Automotive Coatings Market – Snapshot

Automotive coatings are applied on the surface of automotive or vehicles to improve their durability and resistance to high temperature, dust, foreign particles, corrosion, and rusting. These coatings are applied by Original Equipment Manufacturers (OEMs) during the manufacture of vehicles. Automotive coatings are applied in the following order over substrates: E-coat or electro-coat, primer, base coat, and clear coat. Growth in economy, improvement in purchasing power parity, and rise in population are positively impacting the automotive sales in Asia Pacific. This, in turn, is driving the automotive coatings market in the region.

Request A Sample @: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3568

Based on product type, the global automotive coatings market has been segmented into polyurethane, epoxy, acrylic and others. Polyurethane is the widely used product type of automotive coatings. Polyurethane coatings provide resistance against corrosion and abrasion. They are extensively used in automotive clear coats and can be applied as water-borne and solvent-borne formulations. The polyurethane segment is estimated to dominate the automotive coatings market during the forecast period. Epoxy is another key segment of the global automotive coatings market. Acrylic automotive coatings are water-based and contain lower amounts of volatile organic compounds (VOCs). The segment is estimated to expand at a rapid pace during the forecast period.

In terms of technology, the global automotive coatings market can be divided into solvent-borne, water-borne, powder, and UV-cured. The solvent-borne segment accounts for major share of the market. However, demand for solvent-borne coatings is gradually decreasing, as they contain volatile organic compounds (VOCs). The water-borne segment is projected to expand at a rapid pace owing to its low VOC content and environment friendly nature. Powder and UV-cured segments are also anticipated to expand at rapid pace during the forecast period due to their excellent chemical resistance and high speed of curing.

Request Brochure @: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3568

In terms of coat, the global automotive coatings market can be classified into e-coat, primer, basecoat, and clear coat. These coats are applied in the same order on automotive surfaces. Clear coat is likely to dominate the market during the forecast period. However, the basecoat segment is estimated to lead in terms of demand.

The study includes profiles of major companies operating in the global automotive coatings market. The global market for automotive coatings is dominated by large players. Key players operating in the market are BASF SE, Axalta Coatings, PPG Industries, Valspar Corporation, The Sherwin-Williams Company, Akzo Nobel NV, Nippon Paint Holdings, KCC Corporation, and Jotun. Market players have been profiled in terms of company overview, business strategies, and recent developments.

The report provides the estimated market size (in terms of value and volume) of the global automotive coatings market for the base year 2017 and forecast from 2018 to 2026. Market numbers have been estimated based on product type, technology, coat, application, and region. The market size and forecast for each product type, technology, coat, and application segment has been provided for the global and regional markets.

Request For Custom Research @: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=3568

Global Automotive Coatings Market, by Product Type

• Polyurethane
• Epoxy
• Acrylic
• Others (including Melamine, Saturated Polyester Resin, and Alkyds)

 Global Automotive Coatings Market, by Technology

• Solvent-borne
• Water-borne
• Powder
• UV-cured

Global Automotive Coatings Market, by Coat

• Clear Coat
• Basecoat
• Primer
• E-coat

Global Automotive Coatings Market, by Application

• Automotive OEM
• Automotive Refinish

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com