A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Automotive
OEM Coatings
Market. The
study, titled “Automotive
OEM Coatings Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Coatings
used in automobiles to protect the underlying metal or synthetic body
panels from harsh environments are referred to as automotive
coatings. Initially, chromium, lead, and other heavy metals were
employed in these coatings. However, with the introduction of various
environmental regulations, the use of toxic chemicals has been
prohibited, which has resulted in a switch to water-based coatings.
Growing demand from passenger cars and light commercial vehicles is
expected to boost the need for automotive OEM coatings in the near
future.
Browse
Market Research Report @
Based
on application, the automotive OEM coatings market has been divided
into the following segments: passenger cars, light commercial
vehicles, and heavy commercial vehicles. Passenger cars accounted for
a significant share in the global market due to the surge in vehicles
in the tourism industry. This segment offers the maximum potential in
the automotive OEM coatings market owing to the rising global demand
for passenger cars & general utility vehicles, escalating public
transportation expenditure, and increasing consumer inclination
toward efficient & easy transportation, thereby boosting the
overall demand for automotive OEM coatings in the passenger cars
segment. On the basis of type, the market has been classified into
the solvent-borne, waterborne, and powdered categories. In 2015,
solvent-borne coatings constituted a significant share in the global
market due to the growing demand for a smooth surface finish.
Geographically,
the global automotive OEM coatings market has been distributed over
Asia Pacific, North America, Europe, Middle East & Africa, and
Latin America. Asia Pacific was a major market in 2015 and is
estimated to expand due to the burgeoning automotive OEM industry.
The water-borne sector is anticipated to register a high growth rate
over the forecast period due to stringent regulations on VOC
emissions.
Developments
in the automobile sector are also likely to fuel the need for
automotive OEM coatings in Asia Pacific in 2015. Their use in light
commercial vehicles has witnessed a major rise on account of the
constantly rising per capita disposable incomes and the subsequent
demand for commercial utility vehicles. China and the U.S. are
predicted to hold major shares in the automotive OEM coatings market
in Asia Pacific and North America respectively. The market is
predicted to witness a shift from developed countries to the
developing economies of Asia due to the fewer stringent environmental
regulations in the latter. The automotive OEM coatings market in
China and India is projected to register a high growth rate due to
advancements in end-use sectors, technological developments, and new
innovative products launched in these countries, thereby creating a
huge demand for the product in Asia Pacific over the forecast period.
The
global demand for automotive OEM coatings is poised to rise
significantly in the near future, offering immense growth
opportunities for the market. The rapid surge in the product’s
end-use applications, competitive manufacturing costs, and high
economic growth rates are propelling the automotive OEM coatings
market in Asia Pacific. These factors are attracting companies to
adopt expansion and R&D strategies in the region to meet the
global demand. Market players are focusing on Asia Pacific to gain
substantial market shares. Several producers are shifting their
plants to China and India due to the high demand and low raw material
and labor costs in these countries. Developments in various end-use
sectors in the region have fuelled the requirement for the product
during the forecast period.
Get
accurate market forecast and analysis on the Automotive OEM Coatings
market. Request a sample to stay abreast on the key trends impacting
this market@
Key
players operating in the global automotive OEM coatings market
include Beckers Group, Cabot Corporation, Berger Paints, Eastman
Chemical Company, Valspar Corporation, Clariant AG, Deft, Inc., Jotun
A/S, Royal DSM, Lord Corporation, and Solvay S.A.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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Us
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