Automotive Paints Market worth 998.7 Million Gallons by 2018

1. MarketsandMarkets Presents Automotive Paints Market worth 998.7 Million Gallons by 2018 with Revenue of $11.7 Billion http://www.marketsandmarkets.com/Market-Reports/automotive-paints-market-1246.html

2. The report, “Automotive Paints Market by Coat Type (Electrocoat, Primer, Basecoat, & Clearcoat), by Technology (Solvent-borne, Waterborne, & Powder Coating), Texture Type (Metallic & Solid), Vehicle Type & Geography - Global Trends & Forecast to 2018” defines and segments the automotive coating market with analysis and forecasting of the global volume and revenue. • Browse>> • 126 market data tables • 66 figures spread through 3 • 41 pages and in-depth TOC on “Automotive Paints Market • http://www.marketsandmarkets.com/Market-Reports/automotive-paints-market-1246.html • Early buyers will receive 10% customization in this report.

3. Asia-Oceania: Largest Market for Automotive Coating with Highest Revenues • It is estimated that more than 47.2 million vehicles would be produced in 2013, growing with a CAGR of 7.85% for the next five years. • In addition, the strong presence of many local automotive coating companies, such as Nippon Paint (Japan), Kansai Paint (Japan), KCC Paint (South Korea), etc. would help to fuel the market growth for coatings in this region. • Other than local players, many key global automotive coatings companies such as PPG Industries (U.S.), BASF (Germany), Axalta Coating Systems (U.S.), and others have their presence in the Asia-Oceania region, which would also influence the total market demand for automotive coatings. • Some of the above players have set up joint ventures with local manufacturers to enhance their presence on country level. http://www.marketsandmarkets.com/Market-Reports/automotive-paints-market-1246.html

4. North America: Automotive Coatings Growing at Promising Rates • North America is the third largest vehicle producer in the world and it is anticipated that about 17.9 million units of vehicles would be produced in North America in 2013. • It is projected that by 2018, it will bypass Europe and would become the second largest vehicle producer in the world growing with a CAGR of 7.50%. • This increased growth rate is due to the rapid boost in the production of vehicles across North American countries. • The reason behind this growth is the concerns regarding the environmental hazards caused by solvent-borne coating, due to which environmental agencies and governmental institutions have issued regulations and guidelines to minimize the use of automotive coatings which contain high VOCs content. • The major key local automotive coatings companies are PPG Industries (U.S.), Axalta Coating Systems (U.S.), Eastman Chemical (U.S.), Sherwin-Williams (U.S.), etc. and they have major presence in the North American market. http://www.marketsandmarkets.com/Market-Reports/automotive-paints-market-1246.html

5. Europe: Stable Growth Rate • Europe is the second largest vehicle producer in the world and it is estimated that about 18.4 million units would be manufactured in 2013, which would grow with a CAGR of 4.15% for the next five years. • The automotive coating market is projected to grow with a steady growth rate but the eco-friendly coatings would be growing with a promising CAGR for the period under study. • The norms and regulations regarding the content of VOCs have also enhanced the growth for eco-friendly coatings in Europe. The key automotive coating players in Europe are BASF (Germany), AkzoNobel (The Netherlands), Bayer (Germany), Beckers (Germany), Royal DSM (The Netherlands), etc. http://www.marketsandmarkets.com/Market-Reports/automotive-paints-market-1246.html

6. The report covers the global automotive paints market in terms of volume of consumption (million gallons) and revenue ($million) across regions such as Asia-Oceania, Europe, North America, and Rest of the World (ROW). • It explains qualitative and quantitative aspects of automotive coatings with respect to its types and technologies used. • The report briefly explains the automotive coating market on the basis of geography, vehicle type, coat types, technology, and texture type from 2013 to 2018. • The report also shows an overview of the technical as well as other important aspects of the automotive coating market. • It includes an analysis of the value chain, Porters’ five forces analysis, PESTLE analysis, the competitive landscape, and company profiles. In addition to this, 22 key players in the market have also been profiled. http://www.marketsandmarkets.com/Market-Reports/automotive-paints-market-1246.html

7. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. http://www.marketsandmarkets.com/Market-Reports/automotive-paints-market-1246.html

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