Press release
Automotive Paints Market Impressive Gains Including Key Players: BASF SE, PPG, Akzo Nobel N.V, Axalta Coating Systems
Allied Market Research published a report, titled, "Automotive Paints Market by Coating (Primer, Base Coat, Clear Coat, and Electrocoat), Texture Type (Solid, Metallic, Pearlescent, and Others), Technology (Waterborne Coatings, Solvent-borne Coatings, and Powder Coatings), and Vehicle Type (Passenger cars, Light Commercial Vehicle, and Heavy Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global automotive paints industry garnered $8.78 billion in 2018, and is expected to generate $12.34 billion by 2026, growing at a CAGR of 4.2% from 2019 to 2026.
Browse Full Report with TOC @
https://www.alliedmarketresearch.com/automotive-paints-market
Drivers, restraints, and opportunities
Considerable upsurge in automobile production and rise in demand in eco-friendly and innovative automotive paints drive the global automotive paints market. However, significant increase in prices of raw materials hinder the market growth. On the other hand, manufacturing of eco-friendly and cheaper automotive paints would create new opportunities in the market.
Download PDF Sample Report: https://www.alliedmarketresearch.com/request-sample/686
The clear coat segment to maintain its dominance throughout the forecast period
Based on coating, the clear coat segment held the largest market share in the global automotive paints market, contributing to nearly two-fifths of the total market share in 2018, and is estimated to maintain its dominance throughout the forecast period. This is due to its ability to provide easy adherence to the flexible components such as plastic bumper. However, the base coat segment is estimated to register the fastest CAGR of 5.9% from 2019 to 2026, owing to rise in preferences of consumers for innovative automotive paints.
The solvent borne coatings segment to maintain its leadership status by 2026
Based on technology, the solvent borne coatings segment contributed to nearly three-fourths of the total share of the global automotive paints market in 2018, and is estimated to maintain its leadership status during the forecast period. This is attributed to its less susceptibility to the environment conditions including temperature and humidity during the curing phase. However, the powder coatings segment is expected to grow at the fastest CAGR of 7.4% from 2019 to 2026, owing to its ability to be durable, environment friendly, and pose less health hazards.
LAMEA to grow at the fastest rate, North America to follow
Based on region, LAMEA is expected to portray the largest CAGR of 8.2% from 2019 to 2026. However, North America would register the second-highest growth rate, with a CAGR of 7.3% during the forecast period. On the other hand, Asia-Pacific held the highest market share in 2018, contributing for more than half of the global automotive paints market, and will maintain its dominant position in terms of revenue during the forecast period. This is due to surge in production of automobiles and rise of automotive industry.
Purchase Enquiry Report: https://www.alliedmarketresearch.com/purchase-enquiry/686
Leading market players
BASF SE
PPG
Akzo Nobel N.V.
Axalta Coating Systems, LLC
The Sherwin-Williams
Kansai Paint Co., Ltd.
Nippon Paint Holdings Co., Ltd.
DuPont
Clariant
Solvay
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Browse Full Report with TOC @
https://www.alliedmarketresearch.com/automotive-paints-market
Drivers, restraints, and opportunities
Considerable upsurge in automobile production and rise in demand in eco-friendly and innovative automotive paints drive the global automotive paints market. However, significant increase in prices of raw materials hinder the market growth. On the other hand, manufacturing of eco-friendly and cheaper automotive paints would create new opportunities in the market.
Download PDF Sample Report: https://www.alliedmarketresearch.com/request-sample/686
The clear coat segment to maintain its dominance throughout the forecast period
Based on coating, the clear coat segment held the largest market share in the global automotive paints market, contributing to nearly two-fifths of the total market share in 2018, and is estimated to maintain its dominance throughout the forecast period. This is due to its ability to provide easy adherence to the flexible components such as plastic bumper. However, the base coat segment is estimated to register the fastest CAGR of 5.9% from 2019 to 2026, owing to rise in preferences of consumers for innovative automotive paints.
The solvent borne coatings segment to maintain its leadership status by 2026
Based on technology, the solvent borne coatings segment contributed to nearly three-fourths of the total share of the global automotive paints market in 2018, and is estimated to maintain its leadership status during the forecast period. This is attributed to its less susceptibility to the environment conditions including temperature and humidity during the curing phase. However, the powder coatings segment is expected to grow at the fastest CAGR of 7.4% from 2019 to 2026, owing to its ability to be durable, environment friendly, and pose less health hazards.
LAMEA to grow at the fastest rate, North America to follow
Based on region, LAMEA is expected to portray the largest CAGR of 8.2% from 2019 to 2026. However, North America would register the second-highest growth rate, with a CAGR of 7.3% during the forecast period. On the other hand, Asia-Pacific held the highest market share in 2018, contributing for more than half of the global automotive paints market, and will maintain its dominant position in terms of revenue during the forecast period. This is due to surge in production of automobiles and rise of automotive industry.
Purchase Enquiry Report: https://www.alliedmarketresearch.com/purchase-enquiry/686
Leading market players
BASF SE
PPG
Akzo Nobel N.V.
Axalta Coating Systems, LLC
The Sherwin-Williams
Kansai Paint Co., Ltd.
Nippon Paint Holdings Co., Ltd.
DuPont
Clariant
Solvay
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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