High performance coatings are specifically engineered for withstanding thermal & mechanical stress and have witnessed widespread adoption in the transportation sector during the past decades. These transportation coatings have been integrated mainly in the production of vehicles and their components. Metal surfaces of long haul trucks, as well as trailers being coated with high-velocity oxygen fuel (HVOF) coatings, is a practice actively exercised in the manufacturing of vehicles, and these components used for transportation purposes.
MARKET DYNAMICS
The transportation coating market has witnessed significant growth owing to factors such as wider use in automotive OEMs, heavy-duty truck industry, bus manufacturers, rail industry, and other end-user. Demand for solvent-based transportation coatings is poised to increase as these coatings are less susceptible to temperature and humidity changes. Epoxies & polymer coatings are being integrated into the manufacturing of vehicle chassis, engine parts, and other key components. The use of transportation coatings at the initial stages through OEMs would remain to be a healthy practice mainly for companies operating in transportation businesses. Manufacturers & marketers of transportation coating are anticipated to focus on boosting the applicability of coatings for plastic surfaces. However, the manufacturing of solvent-based transportation coatings entails high VOC emissions, and environmental adversity hamper the growth of the transportation coating market. Nevertheless, several companies will further be adopting new fastening techniques, including elastic bonding, and offer aging resistant adhesives for supporting the performance of transportation coatings.
MARKET SCOPE
The "Global Transportation Coating Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the transportation coating market with detailed market segmentation by end-user, and geography. The global transportation coating market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading transportation coating market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global transportation coating market is segmented on the basis of type and end-user. The transportation coating market on the basis of the type is classified into water-based, solvent-based, powder coated, and others. On the basis of end-user, global transportation coating market is bifurcated into automotive OEMS, heavy duty truck industry, bus manufacturers, rail industry, and other end-user.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global transportation coating market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The transportation coating market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the transportation coating market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the transportation coating market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global transportation coating market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from transportation coating market are anticipated to lucrative growth opportunities in the future with the rising demand for transportation coating in the global market. Below mentioned is the list of few companies engaged in the transportation coating market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the transportation coating market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Akzo Nobel NV
- Axalta Coating Systems Ltd.
- BASF SE
- E.I Dupont De Numours and Company
- Evonik Industries AG
- Henkel AG & Co. KGaA
- Nippon Paint Holdings Co. Ltd.
- PPG Industries, Inc.
- The Dow Chemical Company
- The Sherwin-Williams Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.