Automotive Coatings Market Size set to exceed $28 Billion by 2022: Global Market Insights, Inc.

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Automotive Coating Market 2015 2022
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Global Market Scenario of Automotive Coating

• Automotive coatings market size was estimated at
  more than 3.7 million tons in 2014 and is likely
  to exceed 5.5 million tons by 2022, with growth
  rate of above 4.8.
• Rising consumer preference towards vehicle
  protection against factors such as UV radiation,
  foreign particles, acid rain and extreme
  temperature variation is likely to drive
  automotive coatings market size.
• They also provide consumers with vehicle
  appearance and enhanced durability.
• Increasing government infrastructure spending in
  countries such as India China coupled with
  growing inclination towards consumer personal
  convenience is likely to drive automotive
  coatings market share.
• https//www.gminsights.com/industry-analysis/aut
  omotive-coatings-market

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Continue.....

• China and India infrastructure spending was
  about USD 421 billion and USD 149 billion
  respectively in 2012.
• China passenger commercial vehicle sale was
  over 22 million units in 2014, while India
  vehicle production stood close to 4 million units
  in the same year.
• Increase in vehicle production is also likely to
  take place in countries such as Indonesia and
  Thailand owing to government subsidies and low
  labor wages. 
• Tight raw material supply and a dynamic
  regulatory scenario may result in an upswing in
  automotive coatings market price trend.
• https//www.gminsights.com/industry-analysis/aut
  omotive-coatings-market
•  

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Germany automotive coatings market Size, by
technology, 2012-2022 (Kilo Tons)

https//www.gminsights.com/industry-analysis/autom
otive-coatings-market
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360 Analysis

• Application Analysis
• Plastic based automotive coatings accounted for
  more than 27 of the total demand in 2014 and is
  likely to witness significant gains. Increasing
  plastics use for lightweight vehicle production
  in order to curb emissions and increase fuel
  efficiency is likely to drive demand. Plastics
  are increasingly used for vehicle applications
  such as headlight, door and bumpers.
• Regional Analysis
• APAC, driven by China, was the largest. China
  automotive coatings market size was worth more
  than USD 4 billion in 2014.
• Latin America, majorly driven by Brazil
  automotive coatings market size, is likely to
  witness significant gains in the future. Brazil
  automotive coatings demand was over 110 kilo tons
  n 2014 and is likely to grow at over 5 up to
  2022.
• Competitive Market Share
• The global automotive coatings market share is
  consolidated with top four companies catering to
  over 55 of the total demand in 2014.  BASF, PPG
  Industries, Axalta Coating Systems, Nippon Paint,
  Kansai Paints and AkzoNobel, are major industry
  participants. Other players include Berger
  Paints, Sherwin-Williams, Arkema SA, KCC Paint,
  Beckers Group, Valspar Corporation, Clariant AG,
  Cabot Corporation, Lord Corporation, Eastman
  Chemical Company, Solvay SA and DSM.

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