Global $12.54 Billion Automotive Paints Market, 2016-2022 - Research and Markets

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Apr 06, 2017, 08:45 ET

DUBLIN, April 06, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Automotive Paints market - By Coat type, Technology, Texture type, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2015-2022)" report to their offering.

Global Automotive Paints market was 8.82 Billion USD in 2015 and is forecasted to reach $12.54 Billion by 2022 at a CAGR of 5.15% for the forecasted period.

Asia Pacific holds the largest share in Global Automotive Paints market followed by Europe. North America follows Europe in global automotive paints market share. Rising middle class and increasing disposable income are some of the major growth drivers for global automotive paints market in Asia Pacific region.

Increasing disposable incomes, rising middle class population in emerging countries, growing demand for automobiles, increasing R&D and Favourable economic and political scenario are major growth drivers in this industry. Additionally, stringent environmental regulations in North America and Europe are expected to drive the demand for waterborne coating and powder coatings.Fluctuating raw material prices and low-adoption rates of eco-friendly coatings in high-volume markets are some of the challenges in this industry.

North America is expected to overtake Europe in terms of market share due to increasing production of vehicles. North America and Europe are expected to have higher penetration of waterborne and powder coatings due to stringent environmental regulations. Tier-1 suppliers and OEMs are collaborating to reduce development costs and offer efficient technologies in paints market.

Key Topics Covered:

1. Research Methodology

2. Market Overview

3. Market Dynamics

4. Global Automotive Paints market Segmentation, Forecasts and Trends - by Revenue

5. By Coat type

Electrocoat
Primer
Basecoat
Clearcoat

6. By Technology

Solvent-Borne Coatings
Waterborne Coatings
Powder Coatings

7. By Texture type

Solid Texture
Metallic Texture

8. By Region

9. Vendor Market Share Analysis

10. Company Profiles

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

11. Industry Structure

For more information about this report visit http://www.researchandmarkets.com/research/tzv32c/global_automotive

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SOURCE Research and Markets