360° Coverage : Lucintel Analysis: Emergence of Eco-Friendly Coating...

1 Updates

Lucintel Analysis: Emergence of Eco-Friendly Coating Technologies is Likely to Boost Global Automotive Coating Industry

Jan 18 2014, 2:13am CST | by

Irving, TX, January 18, 2014 --(PR.com)-- Revival in automotive production volume and emergence of ultra-violet curing coating are likely to boost the global automotive coating industry. Lucintel...

Filed under: news

YouTube Videos


44 weeks ago

Lucintel Analysis: Emergence of Eco-Friendly Coating Technologies is Likely to Boost Global Automotive Coating Industry

Jan 18 2014, 2:13am CST | by

Irving, TX, January 18, 2014 --(PR.com)-- Revival in automotive production volume and emergence of ultra-violet curing coating are likely to boost the global automotive coating industry. Lucintel expects a major rebound in the market, especially in APAC region which is observing high demand for eco-friendly coatings. Global automotive coating industry is expected to reach $18.6 billion by 2018, promising huge opportunity for the firms operating across its value chain.

Lucintel, a leading global management consulting and market research firm, has conducted a detailed analysis on this market and presents its findings in “Growth Opportunities in Global Automotive Coating Industry 2013-2018: Trend, Forecast, and Opportunity Analysis”. The report analyses the global automotive coating industry for all four regions and analyses the associated risk factors and Growth Opportunities. Global automotive coating industry is segmented by region (APAC, Europe, NA, and ROW), by application (OEMs market and refinish market),by product type (electrocoat, primer coat, basecoat, and clear coat), and by technology (water-borne coating, solvent-borne coating, and others).

Revival in passenger car and commercial vehicles production volume in 2011 and 2012 drive the demand for automotive coating for OEMs market. The refinish coating market witnessed rise in number of vehicles in operation along with increase in age of vehicle. Ultraviolet curing coating is likely to emerge as a dominant technology as it emits fewer amount of volatile organic compounds.

APAC, particularly China and India, dominates the global automotive coating industry, led by high vehicles sales and supportive government initiatives for automotive industry. It is expected that in the coming years, BRIC nations will be considered as the hub for all original equipment manufacturers (OEMs), favored by proximity to emerging markets, easy financing, and low-cost production arbitrage. Strict environmental laws in North America and Europe are likely to drive the demand for water-borne coating and ultraviolet light cure coating in the forth coming period.

Lucintel highlights the key challenges faced by the global automotive coating industry such as increasing price fluctuation of raw materials and inability of industry players to meet OEMs’ expectations in terms of environment sustainability and durability of coating. High cost incurred in raw material, labor, and energy and lack of suitable manufacturing process continues to be the limiting factors for the growth of the automotive coating industry.The players need to work towards developing more eco-friendly coatings to meet OEMs’ expectations. Ultraviolet curing coating promises significant growth opportunities as it emits lesser amount of volatile organic compounds with reduced energy consumption.

This report is a complete study of current trends in the market, industry growth drivers and restraints, competitive landscape, emerging trends, and key success factors. It provides market trends for the past years as well as projections for the coming years. It includes analysis of recent developments in technology, Porter’s five forces analysis model, and detailed profiles of top industry players and customers. It gives a review of micro and macro factors essential for the existing market players and new entrants along with detailed customer and value chain analysis. It also reflects coating market on the basis of technology such as water-borne coating, solvent-borne coating, and others. Explore business opportunities and ascertain new market entry with the analysis of emerging geographies and unmet needs of the customers.

For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com. Lucintel’s Opportunity Screening and Business Strategy Consulting services have supported decision makers in achieving their growth objectives.

For more information please follow Lucintel at Facebook: https://www.facebook.com/lucintel
Twitter: https://twitter.com/lucintel
LinkedIn: http://www.linkedin.com/company/357023?trk=tyah&trkInfo=tas%3Alucintel%2Cidx%3A1-1-1

Contact Information:
Roy Almaguer
Contact via Email
Fax: +1-877-883-5140

Read the full story here: http://www.pr.com/press-release/537401

Press Release Distributed by PR.com

Source: PR.com


Don't miss ...


