Global Automotive OEM Coating Market expected to grow at 4.81% CAGR from 2014 to 2019

Big Market research has added a report titled “Global Automotive OEM Coating Market: Size and Forecast 2015-2019”. As per the report, cognitive computing market is forecast to grow at 4.81% CAGR amid the period 2014-2019. The report offers comprehensive insight into the current and future market trends in terms of key macro-economic indicators, key drivers and restraining factors, detailed forecast and segmentation along with business profile of key market players.

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The report is prepared by market analysts with the help of industry experts and offers a detailed analysis of the growth prospects of global automotive OEM coating by offering data on market share and size in terms of volume and revenue. The report further offers an analysis of the market dynamics of the technology segment by describing the industry share and size on major segments such as high-solid solvent-borne, water-borne, , powder, conventional solvent-borne and UV-cure coatings.

Based on functional layer the report covers the major segments such as e-coat, primer, basecoat, and clear coat. Based on type of vehicle, the report segments the market into passenger cars, heavy commercial vehicles and light commercial vehicles. Major geographical regions covered are Central and South America, APAC, Europe, North America and, MEA.

The report discusses how providing provision of support services for global automotive OEM coating market will drive the growth momentum of the market globally. The report highlights the dominant market trend of increased adoption of UV-cure coatings is expected to offer a fillip to the global automotive OEM coating market. The report offers a detailed analysis of the competitive market landscape in terms of recent technological innovations such as exclusive color offer and customized services. BASF SE, one of the largest chemical producers in the world developed XSpark coatings, an innovative color effect honored with the prestigious Red Dot Award for Product Design. XSpark’s exclusive color effect for the automotive industry is superior to other special-effect pigments and has an aesthetic appeal. The material is applied in a single step and the layer is just 10-20-µm-thick, and can be applied pairing it with other pigmented paint imparting pure, solid-color reflection with a homogenous surface.

The unique combination of color and special effects makes automotive colors multifaceted, thus giving a competitive edge to the company. Other major chemical manufacturer companies are also engaged in producing such innovative coatings.

Key market players profiled in the report includes, Kansai Paint, Nippon Paint Holding, PPG Industries, Axalta Coating Systems, Akzo Nobel, Jotun, Berger Paints, Beckers, MICI Coatings, Sherwin-Williams, LORD, KCC, Valspar.

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