This report on the automotive coatings market is an exhaustive compilation of actionable and valuable insights. The report offers an in-depth assessment on the automotive coatings market, which incorporates study on important dynamics including growth drivers, restraints, trends, and opportunities for the automotive coatings market. The report primary focuses on the provision of authentic intelligence to its readers with regard to the automotive coatings market, which would enable them in gathering and devising strategies on the basis of the insights delivered on the automotive coatings market. In key sections of the report, an overview on the automotive coatings market has been offered which includes a concise introduction to the automotive coatings market along with an accurate definition of the target product – automotive coatings.
The car painting industry has witnessed tremendous changes through materials and processes development championed by the evolution of manufacturing technology from the beginning of the 20th century until today. The emergence of mass production demanding better film performance with respect to corrosion and durability of colors; faster curing paints; enhanced environmental compatibility and thorough automated processes for excellent reliability signify the essential milestones in car painting industry.
As several resources have been directed to the environmental amelioration of paint application along with toxic aspects of the paint formulas, the performance of automotive coatings has propelled considerably.
The color of automotive vehicles has turned out to be an essential design tool, massively underpinning the purchasing habits of customers. Undeniably, color trends are keenly being observed by the paint and the automotive industry together to come up with trendy colors for the right cars. Meanwhile, the use of painting robots, high rotational mini- or micro-bells have led to the maximum degree of transfer efficiency and reliability, paving way for efficiency of 90 percent and more of defect free coatings.
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Lethal chemicals and additives have been tested exhaustively during the last three decades. Several products have been scrapped either by legislation or by the car manufacturers. Accordingly, worthwhile steps have been made by the introduction of waterborne base coat. The use of waterborne coating has contributed immensely to the reduction of solvent emissions in automotive OEM coating. According to the study, close to 6 in 10 tons of automotive coating sold worldwide were waterborne coating in 2018 itself.
Pertinent automotive coatings manufacturers are heavily focusing on providing key Tier 1 customers, OEMs with best-in class and value-added service products. Shareholders value are bolstered while cost-effective structure management are provided to customers.
The rising trend of smart coatings; vehicle weight reduction and the transition towards low-temperature curing have acted as catalyst in the development of automotive coatings as manufacturers dig in the use of carbon fiber-reinforced polymers and high strength plastics.
Automotive Coatings Market: Overview
The report offers a robust assessment on the automotive coatings market which is propelled by quantitative and qualitative analysis. In addition, the report focuses on the situation in the market that have significant influence on the development of the automotive coatings market, including drivers, trends, opportunities, restraints. The report also delineates segmentation of the market to provide a thorough analysis of the automotive coatings market.
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The report incorporates executive summary followed by overview section which showcase a coherent assessment of the automotive coatings market. Moreover, the market overview section peruses on PESTLE analysis to provide a thorough analysis on the automotive coatings market. Furthermore, the overview section also delves into Porters’ Five Force analysis which historically help in assessing competitive landscape with respect to automotive coatings market.
Primary sources and secondary sources have been applied to offer a judicious assessment on automotive coatings market. The secondary research incorporates trade journals, EC filing, resourceful database and Factiva. Furthermore, the report banks on primary research, including genuine assessment from experts, veracious and unbiased insights from seasoned analyst, surveys and telephonic interview. The report also peruses into absolute dollar opportunity analysis and Y-o-Y projections to provide a deep dive analysis of the market.
Automotive Coatings Market: Competitive Landscape
The coherent assessment of competitive scenario of the automotive coatings market is propelled by assessment of Porters’ Five Force Analysis. Moreover, the Porters’ Five Force Analysis throws light on the feasible strategies of the major players who are active in the automotive coatings market. Meanwhile, the report also shed light on SWOT analysis, company profile, product portfolio, recent development and key differentiation.
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Automotive Coatings Market: Compact Painting Processes Gain Emphasis to Attain Future Sustainability
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