DUBLIN, April 05, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Automotive Coatings market - By Resin Type, Technology, Coat type, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2015-2022)" report to their offering.
The market demand for coatings was 3,437.2 kilo tons in 2015 and is expected to exceed 5,000 kilo tons by 2022, growing at a CAGR of over 5.5% for the forecasted period.
Geographically, global automotive coatings market is segmented into North America, Europe, Asia-Pacific and LAMEA regions. Asia-Pacific region is the largest consumer and accounts for more than 35% of the global consumption.Even though Europe is presently the second-largest market in the world, North America is predicted to surpass it in the coming years owing to a significant boost in the production of vehicles.
The global automotive coatings market is projected to grow at a healthy rate during the forecast period owing to growing demand for vehicles, development of transportation infrastructure and rapid economic growth. Ongoing product development and rising research and development investments are likely to boost the growth. However, volatile nature of raw material prices and harmful environmental impact of conventional solvent-borne coatings and related government policies are a serious constraint to this industry.
The market is mainly dominated by six participants including BASF, Axalta Coating Systems, Jotun A/S, PPG Industries, Kansai Paint, Nippon Paint and AkzoNobel.Bayer AG provides environmentally friendly systems that can reduce emissions up to 90%.Axalta Coating Systems' known for its waterborne coatings has launched its Nason Finishes refinish brand in Russia. Kansai Nerolac Paint has reported 28.5% increase in net profit at Rs.84.4 crore for the quarter ended December 2015.
Key Topics Covered:
1. Research Methodology
2. Market Overview
3. Market Dynamics
4. Global Automotive Coatings market Segmentation, Forecasts and Trends - by Revenue
5. By Resin type
6. By Technology
7. By Coat Type
8. By Region
9. Vendor Market Share Analysis
10. Company Profiles
11. Industry Structure
- Akzonobel N.V.
- Arkema SA
- Axalta Coatings System LLC
- BASF SE
- Bayer AG
- Kansai Paint Co., Ltd.
- Nippon Paint Holdings Co., Ltd
- PPG Industries Inc.
- Solvay SA
- Valspar Corporation
For more information about this report visit http://www.researchandmarkets.com/research/4k3vcf/global_automotive
Laura Wood, Senior Manager
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SOURCE Research and Markets