Global Automotive Paints Market Size, Share, Major Players, Opportunity, Growth, Trends, and Forecast Period 2018 to 2023

Orbisreserach.Com adds “Global Automotive Paints Market-Growth, Trends, and Forecast (2018-2023)” To Its Research Database

Dallas, United States - May 17, 2018 /MarketersMedia/ —

The Global Automotive Paints and Coatings Market has been estimated at USD 19 billion in 2017 and is expected to grow at a CAGR of 5.5% during the forecast period, 2018 - 2023.DuPont, PPG industry, Nippon Paint, and 3M have been estimated to be the market leaders in the automotive paints market in 2017. The market is driven by the paint manufacturers endeavoring to offer cost-efficient and varied effective solutions without compromising on the performance of the paints through their wide portfolio of product offerings. The growth of the market is characterized by increasing vehicle production, growing demand for carbon footprint technologies in the automotive paints market, and changing weather conditions.

Companies Mentioned:
3M, Akzonobel NV, Arkema Group (Bostik SA), Axalta Coatings Systems, BASF SE, Beckers, Berger Paints India Ltd, Clariant Ag, Kansai Nerolac Paints Ltd., DuPont, Nippon, PPG Industries, Royal DSM NV, Solvay S.A, Valspar

Get Sample Copy of this report @ http://orbisresearch.com/contacts/request-sample/2128286

Asia-Pacific is expected to be the largest market for automotive coatings by 2023, owing to the large production capacity of automotive industries in that region. It is also projected to be the fastest growing market during the forecast period because of the growing technological advancements. The region also recorded the maximum number of vehicles produced, owing to its demand-driven dynamics. The African automobile industry is said to be in its growing phase and its growth will be directly proportional to the increased automotive paint demand.

There is an increased emphasis on the reduction of carbon dioxide, particulate matter, and nitrogen oxide emission, along with the growing focus on increasing fuel economy, as per Corporate Average Fuel Economy standards. Therefore, paint manufacturers should develop solutions to reduce the emissions.

Undertaking New Technology
The automotive industry and engine manufacturers are expected to become an excellent growth area for thermal spray, especially in the powder coating technology. Engine manufacturers are looking at thermal spray protective surface coatings for cylinders. Also, powder coatings are a non-toxic, dry-finishing process used to provide a protective finish, primarily used in metals and aluminum products in automobile and motorcycle parts. The process creates a hard finish tougher than that of conventional paints and is used to protect from rust and provide a great amount of chemical resistance. Powder coatings are an increasingly popular finish for many automotive components, primarily as a result of being solvent-free. The automotive industry coats springs, bumpers, wheel, louvers, and frames, and some manufacturers are increasingly using powder coatings for primer and final body finish.

In the technology segment, the waterborne and powder coatings segments are expected to show the maximum growth rate, with waterborne solvents leading the market comprehensively by 2022. This is largely because solvent-based coatings are banned in most countries since they have proven to be ecologically harmful.

Key Developments
Nippon Paint, one of the leaders in the automotive paints market, has devised and developed a polarized paint, Maziora that changes color depending on the angle from which it is viewed or from where the light highlights it. The paint is suitably used to re-paint automobiles or as a high-design paint for new vehicles and designer racing cars.
Nippon Paint created an advanced, brighter, stronger shade of soul red, its latest color developed in cooperation with Mazda, balancing quality and design with workability performance.
Cathodic Electro-Deposition (CED) paint is one of the latest developments in providing the vehicle utmost protection against diverse climatic conditions. This electro deposition system acts as an anti-rust primer and also works effectively as an anti-corrosion agent. The market is expected to remain competitive in the presence of many players.

Major Players: AXALTA COATINGS, SOLVAY SA, PPG INDUSTRIES, DUPONT, 3M, amongst others

Buy a report @ http://orbisresearch.com/contact/purchase/2128286

Reasons to Purchase the Report
Provides latest insights into the automotive paints market
Gives a detailed analysis of key competitors in the automotive paints market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Detailed analysis on the region that is expected to witness the highest growth
Identify the latest developments, market shares, and strategies employed by the major market players
3 month analyst support, along with the Market Estimate Sheet (in Excel)

Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your need.

Table of Content:
1. Introduction
1.1 Study Deliverables
1.2 General Study Assumptions

2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology

3. Executive Summary

4. Market Overview and Technology Trends
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter's Five Forces Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Competitive Rivalry

5. Market Dynamics
5.1 Drivers
5.1.1 Increasing Vehicle Production and Sales
5.2 Restraints
5.2.1 Environment Issues
5.2.2 Increasing Raw Material Cost
5.3 Opportunities
5.3.1 The Asia-Pacific Region
5.3.2 Polarized Paint

6. Global Automotive Paints Market Segmentation, by Coat Usage Type
6.1 Primer
6.2 Clear Coat
6.3 Basecoat
6.4 Metallic Paint
6.5 Nonmetallic Paint
6.6 Others

7. Global Automotive Paints Market Segmentation, by Formulation
7.1 Solvent-Borne Coatings
7.2 Water-Borne Coatings
7.3 Powder Coatings

