Automotive Coatings Market Introduction:
Automotive Coatings Market is looking forward to robust growth and is projected to attain nearly USD 25 Billion by the end of 2023, unveils Market Research Future (MRFR) in a detailed research report.
Automotive Coatings Market Key Players:
The prominent players in the global automotive coatings market include BASF SE (Germany), Kansai Paint Co., Ltd. (Japan), Jotun (Norway), PPG Industries, Inc. (U.S.), Arkema SA (France), Clariant (Switzerland), Cabot Corporation (U.S.), Bayer AG (Germany), Axalta Coating Systems (U.S.), Akzo Nobel N.V. (Netherlands), Nippon Paint Holdings Co., Ltd. (Japan), The Valspar Corporation (U.S.), Berger Paints India Limited (India), Koninklijke DSM N.V. (Netherlands), and The Sherwin-Williams Company (U.S.).
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Automotive Coatings Market Segmentation:
Automotive coatings market has been segmented based on product, substrate, technology, and resin type. By product, the market has been segmented into primer, basecoat, electro-coat, and clear coat, and others. By substrate, the market has been segmented into metal, plastics, composites, and others. By technology, the market has been segmented into water-borne, solvent-borne, powder, and radiation curable. By resin type, the market has been segmented into polyurethane, epoxy, automotive, and others.
Automotive Coatings Market Regional Analysis:
Automotive coatings market spans across the regions of North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia Pacific is leading the global automotive coatings market since Asia Pacific has been taking an increasing share of global vehicles sales. Fast GDP growth rise of the middle class and replacement of old vehicles in the region support the growth of the market in APAC. India, Japan, South Korea, China, and Malaysia are the key contributors to the APAC automotive coatings market. North America is the second largest market for automotive coatings.
The US is the largest consuming market for automotive coatings, and high sales of vehicles, especially luxury cars in the region favor the growth of the automotive coatings market. Europe is another profitable market for automotive coatings. Majority of automotive manufacturers have their manufacturing base in Europe which makes Europe a worthwhile market. The U.K., France, Germany, Italy, and Belgium are the major contributors to the Europe automotive coatings market. The Middle East & Africa market is expected to exhibit substantial growth over the forecast period due to improving economy and increasing industrialization in the region.
Automotive Coatings Market Table of Content to be Continue…...,
Complete table of content is available at @ https://www.marketresearchfuture.com/reports/automotive-coatings-market-1754
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