The global Automotive Coatings Market was worth USD 15.62 billion in the year of 2012 and is expected to reach approximately USD 31.39 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 6.48% during the forecast period. The global automotive coatings market is anticipated to encounter significant growth due to increasing production of vehicles

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Market outlook:
The market is anticipated to encounter huge development as these items improve the strength and appearance of autos and shield them from cruel natural conditions including acid rain, outrageous temperature, UV radiation, and foreign particles. Expanding production of automobile in developing nations including Brazil, China, South Africa, India, South Korea, and Mexico because of populace development and rising levels of income is anticipated to help in market development. In addition, developing demand of automotive resurface attributable to vehicle repair and maintenance will fortify the requirement for paints and coatings over the following years.

Key Market Players:
BASF
Kansai Paint
Sherwin-Williams Company
Valspar Corporation
Lord Corporation
Wilh Becker Holding Gmbh
Berger Paints
Bayer Cropscience Limited
Cabot Corporation
Clariant
Solvay S.A
DSM.

The biggest end-use segment of this market was the Light vehicle OEM and was esteemed at USD 9.4 billion of every 2015 and is anticipated to predict noteworthy development by virtue of developing interest for passenger cars in developing nations including Singapore, India, China, Brazil and Thailand. Also, populace development, fast urbanization and expanding per capita salary will help in market development. Automotive refinish market is expected to encounter swift growth due to increasing requirement for used vehicles. Additionally, growing number of accidents in Central & South America and Asia Pacific is anticipated to boost the growth of the industry.

Regional Outlook and Trend Analysis
In 2015, Asia Pacific was the biggest market with a volume share of 56.5 percent and the pattern is relied upon to proceed because of expanding manufacturing of vehicle in the area. The automotive division of Asia Pacific is driven by rising deals and manufacturing base in nations including Thailand, Japan, South Korea, India and China. China is relied upon to anticipate solid development inferable from its extensive vehicle manufacturing base. China was the biggest maker of automobiles and is probably going to remain the main producer by virtue of economic labor in the nation.

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The global Automotive Coatings Market is segmented as follows:

By Product:
Basecoat
Clearcoat
Primer
Electrocoat

By Technology:
Waterborne Coatings
Solventborne Coatings
UV-cured Coatings
Powder Coatings

By Application:
Plastic Parts
Metal parts

By End User:
Light Vehicle OEM
Commercial Vehicle OEM
Automotive Refinish

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