The global automotive coatings market size is expected to reach USD 22.96 Billion in 2032 and register a steady revenue CAGR of 4.4% during the forecast period, according to latest analysis by Emergen Research. Rising usage of powder-based coatings in the automotive industry is the key factor driving market revenue growth. Powder coating is utilized in various automobile applications, including hubcaps, bumpers, wheels, cosmetic trim, door handles, truck beds, accent components, filters, radiators, and different engine elements. Powder-coated surfaces are more resistant to scratches, chipping, wear, and fading , which are utilized in automotive applications owing to their high abrasion and corrosion resistance.
In addition, rising demand for ceramic coatings is another factor driving revenue growth of the market. This coating is commonly used to guard against dirt, filth, scratches, and other markings that affect any hard surface of a car, including the outside paint, wheels, and calipers. There are various advantages of putting a ceramic coating on the interior or exterior of a vehicle as a ceramic coating can shield the paint from Ultraviolet (UV) radiation, which causes oxidation, peeling, and paint dulling. Moreover, this coating also guards against chemical stains or acidic impurities caused by bugs, smog, or other factors. A ceramic coating also makes cleaning a vehicle much easier. However, high-performance coatings are expensive is a key factor, which could restrain market revenue growth.
The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Automotive Coatings industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
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Key Players operating in the industry are:
The Sherwin-Williams Company, KCC PAINTS SDN BHD, Bayer AG, Beckers Group, Cabot Corporation, Berger Paints India Limited, Eastman Chemical Company, Valspar, CLARIANT, and Solvay;
Radical Features of the Automotive Coatings Market Report:
- The report encompasses Automotive Coatings market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Automotive Coatings industry
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Segmentation:
- Resin Type Outlook (Revenue, USD Billion; 2019–2032)
- Polyurethane
- Epoxy
- Acrylic
- Others
- Technology Outlook (Revenue, USD Billion; 2019–2032)
- Solvent-based
- Water-based
- Powder-based
- Coat Type Outlook (Revenue, USD Billion; 2019–2032)
- Clear coat
- Basecoat
- Primer
- E-coat
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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