Global Automotive Protective Coatings Market Analysis | GME

Arkema S.A., Akzo Nobel NV, PPG Industries, Inc., Axalta Coating Systems, RPM International, Inc., The Sherwin-Williams Company, Wacker Chemie AG, The Dow Chemicals Company, BASF SE, Kisco Limited, Beckers Group, Cabot Corporation, Bollig & Kemper, Eastman Chemical Company, HMG Paints, Jotun, Nippon Paint Holdings, Kansai Nerolac Paints, KCC Corporation, Lord Corporation, Shanghai Kinlita Chemical Co. Ltd, SIKA AG, Hempel A/S, Induron Protective Coatings, and H.B. Fuller Company are major contributors to the industry share.

Mumbai, INDIA


BROOKLYN, New York, March 15, 2021 (GLOBE NEWSWIRE) -- According to a new market research report published by Global Market Estimates, the Automotive Protective Coatings Market will grow with a high CAGR value during the forecast period [2021 to 2026].

Automotive protective coatings are high-performance finishes which are applied for technical and decorative purpose. With respect to technical advantages, the finishes provide anti-corrosion, anti-microbial, and erosion prevention to the vehicle. In case of decorative purpose, these finishes offer an aesthetic appearance to the car exterior by providing glaze to the paints.

Increasing passenger car production to meet rising demand along with consumer preference for low maintenance vehicles will proliferate the industry growth. Critical factors such as vehicle life, component quality, and recurring cost majorly influence the consumer buying behavior Therefore, the adoption of materials that are not only sustainable but should also be efficient is essential.

Epoxy, polyurethane, and alkyd are majorly used in the Automotive Protective Coatings Industry. High performance, elongated component lifespan, and economical costing are key attributing factors driving demand for these products in the coatings industry. 

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https://www.globalmarketestimates.com/market-report/global-automotive-protective-coatings-market-2848

Solvent-borne will lead the formulation segment

Solvent-borne formulation is projected to witness the largest share in the coming years. Increasing requirement for corrosion-resistant finishes along with easy compatibility with metallic surfaces are major factors to influence demand in this segment. Other technical advantages such as solubility, reliability, and stability of the compound on the vehicle surface will proliferate the product demand.

Aftermarket will witness the highest growth

In the end-use segment, the aftermarket will witness the highest growth during the forecast period. Each year, the industry witnessed a surge of vehicle damage caused by accidents, environmental damage, rust, component erosion. Therefore, the aftermarket holds high potential in the industry. Also, increasing consumer preference for customized and reinforced vehicles will support the product demand. The refurbished car sellers are also inclined to use these high-performance coatings to improve the condition of old and used vehicles. Thereby, increasing the vehicle value.

APAC will be the major contributor

Asia Pacific lead by China, India, and South Korea will gain the maximum share in the coming years. Automotive industry expansion along with the large market potential for the refurbished industry will influence the regional industry growth. High investments from foreign companies to establish a manufacturing plant in South Asian countries may positively impact regional growth.

Backward integration in the value chain are key strategies

Arkema, PPG Industries, Akzo Nobel NV, Axalta Coating Systems, RPM International, Wacker Chemie AG, The Dow Chemicals Company, The Sherwin-Williams Company, BASF SE, Beckers Group, Kisco Limited, Cabot Corporation, Eastman Chemical Company, Bollig & Kemper, HMG Paints, Nippon Paint Holdings, Jotun, Kansai Nerolac Paints, Lord Corporation, H.B. Fuller Company, Shanghai Kinlita Chemical, Hempel A/S, Induron Protective Coatings, SIKA AG, and KCC Corporation are key identified players in the industry.

Browse the Report @ https://www.globalmarketestimates.com/market-report/global-automotive-protective-coatings-market-2848

Product Outlook (Revenue, USD Million, 2019-2026)

  • Epoxy
  • Polyurethane
  • Acrylic
  • Polyester
  • Alkyd
  • Others

Formulation Outlook (Revenue, USD Million, 2019-2026)

  • Water-Borne
  • Solvent-Borne
  • Powder Based
  • Others

Application Outlook (Revenue, USD Million, 2019-2026)

  • Exterior
  • Interior

End-Use Outlook (Revenue, USD Million, 2019-2026)

  • OEM
  • Aftermarket

Regional Outlook (Revenue, USD Million, 2019-2026)

North America                                                                                 

  • The U.S.
  • Canada

Europe

  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of the Middle East & Africa

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