Reports and Insights freshly added a report titled “Automotive Wheel Coatings Market: Opportunity Analysis and Future Assessment 2022-2030” in its database of market research reports which offers its readers a detailed and profound analysis on the fresh growth opportunities, trends and growth drivers that are closely linked with the growth of the market. The report further provides crucial insights on the COVID-19 impacts on the Automotive Wheel Coatings Market along with the compound growth rate (CAGR) of the market for a forecasted period between 2022 and 2030. The report also comprises assessment of the market by employing various analytical tools, such as Porter’s five forces analysis and PESTEL analysis. These tools also offer an in-depth analysis on the micro and macro-environmental factors that are related to the growth of the market over the projected period.
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Global Automotive Wheel Coatings Market share, By Product Type (Primers, Basecoat, Clear coat/Topcoat), By Coating Type (Powder, Liquid, Solvent Borne, Water Borne), By Substrate Type (Aluminum, Steel, Plastic), By Vehicle Type (2-Wheeler, Passenger Cars (Compact, Luxury, Mid-sized, Premium), Commercial Vehicles/Light Commercial Vehicles, Heavy Commercial Vehicles), By Sales Type (OEM, Aftermarket), By Coating Chemical Type (Acrylic Enamel, Acrylic Urethane, Acrylic Lacquer, Zinc Phosphate, Epoxy, Epoxy Polyester, Polyester, Polyurethane), By Rim Size (13”-15”, 16”-18”, 19”-21”, Above 21”) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The wheel rims add up the finishing touches and round off the car’s overall appearance, having said that, the custom-made, superior-quality wheel rims are not workable for everybody. Luckily, the automotive wheel coating is there to the rescue as it is one of the cost-effective and quick ways to enhance the entire look of the wheel rims and give the car that ravishing appearance and polish one looks for, together with offering some complementary protection to the components.
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The wheel coating can be understood as a technique that employs resin and pigment particles with an electrical load to layer a metal surface. This electrostatic charge keeps the particles stuck to the exterior of the metal, which is further healed to make the particles blend with the metal.
Apart from the seamless and attractive finishing, the automotive wheel coating has some other additional properties that make it a perfect alternative for the wheel rims, such as great durability, resistance to change, cost-effectiveness, uniform coverage as well as eco-conscious. Attributing to said factors, the global automotive wheel coatings is witnessing higher demand across the market, ultimately projected to observe significant growth over the forthcoming future.
Moreover, the poor conditions of several roads and lanes all across the world along with bad weather conditions if ruther contributing to the increasing demand of automotive wheel coatings all across the markets. However, the high costs of wheel coatings is likely to hold back the market growth over the coming years.
Some of the key questions answered in this report:
- Which are the five top players of the Automotive Wheel Coatings market?
- How will the Automotive Wheel Coatings market change in the upcoming years?
- Which product and application will take a share of the Automotive Wheel Coatings market?
- What are the drivers and restraints of the Automotive Wheel Coatings market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the Automotive Wheel Coatings market throughout the forecast period?
- What is the current market size, what will the market size be in 2030 and what will the growth rate be?
- What are the challenges to grow in the market?
- What are the market opportunities and challenges faced by the key vendors?
- Who are the major competitors and what is their strategy?
- What are the barriers to entry for new players in the market?
Reports and Insights Study identifies some of the key participating players in the automotive wheel coatings market Trends globally are 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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