Automotive Coatings Market: Material Constraints Ebb Smart Coatings Development

Posted on 2019-06-17 by Mark Hub in Internet & Online // 0 Comments

Rockville, USA, 2019-Jun-17 — /EPR Network/ —

This report on the automotive coatings market is an exhaustive compilation of actionable and valuable insights. The report offers an in-depth assessment on the automotive coatings market, which incorporates study on important dynamics including growth drivers, restraints, trends, and opportunities for the automotive coatings market. Size of the automotive coatings market has been evaluated for the historical period (2013-2017) and forecast period (2018-2027), and has been delivered in terms of value (US$ Bn) and volume (tons). The report also offers a detailed analysis and forecast on key segments and the competitive landscape of the automotive coatings market.

The car painting industry has witnessed tremendous changes through materials and processes development championed by the evolution of manufacturing technology from the beginning of the 20^th century until today. The emergence of mass production demanding better film performance with respect to corrosion and durability of colors; faster curing paints; enhanced environmental compatibility and thorough automated processes for excellent reliability signify the essential milestones in car painting industry.

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Lethal chemicals and additives have been tested exhaustively during the last three decades. Several products have been scrapped either by legislation or by the car manufacturers. Accordingly, worthwhile steps have been made by the introduction of waterborne base coat. The use of waterborne coating has contributed immensely to the reduction of solvent emissions in automotive OEM coating. According to the study, close to 6 in 10 tons of automotive coating sold worldwide were waterborne coating in 2018 itself.

Top Players Hold Nearly 40% Share, Market Remains Splintered at the Brink

Top 5 companies in the automotive coatings market will continue to hold nearly two-fifth market share, with an average revenue range of US$ 5Bn to US$ 8 Bn. This further implies a high consolidation of the automotive coatings market at the brim, whereas a splintered nature at the brink. Robust sales infrastructure, sound operations and established global presence continue to retain buoyancy of Tier 1 players in the automotive coatings market. While product developments and innovations are key strategies adopted by leading automotive coatings manufacturers, small and mid-sized companies are increasingly focusing on the introduction of new products, collaborations with leading players and suppliers to strengthen their manufacturing capabilities and distribution, as key expansion strategies.

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Material Constraints Ebb Smart Coatings Development

Focus on smart coatings in the automotive industry has been increasing in tandem with the use of low-temperature cure coating system, wherein the process requires modification into complete coating system. This further ensures all coating layers to be entirely cured at set specific temperature. Technology of low temperature curing, faster drying, along with high gloss has recently witnessed permeation in the bus and truck manufacturing. Key attributes of smart automotive coatings such as self-cleaning & self-healing, and solar reflective functionalities are expected to further drive their penetration into the industry.

Automotive Coatings Market: Competitive Landscape

Key players profiled in the report include Nippon Paint (USA), Benjamin Moore & Co., Behr Process Corp., Kansai Paint Co. Ltd., BASF Coatings, Axalta Coating Systems, Nippon Paint Holdings Co., RPM International Inc., The Sherwin-Williams Co., AkzoNobel, and PPG.

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