“Automotive Coatings Market Report 2019-2023” helps the consumer to take business decisions and to understand strategies of major players in the industry. The report also calls for market-determined results deriving feasibility survey for consumer needs. Global Automotive Coatings Market Report ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring consumer needs with a complete understanding of market capacities in the real-time scenario.
Top Listed Players in Automotive Coatings Market Research Report 2019-2023:
Get a sample copy of the report at – https://www.360researchreports.com/enquiry/request-sample/13100490
Automotive Coatings market reports provide a comprehensive overview of the worldwide market size and share. Automotive Coatings market data reports also provide a 5-year historic, forecast for the sector, and include data on social-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to success of the organization.
Overview of Automotive Coatings Market Report:
The global automotive coatings market is expected to register a moderate CAGR during 2019 to 2023, (the forecast period). Asia-Pacific accounted for the largest share, accounting to more than 35% of the global market in 2017, while North America is estimated to register the second-fastest CAGR through the forecast period, 2019-2023.
Rising Demand for Light Vehicles is a Driving Factor for OEM Coatings
The global automotive coatings market is primarily divided into two sub-markets OEM coatings and refinish coatings. The OEM coatings segment dominated the global automotive market, with a share of more than 50% in 2017. The OEM market is driven by rising demand for light vehicles, primarily passenger cars. Increasing demand for passenger cars, primarily in Asia-pacific, is one of the major factor boosting the demand for OEM coatings. The increasing demand for bus coatings in various developed nations is another factor propelling the demand for OEM coatings.
Increasing Automotive Production in Asia-Pacific
In the automotive sector, coatings are used in interior as well as exterior parts of the vehicle, and they impart protection and appeal to vehicles. In Asia-Pacific, China is the largest producer of automobiles with more than 28 million vehicles (passenger and commercial vehicles combined) produced in 2016. Used car sales have also grown significantly in China. In 2016, the exponential growth of 14.5% in automotive production, over 2015, is one of the major driving factors augmenting the automotive coatings market. Countries, such as Thailand, Singapore, and Malaysia, have seen a slower growth rate in automotive production in 2016.
Demand from Asia-Pacific to Expand at a Fast Rate
Increasing production in China, India, and other ASEAN countries, is likely to propel the demand for automotive coatings at a high rate. North America is likely to dominate the refinish coatings market, followed by Europe. Asia-Pacific is expected to expand at a healthy rate in the automotive refinish coatings market.
Inquire or share your questions if any before the purchasing this report @ https://www.360researchreports.com/enquiry/pre-order-enquiry/13100490
Reasons to Purchase this Report:
Valuable Points from Automotive Coatings Market Research Report 2019-2023:
- A complete background analysis, which includes a valuation of the parental Automotive Coatings Market.
- Significant changes in Market dynamics.
- Automotive Coatings Market segmentation according to Top Regions.
- Current, Historical, and projected the size of the Automotive Coatings Market from the viewpoint of both value and volume.
- Reporting and assessment of recent industry developments.
- Automotive Coatings Market shares and strategies of key Manufacturers.
- Emerging Specific segments and regional for Automotive Coatings Market.
- An objective valuation of the trajectory of the Market.
- Recommendations to Top Companies for reinforcement their foothold in the market.
Purchase this report (Price 4250 USD for a single-user license) @ https://www.360researchreports.com/purchase/13100490
Highlights of the following key factors:
- Business description-A detailed description of the company’s operations and business divisions.
- Corporate strategy –Analyst’s summarization of the company’s business strategy.
- SWOT Analysis-A detailed analysis of the company’s strengths, weakness, opportunities, and threats.
- Company history –Progression of key events associated with the company.
- Major products and services-A list of major products, services, and brands of the company.
- Key competitors –A list of key competitors to the company.
- Important locations and subsidiaries –A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years –The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
Top Most Regions Covered In Automotive Coatings Market Research Report 2019-2023:
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America, Middle East, and Africa
Conclusively, this report will provide you a clear view of each facet of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.
Mr. Ajay More
Phone: +14242530807 / + 44 20 3239 8187
Email: [email protected]