Global Automotive Paints Market Size, Share, Major Players, Opportunity, Growth, Trends, and Forecast Period 2018 to 2023

Orbisreserach.Com adds “Global Automotive Paints Market-Growth, Trends, and Forecast (2018-2023)” To Its Research Database

Dallas, United States - May 17, 2018 /MarketersMedia/ —

The Global Automotive Paints and Coatings Market has been estimated at USD 19 billion in 2017 and is expected to grow at a CAGR of 5.5% during the forecast period, 2018 - 2023.DuPont, PPG industry, Nippon Paint, and 3M have been estimated to be the market leaders in the automotive paints market in 2017. The market is driven by the paint manufacturers endeavoring to offer cost-efficient and varied effective solutions without compromising on the performance of the paints through their wide portfolio of product offerings. The growth of the market is characterized by increasing vehicle production, growing demand for carbon footprint technologies in the automotive paints market, and changing weather conditions.

Companies Mentioned:
3M, Akzonobel NV, Arkema Group (Bostik SA), Axalta Coatings Systems, BASF SE, Beckers, Berger Paints India Ltd, Clariant Ag, Kansai Nerolac Paints Ltd., DuPont, Nippon, PPG Industries, Royal DSM NV, Solvay S.A, Valspar

Get Sample Copy of this report @ http://orbisresearch.com/contacts/request-sample/2128286

Asia-Pacific is expected to be the largest market for automotive coatings by 2023, owing to the large production capacity of automotive industries in that region. It is also projected to be the fastest growing market during the forecast period because of the growing technological advancements. The region also recorded the maximum number of vehicles produced, owing to its demand-driven dynamics. The African automobile industry is said to be in its growing phase and its growth will be directly proportional to the increased automotive paint demand.

There is an increased emphasis on the reduction of carbon dioxide, particulate matter, and nitrogen oxide emission, along with the growing focus on increasing fuel economy, as per Corporate Average Fuel Economy standards. Therefore, paint manufacturers should develop solutions to reduce the emissions.

Undertaking New Technology
The automotive industry and engine manufacturers are expected to become an excellent growth area for thermal spray, especially in the powder coating technology. Engine manufacturers are looking at thermal spray protective surface coatings for cylinders. Also, powder coatings are a non-toxic, dry-finishing process used to provide a protective finish, primarily used in metals and aluminum products in automobile and motorcycle parts. The process creates a hard finish tougher than that of conventional paints and is used to protect from rust and provide a great amount of chemical resistance. Powder coatings are an increasingly popular finish for many automotive components, primarily as a result of being solvent-free. The automotive industry coats springs, bumpers, wheel, louvers, and frames, and some manufacturers are increasingly using powder coatings for primer and final body finish.

In the technology segment, the waterborne and powder coatings segments are expected to show the maximum growth rate, with waterborne solvents leading the market comprehensively by 2022. This is largely because solvent-based coatings are banned in most countries since they have proven to be ecologically harmful.

Key Developments
Nippon Paint, one of the leaders in the automotive paints market, has devised and developed a polarized paint, Maziora that changes color 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 as a high-design paint for new vehicles and designer racing cars.
Nippon Paint created an advanced, brighter, stronger shade of soul red, its latest color developed in cooperation with Mazda, balancing quality and design with workability performance.
Cathodic Electro-Deposition (CED) paint is one of the latest developments in providing the vehicle utmost protection against diverse climatic conditions. This electro deposition system acts as an anti-rust primer and also works effectively as an anti-corrosion agent. The market is expected to remain competitive in the presence of many players.

Major Players: AXALTA COATINGS, SOLVAY SA, PPG INDUSTRIES, DUPONT, 3M, amongst others

Buy a report @ http://orbisresearch.com/contact/purchase/2128286

Reasons to Purchase the Report
Provides latest insights into the automotive paints market
Gives a detailed analysis of key competitors in the automotive paints market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Detailed analysis on the region that is expected to witness the highest growth
Identify the latest developments, market shares, and strategies employed by the major market players
3 month analyst support, along with the Market Estimate Sheet (in Excel)

Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your need.

Table of Content:
1. Introduction
1.1 Study Deliverables
1.2 General Study Assumptions

2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology

3. Executive Summary

4. Market Overview and Technology Trends
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter's Five Forces Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Competitive Rivalry

5. Market Dynamics
5.1 Drivers
5.1.1 Increasing Vehicle Production and Sales
5.2 Restraints
5.2.1 Environment Issues
5.2.2 Increasing Raw Material Cost
5.3 Opportunities
5.3.1 The Asia-Pacific Region
5.3.2 Polarized Paint

6. Global Automotive Paints Market Segmentation, by Coat Usage Type
6.1 Primer
6.2 Clear Coat
6.3 Basecoat
6.4 Metallic Paint
6.5 Nonmetallic Paint
6.6 Others

7. Global Automotive Paints Market Segmentation, by Formulation
7.1 Solvent-Borne Coatings
7.2 Water-Borne Coatings
7.3 Powder Coatings

