Automotive Coatings Market Anticipated for Progressive CAGR Growth during 2017-2022

Automotive​ ​Coatings​ ​Market
Anticipated​ ​for​ ​Progressive​ ​CAGR
Growth​ ​during​ ​2017-2022
A research study titled, “​Automotive Coatings Market by Product, Technology, Application
and End User - Global Industry Analysis and Forecast to 2022” published by Crystal
Market Research, states that theAutomotive Coatings Market Is Projected To Be Around
$31.39​ ​Billion​ ​By​ ​2022.
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. An
automotive coating is paint utilized on vehicles for both security and beautification
purposes. Enamel paint is at present the most generally utilized paint for reasons
including lessening paint's ecological effect. Modern automobile coating is put in a few
layers, with an aggregate thickness of around 100 µm (0.1mm). Coating application
requires arrangement and preliminary strides to guarantee legitimate application. A
basecoat is connected after the groundwork paint is connected. Following this, a clearcoat
of paint might be connected that structures a transparent and polished covering. The
clearcoat layer must have the capacity to withstand UV light. Powder coatings are a
solvent free process for layering surfaces and do not emit volatile organic compounds
(VOC).
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The global automotive coatings market is expected to encounter significant development
due to growing manufacturing of vehicles. The market is anticipated to witness major
development as these items enhance the stability and appearance of autos and protect
them from harsh natural conditions including outrageous temperature, foreign particles
acid rain, and UV radiation. Increasing manufacturing of automobile in emerging nations
including South Africa, China, Brazil, India, Mexico and South Korea because of surging
population and rising levels of income is foreseen to supplement the market development.
Furthermore, rising requirement of automotive resurface due to vehicle maintenance and
repair will fortify the demand for paints and coatings over the upcoming years. The key
boosting​ ​factor​ ​for​ ​this​ ​market​ ​is​ ​increasing​ ​demand​ ​for​ ​powder​ ​coatings.
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On the basis of product the Automotive Coatings market is segmented into clearcoat,
primer, basecoat and electrocoat. On the basis of technology the market is segmented
into Powder Coating, Waterborne Coatings, UV-cured Coatings and Solventborne Coatings.
On the basis of application the market is segmented into metal parts and plastic parts. On
the basis of end user the market is segmented into Commercial Vehicle OEM, Light Vehicle
OEM and Automotive Refinish. The major players in the market are Wilh Becker Holding
Gmbh, Kansai Paint, Lord Corporation, BASF, Berger Paints, Cabot Corporation, DSM,
Williams Company, Bayer Cropscience Limited and Valspar Corporation. Geographically,
the​ ​market​ ​is​ ​segmented​ ​into​ ​Asia​ ​Pacific,​ ​North​ ​America,​ ​Europe​ ​and​ ​Rest​ ​of​ ​the​ ​world.
Key​ ​findings​ ​of​ ​the​ ​Automotive​ ​Coatings​ ​market
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Waterborne coatings market requirement is expected to witness solid development
in light of stringent controls relating to the utilization of solvent borne innovation.
Furthermore, outstanding properties, for example, stain resistance, corrosion
resistance, adhesion, flexibility, low flammability, and toxicity and hardness are
relied​ ​upon​ ​to​ ​surge​ ​item​ ​requirement​ ​throughout​ ​the​ ​following​ ​years.
In 2015 North America added to 22.7 percent of the general income share and is
assessed to witness development because of rising requirement for utility vehicles
and​ ​pickup​ ​trucks​ ​in​ ​the​ ​area.
Central and South America is anticipated to see significant income development
inferable from expanding little auto creation in Brazil. Besides, major automobile
producers including Hyundai, General Motors and Volkswagen have been moving
their base to the district inferable from less operation costs, which are anticipated
to​ ​boost​ ​in​ ​market​ ​development.
Axalta established a new R&D technology center in Shanghai In April 2015 with the
aim to create new items for the global light vehicle OEM, commercial vehicle,
refinish​ ​and​ ​industrial​ ​consumers.
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Key​ ​Market​ ​Players:
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Wilh​ ​Becker​ ​Holding​ ​Gmbh
​ ​Kansai​ ​Paint
​ ​Lord​ ​Corporation
​ ​BASF
​ ​Berger​ ​Paints
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​ ​Cabot​ ​Corporation
​ ​DSM
​ ​Williams​ ​Company
​ ​Bayer​ ​Cropscience​ ​Limited
​ ​Valspar​ ​Corporation.
Table​ ​of​ ​content:
1.​ ​ ​ ​ ​ ​ ​Introduction
1.1.​ ​ ​ ​ ​ ​ ​Report​ ​Description
1.2.​ ​ ​ ​ ​ ​ ​Research​ ​Methodology
2.​ ​ ​ ​ ​ ​ ​Executive​ ​Summary
2.1.​ ​ ​ ​ ​ ​ ​Key​ ​Highlights
3.​ ​ ​ ​ ​ ​ ​Market​ ​Overview
3.1.​ ​ ​ ​ ​ ​ ​Introduction
3.2.1.​ ​Drivers
3.2.2.​ ​Restraints
3.2.3.​ ​Opportunities
4.​ ​ ​ ​ ​ ​ ​Automotive​ ​Coatings​ ​Market,​ ​By​ ​Product
4.1.​ ​ ​ ​ ​ ​ ​Introduction
4.2.​ ​ ​ ​ ​ ​ ​Automotive​ ​Coatings​ ​Market​ ​Assessment​ ​and​ ​Forecast,​ ​By​ ​Product,​ ​2012-2022
4.3.​ ​ ​ ​ ​ ​ ​Basecoat
4.4.​ ​ ​ ​ ​ ​ ​Clearcoat
4.5.​ ​ ​ ​ ​ ​ ​Primer
5.​ ​ ​ ​ ​ ​ ​Automotive​ ​Coatings​ ​Market,​ ​By​ ​Technology
5.1.​ ​ ​ ​ ​ ​ ​Introduction
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5.2.​ ​ ​ ​ ​ ​ ​Automotive​ ​Coatings​ ​Market​ ​Assessment​ ​and​ ​Forecast,​ ​By​ ​Technology,​ ​2012-2022
5.3.​ ​ ​ ​ ​ ​ ​Waterborne​ ​Coatings
5.4.​ ​ ​ ​ ​ ​ ​Solventborne​ ​Coatings
5.5.​ ​ ​ ​ ​ ​ ​UV-cured​ ​Coatings
6.​ ​ ​ ​ ​ ​ ​Automotive​ ​Coatings​ ​Market,​ ​By​ ​Application
7.​ ​ ​ ​ ​ ​ ​Automotive​ ​Coatings​ ​Market,​ ​By​ ​End​ ​User
8.​ ​ ​ ​ ​ ​ ​Automotive​ ​Coatings​ ​Market,​ ​By​ ​Region
9.​ ​ ​ ​ ​ ​ ​Company​ ​Profiles
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About​ ​Crystal​ ​Market​ ​Research:
Crystal Market Research is a U.S. based market research and business intelligence
company. Crystal offers one stop solution for market research, business intelligence, and
consulting services to help clients make more informed decisions. It provides both
syndicated as well as customized research studies for its customers spread across the
globe. The company offers market intelligence reports across a broad range of industries
including​ ​healthcare,​ ​chemicals​ ​&​ ​materials,​ ​technology,​ ​automotive,​ ​and​ ​energy.
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