Automotive Paints Market worth 998.7 Million Gallons by 2018 with Revenue of $11.7 Billion

 Automotive Paints Market worth 998.7 Million Gallons by 2018 with Revenue of
                                $11.7 Billion

  PR Newswire

  DALLAS, September 20, 2013

DALLAS, September 20, 2013 /PRNewswire/ --

The report, " Automotive Paints Market  b y Coat Type (Electrocoat, Primer,
Basecoat, & Clearcoat),  b y Technology (Solvent-borne, Waterborne, & Powder
Coating), Texture Type (Metallic & Solid), Vehicle Type & Geography - Global
Trends & Forecast to 2018 ", defines and segments the automotive coating
market with analysis and forecasting of the global volume and revenue.

Browse 126 market data tables and 66 figures spread through 341 pages and
in-depth TOC on "Automotive Paints Market - Global Trends & Forecast to 2018".

http://www.marketsandmarkets.com/Market-Reports/automotive-paints-market-1246.html

Early buyers will receive 10% customization on this report.

Asia-Oceania: Largest Market for Automotive Coating with Highest Revenues

Asia-Oceania is the region which produces maximum number of vehicles as
compared to other geographies. It is estimated that more than 47.2 million
vehicles would be produced in 2013, growing with a CAGR of 7.85% for the next
five years. The increasing numbers of vehicle production makes Asia-Oceania
the most important market for the automotive coating industry. In addition,
the strong presence of many local automotive coating companies, such as Nippon
Paint (Japan), Kansai Paint (Japan), KCC Paint (South Korea), etc. would help
to fuel the market growth for coatings in this region. Other than local
players, many key global automotive coatings companies such as PPG Industries
(U.S.), BASF (Germany), Axalta Coating Systems (U.S.), and others have their
presence in the Asia-Oceania region, which would also influence the total
market demand for automotive coatings. Some of the above players have set up
joint ventures with local manufacturers to enhance their presence on country
level.

North America: Automotive Coatings Growing at Promising Rates

North America is the third largest vehicle producer in the world and it is
anticipated that about 17.9 million units of vehicles would be produced in
North America in 2013. It is projected that by 2018, it will bypass Europe and
would become the second largest vehicle producer in the world growing with a
CAGR of 7.50%. This increased growth rate is due to the rapid boost in the
production of vehicles across North American countries. The market for
eco-friendly coatings such as waterborne and powder coating is expected to
grow at a promising rate for the next five years. The reason behind this
growth is the concerns regarding the environmental hazards caused by
solvent-borne coating, due to which environmental agencies and governmental
institutions have issued regulations and guidelines to minimize the use of
automotive coatings which contain high VOCs content. The major key local
automotive coatings companies are PPG Industries (U.S.), Axalta Coating
Systems (U.S.), Eastman Chemical (U.S.), Sherwin-Williams (U.S.), etc. and
they have major presence in the North American market.

Europe: Stable Growth Rate

The automotive industry in Europe is recovering from the slowdown it faced in
2009 and it is anticipated that it would grow with a steady rate for the
period under study. Europe is the second largest vehicle producer in the world
and it is estimated that about 18.4 million units would be manufactured in
2013, which would grow with a CAGR of 4.15% for the next five years. The A
utomotive  Paints M arket is projected to grow with a steady growth rate but
the eco-friendly coatings would be growing with a promising CAGR for the
period under study. The norms and regulations regarding the content of VOCs
have also enhanced the growth for eco-friendly coatings in Europe. The key
automotive coating players in Europe are BASF (Germany), AkzoNobel (The
Netherlands), Bayer (Germany), Beckers (Germany), Royal DSM (The Netherlands),
etc.

The report covers the global automotive coating market in terms of volume of
consumption (million gallons) and revenue ($million) across regions such as
Asia-Oceania, Europe, North America, and Rest of the World (ROW). It explains
qualitative and quantitative aspects of automotive coatings with respect to
its types and technologies used. The report briefly explains the automotive
coating market on the basis of geography, vehicle type, coat types,
technology, and texture type from 2013 to 2018.

The report also shows an overview of the technical as well as other important
aspects of the automotive coating market. It includes an analysis of the value
chain, Porters' five forces analysis and PESTLE analysis, the competitive
landscape, and company profiles. In addition to this, 22 key players in the
market have also been profiled.

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