Automotive Coatings Market Forecasts 5% CAGR Growth over 2021-2026 Period | MarkNtel Advisors
Automotive Coatings Market Forecasts 5% CAGR Growth over 2021-2026 Period | MarkNtel Advisors
Global Automotive Coatings Market Report: 2021-2026
According to MarkNtel Advisors recent report “Global Automotive Coatings Market”. The report takes a numbers-based approach, breaking down precise data in a straightforward way. It consists of information on all the periods – past, present, and future. The report covers important topics like customer behavior, industry size, share, ongoing trends, market segments, and leading companies, and other valuable aspects related to the industry.
Key Highlights of the Report
- Market Performance (2016-2026)
- Market Outlook (2021-2026)
- Market Drivers and Challenges
- Competitive Benchmarking
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Automotive Coatings Market Overview
According to MarkNtel Advisors’ research report “Global Automotive Coatings Market Analysis, 2020”, the Global Automotive Coatings market is anticipated to grow at a CAGR of around 5% during 2021-26F. The growth of the market is attributed to burgeoning demand for automotive coating solutions as it provides protection to the vehicle from environmental aggressors such as rust, water, snow, coupled with paradigm shift of the consumers toward proper maintenance of vehicles. Furthermore, rising investment by the market players on introducing economical and high-performance solutions and escalating trends pertaining to automobile renovation, along with snowballing inclination towards powder coatings in order to reduce VOC content emissions are the factors strongly contributing towards the growth of the market in the forthcoming period.
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Automotive Coatings Market Segmentation
By Product
> Primer
> E-coat
> Basecoat
> Clearcoat
By Technology
> Waterborne Coatings
> Solventborne Coatings
> Powder Coatings
> UV-Cured Coatings
By Resin Type
> Polyurethane
> Epoxy
> Acrylic
> Others
By End-Users
> OEMs
> Refinish
Geographical Insights:
- North America
- Europe
- Asia Pacific
- Middle East/Africa
- South America
Competitive Landscape
The competitive landscape of the market has been studied in the report with detailed profiles of key players operating in the Automotive Coatings market.
Key Players
- > BASF SE
- > Axalta Coating Systems
- > PPG Industries, Inc.
- > Kansai Paint Co. Ltd.
- > Nippon Paint Holdings Co., Ltd.
- > The Valspar Corporation
- > KCC Corporation
- > The Sherwin-Williams Company
- > Akzonobel N.V.
- > Jotun A/S
- > Bayer AG
- > Arkema SA
- > Beckers Industrial Coatings Ltd.
- > Cabot Corporation
- > Berger Paints India Ltd.
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