Scienza e Tecnologia
Automotive Coatings Market size worth $ 24.7 Billion, Globally, by 2028 at 6.3% CAGR: Verified Market Research®
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The Global Automotive Coatings Market is driven by the increasing vehicle use and population, which is raising the per capita income. The per capita passenger car ownership is increasing globally and they are becoming one of the common modes of personal conveyance. The increasing production of vehicles due to the growing need from consumers is the factor for driving the market growth. In addition, the growing industrialization is propelling the demand for commercial vehicles, and rising adaption of the automotive coatings by end-users are the factors imposing a positive outlook on the market growth.
One of the drivers for the market is the growing demand for powder coatings. Powder coatings are a solvent-free method used for layering surfaces and do not release volatile organic compounds. They may witness a rise on account of environmental and economic benefits. Moreover, increasing demand for electric and hybrid vehicles in light of carbon emissions may fuel the industry size over the upcoming years.
Raw materials used for manufacturing coatings consist of pigments, additives, binders, and solvents. Volatile prices of titanium dioxide, which is one of the most commonly used raw materials may hamper growth. Moreover, difficulty in sourcing raw materials will serve as a challenge for manufacturers over the forecast period. Over 85% of the materials used in passenger cars are metallic. Almost every metal are coated to protect them from rust and degradation. The emergence of ultraviolet curing coating presents growth opportunities to the global Automotive Coatings Market.
Automotive Coatings, Adhesives, And Sealants (CAS) Market By Product (Urethane-Based Automotive Coatings And Adhesives, Epoxy-Based Automotive Coatings And Adhesives), By Application (Exterior Application, Interior Application), By Geography, Forecast, 2021-2028
Automotive OEM Coatings Market By Type (Primer, Basecoat, Electrocoat), By Layer (Solvent-Borne, Waterborne, Powdered), By Vehicle Type (Passenger Cars, Light Commercial Vehicles), By Geography, Forecast, 2021-2028
Automotive Specialty Coatings Market By Application (Transmission, Engine & Exhaust, Wheel Rims), By Technology (Solvent Borne, Water-Borne), By Resin Type (Epoxy, Polyurethane, Acrylic), By Vehicle Type (Electric Vehicle, Heavy Commercial Vehicle), By Geography, Forecast, 2021-2028
Automotive Coatings and Paints MarketSize By Type (Solid, Metallic), By Application (Passenger Cars, LCV (Light Commercial Vehicles)), By Geography, Forecast, 2021-2028
Best 5 Automotive Specialty Coatings providing shines to automobiles
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