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(Transportation-News.com, October 10, 2018 ) According to a new study published by Polaris Market Research the global automotive coatings market is anticipated to reach USD 35.82 billion by 2026. Escalating demand for coating materials in automobiles owing to its growing popularity of protecting car paints from extreme heat, acid rain, dust, UV radiations etc.
along with its inherent characteristics of enhancing vehicle appearance are expected to be the major factors driving the demand for automotive coatings. These products are used for coating surfaces of automobiles and are capable of producing long-lasting surfaces in automobile satisfying customers’ needs along with maximizing efficiencies, enhancing appearance and meeting environmental regulations.
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Current trends for automotive coating and its application process are aggravated by its shrinking cost of manufacturing, delivering buyer satisfaction by means of corrosion protection and enhancing aesthetic features, along with mitigating environmental concerns. Tremendous quantity of consideration has already been put into the current used automobile coating systems, and they carry a level of sophistication that has been satisfying most customers globally.
The advent of the new smart coatings has almost alleviated the problem of corrosion, appearance and durability of car topcoats making them perfectly acceptable for lifetime of any vehicle. The emergence of two-layer topcoats worldwide and the gloss, color, and chip resistance offered by these products remains functional in its first seven to ten years of use. These advantages associated with the products are the primary reasons anticipated to drive the market.
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Asia Pacific is expected to emerge as the largest regional market by 2026. Presence of an established automobile manufacturing base in many nations of the region along with India’s increasing automobile production along with the other Southeast Asian countries are the major factors driving the industry. Several research and development projects undertaken by many industry participants along with universities have been the major factors for the developing high performance automotive coating materials market of the region. Presence of a well-established automobile manufacturing base in the U.S. and significantly growing automobile production market especially in Mexico and Canada apart from the U.S. are the major factors driving the North American industry.
Some of the leading industry participants in this category of coating production globally includes Solvay, DSM, Lord Corporation, Jotun A/S, Eastman Chemical Company, Clariant AG, Cabot Corporation, Berger Paints, Beckers Group, Arkema SA, Sherwin-Williams Company, AkzoNobel, Valspar Corporation, KCC Paint, Bayer AG, Nippon Paint, Kansai Paint, PPG Industries, BASF and Axalta Coating Systems.
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About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies.
Polaris Market Research
Neel
+1-646-568-9980
neel@polarismarketresearch.com
Source: EmailWire.Com 
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