Selbyville, Delaware Market Study Report Has Added A New Report On Automotive Paints & Coatings Market Size according to market dependency of specific report. That Provides A Comprehensive Review Of This Industry With Respect To The Driving Forces Influencing The Market Size. Comprising The Current And Future Trends Defining The Dynamics Of This Industry Vertical, This Report Also Incorporates The Regional Landscape Of Automotive Paints & Coatings Market In Tandem With Its Competitive Terrain.
This study elucidates how the Automotive Paints & Coatings market Sizewill perform over the forecast timeline. Growth indicators as well as the growth rate of the industry during the study period has been expounded in the report. In addition, the Automotive Paints & Coatings market report briefs the growth opportunities alongside the constraints of this industry vertical.
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Global Automotive Paints & Coatings Market to reach USD 14493.01 million by 2025.
Global Automotive Paints & Coatings Market valued approximately USD 8957 million in 2017 is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2018-2025.
The major driving factors of automotive paints & coatings is constant improvement in their property and functionality. The proven ability of paints and coatings to increase the durability, presentation, and performance of end-products is the primary driver of the market for the same. Moreover, growing requirement of automotive refinish owing to vehicle maintenance and repair will stimulate the demand for paints & coatings over the upcoming years.
The major restraining factors of the automotive paints & coatings are difficulty in sourcing the raw material and volatile prices of raw material. Automotive paint is paint used on automobiles for both protection and decoration purposes. The major opportunity in the automotive paints and coatings is rapid adoption of advanced powder coating and thermal spray technologies. Automotive paint and coating includes various benefits such as excellent durability and duration, measurable thickness, hardness, ease of maintenance, resistance to contamination, hydrophobic properties and intense gloss and shine.
The regional analysis of Global Automotive Paints & Coatings Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share which is 56.5% in 2015. The automotive sector of Asia Pacific is driven by rising sales and production in countries including China, Japan, India, South Korea, and Thailand. China was the largest producer of automobiles and is likely to remain the leading manufacturer on account of economic labor in the country. Europe is witness steady growth over the upcoming years on account of increasing vehicle manufacturing in countries including Germany, Sweden, Italy, France and the UK. Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years.
The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Coat Type:
Historical year â€“ 2015, 2016
Base year â€“ 2017
Forecast period â€“ 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include, Akzonobel N.V., BASF SE, Axalta Coating Systems, Bayer, Cabot Corp, Donglai Coating Technology, Eastman, Feidal coatings, Nippon Paint Holdings Co. Ltd, PPG Industries, Inc. and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Summary of the regional outlook documented in this report:
- Consumption pattern and consumption rate with respected to each region.
- Predicted consumption rates over the forecast period.
- Market forecasts of key regions are detailed in the report.
- Consumption market share solely based on the regional contribution.
- Market share held by the listed geographies.
COVID-19, the disease it causes, surfaced in late and now had become a full-blown crisis worldwide. Over fifty key countries had declared a national emergency to combat coronavirus. With cases spreading, and the epicentre of the outbreak shifting to Europe, North America, India and Latin America, life in these regions has been upended the way it had been in Asia earlier in the developing crisis. As the coronavirus pandemic has worsened, the entertainment industry has been upended along with most every other facet of life. As experts work toward a better understanding, the world shudders in fear of the unknown, a worry that has rocked global financial markets, leading to daily volatility in the U.S. stock markets.
What are the market factors that are explained in the report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Analytical Tools: The Global Automotive Paints & Coatings Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyse the growth of the key players operating in the market.
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