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Automotive Wheel Coating Market 2023: Comprehensive Study Explores Huge Revenue Scope in Future | Leading Key Players DuPont (U.S.), Dupli-Color (U.S.), Performance Paints (U.K.), BASF SE (Germany)

Automotive Wheel Coating Market 2023: Comprehensive Study Explores Huge Revenue Scope in Future | Leading Key Players DuPont (U.S.), Dupli-Color (U.S.), Performance Paints (U.K.), BASF SE (Germany)

August 31
10:13 2019
Automotive Wheel Coating Market 2023: Comprehensive Study Explores Huge Revenue Scope in Future | Leading Key Players DuPont (U.S.), Dupli-Color (U.S.), Performance Paints (U.K.), BASF SE (Germany)

“Automotive Wheel Coating Market Research Report – Forecast 2023”
Global automotive wheel coating market is projected to grow at a CAGR of 2.9% during the forecast period.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.

Market Research Future Published a Half-Cooked Research Report on Global Automotive wheel coating Market Research Report.

The automotive wheel coating market is segmented by type, application, and region. Prominent market players include DuPont (U.S.), Dupli-Color (U.S.), Performance Paints (U.K.), BASF SE (Germany), Kansai Paint Co., Ltd (Japan), PPG Industrial Coatings (U.S.), Mile High Powder Coating Inc. (U.S.), Eastwood (U.S.), Akzo Nobel N.V. (Netherlands), and Nordson Industrial Coating Systems (U.S.). The global market is fragmented owing to presence of various players. The increased per capita income of consumers coupled with demand for cars with superior external finishes is likely to fuel a steady demand.

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The global automotive wheel coating market is projected to expand at a 2.9% CAGR from 2017 to 2023 (forecast period), according to a report by Market Research Future (MRFR). Automotive wheel coatings comprise coatings designed to withstand extreme temperatures. The coating assists in restoring the original appearance of the wheel. In addition, improvements in wheel coating formula have extended its protection power against chemicals, chipping, and brake dust.

The rise in demand for coatings for wheel rims as well as wheels derived from new substrates is expected to fuel the automotive wheel coating market growth over the forecast period. Concerns regarding corrosion of wheels coupled with the booming automotive sector in Asia Pacific can bolster market demand. Refinishing jobs of old automobiles is also expected to contribute to market demand. Fluctuation in raw material prices can act as a potential deterrent against market growth.

Technological breakthroughs in wheel coatings have improved its features such as hydrophobic nature of coatings to repel water. Lacquer coatings are known to enhance external appearances and provide protection against moisture, ultraviolet (UV) radiation, etc. Environmental concerns have led to demand for eco-friendly coatings which can be energy-efficient. Tax subsidies and sops given by governments are ensured to provide automotive coating manufactures sufficient incentives to invest in green coatings. For instance, Winona PVD Coatings has launched a production facility in Poland to extend its capacity and cater to rising demand from end-users.

Functional coatings are on the rise with the consumer demand for easy-to-clean surfaces. Zinc-rich coatings are gaining traction owing to their superior performance in corrosive environments. Development by manufacturers of modified resins to enhance the performance of coatings can bode well for the market. For instance, Corbion N.V., a Netherlands-based company, has launched PURALACT, a renewable component capable of enhancing the capacity of resins. Tests are being conducted to test durability of coatings in closed and open environments and increase their lifespan.

By type, the market is segmented into liquid and powder coatings. The powder coatings segment is projected to exhibit a strong growth rate owing to higher efficiency rate and low volatile organic compound emission rate. Furthermore, increasing usage of powder coatings for enhancing the shine of bumpers, mirror brackets, and steering wheels can fuel its demand. The liquid coatings segment can create global demand owing to its availability of a gamut of colors and solvent-based coatings.

By application, the market is segmented into passenger cars and commercial vehicles. The passenger segment is deemed to experience a steady growth rate over the forecast period owing to increased purchasing power of consumers and booming aftermarket sector. Sales of premium cars can signal a demand for wheel coatings.

Geographically, the market covers trends in North America, Europe, Asia Pacific, and Rest-of-the-World (RoW). The Asia Pacific market is expected to dominate over the forecast period owing to rise in disposable incomes of consumers and burgeoning demand for cars in the region. Developing economies such as India and China are likely to sustain market demand owing to rapid industrialization and strong economic growth rates. North America is the second-largest market after Asia Pacific owing to its large consumer base and purchasing power of consumers.

The Europe automotive wheel coating market is likely to experience a steady demand owing to sales of light commercial vehicles and regulations regarding use of eco-friendly materials.

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Table of Content:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3… Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4… Global Automotive Wheel Coating Market, By Type

4.1 Powder Coating

4.2 Liquid Coating

5… Global Automotive Wheel Coating Market, By Application

5.1 Introduction

5.2 Passenger Cars

5.3 Commercial Vehicles

6 Regional Market Analysis

6.1 Introduction

6.2 North America

6.2.1 U.S.

6.2.2 Canada

6.3 Europe

6.3.1 U.K

6.3.2 France

6.3.3 Germany

6.3.4 Spain

6.3.5 Rest Of Europe

6.4 Asia-Pacific

6.4.1 China

6.4.2 Japan

6.4.3 India

6.4.4 Rest Of Asia-Pacific

6.5 Rest Of The World

LIST OF TABLES:

TABLE 1 GLOBAL AUTOMOTIVE WHEEL COATING MARKET, BY TYPE

TABLE 2 GLOBAL AUTOMOTIVE WHEEL COATING MARKET, BY APPLICATION

TABLE 3 GLOBAL AUTOMOTIVE WHEEL COATING MARKET, BY REGIONS

TABLE 4 NORTH AMERICA AUTOMOTIVE WHEEL COATING MARKET, BY COUNTRY

TABLE 5 NORTH AMERICA AUTOMOTIVE WHEEL COATING MARKET, BY TYPE

TABLE 6 NORTH AMERICA AUTOMOTIVE WHEEL COATING MARKET, BY APPLICATION

TABLE 7 U.S. AUTOMOTIVE WHEEL COATING MARKET, BY TYPE

TABLE 8 U.S. AUTOMOTIVE WHEEL COATING MARKET, BY APPLICATION

TABLE 9 CANADA AUTOMOTIVE WHEEL COATING MARKET, BY TYPE

TABLE 10 CANADA AUTOMOTIVE WHEEL COATING MARKET, BY APPLICATION

TABLE 11 EUROPE AUTOMOTIVE WHEEL COATING MARKET, BY COUNTRY

TABLE 12 EUROPE AUTOMOTIVE WHEEL COATING MARKET, BY TYPE

LIST OF FIGURES:

FIGURE 1 RESEARCH TYPE

FIGURE 2 GLOBAL AUTOMOTIVE WHEEL COATING MARKET: BY TYPE (%)

FIGURE 3 GLOBAL AUTOMOTIVE WHEEL COATING MARKET: BY APPLICATION (%)

FIGURE 4 GLOBAL AUTOMOTIVE WHEEL COATING MARKET: BY REGION

FIGURE 5 NORTH AMERICA AUTOMOTIVE WHEEL COATING MARKET, BY TYPE (%)

FIGURE 6 NORTH AMERICA AUTOMOTIVE WHEEL COATING MARKET, BY APPLICATION (%)

FIGURE 7 EUROPE AUTOMOTIVE WHEEL COATING MARKET, BY TYPE (%)

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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