Automotive Paints & Coatings Market Share in North America 2020 - Industry Growth Analysis to 2026

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North America Automotive Paints Coatings Market
to Surpass 3.1 Bn by 2026 Graphical Research
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North American Automotive Paints and Coatings
Market size is set to exceed USD 3.1 billion by
2026, according to a latest forecast report by
Graphical Research. Rising vehicle production
owing to healthy economic conditions along with
rapid urbanization are providing potential growth
prospects for the industry expansion. Increasing
preference for enhancing the aesthetic appearance
and exterior textures coupled with the
accessibility of numerous paint alternatives will
augment the product penetration. In North
America, increasing number of buyers are opting
for pre-owned or refurbished vehicles, which is
presenting promising growth scenarios for the
market. The availability of several color
alternatives including pastel versions and bright
chromatic hues is gaining customer attraction.
The major benefits achieved by coatings, such as
longer color retention and UV protection are
further bringing out more consumers.    Industry
players are shifting their focus to develop the
latest processing technologies in order to
manufacture paints coatings which are aligned
with environmental norms and regulations.
Therefore, the paints and coating industry in
North America has taken steps to minimize waste
reduce the VOC content and optimize environmental
improvements. North America is addressing
environmental issues actively over the past
years. For instance, the U.S. Environmental
Protection Agencys (EPA) Toxic Release Inventory
(TRI) specifies the statistics of toxicity
weighted results of the automotive paint and
coating industry that has significantly declined
by 94 from 1990.
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Some of the key manufacturers involved in the
North America automotive paints and coatings
market include 3M, Axalta Coating Systems, BSAF
SE, Cabot Corporation, Covestro LLC, Diamond
Vogel, DuPont de Nemours, Inc., Eastman chemical
company, Kansai Paint Co., Ltd., The Sherwin
Williams Company, PPG Industries Inc., and U.S.
Paint Corporation.    Industry participants are
investing in RD to develop new paint products
with ultra-low VOC emission characteristics.
Additionally, the enhanced color matching
properties are supporting the industry growth in
the aftermarket. For instance, in June 2019, PPG
launched DELFLEET ONE paints for addressing the
increasing refinish requirements from the
commercial transportation industry. Segmentation
of North America Automotive Paints Coatings
Market North America Market, By Coating
Type Basecoat Primer Clearcoat Electrocoat North
America Market, By Texture Type Metallic Matte Sol
id
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North America Market, By Technology Solvent-borne
Powder Waterborne UV Cured North America Market,
By Distribution Channel Aftermarket OEM North
America Market, By Raw Material Epoxy Acrylic Poly
urethane North America Market, By Vehicle
Type Passenger Cars Light Commercial
Vehicles The above information is available for
the following countries North America U.S. Canada
 
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