Browse 70 market data tables and 72 figures spread through 165 pages and in-depth TOC on “Automotive Paints Market"
Early buyers will receive 10% customization on this report.
Automotive Paints: The market size, in terms of value, is projected to grow at a promising CAGR of 5.15% to reach $11,340.7 Million by 2020
Asia-Oceania: High Volume Market
The Asia-Oceania region includes developing countries such as China, India, Japan, and South Korea with the majority of the global vehicle production concentrated in this region. Customers demand environment-friendly paints and reduced emissions in the wake of rising pollution levels; this acts as a driver for automotive paints in this region. Technologies such as the waterborne coatings are being adopted slowly in cost-sensitive countries, such as India owing to the health concerns tackled by these paints. However, waterborne paints have been adopted to a large extent in technologically advanced countries such as Japan and South Korea. Manufacturers such as Kansai Paint Co. Ltd. (Japan) and Nippon Paint Holdings Co. Ltd. (Japan) are some of the dominant players in this region that are anticipated to drive the development in the automotive paints market.
Waterborne and Powder Coatings: Adoption Rapidly Increasing in Developed Regions
The penetration of waterborne and powder coatings is estimated to be higher in North America and Europe. Both Europe and North America are projected to witness high growth for waterborne coatings and powder coatings due to the concerns regarding the environmental hazards caused by solvent-borne coatings, which environmental agencies and governmental institutions issuing regulations and guidelines to minimize the use of automotive coatings that have high VOCs content. The market is further estimated to increase with the rising production levels after the economic downturn of 2008. Key automotive paints suppliers in Europe and North America are PPG Industries (U.S.), Axalta Coating Systems LLC (U.S.), and BASF SE (Germany).
You can speak to research expert to know more about this report@ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=1246
Reducing the Number of Coats
Tier-I suppliers and OEMs are working towards paints with lesser number of coats as compared to the conventional four coats. For instance, BASF introduced its “integrated coating” technology to the market, which reduces the primer surface layer as the functionality of two coats is integrated in one functional layer. These developments have enabled to reduce costs, paint cycles, and losses related to automotive paints.
The report covers the automotive paints market in terms of volume and value. The market size in terms of volume, from 2013 to 2020, is provided in terms of million gallons, whereas the value of the market is provided in terms of $million. The automotive paints market is broadly classified into technology, coat type, texture types, and paint contents focusing on key region-wise markets of the world. Comprehensive data has been provided by classifying market by vehicle type into passenger cars, light commercial vehicles, and heavy commercial vehicles.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
1 South Dearborn Street,
21st Floor , Chicago,
Tel: + 1-888-600-6441