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Automotive coatings are used to coat automobile surfaces with advanced technologies capable of producing durable surfaces, high-quality appearance while maximizing efficiency and meeting environmental regulations. According to Researcher, the global automotive coatings market is likely to witness a considerable growth rate during the forecast period. The major factors responsible for the global automotive market's growth are the growing number of electrical vehicles (EVs) due to increasing environmental concerns in various countries. The market is also driven by the rising adaptation of luxury vehicles owing to improving living standards demand. However, the regulations in using harmful chemicals may restrain the market's growth in the forecast period.
Asia-Pacific region was found to be the largest market for global automotive coatings since the majority of automotive production takes place in the region. Major countries in terms of automotive coatings in the region include China, India, and Japan among others. It is anticipated that the Asia-Pacific region would witness the highest market growth during the forecast period.
The global automotive coatings market is fragmented.
In June 2020, BASF announced to sign a cooperation agreement with Guangzhou Automobile Group New Energy Co. Ltd. (GACNE), a subsidiary of GAC, to strengthen their strategic partnership further to explore digital coatings solutions for the automotive industry.
Global Automotive Coatings Marketreport provides deep insight into the current and future state of the Automotive Coatings market across various regions. The study comprehensively analyzes the automotive coatings market by segmenting based on by Resin Type (Polyurethane, Epoxy, Acrylic, and Other Resin Types), Technology (Solvent-Borne, Water-Borne, and Powder), Application (OEM and Refinish), and Geography (Asia-Pacific, North America, South America, Europe, and Middle East & Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
Asia-Pacific region was found to be the largest market for global automotive coatings since the majority of automotive production takes place in the region. Major countries in terms of automotive coatings in the region include China, India, and Japan among others. It is anticipated that the Asia-Pacific region would witness the highest market growth during the forecast period.
The global automotive coatings market is fragmented.
Major players
in the market were found to be Axalta Coatings Systems LLC, BASF SE, PPG Industries, and Akzo Nobel NV, among others.In June 2020, BASF announced to sign a cooperation agreement with Guangzhou Automobile Group New Energy Co. Ltd. (GACNE), a subsidiary of GAC, to strengthen their strategic partnership further to explore digital coatings solutions for the automotive industry.
Global Automotive Coatings Marketreport provides deep insight into the current and future state of the Automotive Coatings market across various regions. The study comprehensively analyzes the automotive coatings market by segmenting based on by Resin Type (Polyurethane, Epoxy, Acrylic, and Other Resin Types), Technology (Solvent-Borne, Water-Borne, and Powder), Application (OEM and Refinish), and Geography (Asia-Pacific, North America, South America, Europe, and Middle East & Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
