Lucintel Anticipates the Global Automotive Coatings Industry to Grow at a CAGR of 3.2% during 2014-2019

Coatings enhance appearance, resist heat, chemicals and protect against corrosion. It ensures long protection of cars against external factors. The demand for automotive coatings is to grow at a CAGR of 3.2% during 2014-2019. The Asia Pacific region is expected to represent approximately 44.0% of the global automotive coatings industry by 2019.

Revival in the automotive production and sales and changing environmental regulations have placed the automotive coatings industry on a positive growth track. Increasing number of vehicles in operation and improved coatings product features have boosted the demand of automotive coatings. Stringent government regulations on environmental concerns are forcing the automotive coating manufacturers to focus on water-borne coatings. The US and European regulations require water-borne coatings to have a Volatile Organic Compounds (VOC) content of less than 3.5 pounds per gallon of water. These kinds of regulations are expected to drive the market of water-borne coatings segment in the future.

The global automotive coatings industry is expected to reach $18.2 billion by 2019. The Original Equipment Manufacturers (OEM) market segment will remain the largest segment in the automotive coatings industry during the forecast period. PPG Industries Inc, Dupont (Axalta Coating System, LLC), BASF SE, Akzo Nobel N.V., and Kansai Paints Co. are some of the suppliers of automotive coatings for various applications in the automotive industry.

Lucintel, a leading global management consulting and market research firm, has analyzed the global automotive coatings industry by types of technologies, applications, coatings, and regions and has come up with a comprehensive research report, “Growth Opportunities in Global Automotive Coatings Industry 2014-2019.” This report provides an analysis of the automotive coatings industry including an analysis of the market trends, competitive landscapes, company profiles, emerging trends, and key drivers of market growth. The study also includes the global automotive coatings industry forecasts through 2019, segmented by regions, types of technologies, application markets, and coatings types.

This 145-page research report will enable you to make confident business decisions in the global automotive coatings industry. For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, SWOT Matrix and Capital Investment Feasibility. To learn more, visit www.lucintel.com. You can also contact us through Live Chat, located on the website, to answer your questions in real time.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategy for growth, whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market entry strategies, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.

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