The global pigment base coat market is expected to grow at a significant CAGR during the forecast period (2021-2027). The major factors propelling the growth of the global pigment base coat market include rising demands of coating in the automobile industry for protection and aesthetic purpose. Pigment base coats are utilized in the automotive industry in the interior and external sections of automobiles since they provide protection and attractiveness. They are utilized in both metallic and plastic automotive components. The major purpose of automobile coatings is to protect car parts from harmful environmental agents including sunshine, corrosive chemicals, and environmental impacts like acid rain, hot-cold shocks, stone chipping, UV radiation can washing, and blowing sand. For vehicle restoration, these coatings are utilized in auto body shops and repair facilities.
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A basecoat is the initial layer of paint or other coating substance that acts as the foundation for the application of the top or finishing coat. If a priming coat is necessary, it is applied before the basecoat. Pigment Base Coat is used for pigmented leathers that are intended for refinishing the leather for pigmented upholstery. The product provides great coverage and adherence. It can be applied with a sponge first, then sprayed, and then softly diluted with water to get the desired viscosity.
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The key players contributing to the growth of the global pigment base coat market by adopting various strategies such as product launches & developments, mergers and acquisitions, partnerships, and agreements, include Axalta Coating System, DIC Corporation, Covestro AG, AccuCoat Inc., Carl Schlenk AG, among others. For instance, in November 2020, Lomon and Billions showcased their titanium dioxide (TiO2) pigment base coating and inks at CHINACOAT 2020. Lomon and Billions showcased its LOMON R-996 TiO2 pigment and BILLIONS BLR-895 TiO2 pigment for exterior and interior coats.
Global Pigment Base Coat Market – Segmentation
By Type
Organic
Inorganic
Specialty
By Application
Structure
Automotive
Commercial Electronics
Others
Global Pigment Base Coat Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Axalta Coating System
DIC Corporation
Covestro AG
AccuCoat Inc.
Carl Schlenk AG
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