<a href="/latest_stories/all/all/29" rel="author">PR.com</a>
PR.com press-releases.


blog comments powered by Disqus

Latest stories

OPEC daily basket price closes lower
Vienna, Nov 26 (IANS/WAM) The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed over a dollar lower at $74.28 a barrel Tuesday compared to $75.70 Monday, the OPEC Secretariat said.
Early deafness diagnosis improves teenagers' reading skills
London, Nov 26 (IANS) Early detection of deafness in babies is linked to better reading skills later in their lives, says a new research.
First Italian Ebola patient undergoes experimental treatment
Rome, Nov 26 (IANS) An Italian doctor, who was flown home after testing positive for the Ebola virus in Sierra Leone, is being treated with an experimental medicine here, media reported.
How memory loss is inherited
New York, Nov 26 (IANS) In a bid to better understand inheritance of memory loss, scientists have now discovered two common gene variants that are believed to be associated with memory performance.

Latest from the Network

Collective efforts more important in Saarc region: Modi
Kathmandu, Nov 26 (IANS) Nowhere in the world are collective efforts more important than in south Asia, Prime Minister Narendra Modi said at the South Asian Association for Regional Cooperation (Saarc) Summit here...
Read more on Politics Balla
Modi speaks of Mumbai attack anniversary at Saarc
Kathmandu, Nov 26 (IANS) Prime Minister Narendra Modi Wednesday recalled the horror of the 2008 Mumbai terror attack at the Saarc Summit and stressed on the need to combat "terrorism and trans-national crimes". "Today...
Read more on Politics Balla
Money transactions via Bitcoin not safe
London, Nov 26 (IANS) Researchers have shown that money transactions via Bitcoin network do not protect user's IP address and it can be linked to the user's transactions in real-time. The team demonstrated that only a...
Read more on Business Balla
India can connect Saarc students through e-libraries: Modi
Kathmandu, Nov 26 (IANS) Prime Minister Narendra Modi Wednesday said India is prepared to connect students in the south Asian region through e-libraries. "IT has removed all barriers to quality education. India is...
Read more on Politics Balla
Court orders Maradona to pay for slander victim's legal fees
Buenos Aires, Nov 26 (IANS) Famed Argentine ex-footballer Diego Maradona must pay the legal expenses of Shanghai Shenhua team coach Sergio Batista for alleging he took bribes from national players, an Argentine court...
Read more on Sport Balla
Life-saving bacteria found in turkeys
New York, Nov 26 (IANS) The biological machinery needed to produce a potentially life-saving antibiotic is found in turkeys, researchers have found. "Our research group is certainly thankful for turkeys. The 'good...
Read more on Business Balla
Taylor Swift values Lorde friendship
Taylor Swift says Lorde and Lena Dunham as the ''most important'' people in her life at the moment. The 24-year-old musician really appreciates the friendship of the pair and insists it's great to have peers you like...
Read more on Celebrity Balla
Susan Boyle: Catholic upbringing has made me single
Susan Boyle blames her single status on her Catholic parents' ''coded behaviour''. The 'Wild Horses' singer has revealed her mother and father's strong Christian beliefs have affected the way she approaches romantic...
Read more on Celebrity Balla
Black Friday looks good for Kohl’s
Kohl’s has released their Black Friday 2014 advertisement flier. The big draw to Kohl’s for this year’s version of Black Friday is that the company will have over 500 deals in store. Kohl’s will start their Black...
Read more on Black Friday Countdown
Jennifer Aniston felt 'uncomfortable' filming Horrible Bosses 2
Jennifer Aniston felt ''uncomfortable'' filming scenes for 'Horrible Bosses 2'. The 45-year-old actress has admitted to feeling a little uncomfortable as she filmed some sexually provocative scenes with some extras for...
Read more on Movie Balla