TechNavio recognizes the following companies as the key players in the Global Automotive Coatings market: BASF SE, E. I. du Pont de Nemours and Co., Kansai Paint Co. Ltd, and PPG Industries Inc.
Commenting on the report, an analyst from TechNavio’s team said: “One of the main trends witnessed in the Global Automotive Coatings market is the increasing demand for metallic coating The Global Automotive Coatings market is expected to witness increasing demand for metallic coating in the coming years. It is estimated the demand for metallic coatings is high as compared to non-metallic coating, and the popularity of metallic colors continues to grow. Hence, meeting consumer demand for new effects is a major challenge impaired by environmental and processing effects. Therefore, the popularity and the demand for metallic colors have intensified the need for on-going research and development in the areas of appearance and performance.”
According to the report, one of the main factors driving the market is the increase in automotive production and sales. Automobile production is expected to largely take place in Asia and European countries over the coming years to meet the rising demand for automobiles in emerging markets.
Further, the report states that one of the main challenges is the increasing Government regulations. The Global Automotive Coatings market is witnessing increasing government regulations in both developing and developed countries, encouraging recyclability as a mean to address both energy costs and environmental issues.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Akzo Nobel N.V, KCC Corp., and Noroo Paint Coatings Co. Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-automotive-coatings-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report – Global Automotive Coatings Market 2012-2016
