Dublin, May 03, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Automotive Paints market - By Coat type, Technology, Texture type, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2015-2022)" report to their offering.
Global Automotive Paints market was 8.82 Billion USD in 2015 and is forecasted to reach $12.54 Billion by 2022 at a CAGR of 5.15% for the forecasted period.
Automotive paints are one of the most important non-machinery parts of automobile and they are used for almost every material in an automobile. They provide protection against acid rains, UV-rays, oxidization and corrosion. Over the years, automotive paints have undergone changes in terms of technology, quality, durability and variety.
Automotive paints are either solid or metallic in their texture. They are used widely for both vehicle interior and exterior. Automotive paints have various types of products such as pre-treatment chemicals, intermediate coats, clear coats and touch-up paints, electro-deposition primers and solid and metallic top coats. Various types of coats used in automotive paints include electro-coats, primers, powder coatings, base coats and clear coats. Various types of technologies used in automotive paints include Solvent-borne paints, Waterborne paints, Powder Coatings.
Asia Pacific holds the largest share in Global Automotive Paints market followed by Europe. North America follows Europe in global automotive paints market share. Rising middle class and increasing disposable income are some of the major growth drivers for global automotive paints market in Asia Pacific region.
Increasing disposable incomes, rising middle class population in emerging countries, growing demand for automobiles, increasing R&D and Favourable economic and political scenario are major growth drivers in this industry. Additionally, stringent environmental regulations in North America and Europe are expected to drive the demand for waterborne coating and powder coatings.Fluctuating raw material prices and low-adoption rates of eco-friendly coatings in high-volume markets are some of the challenges in this industry.
Key players in this industry PPG Industries, Inc. (U.S.), Axalta Coating Systems LLC (U.S.), Kansai Paint Co. Ltd. (Japan), BASF SE (Germany), Nippon Paint Holdings Co. Ltd. (Japan), Arkema SA (France), Bayer AG (Germany), and AkzoNobel N.V. (The Netherlands). Jotun, KCC Corporation, and Lord Corporation.
North America is expected to overtake Europe in terms of market share due to increasing production of vehicles. North America and Europe are expected to have higher penetration of waterborne and powder coatings due to stringent environmental regulations. Tier-1 suppliers and OEMs are collaborating to reduce development costs and offer efficient technologies in paints market.
Key Topics Covered:
1. Research Methodology
2. Market Overview
- Definition
- Value chain analysis
- Porter's 5 Forces
- Regulations
3. Market Dynamics
- Introduction
- Drivers
- Constraints
- Opportunities
4. Global Automotive Paints market Segmentation, Forecasts and Trends - by Revenue
5. By Coat type
- Electrocoat
- Primer
- Basecoat
- Clearcoat
6. By Technology
- Solvent-Borne Coatings
- Waterborne Coatings
- Powder Coatings
7. By Texture type
- Solid Texture
- Metallic Texture
8. By Region
9. Vendor Market Share Analysis
10. Company Profiles
- BASF SE
- Berger Paints
- 3M Company
- Bayer AG
- Royal DSM NV
- Akzonobel N.V.
- Valspar Corporation
- Beckers Group
- Solvay SA
- Clariant AG
- Arkema SA
- Kansai Paint Co
- Matrix System Automotive Finishes
- Axalta Coatings System
- PPG Industries Inc.
- Nippon Paint
11. Industry Structure
- Industry M&As, Consolidations
- Investment Opportunities
- Global Automotive Paints Market- Road Ahead
- Tables
For more information about this report visit http://www.researchandmarkets.com/research/l2ml24/global_automotive