© 2016 Global Market Insights, Inc. USA. All Rights Reserved Automotive Paints and Coatings Market to hit $27.5 Bn by 2025

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Automotive Paints and Coatings Market is estimated to reach USD 27.5 million by 2025; according to a new research report by Global Market Insights, Inc.  Rising vehicle production coupled with rising consumer preference towards dual color alternatives are driving the automotive paints and coatings market share. Industry players are investing in technologies and finishes to give customers alternatives for customizing their vehicles. Additionally, scratch resistance along with improved gloss finishing and corrosion resistance are gaining significant traction in the market.  Growing customer expectations primarily with respect to sustainability, durability and aesthetics of vehicles are enabling automobile OEMs to develop new color combinations and solutions. Paint manufacturers are collaborating with automobile OEMs to reduce toxic substances in paints. Key Insights from Automotive Paints and Coatings Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Continued…  The development of such paints also contributes towards reducing the problems associated with waste disposal owing to the reduced usage of hazardous substances, thereby expanding the automotive paints and coatings market.  Technological advancements in paint technologies play a major role in expanding the automotive paints and coatings market size over the projected timeframe. Proliferation of low temperature paint systems enables for superior paint finishes at around 100 degrees compared to around 150 degrees in the traditional paint systems.  Light commercial vehicle (LCV) automotive paints and coatings market share will witness around 3% CAGR owing to increasing sales of light commercial vehicles across the globe. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA) production of LCV in 2018 was 21,072,296 units accounting for an increase of around 4.2% as compared to 2017.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Latest Research Report On Automotive Paints and Coatings market market Request for a sample of this research

© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. Automotive Paints & Coatings Market, By Vehicle, 2018 & 2025, (USD Million)

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Cabot Corp Eastman PPG industries Inc Dupont BASF SE Major Companies Automotive Paints and Coatings Market :

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Asia Pacific automotive paints and coatings market witness significant growth over the forecast timeframe. This can be attributed to the improving economic conditions, rising disposable income along with higher requirement for personal mobility solutions.  The increasing presence of automotive manufacturers across the region along with setting up of production facilities for ramping up of vehicle production further expands the regional share over the study timeframe. For instance, in 2019 Tesla Inc. announced the setting up of its Gigafactory in China for producing Model 3 and Model Y vehicles. Regional Insights in Automotive Paints and Coatings Market :

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