The outlook for the global automotive paint and coating market is expected to remain positive in the near term. This is stated in a recent report on it added by MarketResearchReports.biz.

Albany, NY -- (SBWire) -- 08/30/2018 --The report is titled, "Global Automotive Paint & Coating Market Insights, Forecast to 2025." Paints and coatings help to enhance the appearance and provide greater protection to automotive surfaces. Automotive paint and coating comprise of E-coat, base coat, primer, and clear coat. Clear coat, among them, is done last post basecoat, e-coat, and primer. The clear coat, as the name suggests, does not impart any color to the body of a car. It protects the basecoat from sun, ultraviolet rays, and extreme environmental conditions.

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The report finds that the global automotive paint and coating market will receive a major impetus from the increasing disposable incomes of people worldwide. With greater purchasing capacity, consumers will likely buy cars or replace their existing ones with newer models. In response, manufacturers worldwide are predicted to come up with newer and more number of units of existing models. All this are set to drive demand for automotive paint and coating.

A noticeable trend in the global automotive paint and coating market is the substantial thrust on creating better products by players. However, discharge of toxic and volatile organic compounds into the environment is posing a challenge to market growth. To overcome the hurdle, manufacturers are seen rolling out green coatings and nano-coatings.

Depending upon the underpinning technology, the global automotive paint and coating market can be segmented into solvent-borne coatings, water-based coatings, high solid coatings, and powder coatings. While so far the solvent-borne coatings have seen maximum demand, going forward, the water-borne and powder technologies will see greater demand. This is because of the last twos negligible impact on the environment unlike the solvent-borne coatings. Between powder technologies and water-borne technologies again, the latter is seeing higher uptake because of its USPs. Those include its lower toxicity and flammability. Besides, it has limited HAP and VOC emissions. Water-borne coatings also have incredible adhesion and heat resistance compared to others.

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From a geographical standpoint, Asia Pacific is a leading region in the global automotive paint and coating market. At the forefront of driving growth in the market are nations of China, South Korea, India, and other Asian tigers. They are not just emerging as top market for sales but also for manufacture. Further, China and India are setting up advanced research centers for formulating better products.

Leading players in the global automotive paint and coating market account for a substantial share in it. This makes the competitive landscape consolidated. Some of the key players in the market are BASF, PPG, Nippon, Axalta Coating Systems, and Kansai.

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