© 2016 Global Market Insights, Inc. USA. All Rights Reserved Global Automotive Paints and Coatings Market to grow at 8% CAGR till 2025: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Automotive Paints & Coatings Market growth is propelled by rising automobile sales along with increasing consumer preference towards improved vehicle aesthetics of the vehicle. The benefits offered by the paints including protection to the vehicle base material from corrosion along with improved finishes further expands the market. Additionally, the proliferating vehicle customization alternatives based on color and graphic schemes further accelerates the business share. Automotive Paints & Coatings Market  Increasing preference for refurbishment and repair services owing to rising cases of accidents and crashes are boosting the revenue generation. Additionally, customers prefer to restore their vehicles to the original aesthetic and working condition, thereby accentuating the market over the study timeframe.  Industry players are continuously investing in R&D for developing advanced environmentally friendly paints with focus on minimizing the VOC content. Moreover, major automobile OEMs are continuously innovating their product portfolio with improved paints and coatings with a focus on superior body finishes, minimizing the occurrence of scratches and color fading. Industry Overview

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Advancements in paint technologies including anti-finger print paint finishes, anti-glare coatings, transparent protective coatings and superior UV protection are boosting the market over the projected timeframe. Moreover, increasing adoption of dual coat technologies offering improved corrosion resistance along with smooth surface finish, thereby providing a positive outlook for the market expansion over the study timeframe.  Passenger cars will grow considerably in the automotive paints & coatings market over the study timeframe. The growth can be attributed to the availability of a wide vehicle model range across diversified price range. The availability of easier vehicle financing alternatives along with discounts offered by vehicle manufacturers in festive seasons to increase their sales are further supporting the market demand. Additionally, the entry of new players in the market are supporting the revenue generation over the projected timeframe.  Clear coat automotive paints & coatings market will showcase considerable growth owing to benefits offered by this coat in protecting primer and base coats from adverse environmental conditions. The clear coat is non pigmented and offers superior mirror finish and glossy appearance to the vehicles. Additionally, the coat is also mixed with UV blockers to protect the base coat from harmful sun rays that fades the paint. Industry participants are continuously upgrading their portfolio for improving their market share.. Continue…

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Automotive Paints and Coatings Market

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Polyurethanes will hold considerable share in the automotive paints & coatings market owing to enhanced resistance to chemical and weathering conditions. The improved corrosion resistance and durable properties increases the polyurethane coatings usage in heavy commercial vehicles (HCV). Paint manufactures are launching new premium quality products for HCVs to increase their revenue.  Europe will showcase significant growth in automotive paints & coatings market owing to stringent vehicle paint regulations. The limiting usage of VOC based paints and development of wide water-borne paints and coatings are boosting the product penetration across the region. Moreover, the presence of multiple automobile OEMs focusing on offering a wide range of vehicles with diversified paint schemes at varied costs further accelerates the regional share over the study timeframe.  Major automotive paints & coatings market players include Eastman, Nippon Paints Holdings Co. Ltd., Cabot Corp, Covestro, Dupont, PPG Industries Inc, and BAFS SE. The other notable participants are Axaltra Coating Systems, Donglai Coating Technology, Akzo Nobel NV, Wanda refinish, Valspar, and Clariant AG. Continue…

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