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World Opportunity Analysis and Forecast for Automotive Paints Market - Opportunities and Forecasts, 2017 - 2023

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    Report

  • September 2019
  • Region: Global
  • Allied Market Research
  • ID: 3772998
Globally, automotive sector has undergone a substantial growth in recent years. Automotive paint is used on automobiles as a protective measure against corrosion, acid rains, UV rays and oxidization. Pigments, binders and thinners are the basic ingredients used to make an automotive paint. Automotive paints have low volatile organic compounds (VOCs). Automotive paints are garnering high demand in automotive sector owing to the less exposure to toxins. Increasing demand of vehicles worldwide has boosted the growth of the automotive paints market. End-users are preferring to buy vehicles, featuring durable automotive paint. Thus, automotive paint is expected to generate a high demand among vehicle manufacturers. High prices of raw materials can limit the growth of the market. Changing government regulations for increasing environmental awareness would provide many significant opportunities for the growth of the automotive paints market.

Automotive paint market is segmented on the basis of vehicle type, coat type, texture type, technology and geography. The vehicle type segment comprises of light commercial vehicles, heavy commercial vehicles and passenger cars. On the basis of coat types, the market is further classified as base coat, clear coat, primer coat and electro coat. The texture type segment is categorized into metallic texture and solid texture. On the basis of technology the market is classified into powder coatings, waterborne coatings and solvent borne coatings. Geographically, the market is segmented into regions such as North America, Europe, Asia-Pacific (APAC) and LAMEA.

Key players operating in the market include Berger Paints, Kansai Paint Co. Ltd., Nippon Paint Co. Ltd., BASF SE, PPG Asian Paints Private Limited, Axalta Coating Systems LIC, KCC Corporation, Clariant AG, Arkema SA and Beckers Group. Operating players in the market are putting efforts into introducing new coating methods and cost effective technologies.

KEY BENEFITS

The study provides an in-depth analysis of the global automotive paints market with current and future trends to elucidate the imminent investment pockets in the market

Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends in order to gain a stronger foothold in the market

The report provides information regarding key drivers, restraints and opportunities with impact analysis

Quantitative analysis of the current market and forecast through 2015-2020 are provided to showcase the financial appetency of the market

Porters Five Forces model of the industry illustrates the potency of the buyers & suppliers participating in the market

Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain

Global Automotive Paints Market by Vehicle Type

Light commercial vehicles

Heavy commercial vehicles

Passenger cars

Global Automotive Paints Market by Coat Type

Base coat

Clear coat

Primer coat

Electro coat

Global Automotive Paints Market by Texture Type

Metallic texture

Solid texture

Global Automotive Paints Market by Technology

Powder coatings

Waterborne coatings

Solvent borne coatings

Global Automotive Paints Market by Geography

North America

Europe

APAC

LAMEA

Key Players

Berger Paints

Kansai Paint Co. Ltd.

Nippon Paint Co. Ltd.

BASF SE

PPG Asian Paints Private Limited

Axalta Coating Systems LIC

KCC Corporation

Clariant AG

Arkema SA

Beckers Group

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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