Automotive OEM Coatings Market
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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
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