Global Automotive Coating Market Worth $16.24 Billion by 2021 - Key Vendors are BASF SE, Axalta Coating Systems & PPG Industr...
September 22 2016 - 12:07PM
Business Wire
Research and Markets has announced the addition of the
"Automotive Coating Market - Global Forecast to 2021" report to
their offering.
The global automotive coating market size is estimated to reach
USD 16.24 billion by 2021, registering a CAGR of 7.02% between 2016
and 2021. Demand for different color & texture, enhancement of
sales supportive policies, and increasing purchasing power parity
(PPP) in emerging economies is driving the automotive coating
market.
Basecoat is the third layer applied to a car's body after e-coat
and primer layer. Basecoat is the fastest-growing segment among all
the coat type considered. The growth is high as new and innovative
technologies are being developed by automotive coating
manufacturers. For instance, in new integrated system, the primer
layer is omitted and is replace with two layers of basecoat. One
layer of basecoat absorbs UV radiation and other is advanced
basecoat. This kind of technological developments are expected to
drive the basecoat segment in the automotive coating market.
Asia-Pacific is the fastest-growing market for automotive
coating, in terms of both value and volume. High economic growth
rate, growing purchasing power, developing infrastructure,
increasing demand from end-use industries, and global shift in
production capacity from developed markets to emerging markets are
the major factors leading to the growth of the automotive coating
market in this region.
Companies Mentioned:
- Akzonobel N.V.
- Axalta Coating Systems
- BASF SE
- Jotun A/S
- KCC Corporation
- Kansai Paint Co., Ltd
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- The Valspar Corporation
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Automotive Coating Market, By Resin Type*
8 Automotive Coating Market, By Technology*
9 Automotive Coating Market, By Coat Type*
10 Automotive Coating Market, By Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
For more information about this report visit
http://www.researchandmarkets.com/research/zbxmv6/automotive
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version on businesswire.com: http://www.businesswire.com/news/home/20160922006008/en/
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U.S.): +353-1-481-1716Related Topics: Telematics and Vehicle
Electronics, Menswear, Plastic Resins, Paints and Coatings ,
Automotive Materials