Acumen Research and Consulting Automotive Paints and Coatings Market | Page 3

reduce waste disposal problems due to the reduced use of harmful substances, and so to increase the size of the car layers. In the automotive paint and coating sector, he is given great opportunity to quickly implement advanced powder coating and thermal spray technology. Automatic paint and coating has various advantages, including outstanding durability and durability, measurable thickness, hardness, easier maintenance, contamination resistance, hydrophobic characteristics, high gloss and gloss. Regional Snapshots In terms of market share, Asia-Pacific is the world’s leading/important region, over 50 % in 2018. Increased automotive sales and production in China, Japan, India, South Korea and Thailand drives the automotive sector in Asia Pacifico. China was the largest automotive producer and is probably the leading producer due to the country’s economic work. As vehicle manufacturing in Germany, Sweden, Italy, France and the UK increase, Europe will be experiencing steady growth over the next few years. In Asia-Pacific the growth rate / CAGR is expected to increase in the 2018-2025 projection period. Explore Our Market Blog@ https://www.acumenresearchandconsulting.com/blogs Key Players & Strategies Nippon Paint Holdings Co. is also a few of the industry participants in the car layers and coatings market. The other major actors are Wanda Refinish, Akzo Nobel NV, Axaltra Coating Systems, KCC Corporation, PPG Industries Inc., Donglai Coating Technology, Clariant AG, and Valspar. Ltd. Covestro, Cabot Corp., Eastman, Dupont and BASF SE. Strategic joint ventures and partnerships between industry players are one of the strategies for increasing their market share in the industry. In February 2019, for example, Nippon announced that it is providing car painting services to India in its strategic joint venture with Blue Bird Automotive. Would like to place an order or any question, please feel free to contact at [email protected] | [phone]