Global Automotive Wheel Coating Market, By Type (Powder Coating, Liquid Coating) By application (Passenger cars, Commercial vehicles) and Region - Forecast 2017-2023
Pune, India -- (SBWIRE) -- 04/17/2018 -- Market Research Future published a Half-Cooked Research Report on Global Automotive Wheel Coating Market that contains the information from 2017 to 2023.
Taste the market data and market information presented through more than 20 market data tables and figures spread in 118 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "Global Automotive Wheel Coating Market Information from 2018 to 2023"
Focus on high-quality products, changing lifestyle of consumers and rising spending power, boost the market towards growth. The major factors, which drive the global market of Automobile Wheel Coating are demand for protection against brake dust, chemicals, enhancement of sales supportive policies, and increasing purchasing power parity (PPP) in emerging economies. Automotive companies including two-wheeler manufacturers, HMV (high mileage vehicle) manufacturers, and passenger cars manufacturers are constantly trying to emphasize more on innovation for their product offering in order to enhance the efficiency of automotive.
The market has been analyzed based on the three segments: type, application and end-use in the regions of North America, Europe, APAC and Rest of the world. On the basis of type it includes Powder Coating, and Liquid Coating. It provides a more durable finish than liquid paints while still providing an attractive finish. On the basis of applications, the market includes Passenger cars, and Commercial vehicles. Passenger Cars segment accounted for the largest market share and is expected to hold the same value of share in the forecast period. Asia-Pacific region shows growth in Automotive Wheel Coating in the light and heavy commercial vehicles. The scope of the market has widened over many years, owing to the flourishing markets of Asia-Pacific.
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Asia-Pacific market is dominating the market of Automotive Wheel Coating Market due to growth in automotive sector. Large demand and production of automobiles, development of automotive manufacturing industries in developing economies such as China and India are driving the market for Automotive Wheel Coatings Market. The market in developing countries is largely driven by economic growth and ongoing industrialization, which helps in production of motor vehicles and other manufacturing output.
North America is referred to as the second-largest Automotive Wheel Coatings Market due to factors such as large customer base and high disposable income of end-users as they fuel the demand for vehicles in the country.
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Liquid Coating will be the largest segment
Liquid Coatings are used quite extensively in the automotive industry. They're primarily used as the clear coat, and top coat found on most cars and are formulated to be very durable. Powder coatings have not yet gained recognition in this area, primarily due to aesthetic reasons. Powder coatings are used by automotive wheel manufacturers, are durable and can be very cost-effective.
We recognize the key players in the Global Automotive Wheel Coating Market as PPG Industrial Coatings (U.S.), BASF SE (Germany), Akzo Nobel N.V.( Netherlands), DuPont (U.S.), Dupli-Color (U.S.), Eastwood (U.,S.), Performance Paints (U.K.), Mile High Powder Coating Inc (U.S.) , Nordson Industrial Coating Systems (U.S.)and Kansai Paint Co., Ltd (Japan).
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Automotive Wheel Coating Market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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