Automotive Specialty Coatings Market is expected to grow at a CAGR of 3.2% during the next five years, according to a newly added report by Stratview Research. Mounting automotive production across the world, the rising temperature of the vehicle due to engine downsizing, increasing number of applications of specialty coatings, trends towards the development of advanced transmission systems, such as automated manual transmission (AMT), are the major factors driving the automotive specialty coatings market.
The report offers detailed insights into relevant market segments, their growth rates, latest market trends, forecasts, and other vital details. The market has been segmented in six ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025.
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As per the report, among different application types, the transmission segment is estimated to grow at the highest rate over the next five years, driven by a host of factors including increasing acceptance of advanced dual-clutch transmission system in the developed economies, such as the USA. Further, trends towards the acceptance of AMTs assure the growth of specialty coatings in the transmission segment in the foreseen future.
The solvent-borne coatings hold the largest share in the market, in the segment of technology type.
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Asia-Pacific is expected to remain the largest market for automotive specialty coatings in the coming five years, according to the analyst. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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The report further mentions about the key manufacturing players PPG Industries Inc., BASF SE, Axalta Coating Systems, Akzo Nobel N.V., The Sherwin-Williams Company, Solvay S.A., The Dow Chemical Company, Nippon Paint Holdings Co. Ltd., Clariant, and Hexicon Inc who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the automotive specialty coatings market that can be helpful for interested clients in analyzing the market and making the right decisions accordingly.
Salient Features of the Report
The report on Automotive Specialty Coatings Market is a well-researched work after analyzing various data from different reliable sources. The report included some of the salient features such as:
- Market structure,
- Market environment analysis,
- Market trend and forecast analysis,
- Market segment trend and forecast,
- Competitive landscape and dynamics,
- Attractive market segments and associated growth opportunities,
- Emerging trends,
- Strategic growth opportunities for the existing and new players,
- Key success factors
About Stratview Research:
Stratview Research is a global research company offering custom research and market research reports for interested clients in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.
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