© 2016 Global Market Insights, Inc. USA. All Rights Reserved Automotive Paints & Coatings Market to exceed $27.5 Bn by 2025: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Automotive Paints & Coatings Market to surpass USD 27.5 billion by 2025; Rising vehicle production coupled with rising consumer preference towards dual color alternatives are driving the automotive paints & coatings market share. Industry players are investing in technologies and finishes to give customers alternatives for customizing their vehicles. Additionally, scratch resistance along with improved gloss finishing and corrosion resistance are gaining significant traction in the market Automotive Paints & Coatings Market  Growing customer expectations primarily with respect to sustainability, durability and aesthetics of vehicles are enabling automobile OEMs to develop new color combinations and solutions. Paint manufacturers are collaborating with automobile OEMs to reduce toxic substances in paints. The development of water-borne products with reduced volatile organic compounds (VOC) emission eliminates the toxic gas emission during painting, thereby promoting worker safety.  Industry participants are collaborating and continuously investing in R&D for developing advanced paint technologies for increasing the market share. For instance, in 2018, BASF entered into a joint venture with Sirrus for developing high performance automotive coatings based on the methylene malonate technology. These coatings contribute significantly towards lowering emissions and offer smooth finish in vehicles. Industry Overview

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Light commercial vehicle (LCV) automotive paints & coatings market share will witness around 3% CAGR owing to increasing sales of light commercial vehicles across the globe. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA) production of LCV in 2018 was 21,072,296 units accounting for an increase of around 4.2% as compared to 2017  Primer coating will account for a significant share in the automotive paints & coatings market. This can be attributed to the superior corrosion and scratch protection offered by primers. Additionally, these coatings also offer significant UV ray protection along with enhanced protection against stone chipping.  The growth in the waterborne automotive paints & coatings market share can be credited to the stringent rules and regulations pertaining to the reduction of VOCs in automotive paints and coatings. Additionally, the presence of minimum toxic materials along with lower flammability compared to solvent based paints further expands the segment size. Additionally, higher gloss polish along with durable finishing over long period further expands the segment growth from 2019 to Continue…

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. Automotive Paints & Coatings Market, By Vehicle, 2018 & 2025, (USD Million)

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Industry Coverage

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  OEM is expected to hold dominance in automotive paints & coatings market size over the study timeframe. The dominance can be attributed to rising vehicle demand across the globe. Industry participants are collaboratively working with automotive manufacturers to minimize energy consumption and CO2 emission from paint application activities.  Asia Pacific automotive paints & coatings market witness significant growth over the forecast timeframe. This can be attributed to the improving economic conditions, rising disposable income along with higher requirement for personal mobility solutions.  Few of the industry participants in the automotive paints & coatings market include Nippon Paint Holdings Co. Ltd, Covestro, Cabot Corp, Eastman, PPG industries Inc, Dupont, and BASF SE. Other notable players include Wanda Refinish, Axaltra Coating Systems, Donglai Coating Technology, KCC Corporation, Akzo Nobel NV, Clariant AG, and Valspar Continue…

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