Automotive Specialty Coating Market is expected to grow at a considerable CAGR during the forecast period from 2021 to 2027. The increasing sales of premium vehicles, growing applications of coatings, and the rising production of vehicles across the globe are the major factors augmenting the growth of the automotive specialty coating market. Automotive coatings are used on automobiles for both protective and decorative purposes. They are used to provide protection from the environment and durability. Water-based coatings have low VOC levels as they are less toxic and flammable. Used to provide high performance at high temperatures and to prevent corrosion. Additionally, the increasing competition among the vehicle manufactures to provide with better comfort and safety services lead to a higher use of specialty coating in automobiles leading to a rise in demand for specialty coatings. This also provide with lucrative opportunities for the market during the forecast period.
Asia-Pacific is estimated to witness substantial growth during the forecast period owing to the increasing automobile production coupled with the growing disposable income in the region. In addition, there is a huge demand for vehicles in the developing countries of Asia-Pacific region. Some of the major automotive specialty coating manufacturers are PPG Industries, Inc., BASF SE, Axalta Coating Systems, Akzo Nobel N.V., The Sherwin-Williams Company, Solvay S.A., The Dow Chemical Company, Nippon Paint Holdings Co., Ltd., Clariant, and Hexion Inc.
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A full report of Global Automotive Specialty Coating Market is available at: https://www.orionmarketreports.com/automotive-specialty-coating-market/57947/
The following Segmentation are covered in this report:
By Resin Type
- Polyurethane
- Epoxy
- Acrylic
- Other
By Technology
- Solvent-borne
- Waterborne
- Powder Coating
By Application
- Engine & exhaust
- Interior
- Transmission
- Wheel rims
- Others
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Specialty Coating Market.
- The market share of the global Automotive Specialty Coating Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Specialty Coating Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Specialty Coating Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
