Automotive Specialty Coatings Market Worth US$ 3.75 Billion by 2025 - Emerging Trends, Industry Forecast, Segmentation and Top Technologies
Automotive specialty coatings market is estimated to be USD 3.02 billion in 2018 and is projected to reach USD 3.75 billion by 2025, at a CAGR of 3.12%, from 2018 to 2025. Demand for automotive specialty coatings market is driven by increasing demand for
(EMAILWIRE.COM, December 15, 2018 ) The automotive specialty coatings market consists of manufacturers such as PPG (US), Axalta (US), Akzo Nobel (Netherlands), BASF (Germany), Sherwin Williams (US), Kansai (Japan), Covestro (Germany), Solvay (Belgium), DOW Chemical (US), Nippon Paint (Japan), and KCC (South Korea).
Download Free Sample Papers of Automotive Specialty Coatings Market spread across 164 Pages, Profiling 11 Companies and Supported with 111 Tables and 50 Figures is now available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1585736 .
Automotive industry in Asia Oceania region has been dynamic over past few years & has seen an increase in annual production of passenger and commercial vehicles. Vehicles that are produced in Asia Oceania region are mostly small cars, which are equipped with small engines, average interiors, manual transmission & small wheel rims, which require very less coating amount as compared with other regions.
Key Target Audience
• Manufacturers of Various Types of Automotive Coatings
• Raw Material Suppliers to Automotive Coating Manufacturers
• Manufacturers of Automotive Coating Technologies
• Dealers and Distributors of Automotive Coatings
• Automotive Original Equipment Manufacturers (OEMs)
• Regional Automotive Manufacturers’ Associations
A bottom-up approach was used to estimate & validate size of automotive specialty coatings market and to estimate size of various other dependent submarkets in overall automotive specialty coatings market. Market size, by volume, of market, has been derived by identifying country-wise vehicle production and amount of coating required per application, by vehicle type.
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The automotive industry in the Asia Oceania region has been dynamic over the past few years and has seen an increase in the annual production of passenger and commercial vehicles. Vehicles that are produced in the Asia Oceania region are mostly small cars, which are equipped with small engines, average interiors, manual transmission and small wheel rims, which require very less coating amount as compared with other regions.
The study contains insights provided by various industry experts. The breakup of the primaries is as follows:
• By Company Type: Tier-1 —20%, Tier-2—50%, and OEMs —30%
• By Designation: D level —60%,C level —25% Other —15%
• By Region: North America —25%, Europe —40%, Asia Oceania—30%,and RoW —5%
Major advantage of waterborne coating is low toxicity & flammability due to lower VOC levels. Coatings based on this technology have excellent adhesion & greater heat resistance compared with solvent-based coatings. Owing to stringent VOC emission regulations, regions such as Europe and North America are reducing use of solvent-borne coatings and have shifted toward eco-friendly waterborne coatings.
More Information “Automotive Specialty Coatings Market by Application (Engine Exhaust, Interior, Transmission, Wheels), Technology (Solvent-borne, Water-borne, Powder), Resin (PU, Epoxy, Acrylic), Substrate, ICE, Electric & Hybrid Vehicle & Region - Global Forecast to 2025” report @ http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1585736 .
HEV segment is estimated to hold the largest market share in the automotive specialty coatings market, by electric & hybrid vehicle type. The large market share is attributed to the higher sales of HEVs than BEVs and PHEVs in all the regions. The market is also estimated to grow with the HEV market. Asia Oceania and North America are the largest markets for HEV, in terms of vehicle sales. Hence, these markets are expected to be the largest markets for automotive specialty coatings for HEVs.
Download Free Sample Papers of Automotive Specialty Coatings Market spread across 164 Pages, Profiling 11 Companies and Supported with 111 Tables and 50 Figures is now available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1585736 .
Automotive industry in Asia Oceania region has been dynamic over past few years & has seen an increase in annual production of passenger and commercial vehicles. Vehicles that are produced in Asia Oceania region are mostly small cars, which are equipped with small engines, average interiors, manual transmission & small wheel rims, which require very less coating amount as compared with other regions.
Key Target Audience
• Manufacturers of Various Types of Automotive Coatings
• Raw Material Suppliers to Automotive Coating Manufacturers
• Manufacturers of Automotive Coating Technologies
• Dealers and Distributors of Automotive Coatings
• Automotive Original Equipment Manufacturers (OEMs)
• Regional Automotive Manufacturers’ Associations
A bottom-up approach was used to estimate & validate size of automotive specialty coatings market and to estimate size of various other dependent submarkets in overall automotive specialty coatings market. Market size, by volume, of market, has been derived by identifying country-wise vehicle production and amount of coating required per application, by vehicle type.
Click Here 15% Discount on Automotive Speciality Coatings Market Research Now at http://www.rnrmarketresearch.com/contacts/discount?rname=1585736 .
The automotive industry in the Asia Oceania region has been dynamic over the past few years and has seen an increase in the annual production of passenger and commercial vehicles. Vehicles that are produced in the Asia Oceania region are mostly small cars, which are equipped with small engines, average interiors, manual transmission and small wheel rims, which require very less coating amount as compared with other regions.
The study contains insights provided by various industry experts. The breakup of the primaries is as follows:
• By Company Type: Tier-1 —20%, Tier-2—50%, and OEMs —30%
• By Designation: D level —60%,C level —25% Other —15%
• By Region: North America —25%, Europe —40%, Asia Oceania—30%,and RoW —5%
Major advantage of waterborne coating is low toxicity & flammability due to lower VOC levels. Coatings based on this technology have excellent adhesion & greater heat resistance compared with solvent-based coatings. Owing to stringent VOC emission regulations, regions such as Europe and North America are reducing use of solvent-borne coatings and have shifted toward eco-friendly waterborne coatings.
More Information “Automotive Specialty Coatings Market by Application (Engine Exhaust, Interior, Transmission, Wheels), Technology (Solvent-borne, Water-borne, Powder), Resin (PU, Epoxy, Acrylic), Substrate, ICE, Electric & Hybrid Vehicle & Region - Global Forecast to 2025” report @ http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=1585736 .
HEV segment is estimated to hold the largest market share in the automotive specialty coatings market, by electric & hybrid vehicle type. The large market share is attributed to the higher sales of HEVs than BEVs and PHEVs in all the regions. The market is also estimated to grow with the HEV market. Asia Oceania and North America are the largest markets for HEV, in terms of vehicle sales. Hence, these markets are expected to be the largest markets for automotive specialty coatings for HEVs.
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ReportsnReports
Vishal
Tel: + 18883915441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results