According to the report of Adroit Market Research, the worldwide automotive coating industry is expected to reach 31.9 US$ in the year 2025 due to the rising sale of vehicles and advancement in technology.
The report provides insight and emerging trends in the industry. The automotive coating is used to protect the automobiles from harsh weather conditions. The advantage that automotive coating offers over the traditional coating makes it a favorable method for most manufacturers. The automotive coating has the anticipated market share of 38.1% in the base coat market in the year 2025.
The areas covered in the report includes North America (Canada, US), Europe (France, Germany, Ireland, Italy, Spain, UK and Rest of Europe), Asia Pacific (Australia, India, Japan, South Korea and Rest of Asia Pacific), Latin America (Brazil, Mexico, Chile and Rest of Latin America) and Middle East & Africa (GCC and South Africa). The Asia Pacific is the leading market in automotive coating due to the emerging of different economies. The Asia Pacific is anticipated to have 58.8% of the worldwide automotive market share in the year 2025.
The major manufacturers of the automotive coating market include Axalta, BASF, Valspar, AkzoNobel, Sherwin-Williams, and Nippon. These manufacturers have the introduced coating that is more environmentally friendly which is widening the market.
The products of automotive coating include Basecoat, Clearcoat, E-coat, and Primer. The segmentation by technology includes Powder Coating, Water-borne, UV-Cured, and Solvent-borne. The product is also segmented based on the use which includes Metal and Plastic. The user end is divided into three types which include Commercial OEM, Automotive Refinish and Light Vehicle OEM. The report will give detailed information regarding automotive coating industry.