Automotive Coatings Market is expected to be USD 31.39 billion by 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 the Automotive Coatings Market Is Projected To Be Around $31.39 Billion By 2022.

Major Eminent Players:The major players in the Automotive Coatings Market are Wilh Becker Holding Gmbh, Kansai Paint, Lord Corporation, BASF, Berger Paints, Cabot Corporation, DSM, Williams Company, Bayer Cropscience Limited and Valspar Corporation.

The Global Automotive Coatings Market is segmented as follows:

By Product:Basecoat
Clearcoat
Primer
Electrocoat

By Technology:Waterborne Coatings
Solventborne Coatings
UV-cured Coatings
Powder Coatings

By Application:Plastic Parts
Metal parts

By End User:Light Vehicle OEM
Commercial Vehicle OEM
Automotive Refinish

Market Overview:
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. 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).

Industry Outlook and Trend Analysis:The Global Automotive Coatings Market is expected to encounter significant development due to growing manufacturing of vehicles. 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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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Automotive Coatings Market, By Product4.1.Introduction
4.2.Automotive Coatings Market Assessment and Forecast, By Product, 2012-2022
4.3.Basecoat
4.4.Clearcoat
4.5.Primer
4.6.Electrocoat
5.Automotive Coatings Market, By Technology5.1.Introduction
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
5.6.Powder Coatings
6.Automotive Coatings Market, By Application
6.1.Introduction
6.2.Automotive Coatings Market Assessment and Forecast, By Application, 2012-2022 ($Million)
6.3.Plastic Parts
6.4.Metal parts
To be continued...

Regional Outlook and Trend Analysis:In 2015, Asia Pacific was the biggest market with a volume share of 56.5 percent and the pattern is relied upon to proceed because of expanding manufacturing of vehicle in the area. The automotive division of Asia Pacific is driven by rising deals and manufacturing base in nations including Thailand, Japan, South Korea, India and China. China was the biggest maker of automobiles and is probably going to remain the main producer by virtue of economic labor in the nation. In addition, the migration of production bases by organizations, for example, Audi, Volkswagen, Honda, Toyota, Hyundai, Nissan, Fiat, and Skoda to China attributable to the accessibility of reasonable workforce is foreseen to drive the market development. Europe is anticipated to encounter substantial growth due to increasing production of vehicle in countries like France, Germany, Czech Republic, Italy, United Kingdom and Sweden. Moreover, rising population combined with increasing level of income is anticipated to boost the demand in the upcoming years.

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Key findings of the Automotive Coatings Market:

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.

Features of the Automotive Coatings Market Report:

The analysis of Automotive Coatings Market, their Growth, Demand, position, size and share from different regions are mentioned in detailed.

The key players in the market and their share in the global market are discussed.

The new strategic plan and suggestions that will help old as well as new market players to maintain the competitiveness are also discussed.

The Automotive Coatings Market report provides some important points related to growth factors, challenges, opportunities, end-user analysis and achievement and so on.

The latest trends that are being followed in the market are included along with an example.

How technological advancement and research, as well as development activities, are impacting the Automotive Coatings Market is explained in detail.

The development plans and policies are discussed as well as manufacturing processes and cost structures too are discussed.

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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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