Automotive Coatings Market Size set to exceed $28 Billion by 2022: Global Market Insights, Inc. - PowerPoint PPT Presentation

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Automotive Coatings Market Size set to exceed $28 Billion by 2022: Global Market Insights, Inc.

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Global automotive coatings market size is forecast to grow at 4.9% CAGR and reach 5.51 million tons by 2022 – PowerPoint PPT presentation

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Title: Automotive Coatings Market Size set to exceed $28 Billion by 2022: Global Market Insights, Inc.


1
Automotive Coating Market 2015 2022
2
Global Market Scenario of Automotive Coating
  • Automotive coatings market size was estimated at
    more than 3.7 million tons in 2014 and is likely
    to exceed 5.5 million tons by 2022, with growth
    rate of above 4.8.
  • Rising consumer preference towards vehicle
    protection against factors such as UV radiation,
    foreign particles, acid rain and extreme
    temperature variation is likely to drive
    automotive coatings market size.
  • They also provide consumers with vehicle
    appearance and enhanced durability.
  • Increasing government infrastructure spending in
    countries such as India China coupled with
    growing inclination towards consumer personal
    convenience is likely to drive automotive
    coatings market share.
  • https//www.gminsights.com/industry-analysis/aut
    omotive-coatings-market

3
Continue.....
  • China and India infrastructure spending was
    about USD 421 billion and USD 149 billion
    respectively in 2012.
  • China passenger commercial vehicle sale was
    over 22 million units in 2014, while India
    vehicle production stood close to 4 million units
    in the same year.
  • Increase in vehicle production is also likely to
    take place in countries such as Indonesia and
    Thailand owing to government subsidies and low
    labor wages. 
  • Tight raw material supply and a dynamic
    regulatory scenario may result in an upswing in
    automotive coatings market price trend.
  • https//www.gminsights.com/industry-analysis/aut
    omotive-coatings-market
  •  

4
Germany automotive coatings market Size, by
technology, 2012-2022 (Kilo Tons)

https//www.gminsights.com/industry-analysis/autom
otive-coatings-market
5
360 Analysis
  • Application Analysis
  • Plastic based automotive coatings accounted for
    more than 27 of the total demand in 2014 and is
    likely to witness significant gains. Increasing
    plastics use for lightweight vehicle production
    in order to curb emissions and increase fuel
    efficiency is likely to drive demand. Plastics
    are increasingly used for vehicle applications
    such as headlight, door and bumpers.
  • Regional Analysis
  • APAC, driven by China, was the largest. China
    automotive coatings market size was worth more
    than USD 4 billion in 2014.
  • Latin America, majorly driven by Brazil
    automotive coatings market size, is likely to
    witness significant gains in the future. Brazil
    automotive coatings demand was over 110 kilo tons
    n 2014 and is likely to grow at over 5 up to
    2022.
  • Competitive Market Share
  • The global automotive coatings market share is
    consolidated with top four companies catering to
    over 55 of the total demand in 2014.  BASF, PPG
    Industries, Axalta Coating Systems, Nippon Paint,
    Kansai Paints and AkzoNobel, are major industry
    participants. Other players include Berger
    Paints, Sherwin-Williams, Arkema SA, KCC Paint,
    Beckers Group, Valspar Corporation, Clariant AG,
    Cabot Corporation, Lord Corporation, Eastman
    Chemical Company, Solvay SA and DSM.


6

Latest Research Report On Automotive coatings
Market _at_ https//www.gminsights.com/industry-analy
sis/automotive-coatings-market Download Latest
Report PDF _at_ https//www.gminsights.com/request-sa
mple/detail/107
7
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