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Transportation Coating Market

Future Market Insights has announced the addition of the “Digital Breast Tomosynthesis (DBT) Equipment Market: Global Transportation Coating Market Value is Expected to Increase to US$ 12 Bn by 2022-end " report to their offering.
Transportation Coating Market Value is Expected to Increase to US$ 12 Bn by 2022-end
Over the past decades, engineered particularly for withstanding mechanical as well as thermal
stress, high performance coatings have experienced a substantial adoption in transportation sector.
These transportation coating have then been integrated into the vehicle production. The practice of
coating surfaces of metal in long haul trailers and trucks with the high-velocity oxygen fuel
(HVOF) has been exercised actively in the production of vehicles as well as their components that
are used for the purpose of transportation.
According to Future Market Insights’ (FMI) recently published report, the global market for
transportation coating will account for revenues over US$ 12 Bn by 2022-end. The report has
projected future of transportation coatings in being important industrial materials for utilisation in
the transportation sector for the five year assessment period (2017-2022). The report also delivers
analysis on key regional segments, wherein Asia-Pacific excluding Japan (APEJ) has been
anticipated to remain the most lucrative market for transportation coatings over the assessment
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The report has also analysed the global market for transportation coatings based on the types of
coatings. Global sales of solvent-based transportation coatings are estimated to bring in nearly US$
3.5 Bn revenues in 2017. Projected to account for nearly two-fifth share revenue share of the
market, solvent-based transportation coatings will exhibit the fastest expansion throughout the
assessment period. Demand for these coatings has been anticipated to rise, owing to their
characteristics of being less prone to changes in humidity and temperature.
However, high VOC emissions are associated with manufacturing solvent-based transportation
coatings that leads to an environment adversity. This factor has been expected to be a key restraint
in adoption of solvent-based transportation coatings. In addition, demand for power coatings is
expected to remain steady in the global market for transportation coatings. A robust expansion has
been projected for sales of pre-treatment coatings through 2022.
OEMs are projected to account for approximately half revenue share of the market in 2017, and will
further witness a rise in their market share through 2022. OEMs will remain largest end-users of
transportation coating. Polymer coatings and epoxies are actively being integrated into the
production of vehicle chassis, engine parts, and several other key components. It will remain a
healthy practice for industries in transportation business to utilise transportation coatings through
OEMs. The end-use of transportation coatings will continue to register the fastest expansion in the
heavy-duty truck industry through 2022.
On the basis of application, the plastic coating application has been estimated by the report to
exhibit highest revenue expansion throughout the assessment period. More than US$ 3.8 Bn worth
of transportation coatings are estimated to be sold for application in plastic coatings by 2022-end. In
addition, the report projects the metal coating applications to account for the largest revenue share
of the market in 2017. Leading companies of transportation coatings are anticipated to focus on
boosting the application of coatings on plastic surfaces. Several players in the market are adopting
new techniques of fastening such as elastic bonding. These players are also offering aging resistant
adhesives for enhancing performance of transportation coatings.
Key companies profiled by FMI’s report on global transportation coating market include Akzo
Nobel NV, Axalta Coating Systems Ltd., BASF SE, E.I Du Pont De Nemours and Company,
Evonik Industries AG, Henkel AG & Co. KGaA, Nippon Paint Holdings Co. Ltd., PPG Industries,
Inc., The Dow Chemical Company, and The Sherwin-Williams Company. The market players are
focusing on adoption of key strategies for procuring high-quality raw material grades in
manufacturing transportation coatings.
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