Reports and Insights has published a new report titled, “Automotive Wheel Coatings Market: Opportunity Analysis and Future Assessment 2020-2028”
Global Automotive Wheel Coatings Market, 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 global automotive wheel coatings market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
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.
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.
Reports and Insights Study identifies some of the key participating players in the automotive wheel coatings market 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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