Automotive Specialty Coating report puts across the idea of high level analysis of major market segments and identification of opportunities. Market analysis and market segmentation has been carried out in terms of markets, geographic scope, years considered for the study, currency and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions. This market report accomplishes comprehensive analysis of profiles of key market players that provides a competitive landscape. The Automotive Specialty Coating report displays important product developments and tracks recent acquisitions, mergers and research in the Automotive industry by the key players.
Global Automotive Speciality Coatings Market is expected to rise from its initial estimated value of USD 2.97 billion to an estimated value of USD 3.85 billion by 2026, registering a CAGR of 3.31% in the forecast period of 2019-2026. Advancement in the coating technology is the major factor for the growth of this market.
Automotive coatings are used on automobiles for the purpose of protection and decoration. They are used to provide the protection from environment and durability. The waterborne coatings have low VOC level due to which they have low toxicity and flammability. They are used to offer high performance at high temperature and to protect against corrosion.
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Leading Players Of Automotive Specialty Coating Market Are:
Few of the major competitors currently working in the automotive speciality coatings market are Akzo Nobel N.V., Axalta Coatings Systems, Cabot Corporation, Carboline Company, Coolshield International Pty., Ltd, Delta T & Protective Products, Excel Enterprise, General Coatings, Jotun, Kansai Nerolac Paints Limited, Lincoln Industries, Mascoat, Mathur Corr Tech Private Limited, Nippon Paint Holdings Co., Ltd., Sharpshell Industrial Solutions.
Segmentation: Global Automotive Speciality Coatings Market
Global Automotive Speciality Coatings Market By Applications (Engine & Exhaust, Interior, Transmission, Wheel Rims), Type (Solvent- Borne, Waterborne, Powder Coatings), Resin Type (Polyurethane, Epoxy, Acrylic), Substrate (Metal, Plastic), Electric & Hybrid Vehicle Type (HEV, PHEV, BEV), Vehicle Type (Passenger Car, LCV, HCV), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
Market Drivers: Automotive Specialty Coatings Market
- Increasing production of the vehicles worldwide is driving the market
- Increasing demand for specialty coating among consumer is driving the market.
Market Restraints: Automotive Specialty Coatings Market
- Increase in the fuel cell electric vehicle and battery electric vehicle is the major factor restraining the growth of this market.
Target Audience of Automotive Specialty Coatings Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Developments in the Market: Automotive Specialty Coatings Market
- In August 2018, Ferrari introduced their new low temperature system, which makes the Prancing Horse the world’s first manufacturer to adopt low cure clear coats technology. This new paint system reduces the energy cost and enhances sustainability as it has formulated clear coat which makes it possible for the car to bake at 100 degree instead of 150 degrees.
- In January 2019, Nippon Paint announced the launch of their unique car painting and car care centre concept- Nippon Paint X’press in India. This will provide world class body and paint repair and car care services.
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
Market Insights in the Report
- To describe and forecast the Automotive Specialty Coatings Market, in terms of value, by process, product type, and industry.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Automotive Specialty Coatings Market
- To gain insights about the major regional insights in which the Automotive Specialty Coatings Market is flourishing.
- Recent industry trends and developments
- Potential and niche segments/regions exhibiting promising growth