8. Global Automotive Paints Market Segmentation, by Vehicle Type
8.1 Passenger Vehicles
8.2 Commercial Vehicles
8.3 Two-Wheelers

9. Global Automotive Paints Market Segmentation, by Geography
9.1. North America
9.1.1 United States
9.1.2. Canada
9.1.3. Mexico
9.1.4 Rest of North America
9.2. Asia-Pacific
9.2.1. China
9.2.2. Japan
9.2.3. India
9.2.4. Australia
9.2.4. Rest of Asia-Pacific
9.3. Europe
9.3.1. Germany
9.3.2. United Kingdom
9.3.3. France
9.3.4 Italy
9.3.4. Rest of Europe
9.4. South America
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Rest of South America
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 Iran
9.5.3 South Africa
9.5.4 Rest of Middle East & Africa

10. Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis

11. Company Profile
11.1 3M
11.2 Akzonobel NV
11.3 Arkema Group (Bostik SA)
11.4 Axalta Coatings Systems
11.5 BASF SE
11.6 Beckers
11.7 Berger Paints India Ltd
11.8 Clariant Ag
11.9 Kansai Nerolac Paints Ltd.
11.10 DuPont
11.11 Nippon
11.12 PPG Industries
11.13 Royal DSM NV
11.14 Solvay S.A
11.15 Valspar

12. Outlook of the Market

13. Disclaimer

About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Info:
Name: Hector Costello
Organization: Orbis Research
Address: 4144N Central Expressway, Suite 600, Dallas, Texas - 75204, U.S.A.
Phone: +1 (214) 884-6817; +912064101019

Source URL: https://marketersmedia.com/global-automotive-paints-market-size-share-major-players-opportunity-growth-trends-and-forecast-period-2018-to-2023/346458

For more information, please visit http://orbisresearch.com/reports/index/global-automotive-paints-market-growth-trends-and-forecast-2018-2023

Source: MarketersMedia

Release ID: 346458

More News From Daily World Feed

Freed by court, Pakistani Christian woman still a prisoner

Jan 17, 2019

ISLAMABAD — Aasia Bibi, a Pakistani Christian acquitted of blasphemy, still lives the life of a prisoner, nearly three months after her release from death row, awaiting a final ruling on her fate. She spends her days in seclusion for fear of being targeted by angry mobs clamoring for her death. In her hideout, she longs for her children who were taken to Canada for their safety. Pakistani security forces guarding the 54-year-old Bibi prevent her from opening a window in her hiding place, let alone go outside, a friend said. Meanwhile, the Supreme Court is weighing a petition by...

In life and death, fight against India joins Kashmir teens

Jan 17, 2019

HAJIN, India — On a hot day in August, members of a Kashmiri youth soccer team watched their 16-year-old captain, Saqib Bilal Sheikh, and goalkeeper Mudassir Rashid Parray, two years his junior, walk off the field toward a man on a motorcycle. The two teenagers were not seen again until months later, when they were returned to their hometown in body bags. Dying with his teammate in an 18-hour firefight in December, Mudassir became the youngest militant slain fighting Indian troops in a three-decade insurgency in Kashmir. The rebellion is drawing greater numbers of teenage boys and young men as...

China criticizes Trudeau comments on death penalty case

Jan 17, 2019

BEIJING — China expressed its "strong dissatisfaction" with Canadian Prime Minister Justin Trudeau on Tuesday over his criticism of a death sentence given to a Canadian accused of drug smuggling at a retrial that followed a chilling of relations over the arrest of a senior Chinese technology executive. Trudeau should "respect the rule of law, respect China's judicial sovereignty, correct mistakes and stop making irresponsible remarks," foreign ministry spokeswoman Hua Chunying said. "We express our strong dissatisfaction with this," Hua told reporters at a daily briefing. Her comments are the latest sign of a sharp cooling of China-Canada ties since...

The Latest: Canada asks China to spare life of Canadian

Jan 17, 2019

BEIJING — The Latest on China-Canada tensions (all times local): 4:00 a.m. Canadian Foreign Minister Chrystia Freeland says Canada has asked China to spare the life of a Canadian man facing a death sentence. Freeland also mentioned a long list of allies that the country has courted in its efforts to free two other Canadians imprisoned last month after Canada arrested a Chinese executive at the request of the United States. Freeland's remarks came after China earlier Tuesday expressed "strong dissatisfaction" with Prime Minister Justin Trudeau's criticism of a death sentence handed down to a previously arrested third Canadian, an...

Analysis: China pulling out all stops in Canada tensions

Jan 17, 2019

BEIJING — Chinese President Xi Jinping's government is sparing no expense to its international reputation in its determination to force Canada to back down over the case of a Chinese telecommunications executive it detained last month. While Beijing formally denies any connection, the arrest of two Canadians on vague national security charges and the re-sentencing of a convicted Canadian drug smuggler to death on Monday point to a determined campaign of intimidation and retribution. And while global perceptions of China's adherence to free trade and rule of law may take a beating, for Xi and other highly nationalistic Communist leaders,...

About Us

Get yourself immersed in engaging topics right here. Daily World Feed is a multi-platform media, providing you latest breaking news straight from the industry.

Contact us: sales[at]dailyworldfeed.com

Subscribe Now!