The global automotive coatings market size was valued at USD 16,289.3 million in 2023 and is poised to grow at a significant CAGR of 4.8% during the forecast period 2024-2030. It also includes market size and projection estimations for each of the five major regions from 2024 to 2030. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the automotive coatings market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global automotive coatings market segmentation:
1. By Resin Type: Polyurethane, Epoxy, Acrylic, and Other Resin Types.
2. By Technology: Solvent-Borne, Water-Borne, and Powder.
3. By Layer: E-Coat, Primer, Base Coat, and Clear Coat.
4. By Application: OEM and refinish.
The primary factors of the automotive coatings market drivers are the growing automotive production. The automotive coatings market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The automotive coatings market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific was the largest region in the automotive coatings market report, accounting for the highest share in 2023. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by automotive coatings market key players are Akzo Nobel N.V. (Netherlands) Arkema SA (France) Axalta Coating Systems (U.S.) BASF SE (Germany) Bayer AG (Germany). Berger Paints India Limited (India) Cabot Corporation (U.S.) Clariant (Switzerland) Jotun (Norway) Kansai Paint Co., Ltd. (Japan) Koninklijke DSM N.V. (Netherlands) Nippon Paint Holdings Co., Ltd. (Japan) PPG Industries, Inc. (U.S.) The Sherwin-Williams Company (U.S.) The Valspar Corporation (U.S.), covered here to help them in strengthening their place in the market.