Automotive Coating Resin Industry checkout the unexpected future 2027


Posted November 12, 2020 by rohit890

Coating resins (polymer compounds) have primary application in manufacture of paints and coatings. These materials serve the purpose of providing a protective layer for a wide range of objects

 
Market Overview

Coating resins (polymer compounds) have primary application in manufacture of paints and coatings. These materials serve the purpose of providing a protective layer for a wide range of objects, and help them resist environmental conditions such as corrosion, staining, weather, and hardness. Coating resins are viscous, industrially produced substances that undergo a process called 'curing' which converts synthetic resin into rigid polymers.

Owing to its ability to harden permanently, coating resin finds application in several end use industries such as automotive, furniture, and marine among others. Resins that are used for manufacturing automotive coating are called automotive coating resin.

Request Sample Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-sample/2718

Market Dynamics

Automotive coatings are applied to vehicles to protect them from extreme weather conditions, and pollution. Automotive coatings are primarily used as additives in the automotive sector, alongside other additives such as silver, enamel, and stearates. Synthetic resin provides a shiny, glossy look when applied to the vehicle. Automobile manufacturers use coating resins for passenger vehicles and light duty vehicles, as well as for heavy duty vehicles.

Automotive coating resin can either be oil based or water based. Oil based coating resins have been widely used in the past decade, however research has found that volatile organic chemicals present in the oil based coating resin results in higher emission of hazardous gases. Regulatory measures were set up by regulatory bodies in North America and the European Union to reduce the usage of oil based resins which contain harmful organic compounds that were found to pose a risk to the ozone layer. These factors have restrained growth of the automotive Coating Resin market considerably. However, research and development activities by key players to develop an environmentally friendly alternative for oil based coating are expected to benefit the market in the near future. In comparison with oil based resins, water based resins have considerably low concentration of harmful organic compounds.

Get Request Customization Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-customization/2718

Some of the prominent players in the global automotive coating resin market are Allnex Belgium SA/NV, The Dow Chemical Company, Azko Nobel N.V., BASF SE, and Nuplex Industries Ltd.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Name: Mr. Raj Shah

Phone: US +12067016702 / UK +4402081334027

Email: [email protected]

Visit Our Blogs: https://blog.coherentmarketinsights.com
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By coherent market insights
Country India
Categories Advertising , Blogging , Industry
Last Updated November 12, 2020