DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Automotive Coating Market - Global Forecast to 2021" report to their offering.
The global automotive coating market size is estimated to reach USD 16.24 billion by 2021, registering a CAGR of 7.02% between 2016 and 2021. Demand for different color & texture, enhancement of sales supportive policies, and increasing purchasing power parity (PPP) in emerging economies is driving the automotive coating market.
Basecoat is the third layer applied to a car's body after e-coat and primer layer. Basecoat is the fastest-growing segment among all the coat type considered. The growth is high as new and innovative technologies are being developed by automotive coating manufacturers. For instance, in new integrated system, the primer layer is omitted and is replace with two layers of basecoat. One layer of basecoat absorbs UV radiation and other is advanced basecoat. This kind of technological developments are expected to drive the basecoat segment in the automotive coating market.
Asia-Pacific is the fastest-growing market for automotive coating, in terms of both value and volume. High economic growth rate, growing purchasing power, developing infrastructure, increasing demand from end-use industries, and global shift in production capacity from developed markets to emerging markets are the major factors leading to the growth of the automotive coating market in this region.
- Akzonobel N.V.
- Axalta Coating Systems
- BASF SE
- Jotun A/S
- KCC Corporation
- Kansai Paint Co., Ltd
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- The Valspar Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Automotive Coating Market, By Resin Type*
8 Automotive Coating Market, By Technology*
9 Automotive Coating Market, By Coat Type*
10 Automotive Coating Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/zbxmv6/automotive