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An automotive coating is a paint used on vehicles for its protection and to enhance vehicle look. Gloss paint is most commonly used paint for various reasons which includes reducing paint's environmental effect. Recent automobile coating is put in layers, which have an aggregate thickness of ~100 µm (0.1mm). These coating applications require preliminary strides and arrangement to guaranteed the legitimate use. In a coating process, basecoat is applied after application of groundwork paint. Followed by a clear coat of paint attached to that structure, a polished and transparent covering, and this Clear-coat layer also withstands the UV light. Powder coating is a solvent-free process for coating surfaces and does not release volatile organic compounds (VOC).
In addition, increasing development activities of existing infrastructure, growing consumers’ adoption rate for personal convenience and transportation which is expected to result in increasing demand for automotive and its coatings globally are some major factors expected to drive growth of the target market. Moreover, end-user increasing preference towards private cab services, pre-owned vehicles, and increasing accidents are expected to boost the target market growth.
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However, fluctuating raw material prices required for manufacturing automotive coatings and various environmental regulation in developing as well as developed countries with respect to automotive production are some major factors expected to restrain growth of the global automotive coatings market.
Asia Pacific automotive coatings market is estimated to account for significant share in terms of revenue in 2017, and is projected to maintain its dominance over the forecast period, owing to growing demand for automotive coatings from various original equipment manufacturers in the countries in this region. Asia Pacific automotive coatings market is also expected to register fastest growth in terms of revenue in next ten years.