Automotive OEM Coatings Market
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Transparency <strong>Market</strong> Research<br />
<strong>Automotive</strong> <strong>OEM</strong> <strong>Coatings</strong> <strong>Market</strong> -<br />
Global Industry Analysis, Size, Share,<br />
Growth, Trends, and Forecast 2016 -<br />
2024<br />
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REPORT DESCRIPTION<br />
A new research report by Transparency <strong>Market</strong> Research offers a comprehensive evaluation of the global <strong>Automotive</strong> <strong>OEM</strong> <strong>Coatings</strong><br />
<strong>Market</strong>. The study, titled “<strong>Automotive</strong> <strong>OEM</strong> <strong>Coatings</strong> <strong>Market</strong> - Global Industry Analysis, Size, Share, Growth, Trends, and<br />
Forecast 2016 - 2024”, is available for sale on the firm’s website.<br />
<strong>Coatings</strong> used in automobiles to protect the underlying metal or synthetic body panels from harsh environments are referred to as<br />
automotive coatings. Initially, chromium, lead, and other heavy metals were employed in these coatings. However, with the<br />
introduction of various environmental regulations, the use of toxic chemicals has been prohibited, which has resulted in a switch to<br />
water-based coatings. Growing demand from passenger cars and light commercial vehicles is expected to boost the need for<br />
automotive <strong>OEM</strong> coatings in the near future.<br />
Browse <strong>Market</strong> Research Report @<br />
http://www.transparencymarketresearch.com/automotive-oem-coatings-market.html<br />
Based on application, the automotive <strong>OEM</strong> coatings market has been divided into the following segments: passenger cars, light<br />
commercial vehicles, and heavy commercial vehicles. Passenger cars accounted for a significant share in the global market due to the<br />
surge in vehicles in the tourism industry. This segment offers the maximum potential in the automotive <strong>OEM</strong> coatings market owing<br />
to the rising global demand for passenger cars & general utility vehicles, escalating public transportation expenditure, and increasing<br />
consumer inclination toward efficient & easy transportation, thereby boosting the overall demand for automotive <strong>OEM</strong> coatings in the<br />
passenger cars segment. On the basis of type, the market has been classified into the solvent-borne, waterborne, and powdered<br />
categories. In 2015, solvent-borne coatings constituted a significant share in the global market due to the growing demand for a<br />
smooth surface finish.<br />
Geographically, the global automotive <strong>OEM</strong> coatings market has been distributed over Asia Pacific, North America, Europe, Middle<br />
East & Africa, and Latin America. Asia Pacific was a major market in 2015 and is estimated to expand due to the burgeoning<br />
automotive <strong>OEM</strong> industry. The water-borne sector is anticipated to register a high growth rate over the forecast period due to stringent<br />
regulations on VOC emissions.<br />
Developments in the automobile sector are also likely to fuel the need for automotive <strong>OEM</strong> coatings in Asia Pacific in 2015. Their use<br />
in light commercial vehicles has witnessed a major rise on account of the constantly rising per capita disposable incomes and the<br />
subsequent demand for commercial utility vehicles. China and the U.S. are predicted to hold major shares in the automotive <strong>OEM</strong><br />
coatings market in Asia Pacific and North America respectively. The market is predicted to witness a shift from developed countries to<br />
the developing economies of Asia due to the fewer stringent environmental regulations in the latter. The automotive <strong>OEM</strong> coatings
market in China and India is projected to register a high growth rate due to advancements in end-use sectors, technological<br />
developments, and new innovative products launched in these countries, thereby creating a huge demand for the product in Asia<br />
Pacific over the forecast period.<br />
The global demand for automotive <strong>OEM</strong> coatings is poised to rise significantly in the near future, offering immense growth<br />
opportunities for the market. The rapid surge in the product’s end-use applications, competitive manufacturing costs, and high<br />
economic growth rates are propelling the automotive <strong>OEM</strong> coatings market in Asia Pacific. These factors are attracting companies to<br />
adopt expansion and R&D strategies in the region to meet the global demand. <strong>Market</strong> players are focusing on Asia Pacific to gain<br />
substantial market shares. Several producers are shifting their plants to China and India due to the high demand and low raw material<br />
and labor costs in these countries. Developments in various end-use sectors in the region have fuelled the requirement for the product<br />
during the forecast period.<br />
Get accurate market forecast and analysis on the <strong>Automotive</strong> <strong>OEM</strong> <strong>Coatings</strong> market. Request a sample to stay abreast on the<br />
key trends impacting this market@<br />
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Key players operating in the global automotive <strong>OEM</strong> coatings market include Beckers Group, Cabot Corporation, Berger Paints,<br />
Eastman Chemical Company, Valspar Corporation, Clariant AG, Deft, Inc., Jotun A/S, Royal DSM, Lord Corporation, and Solvay<br />
S.A.<br />
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable<br />
projections about market size. The projections featured in the report have been derived using proven research methodologies and<br />
assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market,<br />
including but not limited to: Regional markets, technology, types, and applications.<br />
The study is a source of reliable data on:<br />
• <strong>Market</strong> segments and sub-segments<br />
• <strong>Market</strong> trends and dynamics<br />
• Supply and demand<br />
• <strong>Market</strong> size<br />
• Current trends/opportunities/challenges<br />
• Competitive landscape<br />
• Technological breakthroughs<br />
• Value chain and stakeholder analysis
The regional analysis covers:<br />
• North America (U.S. and Canada)<br />
• Latin America (Mexico, Brazil, Peru, Chile, and others)<br />
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)<br />
• Eastern Europe (Poland and Russia)<br />
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)<br />
• Middle East and Africa (GCC, Southern Africa, and North Africa)<br />
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