Automotive Coatings Market Set to Experience a Massive 4.44% CAGR During 2024-30

Global Automotive Coatings Market Overview:

MarkNtel Advisors has recently published a detailed research report on the Global Automotive Coatings Market. The report is specifically tailored to offer valuable insights and support for clients navigating this dynamic market. It focuses on key objectives such as predicting trends, gaining a profound understanding of market perspectives, identifying strategic investment opportunities, and evaluating potential business partners.

Automotive Coatings Market Insights and Analysis

The Global Automotive Coatings Market size was valued at USD 14.5 Billion in 2023 and is projected to grow at a CAGR of around 4.44% during the forecast period, i.e., 2024-30. Our comprehensive report provides a thorough examination of market players, opportunities, and valuable insights, equipping our clients with the indispensable information needed to make well-informed decisions within this dynamically evolving environment.

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Insights into Dominant Segments in the Automotive Coatings Market

By analysing each Segments, including

-By Application

Plastic-Parts
Metal-Parts

Of them, the metal parts segment holds a major market share owing to the rising application and consumption of metals for the production of automobiles. Metal parts traditionally constitute a larger portion of automotive construction, encompassing body panels, chassis components, and engine parts, thereby resulting in higher coating requirements. Moreover, metal surfaces of cars, trucks, and other vehicles often undergo more rigorous conditions, such as exposure to harsh weather, road debris, and corrosion, necessitating robust and durable coatings for protection creating the need for Automotive Coatings in metal parts and proliferating the segment growth.

-By Product

Primer- Market Size & Forecast 2019-2030F (Thousand Tons)
E-coat- Market Size & Forecast 2019-2030F (Thousand Tons)
Basecoat- Market Size & Forecast 2019-2030F (Thousand Tons)
Clearcoat- Market Size & Forecast 2019-2030F (Thousand Tons)

-By Technology

Waterborne Coatings- Market Size & Forecast 2019-2030F (Thousand Tons)
Solventborne Coatings- Market Size & Forecast 2019-2030F (Thousand Tons)
Powder Coatings- Market Size & Forecast 2019-2030F (Thousand Tons)
UV-Cured Coatings- Market Size & Forecast 2019-2030F (Thousand Tons)

-By Resin Type

Polyurethane- Market Size & Forecast 2019-2030F (Thousand Tons)
Epoxy- Market Size & Forecast 2019-2030F (Thousand Tons)
Acrylic- Market Size & Forecast 2019-2030F (Thousand Tons)
Others- Market Size & Forecast 2019-2030F (Thousand Tons)

-By End-Users

OEMs- Market Size & Forecast 2019-2030F (Thousand Tons)
Refinish- Market Size & Forecast 2019-2030F (Thousand Tons)

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Automotive Coatings Market Geographical Reach:

The Automotive Coatings Market Geographical Reach assesses the distribution and prominence of consumption, highlighting regions that dominate in terms of market size, volume, and promising future growth prospects.

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Clients can concentrate their investments on the segments that present the most favourable prospects. This strategic methodology empowers clients to fine-tune their investment portfolio and attain enduring growth within the Automotive Coatings market.

Current Landscape of Automotive Coatings Market

The key players profiled in the research report are

Asian Paints Limited
Berger Paints India Limited
Kansai Nerolac Paints Ltd
AkzoNobel India Ltd
BASF India Limited.
Jenson & Nicholson Paints Private Limited
Nippon Paint (India) Private Limited
Sheenlac Noroo Coatings India Private Limited
Esdee Paints Ltd
Taralac
Others

In light of the ongoing rapid transformations within the Automotive Coatings market, retaining a strategic advantage is paramount for both businesses and investors. At MarkNtel Advisors, we exactly identify and study every notable player, taking into account their recent product launches, mergers, acquisitions, and collaborations. This thorough analysis assists our clients in making more accurate projections and staying competitive in the market.

Automotive Coatings Market Future Prospects

The outlook for Automotive Coatings appears favourable in terms of both revenue share and sales, as evidenced by the market trends. Anticipating continued robust growth over the next five years, market participants are expected to further bolster their portfolios by harnessing technological advancements within the industry. Adding to the market’s attractiveness is the widespread application of the product/service across various end-users, allowing market players to establish a solid presence across continents.

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Global Automotive Coatings Industry Recent Development:

2024: BASF SE announced the expansion of its e-coat production facility in Mangalore, India. E-coat is used to secure a car’s body from corrosion.
2023: PPG Industries., announced the launch of GLADIATOR XC Matte Extreme coating which is a low-gloss urethane protective coating that can be utilized in various industries including automotive.

Frequently Asked Questions

What predictions can be formulated concerning market share, product accessibility, and the demand from consumers?

What pivotal factors are influencing the dynamics of the Automotive Coatings Market?

What lies ahead in terms of future opportunities for the Automotive Coatings Market?

What obstacles are businesses encountering as they navigate the Automotive Coatings Market?

Who are the prominent players driving developments in the Automotive Coatings Market?

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