Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Transportation coating and the process used to coat automotive surfaces represent the avant-garde of innovations that are capable of creating robust surfaces, satisfying the appearance requirements of consumers, optimizing performance and meeting environmental regulations. Besides, aesthetic features, corrosion safety, mass manufacturing, cost and environmental considerations, and appearance and durability are the critical performance factors driving the development and use of advanced automotive coatings and coating technologies. These transportation coating have been integrated in the production of vehicles and their components. The appearance of color, gloss and texture of the surface significantly affects a customer’s perception of product quality. In addition, consumers’ expectations for the attributes given by the appearance of coating continue to increase as manufacturers compete to provide surfaces that offer enhanced surface characteristics. The transportation coating is a view of the developments and technologies needed for an increasingly efficient and more sustainable coatings industry
The key factor for growth of transportation coating market is increasing demand for solvent based coatings as majority of small manufacturer users prefer solvent based coatings whereas larger OEMs tend to be proactive in adopting more sustainable technologies. Coatings helps in increasing application efficiency and productivity offer improved durability and meet evolving regulatory requirements for lower VOCs have the advantage. Beside emergence of new coating polymers and advanced production techniques is propelling the growth of market owing to polymer coatings offer enhanced protection on the surface of products while allowing for water evaporation through the fabric.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the transportation coating market. In addition, complete analysis of changes on the transportation coating market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on transportation coating market was negative as entire production and supply chain was disrupted moreover sales loss has hamper the growth of market.
The transportation coating market is segmented based on by coating type, by application, by end user and by geography.
The transportation coating are available in market according to different types including powder, pre-treatment, solvent-based, water-based. Solvent based transportation coating is likely to escalate since these coating are less susceptible to temperature and humidity changes. The reduction of weight of vehicles resulting in less energy use makes a critical contribution to reducing emissions. PU also contributes by reducing the material intensity through high performance coatings improving material durability, weather and corrosion resistance. Water, rather than solvent-based, coatings give environmental benefits. Whereas demand for powder coatings is expected to have moderate growth in the global transportation coating market
The transportation coating finds its application in carbon fiber, metal coating and plastic coating. Metal coating is observed to have major widespread use in manufacturing of vehicles as corrosion resistant coatings have attracted many attentions for many years due to its simplicity and efficiency. The protection offered by each coating depends on the type of metal to which it is applied and the environment in which it is exposed, owing to the differences in the physical and chemical properties of the various types of metals and alloys. The widespread use of metals in corrosion prone environments has led to extensive research projects focused on developing coatings that protect against corrosion. Such coatings must meet many criteria, including: long-lasting, simple to apply, eco-friendly, cost-effective, and high performance.
The transportation coating has its end users in automotive oems, bus manufacturers, heavy duty truck industry and rail industry. Automotive OEMS dominate the global transportation coating market by end user due to use of transportation coating at initial stages of manufacturing products which has also act as healthy practice for the companies operating in transportation business. Also, heavy duty truck industry is expected to be the fastest growing segment the upcoming years.
Geographically the global transportation coating market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Asia Pacific leads in the global transportation coating market owing to largest market for the transportation market. The increasing growth in various countries for transportation coating is propelling the demand and offering opportunities to manufacturers operating in industry. In addition, the market is attributed to increasing sales and production of commercial vehicles in the region. Moreover, government of developing economies have are encouraging the manufacturers to adopt coatings process which enhances fuel efficiency and lowers emissions. Whereas Europe is anticipated to have significant growth rate due to presence of some manufacturer to make a contribution in the regional market. Also, increasing automobile production in different countries of region is fuelling the growth of market.
The key players in transportation coating market are BASF SE, AkzoNobel, Arkema, Axalta Coating Systems, Beckers Group, Berger Paints India Limited, Clariant AG, Covestro AG, Eastman, Evonik, Kansai Paint, Lord Corporation, Nippon Paint, PPG, Royal DSM and Sherwin-Williams among others.
January 2021: Axalta has expanded its commercial vehicle portfolio. The company is adding two new products to its high-performance Imron Elite coating solutions line in North America i.e Imron Elite ColorPLUS and Imron Elite Direct-to-Plastic basecoat. Both products are designed to deliver premium quality and superior durability for today's commercial transportation vehicles.
September 2020: BASF had launched new automotive refinish coating line; lowest value of VOCs. BASF’s new waterborne basecoat line is not only about paints, it also includes a complete set of solutions for the body shops of the future. Customers can benefit from new ergonomic and state-of-the-art mixing stations that can be tailored to their individual needs. The new basecoat line including all additional services will be rolled-out under BASF’s premium refinish brands Glasurit and R-M globally.
The report analyses the global transportation coating market based on by coating type, by application, by end user and by geography. The transportation coating are available in market according to different types including powder, pre-treatment, solvent-based, water-based. The market finds its application in carbon fiber, metal coating and plastic coating. The transportation coating has its end use in automotive oems, bus manufacturers, heavy duty truck industry and rail industry. Geographically the global transportation coating market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW)
The key players in transportation coating market are BASF SE, AkzoNobel, Arkema, Axalta Coating Systems, Beckers Group, Berger Paints India Limited, Clariant AG, Covestro AG, Eastman, Evonik, Kansai Paint, Lord Corporation, Nippon Paint, PPG, Royal DSM and Sherwin-Williams among others.
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