Automotive Coatings Market Overview:
The global automotive coatings market is looking forward to robust growth and is projected to attain nearly USD 25 Billion by the end of 2023, unveils Market Research Future (MRFR) in a detailed research report. The move towards the development of light-weight vehicles and low-temperature curing are driving the global automotive coatings market. Various factors have supported the growth of the global automotive coatings market.
The rise in the number of global car sales purveyed by rising disposable income, especially in the developing countries is a primary factor contributing towards market growth. Low cost of financing and cheaper fuel price has also increased the degree of vehicle ownership in emerging markets. The trend of replacement of old cars posts the global recession has resulted in the purchase of new cars which too has acted as a bonus for the market growth.
Free Sample Report Details @ https://www.marketresearchfuture.com/sample_request/1754
Automotive Coatings Market Key Players:
Automotive Coating Market are:
- BASF SE (Germany)
- Axalta Coating Systems (U.S.)
- Kansai Paint Co. Ltd. (Japan)
- Akzo Nobel N.V. (Netherlands)
- Jotun (Norway)
- Nippon Paint Holdings Co. Ltd. (Japan)
- PPG Industries Inc. (U.S.)
- The Valspar Corporation (U.S.)
- Arkema SA (France)
- Berger Paints India Limited (India)
- Clariant (Switzerland)
- Koninklijke DSM N.V. (Netherlands)
- Cabot Corporation (U.S.)
- The Sherwin-Williams Company (U.S.)
- Bayer AG (Germany)
Automotive Coatings Market Regional Analysis:
Automotive coatings market has been studied with respect to five regions – North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is the largest market because of the rapid industrialization in the region during recent years. India, China, South Korea, Japan, and Malaysia are the major contributors to the growth of this regional market. The factors driving market growth in the region are growing urbanization, changing lifestyles, increasing purchasing power of people, and rising consumer awareness in favour of the protection and maintenance of vehicles.
North America is the second-largest global automotive coatings market. The U.S is the largest market in this region due to the growing demand for passenger cars in the country. Europe is another important region in the global automotive coatings market. The U.K., France, Germany, Italy, and Belgium are the major contributors to this regional market.
Automotive coatings are dominated by Asia Pacific region owing to rising production of vehicle along with increasing consumer preference for domestic transport. Changing trend of lightweight components in vehicle parts to improve fuel efficiency in various regions is expected to complement demand growth. China witnessed strong growth owing to large production base and economic labour. Moreover, countries like Japan, India and South Korea are leading countries in automotive industries and manufacturer are relocating base owing to lenient government regulations and easy availability of resources.
Automotive Coatings Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Automotive Coatings Market
Automotive Coatings Market Table of Content to be Continue……,
Automotive Coatings Market List of Table:
Table 1 World Population in Major Regions (2016–2030)
Table 2 Global Automotive Coatings Market, By Region, 2016–2023
Table 3 North America: Automotive Coatings Market, By Country, 2016–2023
Table 4 Europe: Automotive Coatings Market, By Country, 2016–2023
Table 5 Asia-Pacific: Automotive Coatings Market, By Country, 2016–2023
Automotive Coatings Market List of Table to be Continue……,
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.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/automotive-coatings-market-1754