Acumen Research and Consulting Automotive Paints and Coatings Market | страница 2
vehicle color and weight, and improved technological changes. However, the
market faces certain disadvantages, such as price volatility and the rising
regulations on environmental and energy costs. These factors can serve as a
barrier to market growth.
In expanding the market size of automotive paints and laminations through the
projected time period, the technological advances in paint technologies play a
major part. Low temperature systems proliferation enables superior finishes of
paints at approximately 100 degrees, as opposed to approximately 150 degrees
for conventional paint systems. In addition, the technique maintains the color
uniformity between different car body parts and offers car manufacturers the
opportunity to increase their coats.
A significant part in the automotive paints and coatings market will be
represented by primary coating. The superior corrosion and scratch protection
provided by primers can be attributed to this. These coatings also offer
important UV ray protection and improved stone chipping protection. In
addition, the development of state-of – the-art primers for application in
stainless steel, aluminium, cold rolling steel, and fiber glass further accelerates
the segment share over the expected timeframe.
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Growth Factors
Customers are increasingly expecting new colors and solutions, primarily for the
sustainable development, durability and cosmetic of vehicles. Paint companies
cooperate in the reduction of toxic substances in paint with automobile
operators. Elimination of toxic gas emissions during painting, which promotes
workers ‘ safety, is done by developing waterborne products with lower volatiles
organic compounds (VOC). The development of such lacquers also helps to
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