Skip to main content

Automotive Coating Resin Market Demand & Supply Dynamics, Industry Processes & Cost Structures 2026

The global automotive coating resin market size is expected to reach US$ 38.4 billion by 2024, and register a CAGR of 5.2% over the forecast period (2019 - 2027).

Market Overview
Coating resins (polymer compounds) have primary application in manufacture of paints and coatings. These materials serve the purpose of providing a protective layer for a wide range of objects, and help them resist environmental conditions such as corrosion, staining, weather, and hardness. Coating resins are viscous, industrially produced substances that undergo a process called 'curing' which converts synthetic resin into rigid polymers.

Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2718
Owing to its ability to harden permanently, coating resin finds application in several end use industries such as automotive, furniture, and marine among others. Resins that are used for manufacturing automotive coating are called automotive coating resin.

Market Dynamics
Automotive coatings are applied to vehicles to protect them from extreme weather conditions, and pollution. Automotive coatings are primarily used as additives in the automotive sector, alongside other additives such as silver, enamel, and stearates. Synthetic resin provides a shiny, glossy look when applied to the vehicle. Automobile manufacturers use coating resins for passenger vehicles and light duty vehicles, as well as for heavy duty vehicles.

Automotive coating resin can either be oil based or water based. Oil based coating resins have been widely used in the past decade, however research has found that volatile organic chemicals present in the oil based coating resin results in higher emission of hazardous gases. Regulatory measures were set up by regulatory bodies in North America and the European Union to reduce the usage of oil based resins which contain harmful organic compounds that were found to pose a risk to the ozone layer. These factors have restrained growth of the automotive Coating Resin market considerably. However, research and development activities by key players to develop an environmentally friendly alternative for oil based coating are expected to benefit the market in the near future. In comparison with oil based resins, water based resins have considerably low concentration of harmful organic compounds.

Explore detail about this market study @ https://www.coherentmarketinsights.com/ongoing-insight/automotive-coating-resin-market-2718
Market Outlook
Owing to the rapidly expanding economy, in addition to industrialization and increasing disposable income in countries such as China and India, the Asia Pacific region is expected to be the fastest growing market for automotive coating resin. Another reason for Asia Pacific contributing the highest market share is that it has presence of key international car manufacturers, as well as local companies engaged in manufacturing of coating resin. Europe is expected to closely follow Asia Pacific in terms of demand for automotive coating resins, owing to a rapid recovery by the European automobile industry from the recession that had affected the industry in 2009. Demand for coating resins that are environmentally friendly are expected to witness a high demand in the North America market, owing to strict regulations implemented by regional regulatory agencies.

Key Players
Some of the prominent players in the global automotive coating resin market are Allnex Belgium SA/NV, The Dow Chemical Company, Azko Nobel N.V., BASF SE, and Nuplex Industries Ltd.
Labels:

Comments

Post a Comment

Popular posts from this blog

Application Delivery Network Market 2026 Focus On Research Methodology, Market Dynamics

Application Delivery Network is a set of technologies, which provides application availability, security, visibility, and acceleration. The application development network is primarily implemented to work with dynamic content. The major advantage of application delivery network is that it helps in improving the performance of Internet traffic. Increasing data traffic is major factor driving growth of the market. According to Coherent Market Insights, in 2016, 96,054 PB IP data traffic was generated per month and is projected to reach 278,108 PB IP data traffic by 2021, worldwide. Hence, increasing data traffic have accelerated the demand for application delivery network. Download PDF Copy @ https://www.coherentmarketinsights.com/insight/request-pdf/1390 Increasing adoption of mobile traffic is major factor driving growth of the market Increasing adoption of smart phones by user is one of the major reason for mobile data traffic. According to the Coherent Market Insights...
Post a Comment
Read more

Background Music Market Assessment, Forecast: Invant Research by 2026

Global background music market generated revenue of US$ 1.35 billion in 2017. By 2026, the background music market is expected to be valued at US$ 2.31 billion with a CAGR of 6.3% over the forecast period. AV system segment held dominant position in the global background music market in 2017 and is expected to retain its dominance over the forecast period. AV system segment generated revenue of US$ 824.5 Mn in 2017. Request sample copy here @ https://www.coherentmarketinsights.com/insight/request-sample/2563 Availability of variety of music online and affordable subscription services has increased demand for background music. Rather than using compact disc, retailers are now downloading and constantly updating music from online sources. According to Coherent Market Insights’ analysis, paid music streaming subscription revenue was around US$ 230 Mn in 2018 and will reach around US$ 342 Mn by end of 2022, globally. Moreover, to attract more consumers, royalty free background musi...
Post a Comment
Read more

Desktop virtualization Market Will Boost Developments in Global Industry by 2018-2026

Desktop virtualization is a virtualization technology, which is used to separate a computer desktop environment from physical computers by storing desktop in remote location server. Server virtualization has gained significant popularity among organizations to consolidate servers, however, desktop virtualization aid in reducing the complexity associated with deployment and maintenance of devices, which helps IT departments to reduce desktop maintenance cost. Elaborate more @ https://www.coherentmarketinsights.com/ongoing-insight/desktop-virtualization-market-1514 Due to various advantages such as cost saving, simplified management, security, flexibility, and increased productivity have led to increasing adoption of desktop application market globally. Trend of bring-your-own devices (BYOD) is a major factor for growth of the market. Employee satisfaction and retention, increased productivity, and cost saving are some of the advantages leading to demand for BYOD in various o...
Post a Comment
Read more