The global Automotive Paint & Coating market size is projected to witness an above-average boom over the next couple of years. Demand for car paints is developing due to constant upgrades in their residences and functionalities. Today, car paints aren’t best used for the beautification of the cars but additionally to enhance surface sturdiness.
KEY MARKET PLAYERS
Automotive Paint & Coating marketplace environment consists of manufacturers together with PPG (US), Axalta (US), AkzoNobel (Netherlands), BASF (Germany), Sherwin Williams (US), Valspar (US), Solvay (Belgium), DOW Chemical (US), 3M (US), and KCC (South Korea).
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KEY MARKET SEGMENTS
BY FINISH
- Metallic
- Solid
- Pearlescent
BY VEHICLE
- Compact Passenger Cars
- Mid-sized Passenger Cars
- Premium Passenger Cars
- Luxury Passenger Cars
- Light Commercial Vehicles
BY PAINT BASE
- Solvent-borne
- Water-borne
BY REGION
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
IMPACT OF COVID-19
The COVID-19 pandemic has caused nearly all countries, economies, and industries going into declining growth. Lockdowns, journey and exchange restrictions and guidelines, suspension of manufacturing activities because of exertions scarcity, and reduced demand throughout sectors are being witnessed at some stage in the sector.
With the COVID-19 disaster putting the brakes on everyday financial activities, sales of recent vehicles have plunged throughout the globe, thereby badly impacting the car paint marketplace too. As lockdowns and restrictions ease with the containment of the virus, and manufacturing choices tempo, the automobile paint marketplace will pass returned to its original growth trajectory.
RECENT DEVELOPMENTS
- February 2022- AkzoNobel Powder Coatings introduced the Interpon Futura Collection, which incorporates 3 new, on-t alettes including Merging World. Healing Nature, and Soft Abstraction. The collection emits no solvents or volatile natural compounds and contributes to AkzoNobel’s ordinary sustainability software.
- February 2022- PPG agreed to collect the powder coatings u isi, an commercial coatings organization located in Milan, Italy. Arsonsisi is a distinguished manufacturer of architectural and business area of expertise powder coatings.
- February 2022-H.B. Fuller Company received Apollo, the U.K’s independent manufacturer of liquid adhesives, coatings, and primers for the roofing, commercial, and construction industries.
FAQ’s:
- Which region is expected to preserve a outstanding market proportion in the global automobile paint marketplace over the forecast length?
- What might be the key using elements propelling the call for for Automotive Paint & Coating throughout the forecast length?
- How will modern traits effect the car paint marketplace?
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Table of Contents:
1. Automotive Paint & Coating Market Overview
2. Impact on Automotive Paint & Coating Market Industry
3. Automotive Paint & Coating Market Competition
4. Automotive Paint & Coating Market Production, Revenue by Region
5. Automotive Paint & Coating Market Supply, Consumption, Export and Import by Region
6. Automotive Paint & Coating Market Production, Revenue, Price Trend by Type
7. Automotive Paint & Coating Market Analysis by Application
8. Automotive Paint & Coating Market Manufacturing Cost Analysis
9. Internal Chain, Sourcing Strategy and Downstream Buyers
10. Marketing Strategy Analysis, Distributors/Traders
11. Market Effect Factors Analysis
12. Automotive Paint & Coating Market Forecast (2022-2028)
13. Appendix
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