Automotive Coatings Market is poised to document a value CAGR worth 7% from 2022 to 2032

Sales of automotive coatings amounted to US$ 16.3 Billion in FY 2021, and is forecast to experience a year-over-year expansion rate of 4.3% in 2022, reaching US$ 17 Billion.

Furthermore, the industry is poised to document a value CAGR worth 7% from 2022 to 2032, reaching a market value of US$ 33.44 Billion by the conclusion of the said period of assessment.

Between 2015 and 2021, demand for automotive coatings increased at a CAGR of 4.8%. The worldwide industry has been significantly hampered by the outbreak of the COVID-19 pandemic. This is due to travel restrictions and national lockdowns in certain places.

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Automotive Coatings Market – Scope of Report:

A latest publication by Fact.MR on the global Automotive Coatings market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2019-2029.

Important indicators for the successful growth of the Automotive Coatings market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Automotive Coatings supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Automotive Coatings supplements, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Positive Investment Flows to Expand Product Portfolio and Research & Development Initiatives of Stakeholders

A positive flow of investments from pharmaceutical giants is likely to propel the development of Automotive Coatingsand compounds. For instance, in year 2019, Ginkgo Bioworks, Inc. raised funds of more than US$$ 350 Mn through investments from several investors for the development of synthetic cannabinoids. This has helped them increase production capacity.

Market leaders in Automotive Coatingssuch as Noramco, Inc. CannBioRx Life Sciences, Hyasynth Biologicals, Inc. etc are developing Automotive Coatingsthrough novel techniques of synthesis. Moreover, these companies are shifting their focus on research and development of molecules through development of strains of microbes and yeast for biosynthesis of synthetic cannabinoid.

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Report benefits & key questions answered

• Post covid consumer spending on Monochloroacetic: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
• Automotive Coatings demand outlook: the market intelligence study reports highlights the factor propelling the demand for Cloud Telephony. As per the study, the demand for Automotive Coatings will grow through 2029.
• Automotive Coatings historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2019-2029.
• Automotive Coatings consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Automotive Coatings Market Segmentations:

• By Resin Type :

  • Acrylics-based Automotive Coatings
  • Fluoropolymers-based Automotive Coatings
  • Urethanes-based Automotive Coatings
  • Epoxy-based Automotive Coatings
  • Poly Alkyds-based Automotive Coatings
  • Amines-based Automotive Coatings

• By Vehicle Type :

  • Passenger Cars
  • Commercial Vehicles

• By Technology :

  • Water Borne Automotive Coatings
  • Solvent Borne Automotive Coatings
  • UV Cure Automotive Coatings

• By Coat Type :

  • Top Coat
  • Primer
  • Base Coat
  • Clear Coat

• By Region :

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

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