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Automotive Wheel Coating Market OverviewAutomotive Wheel Coating Market Size to grow at CAGR of 3.20%, during 2020 to 2030, Automotive Wheel Coating Market Analysis, Share, Trends, and Industry Forecast by type, Application, and End User Market Scenario: Automotive wheel coating is a type of specialty coating manufactured by a composition of pigments, resins and chemicals. Coating helps restore original wheel appearance and also protects against brake dust, chemicals, cleaning solvents, heat, and chipping. Moreover, it plays an important role in improving exterior look as well as fuel efficiency of the car. Increasing applications of automotive wheel coating in various wheel rims and increasing demand for the new type of coating are the main drivers of the market growth. The demand for coatings, such as coating product type and coating form type, which offer better protection of different wheel substrates is increasing significantly.
However, Volatility in raw material prices acts as a major restraint of the growth of the market. Automotive wheel coating market is projected to grow at a CAGR of 2.9% during the forecast period.
Study Objectives of Automotive Wheel coating markets Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the automotive wheel coating market
- To provide insights about factors affecting the market growth
- To analyze the automotive wheel coating markets market based on tools such as Porter’s Five Forces Analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies, North America, Europe, Asia, and Rest of the World (ROW) and their countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by type, application and sub-segments
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the automotive wheel coating market
Global Automotive Wheel coating market: Segmentation:
Regional Analysis: Asia-Pacific market is dominating the market of automotive wheel coating market due to growth in automotive sector. Large demand and production of automobiles, development of automotive manufacturing industries in developing economies such as China and India are driving the market for automotive wheel coatings market. The market in developing countries is largely driven by economic growth and ongoing industrialization, which helps in production of motor vehicles and other manufacturing output.
North America is referred to as the second-largest automotive wheel coatings market due to factors such as large customer base and high disposable income of end-users as they fuel the demand for vehicles in the country.
Key Players: The major player operating in the market of global automotive wheel coating are PPG Industrial Coatings (U.S.), BASF SE (Germany), Akzo Nobel N.V.( Netherlands), DuPont (U.S.), Dupli-Color (U.S.), Eastwood (U.,S.), Performance Paints (U.K.), Mile High Powder Coating Inc (U.S.) , Nordson Industrial Coating Systems (U.S.) and Kansai Paint Co., Ltd (Japan). Target Audience:
- Organizations
- Manufacturer
- Research Institute / Education Institute
- Potential Investors
Product Analysis:
- Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information:
- Regulatory Landscape
- Pricing Analysis
- Macroeconomic Indicators
Geographic Analysis:
- Geographical analysis across 15 countries
Company Information:
- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
The report for Global Automotive Wheel Coating Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2030 : Significant value |
| CAGR | 2.9% (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | PPG Industrial Coatings (U.S.), BASF SE (Germany), Akzo Nobel N.V.( Netherlands), DuPont (U.S.), Dupli-Color (U.S.), Eastwood (U.,S.), Performance Paints (U.K.), Mile High Powder Coating Inc (U.S.) , Nordson Industrial Coating Systems (U.S.) and Kansai Paint Co., Ltd (Japan). |
| Key Market Opportunities | Increasing applications of automotive wheel coating in various wheel rims and increasing demand for the new type of coating are the main drivers of the market growth. |
| Key Market Drivers | The growing automotive industry is the major driver for the automotive wheel coating market. |
Frequently Asked Questions (FAQ) :
The market is expected to exhibit a strong 3.20% CAGR over the forecast period from 2020 to 2030
The growing automotive industry is the major driver for the automotive wheel coating market.
Volatility in the prices of raw materials is the major restraint on the global automotive wheel coating market.
Asia Pacific is the leading regional market.
Leading players in the market include DuPont, PPG, and BASF, among others.
