The report is titled ‘Automotive Wheel Coatings Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual automotive wheel coatings works, analytical approaches of the automotive wheel coatings market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The automotive wheel coatings market is expected to grow at a significant rate in the near future.
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Automotive Wheel Coatings Introduction
As things stand out, the automotive industry is one of the biggest spenders on the core research and development activities, subsequent to the software and electronics and healthcare industry. The automotive industry essentially focuses on the advancements of the in-vehicle experience and sustainability, and thus proposes new and innovative concepts.
Likewise, automotive wheel coating is another technique employed by several players to modify and alter the color of wheels, structure panels, and trim fragments through applying a colored powder onto the exterior.
Automotive Wheel Coatings Market Dynamics
The automotive wheel coating majorly serves its utility to improve the appearance and durability of the automotive vehicle, which is primarily boosting its demand all across the global markets.
In addition, the automotive wheel coating also assists in securing the vehicle from severe temperatures, as well as acid rain and UV radiation, which further contributes to its rising demand across the world. Attributing to which, the global automotive wheel coating market is projected to rise swiftly over the forthcoming years.
With the same token, several kinds of technology are employed in automotive wheel coatings which further enhances its properties, including solvent-borne, waterborne, UV-curved and powder coatings. Such factors are further projected to positively thrust the market growth in the following years. Moreover, the bumpy and poor roads as well as bad weather conditions is further elevating the demand of automotive wheel coating all around the world, ultimately estimated to lead to a rapid growth of the market over the forecast period.
However, high costs of automotive wheel coatings may slow down the market growth in the forthcoming years.
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Automotive Wheel Coatings Market Segmentation
The global automotive wheel coatings market is segmented on the basis of product type, coating type, substrate type, vehicle type, sales type, coating chemical type, rim size, and region.
By Product Type
- Clear coat/Topcoat
By Coating Type
- Solvent Borne
- Water Borne
By Substrate Type
By Vehicle Type
- Passenger Cars
- Commercial Vehicles/Light Commercial Vehicles
- Heavy Commercial Vehicles
By Sales Type
By Coating Chemical Type
- Acrylic Enamel
- Acrylic Urethane
- Acrylic Lacquer
- Zinc Phosphate
- Epoxy Polyester
By Rim Size
- Above 21”
- North America
- Latin America
- Asia Pacific
- Middle East
Automotive Wheel Coatings Market Key Players
The key participating players of the global automotive wheel coatings market include Helios Coatings, Inc., PPG Asian Paints, Allnex, Carborundum Universal Limited, Axalta Coating Systems, Ltd., Wheel Paints, Drexler Ceramic, 3M, Kansai Nerolac Paints Limited, Carlac Limited, Akzo Nobel N.V., DuPont, Dupli-Color, Nordson Industrial Coating Systems, among others.
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