Automotive Coatings Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis - MarkNtel Advisors

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 According to Markntel Advisors Report, Automotive Coatings Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Automotive Coatings are specialized formulations that are applied to vehicles to protect their surfaces and enhance their aesthetic appeal. These coatings make the automobiles corrosion-protected, UV-resistant, scratch-resistant, and have color retention maintaining its visual appeal.

 

Global Automotive Coatings Market Research Report & Summary:

The Global Automotive Coatings Market size was valued at USD 14.5 billion in 2023 and is projected to reach USD19.8 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.44% during the forecast period, i.e., 2024-30.       

Time Period Captured in the Report:

·         Historical Years: 2019-22

·         Base Years: 2023

·         Forecast Years: 2024-2030

Who are the Key Players Operating in the Automotive Coatings Market?

The top companies of the Automotive Coatings Market ruling the industry are: 

BASF SE, Axalta Coating Systems, PPG Industries, Inc., Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd., The Valspar Corporation, KCC Corporation, The Sherwin-Williams Company, Akzonobel N.V., Covestro AG, Arkema SA, Cabot Corporation, Clariant AG, Lord Corporation, Solvay S.A etc.

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report. 

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Automotive Coatings Industry Recent Development:

·         2024: BASF SE announced the expansion of its e-coat production facility in Mangalore, India. E-coat is used to secure a car’s body from corrosion.

What is Included in Automotive Coatings Market Segmentation?

The Automotive Coatings Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Product

-Primer- Market Size & Forecast 2019-2030F (Thousand Tons)

-E-coat- Market Size & Forecast 2019-2030F (Thousand Tons)

-Basecoat- Market Size & Forecast 2019-2030F (Thousand Tons)

-Clearcoat- Market Size & Forecast 2019-2030F (Thousand Tons)

-By Technology

-Waterborne Coatings- Market Size & Forecast 2019-2030F (Thousand Tons)

-Solventborne Coatings- Market Size & Forecast 2019-2030F (Thousand Tons)

-Powder Coatings- Market Size & Forecast 2019-2030F (Thousand Tons)

-UV-Cured Coatings- Market Size & Forecast 2019-2030F (Thousand Tons)

-By Resin Type

-Polyurethane- Market Size & Forecast 2019-2030F (Thousand Tons)

-Epoxy- Market Size & Forecast 2019-2030F (Thousand Tons)

-Acrylic- Market Size & Forecast 2019-2030F (Thousand Tons)

-Others- Market Size & Forecast 2019-2030F (Thousand Tons)

-By End-Users

-OEMs- Market Size & Forecast 2019-2030F (Thousand Tons)

-Refinish- Market Size & Forecast 2019-2030F (Thousand Tons)

-By Application

-Plastic-Parts

-Metal-Parts

-By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

Access The Full report: https://www.marknteladvisors.com/research-library/global-automotive-coatings-market.html

Market Dynamics -Global Automotive Coatings Market:

Extensive Utilization of Passenger Cars Uplifting Market Growth– In recent years, the requirement for automobiles has increased substantially owing to the expansion of ride-hailing services and inclination of the consumers towards cars for intercity & intracity travel. The tourism industry has grown significantly across the globe. This is attributed to the increased focus of various governments to boost the arrival of tourists. The increased tourist arrivals have resulted in higher demand for rental cars as they provide comfort to tourists and are cost-effective if compared to taxis. Hence, there is an increased usage of the passenger car fleet of the companies providing rental car services. Along with this, the consumers in the developed & developing countries are highly using the personal automotive vehicles for daily commuting purposes. This widespread usage of cars deteriorates their outer paint. As a result, consumers are ensuring that their cars undergo regular maintenance including consistent coating furnishing to maintain its aesthetic looks, positively impacting the demand for automotive coatings.

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Why Markntel Advisor Report?

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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