This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Automotive Paints Market By Coat Type (Electrocoat, Primer, Basecoat & Clearcoat), By Technology (Solvent-Borne, Waterborne & Powder Coating), Texture Type (Metallic & Solid), Vehicle Type & Geography - Global Trends & Forecast To 2018

NEW YORK, Sept. 26, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Automotive Paints Market by Coat Type (Electrocoat, Primer, Basecoat & Clearcoat), by Technology (Solvent-Borne, Waterborne & Powder Coating), Texture Type (Metallic & Solid), Vehicle Type & Geography - Global Trends & Forecast to 2018 http://www.reportlinker.com/p01636159/Automotive-Paints-Market-by-Coat-Type-Electrocoat-Primer-Basecoat--Clearcoat-by-Technology-Solvent-Borne-Waterborne--Powder-Coating-Texture-Type-Metallic--Solid-Vehicle-Type--Geography---Global-Trends--Forecast-to-2018.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Paint_and_Coating

Automotive Paints Market by Coat Type (Electrocoat, Primer, Basecoat & Clearcoat), by Technology (Solvent-Borne, Waterborne & Powder Coating), Texture Type (Metallic & Solid), Vehicle Type & Geography - Global Trends & Forecast to 2018

The automotive paints industry has not only adopted the advancements in the automotive industry but it is also growing in line with the automobile demand. The growth of the automotive paints technology can be defined as multifaceted as it has grown in terms of its products, and color options offered to the customers and durability. The industry started with simple natural pigments, and varnishes applied on wooden parts of the vehicles. However, in order to offer better designs, safety, and occupancy, the automotive manufacturers replaced the wooden parts with lightweight materials such as steel, aluminum, plastic/fiber, etc., and, hence the coatings were changed as well. The present day automobiles are coated with high tech polymer based coatings. The conventional coating application methods such as air dry varnish were popular in the past; however, new cost-effective technologies (namely, air gun, HVLP guns, etc.) have successfully replaced them. At present, the industry players are focusing on the spray technologies with minimal wastage, environment friendly coatings (such as low Volatile Organic Compounds (VOC) waterborne paints, zero VOC powder coating, or futuristic UV coating), and reduction in the coating layers with its thickness.

The demand for vehicles has been increasing at a promising rate, specifically for passenger cars and light commercial vehicles. According to the OICA (Organization Internationale des Contructeurs d' Automobiles), the global vehicle production in 2012 reached to 84.1 million units, of which 63.0 million units were passenger cars, light commercial vehicles accounted for 16.9 million, and heavy commercial vehicle production was 4.1 million units. Due to the increase in the vehicle production, automotive paints consumption also increased in 2012 and it is anticipated that the market for automotive paints would be growing at a promising rate. This increase in the demand of automotive paints gives rise to concerns over the hazard caused by the VOCs present in the coatings. To withstand the existing and upcoming environmental regulations, automotive manufacturers from the European and North American countries have shifted to low VOC products such as waterborne or powder coatings. The changes in the environmental norms would also be applied in other regions as well, and the pace of the shift from solvent-borne to waterborne would also increase in the Asia-Oceania region and other countries of South America & Africa and Russia.

In addition to these, improved lifestyle, changing buyer's preferences, and economic growth, with increasing vehicle fleet has increased the need for advanced automotive paints technology and more color options for the customers. Along with aforesaid reasons and changing governmental environment regulations, advanced coating solutions are developed and provided by the automotive paints companies to the vehicle manufacturers.

1 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,214.42 -10.15 -0.06%
S&P 500 2,110.74 -3.12 -0.15%
NASDAQ 4,987.89 +20.7530 0.42%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs