Market study on automotive specialty coatings market
The automotive specialty coatings industry has evolved along with the automotive industry. The demand for automotive specialty coatings market and advancements in the coatings technology is largely influenced by the increase in vehicle production, increase in the number of applications that required coating, and increasing sales of premium vehicles. The global market was estimated to be EUR 258 billion in 2017 and is projected to reach EUR 326 billion by 2025, at a CAGR of 3.12%, during the forecast period.
Interviews with industry experts
The research methodology used in the report involves various secondary sources, including paid databases and directories such as American Coatings Association (ACA), British Coatings Federation (BCF), and The International Council on Clean Transportation (ICCT) Factiva, and Hoovers. Experts from related industries have been interviewed to understand the future trends of the automotive specialty coatings market.
A bottom-up approach was used to estimate and validate the size of the global market and to estimate the size of various other dependent submarkets in the overall automotive specialty coatings market. The market size, by volume, of the market, has been derived by identifying the country-wise vehicle production and amount of coating required per application, by vehicle type. The total specialty coatings market is further segmented by technology, resin type, and substrate.
A top-down approach has been followed to estimate certain markets such as the automotive specialty coatings market by technology, by resin, and by substrate. The global numbers were broken down into regional numbers by considering all the regional trends.
The study is available via the website of MarketsandMarkets.