Transparency Market Research Report Added "Automotive Paints Market" to its database.
Albany, NY -- (SBWIRE) -- 06/23/2015 -- Automotive paint plays an important role in the protection of automotives against acid rains, UVrays, oxidization and corrosion. It is one of the primary features that a customer sees and is attracted towards. Most people judge the performance and durability of the respective vehicle by the quality and durability of its paint. Automotive paints have low VOC & high solid content.
They are easy to apply and are clean and wear resistant. Companies are also using paints such as high-solids, powder, water-based, and radiation-cure paints which have low or no volatile organic compounds. But using more aqueous and volatile organic compounds-free paints result in higher cost, low surface performance, and increased drying time, so a balance needs to be maintained.
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Since the competition is high, automotive paints manufacturers are pressurized to increase sales by compromising on their profit margins. Therefore, they are coming up with new innovative automotive paint products to capture more market share. The automotive paints market is large and extremely fragmented. Due to this it is not easy for automotive paints manufacturers to directly contact the end-users once the vehicle is sold for after-sales service.
This market of automotive paints is mostly covered by local and small players of that region. The topmost automotive paints manufacturers mostly directly sell their paints to automotive manufacturers only and therefore their largest market is the manufacturing and sale of new automotives.
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The automotive paints market is increasing with an increase in automotive sales and demand. The accelerated pace of economic activity in developing countries (Brazil, India, Russia, and China) is also boosting the demand for automotives in these regions and thereby increasing the demand for automotive paints. Asia-Pacific, at present, is dominating the automotive paints market, followed by North America and Europe.
Different products that come under automotive paints include clear coats and touch-up paints, pretreatment chemicals, intermediate coats, electrodeposition primers, and solid and metallic top coats. Automotive paints are required for metal, plastic exterior paint and for interior coating. Different types of coating that are used in automotive paints include electrocoats, primers, powder coatings, base coats, and clear coats.
Some of the major companies that deal in automotive paints include DuPont, PPG, Nippon Paints, Kansai Nerolac Paints, BASF, AkzoNobel, KCC, and Guangdong Yin Fan Chemistry Co. Ltd.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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