"Automotive Coating Market by Resin Type , Technology, Coat Type– Global Forecast to 2021" is a professional and in-depth study.
MRRS adds "Automotive Coating Market by Resin Type , Technology, Coat Type– Global Forecast to 2021" latest studies,published in December 2016. It is a professional and in-depth study.
The global automotive coating market size is estimated to reach USD 16.24 billion by 2021, registering a CAGR of 7.02% between 2016 and 2021. Demand for different color & texture, enhancement of sales supportive policies, and increasing purchasing power parity (PPP) in emerging economies is driving the automotive coating market.
Basecoat is the third layer applied to a car’s body after e-coat and primer layer. Basecoat is the fastest-growing segment among all the coat type considered. The growth is high as new and innovative technologies are being developed by automotive coating manufacturers. For instance, in new integrated system, the primer layer is omitted and is replace with two layers of basecoat. One layer of basecoat absorbs UV radiation and other is advanced basecoat. This kind of technological developments are expected to drive the basecoat segment in the automotive coating market.
Automotive coating makes use of various resins such as polyurethane, epoxy, acrylic, and others. These are the major resin type considered in the report. Epoxy resin is projected to be the fastest-growing segment among them, in terms of volume, between 2016 and 2021. This growth is driven by increasing demand of this resin in water-borne and powder coating technologies. End-use industries are demanding environment friendly products as regulatory laws are becoming stringent. Hence, the growth of epoxy resin segment is projected to be high compare to other resins used in the automotive coating industry.
Figure And Tables
TABLE 1 AUTOMOTIVE COATING MARKET SNAPSHOT (2016 VS. 2021) 29
TABLE 2 CAR PRODUCTION DATA 40
TABLE 3 AUTOMOTIVE COATING VOC CONTENT LIMIT: 42
TABLE 4 LIST OF MAJOR SUPPLIERS OF AUTOMOTIVE COATING COMPONENT/TECHNOLOGY 45
TABLE 5 AUTOMOTIVE COATING MARKET SIZE, BY RESIN TYPE, 2014–2021 (KILOTON) 50
TABLE 6 AUTOMOTIVE COATING MARKET SIZE, BY RESIN TYPE, 2014–2021 (USD MILLION) 51
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