8. Global Automotive Paints Market Segmentation, by Vehicle Type
8.1 Passenger Vehicles
8.2 Commercial Vehicles
8.3 Two-Wheelers

9. Global Automotive Paints Market Segmentation, by Geography
9.1. North America
9.1.1 United States
9.1.2. Canada
9.1.3. Mexico
9.1.4 Rest of North America
9.2. Asia-Pacific
9.2.1. China
9.2.2. Japan
9.2.3. India
9.2.4. Australia
9.2.4. Rest of Asia-Pacific
9.3. Europe
9.3.1. Germany
9.3.2. United Kingdom
9.3.3. France
9.3.4 Italy
9.3.4. Rest of Europe
9.4. South America
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Rest of South America
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 Iran
9.5.3 South Africa
9.5.4 Rest of Middle East & Africa

10. Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis

11. Company Profile
11.1 3M
11.2 Akzonobel NV
11.3 Arkema Group (Bostik SA)
11.4 Axalta Coatings Systems
11.5 BASF SE
11.6 Beckers
11.7 Berger Paints India Ltd
11.8 Clariant Ag
11.9 Kansai Nerolac Paints Ltd.
11.10 DuPont
11.11 Nippon
11.12 PPG Industries
11.13 Royal DSM NV
11.14 Solvay S.A
11.15 Valspar

12. Outlook of the Market

13. Disclaimer

About Us:
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Info:
Name: Hector Costello
Organization: Orbis Research
Address: 4144N Central Expressway, Suite 600, Dallas, Texas - 75204, U.S.A.
Phone: +1 (214) 884-6817; +912064101019

Source URL: https://marketersmedia.com/global-automotive-paints-market-size-share-major-players-opportunity-growth-trends-and-forecast-period-2018-to-2023/346458

For more information, please visit http://orbisresearch.com/reports/index/global-automotive-paints-market-growth-trends-and-forecast-2018-2023

Source: MarketersMedia

Release ID: 346458

Latest News

China's Xiaomi plans to raise up to $6.1 billion in Hong Kong IPO: sources

Jun 20, 2018

By Fiona Lau and Julie ZhuHONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be one of the biggest tech floats globally of recent years.Xiaomi, which also makes internet-connected devices, plans to sell about 2.18 billion shares in its initial public offering (IPO) at a price range of HK$17 to HK$22 ($2.17 to $2.80) each, said the people, who declined to be identified as the information was not public.The company plans to bring in eight...

World Cup games to air on free TV amid problems in Australia

Jun 20, 2018

SYDNEY — Rather than risk further outrage from football fans, rights holders in Australia have agreed to keep sharing World Cup matches with free-to-air TV until the end of the group stage. Telecommunications company Optus bought the broadcast rights for most World Cup games in Russia but technical issues with the live streaming in Australia caused a major backlash from subscription buyers — to the point where the prime minister had to intervene. The SBS network, which retained the broadcasting rights for Australia's games and the World Cup final under a sharing agreement with Optus for the 2018 tournament, initially...

ZTE's Hong Kong shares rise after clarification of U.S. bill impact

Jun 20, 2018

By Sijia JiangHONG KONG (Reuters) - Shares of China's ZTE Corp rose as much as 18 percent in Hong Kong on Wednesday as the impact of a U.S. Senate bill that threatens to restore penalties on the company became clearer.In clarification announcements during the noon trading break, ZTE said a National Defense Authorization Act (NDAA) passed by the U.S. Senate on Monday would restore penalties on the company, but the bill would only become law if it could be reconciled with a different version passed by the House of Representatives and signed by U.S. President Trump.That echoed what the White...

Survey: Companies in China feel pressure to give up tech

Jun 20, 2018

BEIJING — One in five foreign companies in China feels compelled to hand over technology for market access, a business group said Wednesday, highlighting a key irritant in an escalating U.S.-Chinese trade dispute. The European Union Chamber of Commerce in China's report follows President Donald Trump's order for tariffs on additional Chinese goods in response to complaints Beijing steals or pressures companies to hand over technology. Out of 532 European companies that responded to a survey, 19 percent "felt compelled to transfer technology in exchange for market access" despite Chinese assurances that it isn't required, the chamber said. "China has...

Australia's Telstra slashes jobs as 'tipping point' forces strategic reset

Jun 20, 2018

By Tom WestbrookSYDNEY (Reuters) - Australia's largest telecom firm Telstra Corp Ltd said it would cut a quarter of its workforce and flagged asset sales on Wednesday, as competition and new technology crush its mainstay fixed-line businesses and force a strategic reset.It will shed 8,000 employees and contractors from a workforce of 32,000 to save A$1 billion ($738 million), drop underperforming products and separate assets it values at A$11 billion from the rest of the firm.It also flagged a fall in 2019 earnings to between A$8.7 billion and A$9.4 billion, excluding restructuring costs of about A$600 million, having already warned...

Sign up now!