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Automotive Coatings Market: Polyurethane Segment Set to Remain Dominant; Smart Coatings Reinforce Growth

Press release Description

Albany, New York, June 19, 2019: Car painting has undergone significant changes in the shape of materials and processes development following the progress of manufacturing technology from the start of the 20th century. As such, introduction of mass production needing better film performance and faster curing paints with respect to corrosion and durability of colors, enhanced environmental compatibility and fully automated processes for better reliability has accentuated the most pivotal milestone in the automotive coating field.

These insights are according to the intelligence report, titled, “Automotive Coatings Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been freshly added to Market Research Reports Search Engine’s (MRRSE) exhaustive repository.

Several leading automotive companies globally count on automotive coatings technology aliphatic diisocyanates (ADI) chemistry-based polyurethane as a major component. The profound use of polyurethane coatings has expanded beyond cars to agricultural, trucks, buses, construction and earth moving equipment. Further, the applications of polyurethane coatings are witnessed in aerospace, marine, railway, namely. The use of polyurethane-based automotive coatings not only ameliorate the vehicle’s aesthetic value, but also shields it from hostile weather conditions and helps in preventing corrosion.

Buoyed with excellent weather resistance, tremendous gloss and color retention, incredible hardness and scratch resistance and exceptional resistance to oil, water and chemicals, polyurethane segment is poised to reign the automotive coatings market during assessment period.

Smart coatings which offer the capability to markedly enhance the surface durability and at the same time fostering with properties such as super-hydrophobicity, self-healing, sound proofing, self-stratifying and vibration damping have propelled the growth of automotive coatings market. Having said that, growing concern pertaining to VOC emitted from solvent-based automotive coatings has derailed the growth of the market.

Automotive Coatings Market: Report Content

Quantitative and qualitative analysis reinforce the report on the automotive coatings market. Further, the report exhaustively delineates the various aspects of the market which are expected to have influence on the thriving of the automotive coatings market. Those aspects incorporate drivers, opportunities, trends, and restraints. Nevertheless, the report also peruses on segregation of the market that aims at offering an in-depth assessment on produced water treatment.

The robust and deep-dive analysis of the competitive scenario of the automotive coatings market hinges upon Porters’ Five Force Analysis. Moreover, the Porters’ Five Force Analysis offers comprehensive assessment on the potential strategies of the well-established players in the automotive coatings market. Furthermore, the business strategies relies on company overview, product portfolio, recent development, SWOT analysis, and key differentiation.

Automotive Coatings Market: Research Methodology

Primary research and secondary research substantiate the report on automotive coatings market, which thrives at offering intelligence and in-depth assessment on the market. In light of it, the report provides veracious projections, deep-dive insights having bearing on the historical data and market size. The report counts on primary sources that is accentuated by honest and intelligent analysis from well-grounded experts, telephonic interview and thorough analysis from seasoned analyst, and surveys. In addition, the secondary sources incorporates EC filing, Factiva, press release, trade journals, governmental websites and resourceful database. The research report transpires as a repository of assessment and information for automotive coatings market. In addition, the report cash in on authentic and honest sources that have significant bearing in preparation of the report.

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