Automotive Coatings Market Size To Expand $36.31 Billion By 2025 | Grand View Research Inc.

Posted on 2019-07-29 by researchinsights in Chemicals // 0 Comments

San Francisco, United States, 2019-Jul-29 — /EPR Network/ —

The global automotive coatings market is expected to reach USD 36.31 billion by 2025, according to a new report published by Grand View Research, Inc. Surging demand for both passenger and commercial automobiles in emerging countries including China, India, Mexico, Brazil, and South Africa on account of population growth and developing living standards is expected to augment market size over the forecast period. Moreover, increasing requirement of protection against harsh climate, dust, dirt, UV radiation, and acid rain is expected to aid in industry expansion.

Growing number of accident in countries including India and Brazil owing to adverse road conditions in mountainous areas is anticipated to fuel the demand for these products over the upcoming years. Moreover, increasing requirement of maintenance, repair, and refurbishing work of old vehicles is expected to stimulate growth.

Rising consumption of powder coatings in light of its superior properties, such as near zero volatile organic compound emissions and thicker layer compared to conventional coatings, is expected to increase market size. Furthermore, continuous investments by manufacturers along with increasing number of manufacturing facilities in Brazil and China will drive growth over the forecast period.

To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/automotive-coatings-market

U.S. automotive coatings market revenue, by product, 2014 – 2025 (USD Million)

Further key findings from the report suggest:

The global automotive coatings industry demand was 5,902.7 kilo tons in 2015 and is expected to grow significantly on account of increasing vehicle production in rapidly emerging countries including China, Japan, India, Mexico, Brazil, South Korea, Brazil, and South Africa
Waterborne coatings market demand is anticipated to witness strong growth in light of stringent regulations pertaining to the usage of solvent borne technology. In addition, superior properties, such as corrosion resistance, flexibility, hardness, stain resistance, adhesion, low flammability, and toxicity, are expected to surge product demand over the next nine years.
North America contributed to 22.7% of the overall revenue share in 2015 and is estimated to witness growth on account of rising demand for pickup trucks and utility vehicles in the region
Central and South America is expected to see substantial revenue rise at a CAGR of 5.4% from 2016 to 2025 owing to increasing small car production in Brazil. Furthermore, large automobile manufacturers including General Motors, Volkswagen, and Hyundai have been shifting their base to the region owing to lower operation costs, which is likely to aid in market expansion.
The industry is highly competitive in nature, and manufacturers are involved in continuous product development and R&D activities. Manufacturers including Axalta Coating Systems, PPG Industries, BASF, Nippon Paint, AkzoNobel, and Kansai Paint are some of the key players in the market.
In April 2015, Axalta established a new R&D technology center in Shanghai to develop new products for the global commercial vehicle, light vehicle OEM, refinish and industrial customers

Related Reports on Paints, Coatings & Printing Inks:

Grand View Research has segmented the global automotive coatings market on the basis of product, technology, application, end-use, and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

Primer
Electro coat
Basecoat
Clear coat

Technology Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

Waterborne Coatings
Solvent borne Coatings
Powder Coatings
UV-cured Coatings

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

Metal Parts
Plastic Parts

End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

Light Vehicle OEM
Commercial Vehicle OEM
Automotive Refinish

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 – 2025)

North America
- U.S.
Europe
- Germany
Asia Pacific
- China
- India
Central & South America
- Brazil
MEA

For Press Release of This Research Report by Grand View Research:

https://www.grandviewresearch.com/press-release/global-automotive-coatings-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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