The market analysis furnishes insights into the drivers and restraints affecting the Automotive Coatings Market, employing SWOT analysis to delineate their impact on demand throughout the forecast period. Drawing inspiration from the marketing strategies of competitors, businesses can formulate innovative ideas and ambitious sales targets, thereby gaining a competitive edge. This professional and in-depth study on the current market state is designed to provide granular information, empowering clients to make efficient business decisions. Therefore, the Automotive Coatings Market report aims to offer clients the necessary detailed information to facilitate informed decision-making.
Automotive coatings are water-resistant dry coatings applied to various parts of a vehicle for functional, decorative, and protective purposes. Such coatings possess important properties such as good elastomeric finish and greater surface hardness. They serve different purposes for different substrates such as plastics, composites, and metal.
Data Bridge Market Research analyses that the automotive coatings market was valued at USD 16.24 billion in 2021 and will reach USD 28.26 billion by the year 2029, at a CAGR of 7.17% during the forecast period of 2022 to 2029.
Top Industry Players:
Some of the major players operating in the automotive coatings market are BASF SE (Germany), Axalta Coating Systems (U.S.), PPG Industries, Inc. (U.S.), Kansai Paint Co., Ltd (Japan), Nippon Paint Holdings Co., Ltd. (Japan), The Valspar Corporation (U.S.), KCC Corporation (South Korea), Sherwin-Williams (U.S.), AkzoNobel (Netherlands), and Jotun A/S (Norway) among others.
View detailed Report : https://www.databridgemarketresearch.com/reports/global-automotive-coatings-market
Market Segmentation:
The automotive coatings market is segmented on the basis of technology type, product type, application, end-use and resin. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology type
- Water-borne
- Solvent-borne
- Powder coating
- UV-cured
- Others
On the basis of technology type, automotive coatings market is segmented into water-borne, solvent-borne, powder coating, UV-cured and others.
Product type
- Electrocoat
- Primer
- Learcoat
- Basecoat
Based on product type, automotive coatings market is segmented into electrocoat, primer, clearcoat and basecoat.
Application
- Plastic
- Metal
Based on application, automotive coatings market is segmented into plastic and metal.
End-User
- Commercial OEM
- Automotive refinish
- Light vehicle OEM
On the basis of end-use, automotive coatings market is segmented into commercial OEM, automotive refinish and light vehicle OEM.
Resin
- Epoxy
- Polyurethane
- Acrylic
- Others
On the basis of resin, automotive coatings market is segmented into epoxy, polyurethane, acrylic and others.
The Automotive Coatings Market survey report encapsulates the fluctuations in CAGR values, indicating rises or falls within the specified forecast period. The data utilized for crafting this business report is derived from data collection modules featuring large sample sizes. This market report’s crucial highlights encompass key market dynamics, the present market scenario, and the sector’s future prospects. Furthermore, the report meticulously identifies and analyses rising product trends, major drivers, challenges, and opportunities in the market. Through the application of well-established tools and techniques, the Automotive Coatings Market report adeptly transforms complex market insights into a more accessible and comprehensible version.
Strategic Points from Table of Content:
Chapter 1: Global Automotive Coatings Market Overview
Chapter 2: Economic Impact on Industry
Chapter 3: Market Competition by Manufacturers
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Research Conclusions of Global Automotive Coatings Market
Grab Detailed TOC Report: https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-coatings-market
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