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Aug 13, 2020 (Market Insight Reports) —
Market Overview:
The global automotive underbody coatings market is expected to register a significant CAGR during the forecast period. The study is a compilation of first-hand information, quantitative and qualitative assessment by industry analysts, inputs from market experts and leading participants across the value chain. The study also provides in-depth analysis of parent industry trends, macro-economic indicators as well as governing factors along with market attractiveness according to the segments. This report also plans the qualitative influence of various market factors on market segments and regional background.Likewise, the study has studied and identified all the major players functioning in the global automotive underbody coatings market. The study also offers significant data based on various parameters such as annual sales volume, market revenue, historical growth rate, and business strategies.
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Scope of the Global Automotive Underbody Coatings Market
The report has the modern trending analysis which comprises all the thorough market study and the market growth to develop the Automotive Underbody Coatings industry segment over the forecast period. The report defines how to evaluate market sales and what is the best estimatingapproach for sales? It also providesother data such as market sale terms, period, past and present sale volume, purchase cost or product cost of products or service, and industry economic conditions. Deals, value examination, and income by locales of the industry are studied.
Growing environmental concerns and severe regulations are likely to drive growth of the global automotive underbody coatings market. Furthermore, automotive underbody coating manufacturers are majorly focusing on the expansion of coatings with less VOC value. Therefore, water-based automotive underbody coatings are estimated to gain traction in the industry in the near future, due to their reduced VOC content as well as environment-friendly characteristics.Safety and maintenance of any vehicle is most importance in order to maintain the lifespan of the vehicle, therefore the metals used in the production of the vehicle must be prevented from the corrosions and rusts. Aforementioned reason is likely to boost the demand of underbody anti-rust coatings and hence in turn trigger the development of global underbody coatings market.
Segment Analysis of the Global Automotive Underbody Coatings Market
The global automotive underbody coatings market is basically segmented into product, technology, application, and geographical regions.
- On the basis of product, the automotive underbody coatings market can be segmented into bitumen-based coatings, resin-based coatings, wax-based coatings, and others.
- On the basis of technology, the automotive underbody coatings market can be bifurcated into water-based coatings and solvent-based coatings.
- On the basis of application, the automotive underbody coatings market can be divided into aftermarket services and OEM.
Geographical Analysis of Global Automotive Underbody Coatings Market
The global automotive underbody coatings market geographically segregated into North America, Europe, Asia Pacific, and the Middle East and Africa. Among these, Asia Pacific is likely to be the dominant region in the global automotive underbody coatings market. The rapidly mounting automotive industry in emerging countries such as China, India, and ASEAN in the Asia Pacific region is anticipated to propel the global automotive underbody coatings market with a substantial rate.
Competitive Landscape of the Global Automotive Underbody Coatings Market
Companies such as BASF SE (Germany), PPG Industries, Inc. (U.S.), Axalta Coating Systems (U.S.),Kansai Paint Co., Ltd (Japan), Nippon Paint Holdings Co., Ltd. (Japan), KCC Corporation (South Korea), Sherwin-Williams (U.S.), The Valspar Corporation (U.S.), AkzoNobel (Netherlands), and Jotun A/S (Norway) are the major market players in the global automotive coatings market. Different product portfolio and strategically positioned R&D centers, incessant adoption of growth strategies, and development in technology are some factors that are responsible for strengthening the market status of these companies.
Market Segmentation:
By Type:
- Bitumen
- Resin
- Wax Based
- Others
By Application:
By Region:
North America Automotive Underbody Coatings Market
- North America, by Country
- North America, by Type
- North America, by Application
Europe Automotive Underbody Coatings Market
- Europe, by Country
- Germany
- Russia
- UK
- France
- Italy
- Spain
- The Netherlands
- Rest of Europe
- Europe, by Type
- Europe, by Application
Asia Pacific Automotive Underbody Coatings Market
- Asia Pacific, by Country
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Rest of Asia Pacific
- Asia Pacific, by Type
- Asia Pacific, by Application
Middle East & Africa Automotive Underbody Coatings Market
- Middle East & Africa, by Country
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
- Middle East & Africa, by Type
- Middle East & Africa, by Application
South America Automotive Underbody Coatings Market
- South America, by Country
- Brazil
- Argentina
- Colombia
- Rest of South America
- South America, by Type
- South America, by Application
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