Skip to main content

Transportation Coating Market | Present Scenario, Key Vendors, Industry Share, and Growth Forecast up to 2022 | The Sherwin-Williams Company, The Dow Chemical Company, PPG Industries, Inc

 Over the past decades, engineered particularly for withstanding mechanical as well as thermal stress, high performance coatings have experienced a substantial adoption in transportation sector. These transportation coating have then been integrated into the vehicle production. The practice of coating surfaces of metal in long haul trailers and trucks with the high-velocity oxygen fuel (HVOF) has been exercised actively in the production of vehicles as well as their components that are used for the purpose of transportation.

According to Future Market Insights’ (FMI) recently published report, the global market for transportation coating will account for revenues over US$ 12 Bn by 2022-end. The report has projected future of transportation coatings in being important industrial materials for utilisation in the transportation sector for the five year assessment period (2017-2022). The report also delivers analysis on key regional segments, wherein Asia-Pacific excluding Japan (APEJ) has been anticipated to remain the most lucrative market for transportation coatings over the assessment period.

View Full Report at https://www.futuremarketinsights.com/reports/transportation-coating-market 

Sales of Solvent-based Coatings to Exhibit Fastest Expansion through 2022 

The report has also analysed the global market for transportation coatings based on the types of coatings. Global sales of solvent-based transportation coatings are estimated to bring in nearly US$ 3.5 Bn revenues in 2017. Projected to account for nearly two-fifth share revenue share of the market, solvent-based transportation coatings will exhibit the fastest expansion throughout the assessment period. Demand for these coatings has been anticipated to rise, owing to their characteristics of being less prone to changes in humidity and temperature.

However, high VOC emissions are associated with manufacturing solvent-based transportation coatings that leads to an environment adversity. This factor has been expected to be a key restraint in adoption of solvent-based transportation coatings. In addition, demand for power coatings is expected to remain steady in the global market for transportation coatings. A robust expansion has been projected for sales of pre-treatment coatings through 2022.

Market Taxonomy

Coating Type

  • Water-based
  • Solvent-based
  • Powder
  • Pre-treatment
  • Others

End-user

  • Automotive OEMs
  • Heavy Duty Truck Industry
  • Bus Manufacturers
  • Rail Industry
  • Other End-user

Application 

  • Metal Coating
  • Plastic Coating
  • Carbon Fiber

Request to View Sample Report – https://www.futuremarketinsights.com/reports/sample/rep-gb-5083

Utilisation of Transportation Coatings from OEMs to Remain a Healthy Practice for Industries in Transportation Business 

OEMs are projected to account for approximately half revenue share of the market in 2017, and will further witness a rise in their market share through 2022. OEMs will remain largest end-users of transportation coating. Polymer coatings and epoxies are actively being integrated into the production of vehicle chassis, engine parts, and several other key components. It will remain a healthy practice for industries in transportation business to utilise transportation coatings through OEMs. The end-use of transportation coatings will continue to register the fastest expansion in the heavy-duty truck industry through 2022.

Metal Coating Application to Account for Largest Revenue Share of Transportation Coating Market in 2017 

On the basis of application, the plastic coating application has been estimated by the report to exhibit highest revenue expansion throughout the assessment period. More than US$ 3.8 Bn worth of transportation coatings are estimated to be sold for application in plastic coatings by 2022-end. In addition, the report projects the metal coating applications to account for the largest revenue share of the market in 2017. Leading companies of transportation coatings are anticipated to focus on boosting the application of coatings on plastic surfaces. Several players in the market are adopting new techniques of fastening such as elastic bonding. These players are also offering aging resistant adhesives for enhancing performance of transportation coatings.

Players focusing on Procuring High-quality Raw Material Grades for Transportation Coatings 

Key companies profiled by FMI’s report on global transportation coating market include Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, E.I Du Pont De Nemours and Company, Evonik Industries AG, Henkel AG & Co. KGaA, Nippon Paint Holdings Co. Ltd., PPG Industries, Inc., The Dow Chemical Company, and The Sherwin-Williams Company. The market players are focusing on adoption of key strategies for procuring high-quality raw material grades in manufacturing transportation coatings.

Request to download and view full ToC – https://www.futuremarketinsights.com/toc/REP-GB-5083

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Comments

Post a Comment

Popular posts from this blog

Frozen Fruits Market Size, Key Players, Growth Factors, Regions and Applications, Industry Forecast by 2032

 The Frozen Fruits Market has witnessed remarkable growth in recent years, driven by consumers' increasing preference for convenient and nutritious food options. Frozen fruits have become a popular choice among health-conscious individuals and busy households, offering a quick and easy way to incorporate the goodness of fruits into daily meals, smoothies, and desserts. These fruits are picked at the peak of ripeness and flash-frozen to lock in their natural flavors and nutritional value, making them a tasty and nutritious choice year-round. One of the key factors propelling the growth of the Frozen Fruits Market is the rising awareness of the health benefits associated with frozen fruits. They are often nutritionally comparable to fresh fruits, as freezing preserves vitamins and minerals. Additionally, frozen fruits are free from artificial preservatives or additives, making them an attractive option for those seeking a natural and wholesome diet. Their long shelf li...
Post a Comment
Read more

Kelp Market Future Trends, Industry Size and Forecast to 2032

 The kelp market is experiencing significant growth and is poised to become a prominent player in the global food and agriculture industry. Kelp, a type of large brown seaweed, offers a wide range of benefits and applications, driving its increasing demand across various sectors. First and foremost, the nutritional value of kelp makes it highly sought after. Packed with essential vitamins, minerals, and antioxidants, kelp offers a nutrient-rich addition to diets around the world. It is particularly valued for its high iodine content, which is vital for thyroid function and overall health. Additionally, kelp is a good source of fiber, calcium, iron, and other essential nutrients, making it a valuable ingredient for health-conscious consumers and dietary supplement manufacturers. The culinary world has also embraced the versatility of kelp. With its umami flavor and unique texture, kelp has become a popular ingredient in various cuisines. It is used in the preparation...
Post a Comment
Read more

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, ...
Post a Comment
Read more