Coating refers to a layer or a covering applied to the surface of an object, usually referred to as a substrate. The coatings are used in decorative and functional purposes. Specialty coatings are coatings that deliver performance as per the need of applications. They serve as a topcoat, primer and self-priming. Automotive specialty coatings are coatings that are applied on the surface of a variety of vehicle components and systems for protecting them against corrosion. They also offer better performance when in high temperature. These coatings proffer benefits such as fire & temperature resistance, antireflection, sealing, adhesive properties, enhanced corrosion and temporary protection.
An upsurge in the consumer expectations regarding longer service life, high performance and better corrosion resistance from vehicular coatings, increases the demand for specialty coatings in the automotive industry. This leads to the expansion of the automotive coatings market. The ability of the automotive specialty coatings to reduce the time and operating costs involved in production also act as a driver, driving the growth of the market. Stringent environmental regulations regarding specific limits on volatile organic compounds, together with a rise in raw material prices, obstructs the fruitful growth of the market. Increase in the sale of premium vehicles and incrementing investments for the production of eco-friendly specialty coatings solutions will propel the growth of the automotive specialty coatings market in the years to come.
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Major Automotive Specialty Coatings market Players:
Additional Cps, Axalta Coatings System, BASF SE, Berlac AG, Covestro, Decc Company, Kansai Paint, KCC Corporation, Lord Corporation, Sherwin-Williams
The "Global Automotive Specialty Coatings Market Analysis to 2027" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive Specialty Coatings market with detailed market segmentation by nature, application, sales channel and geography. The global Automotive Specialty Coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive Specialty Coatings market players and offers key trends and opportunities in the market.
The global automotive specialty coatings market is segmented on the basis of technology, substrate, resin type, ice vehicle type, electric & hybrid vehicle, application and geography. On the basis of technology the market classify into solvent-borne, water-borne and powder coatings. On the basis of substrate the market is divided into metal, plastics and others. The market on the basis of resin type is broken into polyurethane, epoxy, acrylic and others. As per ice vehicle type, the market is bifurcated into passenger car, light commerical vehicle, trucks and buses. On the basis of electric and hybrid vehicle the market is segmented into battery electric vehicle, hybrid electric vehicle and plug-in hybrid b=vehicle. As per application the market is classified into engine & exhaust, interior, transmission, wheel rims and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Automotive Specialty Coatings market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Automotive Specialty Coatings market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The reports cover key developments in the Automotive Specialty Coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from Automotive Specialty Coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive Specialty Coatings in the global market. Below mentioned is the list of few companies engaged in the Automotive Specialty Coatings market.
Key Elements that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the Automotive Specialty Coatings Market
- Key market trends cracking up the growth of the Automotive Specialty Coatings Market
- Challenges to market growth.
- Key vendors of Automotive Specialty Coatings Market
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in global market
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
The Insight partners,
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.