Lewes, DE -- (SBWire) -- 07/29/2015 --Report forecast the automotive OEM coatings market in APAC to grow at a CAGR of 5.52% over the period 2014-2019.
Automotive coatings are products used to enhance the exterior appearance and durability of a vehicle by protecting it from harsh external factors such as UV radiation, extreme temperatures, and grit from the road. Automotive manufacturers are the major end-users of automotive OEM coatings; they use the coatings during the production of new passenger cars, light commercial vehicles, and heavy commercial vehicles. Vendors in the market offer products for four different functional layers: e-coat, primer, basecoat, and clearcoat. These products can be broadly categorized into five major types based on technology: water-borne coatings, high-solid solvent-borne coatings, conventional solvent-borne coatings, powder coatings, and UV-cure coatings.
This report covers the present scenario and the growth prospects of the automotive OEM coatings market in APAC for the period 2015-2019. To arrive at the share of the leading vendors in the market and to calculate the market size, the report considers revenue generated through the sales of automotive OEM coatings. It also presents the vendor landscape and a corresponding detailed analysis of the top six vendors in the automotive OEM coatings market in APAC.
The report includes data on the different segments of the market based on the following criteria: technology, functional layer, and type of vehicle. The report covers only coatings used for automotive OEM applications and does not include products for automotive refinish or aftermarket applications.
According to the report, automotive OEMs are increasingly focusing on cost-reduction strategies, which include procurement of products at low costs and enhancing manufacturing efficiency. Market vendors coordinate closely with automakers to develop customized solutions that differentiate their products. Automotive OEMs are looking toward procurement of coatings that reduce downtime by curing in a shorter span of time. Moreover, the manufacturing process employed at paint shops consumes much energy and capital. Hence, vendors are focusing on cost-reduction solutions that could provide automotive OEMs a cost and competitive advantage in the market.
Further, the report states that new coating process technologies limiting the consumption volume of coatings.
Automotive OEM Coatings Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
key players in the Automotive OEM Coatings Market in APAC: Axalta, BASF, Kansai, Nippon, PPG and Shinto
Other Prominent Vendors in the market are: Berger Paints, Color Communications, Jotun, KCC, Sherwin-Williams and Valspar
Market Driver
- Demand for Water-borne Coatings
- For a full, detailed list, view our report
Market Challenge
- Rising Costs
- For a full, detailed list, view our report
Market Trend
- Adoption of Integrated Processes
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 75 pages and 38 Exhibits "Automotive OEM Coatings Market in APAC 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Automotive OEM Coatings Market in APAC: Key Macroeconomic Indicators, Automotive OEM Coatings Market in APAC, Market Segmentation by Technology, Market Segmentation by Functional Layer, Market Segmentation by Type of Vehicle, Market Growth Drivers, Market Challenges, Market Trends, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/automotive-oem-coatings-market-apac-2015-2019
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