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Automotive Coatings Market Share

Report ID: GMI107
Published Date: Aug 2020
Report Format: PDF

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Automotive Coatings Market Share

Global automotive coatings industry is fragmented and major players include

BASF SE
PPG Industries
Bayer AG
Nippon Paint Holdings
AkzoNobel N.V.
Sherwin Williams Company
Arkema SA
Cabot Corporation
Jotun
Lord Corporation
Solvay S.A.

Manufacturers are rapidly investing in new product development & offering targeted solutions in an attempt to stay competitive in post COVID economy and strengthen brand equity.

In January 2018, BASF SE & Sirrus announced a joint collaboration to develop new class of automotive coating solutions based on proprietary methylene malonate technology. This new product line will aid in boosting the firm’s sustainability trends along with increasing safety and reducing overall manufacturing cost.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Overall automotive coatings market would be pegged at a valuation of USD 30 Billion in 2026.

UV-cured technology segment may register 5% CAGR through 2026 driven by the fact that they protect paints from fading away and protect vehicles from acid rain, dirt, moisture, and chemicals.

These coatings will be massively used in metal, as they provide excellent protection from rust, chemicals, air, water, and wear & tear. Meat coatings also provide better durability, performance, and longevity, owing to which metal applications segment may hit USD 21 billion by 2026.

Light vehicle may exceed USD 12 billion by 2026, driven by rising demand for fuel efficient automobiles, investments by industry players, and growing need to protect metallic vehicle bodies from rust and sun exposure.