Global Automotive Paints Market to Grow at a CAGR of 4.5% by 2020 - Automotive Industry is Expected to Become an Excellent Opportunity & Growth Area for Thermal Spray - Research and Markets

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Mar 08, 2017, 08:45 ET

DUBLIN, Mar. 8, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Automotive Paints Market - Forecasts and Trends (2016 - 2021)" report to their offering.

The automotive paints market is expected to register a revenue worth $18 billion by the end of 2020, growing at a CAGR of 4.5% during the forecast period.

The market is driven by the paint manufacturers striving to offer cost-efficient and varied effective solutions without compromising on the performance of the paints through their wide portfolio product offerings. Suppliers are emphasizing on developing products to comply with the regulatory norms as well as catering to the changing preferences and needs of the consumers to remain competitive in the market. The growth of the market is also further characterized by increasing vehicle production and growing demands for carbon footprint technologies in the automotive paints market.

Nippon Paint, one of the leaders in automotive paints market devised and developed a polarized paint, Maziora recently, which changes colour depending on the angle from which it is viewed or from where the light highlights it. The paint is suitably used to re-paint automobiles or for a high-design paint for new vehicles and designer racing cars. Asia-Pacific is expected to be the largest market for automotive coatings, by 2020 owing to the large base of automotive industries in that region. It is also the fastest growing market during the forecast period, owing to the growing technological advancements and for recording the maximum number of vehicles produced coupled with the demand-driven dynamics within the region.

The automotive industry is expected to become an excellent opportunity and growth area for thermal spray especially in the powder coating technology. There is increased emphasis towards the reduction of harmful gases like carbon dioxide, particulate-matter, and nitrogen oxide emissions, along with the growing focus on enhancing fuel economy- as per Corporate Average Fuel Economy standards of the vehicle. As a result, they are consistently putting pressure on engine and automobile manufacturers to develop and utilize technologies, which aid in reducing emissions and improve the fuel economy of vehicles. Thereby, engine manufacturers are looking at thermal spray protective surface coatings for cylinders.

Companies Mentioned

3M Company
Akzonobel N.V.
Arkema SA
Axalta Coatings System
BASF SE
Bayer AG
Beckers Group
Berger Paints
Clariant AG
Kansai Paint Co
Matrix System Automotive Finishes
Nippon Paint
PPG Industries Inc.
Royal DSM NV
Solvay SA
Valspar Corporation

Key Topics Covered:

1. Introduction
2. Key Findings
3. Executive Summary
4. Market Overview And Technology Trends
5. Market Dynamics
6. Global Automotive Paints Market, By Coat Usage Type (Growth, Innovations And Usability)
7. Global Automotive Paints Market, By Formulation (Growth, Trends, Forecasts)
8. Global Automotive Paints Market, By Texture (Growth, Trends And Durability)
9. Global Automotive Paints Market, By Vehicle Type (Growth, Trends, Forecasts)
10. Global Automotive Torque Converter Market ,By Geography
11. Competitive Landscape
12. Key Vendor Analysis
13. Future And Investment Outlook
14. Disclaimer

For more information about this report visit http://www.researchandmarkets.com/research/8rkxdr/global_automotive

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SOURCE Research and Markets