Automotive Specialty Coatings Market to Reach Over $4.43 Billion by 2028 - Exclusive Report by Vantage Market Research


WASHINGTON, Jan. 24, 2022 (GLOBE NEWSWIRE) -- The Global Automotive Specialty Coatings Market size is expected to reach over USD 4.43 Billion by 2028, exhibiting a CAGR of 3.7% during the forecast period.

Market Synopsis

The major factor responsible for witnessing the significant growth of the market is an increasing demand of the consumers for the improved performance and durability of the automobiles and thereby, increasing vehicle production. In addition, the rising focus on the appearance of the vehicle by the most millennial population led to propel the market growth. However, the rising demand for the utilization of the battery vehicle and the introduction of engine downsizing are factors expected to restrain the market growth, states Vantage Market Research, in a report, titled “Automotive Specialty Coatings Market by Application (Engine exhaust, Interior, Transmission, Wheels), by Technology (Solvent-borne, Water-borne, Powder), by Resin (PU, Epoxy, Acrylic, Substrate), by Regions (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.

Click Here To Access The Free Sample Report @ https://www.vantagemarketresearch.com/automotive-specialty-coatings-market-1173/request-sample

(The Free Sample Of This Report Is Readily Available On Request).

Our Free Sample Reports Includes:

  • In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
  • Impact Analysis 170+ Pages Research Report (Including latest research)
  • Provide chapter-wise guidance on request 2021 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.
  • Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using Vantage Market Research methodology.

(Please note that the sample of this report has been updated to include the COVID-19 impact study prior to delivery.)

List of Prominent Players in the Automotive Specialty Coatings Market:

  • KCC (South Korea)
  • Nippon Paint (Japan)
  • PPG (US)
  • Axalta (US)
  • BASF (Germany)
  • AkzoNobel (Netherlands)
  • Kansai (Japan)
  • Sherwin Williams (US)
  • Covestro (Germany)
  • DOW Chemical (US)
  • Solvay (Belgium)

Market Dynamics:

Driver: Growth in Technological Advancements and Electronic Industry

Rise in demand for compact size and high speed of electronic products have facilitated the need of Automotive Specialty Coatings technology. Additionally, module size reduction coupled with improved thermal and electrical performance are the major requirements of products which are portable electronic devices such as digital camera & camcorders, smartphones, wearable electronics, household electronics, and laptops & tablets. Moreover, IoT earns popularity in the sector, and is considered as a new wave of technology.

Regional Trends:

Asia Pacific is likely to dominate the market for Automotive Specialty Coatings (SIP) owing to the increasing application of the technology especially, from consumer electronics industry along with popularity of several market players in the region. Furthermore, North America market for Automotive Specialty Coatings is expected to rise at the highest CAGR in the forecast period. The region has been active in the area of superconductivity from the beginning and is also consistently making enhancements in this technology.

Purchase This Premium Report Now @ https://www.vantagemarketresearch.com/buy-now/automotive-specialty-coatings-market-1173/1

Benefits of Purchasing Automotive Specialty Coatings Market Reports:

  • Customer Satisfaction: Our team of experts assists you with all your research needs and optimizes your reports.
  • Analyst Support: Before or after purchasing the report, ask a professional analyst to address your questions.
  • Assured Quality: Focuses on accuracy and quality of reports.
  • Incomparable Skills: Analysts provide in-depth insights into reports.

Key Findings

  • Wire Bond to hold a Significant Share: Based on interconnection technology segment, the Wire Bond segment led the market in terms of revenue globally, and is likely to follow this trend in the coming years. The Flip Chip segment is also anticipated to witness huge growth owing to a rise in demand in consumer electronics sector for integrated chips.

  • Consumer Electronics to hold a Significant Share: Based on application segment it is divided into Consumer Electronics, Industrial, Automotive & Transportation, Aerospace & Defence, Healthcare, Emerging & Others, the consumer electronics segment dominated the market in terms of revenue contribution, owing to rising demand for IoT and portable electronic gadgets demand globally.

Key questions answered in the report:

  • Which regional market will show the highest and rapid growth?
  • Which are the top five players of the Automotive Specialty Coatings Market?
  • How will the Automotive Specialty Coatings Market change in the upcoming six years?  
  • Which application and product will take a lion’s share of the Automotive Specialty Coatings Market?   
  • What are the Automotive Specialty Coatings market drivers and restrictions?  
  • What will be the CAGR and size of the Automotive Specialty Coatings Market throughout the forecast period?

COVID-19 Analysis:

The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the Automotive Specialty Coatings Market. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:

  1. Impact Assessment of COVID-19 Pandemic
    1. North America
    2. Europe
    3. Asia Pacific
    4. Latin America
    5. Middle East & Africa
  2. Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
  3. Key Strategies Undertaken by Companies to Tackle COVID-19
  4. Long Term Dynamics
  5. Short Term Dynamics

Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/automotive-specialty-coatings-market-1173

The report on Automotive Specialty Coatings Market highlights:

  • Assessment of the market
  • Premium Insights
  • Competitive Landscape
  • COVID Impact Analysis
  • Historic Data, Estimates and Forecast
  • Company Profiles
  • Global and Regional Dynamics

This market titled “Automotive Specialty Coatings Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:

Report AttributeDetails
Market Size in 2021USD 3.43 Billion
Projected Market Size in 2028USD 4.43 Billion
CAGR Growth RateCAGR of 3.7% from 2022–2028
Base Year2021
Historic Years2016 – 2020
Forecast Years2022 – 2028
Segments CoveredApplication: - Engine exhaust, Interior, Transmission, Wheels

Technology: - Solvent-borne, Water-borne, Powder

Resin: - PU, Epoxy, Acrylic, Substrate, ICE, Electric & hybrid vehicle
Quantitative Data - UnitsRevenue in USD Million/Billion and CAGR from 2022 to 2028
Regions CoveredNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries CoveredU.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Report CoverageMarket growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Browse market data Tables and Figures spread through 180 Pages and in-depth TOC on "Automotive Specialty Coatings Market by Application (Engine exhaust, Interior, Transmission, Wheels), by Technology (Solvent-borne, Water-borne, Powder), by Resin (PU, Epoxy, Acrylic, Substrate), by Regions (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/automotive-specialty-coatings-market-242637

Customization of the Report:

The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

Download Free Sample Report Now @ https://www.vantagemarketresearch.com/automotive-specialty-coatings-market-1173/request-sample

Browse More Related Report:

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.

Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/

Follow Us on Twitter: https://twitter.com/vantagemarketr

Contact us

Eric Kunz

6218 Georgia Avenue NW Ste 1 - 564

Washington DC 20011-5125

United States Tel: +1 202 380 9727

Email: sales@vantagemarketresearch.com

Website: https://www.vantagemarketresearch.com/

Latest Vantage Market Research Press Releases @ https://www.vantagemarketresearch.com/insight/press-releases

Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs