints
2.1 Stringent environment regulations
2.2 Changes in consumer demand

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Market Segmentation:
The global Automotive Coatingsmarketis segmented on the basis ofresin type, technology, coat type,and region.
1. By Resin Type:
1.1 Acrylic
1.2 Epoxy
1.3 Polyurethane
1.4 Others

2. By Technology:
2.1 Water borne
2.2 Solvent borne
2.3 Powder Coating & Others
2.4 Other

3. By Coat Type:
3.1 Basecoat
3.2 Clearcoat
3.3 Primer
3.4 E-coat

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

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Competitive Landscape:
The major players in the market are as follows:
1. Jotun Paints
2. Axalta Coating System
3. BASF SE
4. The Valspar Corporation
5. Akzonobel NV
6. KCC Corporation
7. Kansai Paint Co.
8. The Sherwin Williams Company
9. PPG Industries Inc.
10. Nippon Paint Holdings Co. Ltd.

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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