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Will Automotive Wheel Coatings Remain Economical for Car Buyers in Future?

[PRESSWIRE] VALLEY COTTAGE, New York, April 13, 2017 -- Economic crisis observed in multiple parts of the world is being cited as a key restraint for sales of automotive wheel coatings.

High prices of raw materials in Ukraine, rising occurrence of worker agitations across Chinese wheel coating plants, and an overall decline in global production of cars and other automobiles are observed as inhibitors for growth of global demand for automotive wheel coatings. Future Market Insights delivers such pivotal findings in its latest report on global market for automotive wheel coatings, which indicate how the demand for automotive wheel coatings will lose traction in the years to come.

Apropos the report, titled "Automotive Wheel Coatings Market: Global Industry Analysis and Opportunity Assessment, 2016-2026," the global market for automotive wheel coatings is presently valued at an estimated US$ 524.5 Mn. Apart from economic constraints, the declining sales of cars witnessed across the world is also factoring the dip in demand for automotive wheel coatings. By the end of 2026, the global automotive wheel coating market is anticipated to have soared at just 2.8% CAGR, bringing in a little less than US$ 690 Mn in revenues.

Request a Sample Report with Table of Contentshttp://www.futuremarketinsights.com/reports/sample/rep-gb-3454

The report cites that in future, automotive wheel coatings might not be economical for car buyers. Rising prices of coating materials will play a decisive role in adoption of automotive wheel coatings among vehicle buyers. Furthermore, regulations that are curbing the import & export of automotive wheel coatings among several nations will impose a negative impact on the market's global expansion. Manufacturers of automotive wheel coatings will also face steep challenges while tackling such restraints, and securing marginal profits. Companies such as Cetelon - Baerlacher Group, Akzo Nobel N.V., KANSAI PAINT CO., LTD., PPG Industries, Inc., Arsonsisi s.p.a., Axalta Coating Systems, LANKWITZER PREMIUM COATINGS, Emil Frei GmbH & Co. KG, and TIGER Coatings GmbH & Co. KG are profiled in the report as leading players in global automotive wheel coating market.

Key Highlights of the Report include:

·        

By the end of 2026, more than 73 thousand tonnes of clear/top coating products are projected to be sold across the globe

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Global demand for primer and base coat products will incur a marginal decline in terms of global value share

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Throughout the forecast period, acrylic enamel will remain a prominent coating chemical, procuring revenues worth over US$ 140 Mn

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While aluminium will be observed as the dominant substrate for automotive wheel coatings, global sales of steel as coating substrate will register growth at 3.2% CAGR

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North America's automotive wheel coating sales will register a relatively speedy growth, exhibiting a value CAGR of 3.3%

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Passenger cars will account for over one-third of global automotive wheel coating revenues throughout the forecast period

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Demand for automotive wheel coatings will witness an upsurge in Asia-Pacific excluding Japan (APEJ) region, primarily due to surging production of automobiles witnessed in this region

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Towards the end of 2026, more than US$ 500 Mn worth of automotive wheel coatings will be sold through OEMs

Preview Analysis on Global Automotive Wheel Coating Market Segmentation By Product Type - Primers, Basecoat, Clear Coat/Topcoat; By Coating Type - Powder, Liquid; By Substrate Type - Aluminium, Steel, Plastic; By Sales Type - OEM, Aftermarket; By Coating Chemical Type - Acrylic Enamel, Acrylic Urethane, Acrylic Lacqure, Zinc Phosphate, Epoxy, Epoxy Polyester, Polyester, Polyurethane; By Vehicle Type - 2-Wheeler, Passenger Cars, Commercial Vehicles/Light Commercial Vehicles, Heavy Commercial Vehicleshttp://www.futuremarketinsights.com/reports/automotive-wheel-coating-market

More from FMI's Cutting-edge Intelligence: 

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Hybrid Vehicles Market Segmentation By Product Type - Hybrid Vehicles and Plug-In Hybrid Vehicles, By Engine Type - Gasoline Electric and Diesel Electric, By Power Train Configuration - Parallel Hybrid, Series Hybrid and Power Split Hybrid, By Vehicle Type - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles: http://www.futuremarketinsights.com/reports/global-hybrid-vehicles-market

·        

Automotive Washer System Market Segmentation By Component - Nozzles, Reservoirs, Hose & Connectors, Pumps, Windshield, Wipers and Wiper Motor, By Sales Channel - OEM and Aftermarket, By Technology - Electric And Mechanical, By Vehicle Type - Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles, By Application - Windshield Washer System and Headlamp Washer System: http://www.futuremarketinsights.com/reports/automotive-washer-systems-ma...

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Flight Tracking System Market Segmentation By System - ADS-B, FANS, PFTS; By End Use - General Aviation, Civil Aviation and Military Aircraft: http://www.futuremarketinsights.com/reports/flight-tracking-system-market

About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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Category: 
Business and Finance
Date: 
Friday, April 14, 2017