Global Automotive Coatings Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Global Automotive Coatings market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
|Study Period||Historical Data: 2016-20|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Regions Covered||North America: USA, Canada, Mexico|
|Europe: Germany, UK, France, Italy, Spain|
|Asia-Pacific: China, India, Japan, South Korea, Australia|
|South America: Brazil, Argentina|
|Middle East & Africa: UAE, Saudi Arabia, South Africa, Qatar|
|Key Companies Profiled||BASF SE, Axalta Coating Systems, PPG Industries, Inc., Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd., The Valspar Corporation, KCC Corporation, The Sherwin-Williams Company, Akzonobel N.V., Covestro AG, Arkema SA, Cabot Corporation, Clariant AG, Lord Corporation, Solvay S.A etc.|
|Unit Denominations||USD Million/Billion|
According to MarkNtel Advisors’ research report “Global Automotive Coatings Market Analysis, 2020”, the Global Automotive Coatings market is anticipated to grow at a CAGR of around 5% during 2021-26F. The growth of the market is attributed to burgeoning demand for automotive coating solutions as it provides protection to the vehicle from environmental aggressors such as rust, water, snow, coupled with paradigm shift of the consumers toward proper maintenance of vehicles. Furthermore, rising investment by the market players on introducing economical and high-performance solutions and escalating trends pertaining to automobile renovation, along with snowballing inclination towards powder coatings in order to reduce VOC content emissions are the factors strongly contributing towards the growth of the market in the forthcoming period.