Automobile Wheel Coating Research:CAGR of 5.2% during the forecast period

Automobile Wheel Coating Market Summary

Automobile wheel coatings are mainly used to improve the corrosion resistance of wheels, extend their service life, and improve their appearance and decoration. Powder coating is one of the commonly used coating materials. It is adhered to the surface of the wheel through electrostatic spraying and is heated and solidified to form a coating. The advantages of powder coatings include improving the utilization rate of coatings, reducing VOC emissions, protecting the environment, and having wide applicability. It can meet various coating requirements for automotive parts such as aluminum wheels, automotive engines, and chassis.

According to the new market research report "Global Automobile Wheel Coating Market Report 2023-2029", published by QYResearch, the global Automobile Wheel Coating market size is projected to grow from USD 1.74 billion in 2023 to USD 2.46 billion by 2029, at a CAGR of 5.2% during the forecast period.

• Global Automobile Wheel Coating MarketSize(US$ Million), 2018-2029

 

Above data is based on report from QYResearch: Global Automobile Wheel Coating Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.

 

• Global Automobile Wheel Coating Top13Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)

 

Above data is based on report from QYResearch: Global Automobile Wheel Coating Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.

This report profiles key players of Automobile Wheel Coating such as JAPAN KISHO, PPG

In 2022, the global top five Automobile Wheel Coating players account for 52% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Automobile Wheel Coating.

 

• Automobile Wheel Coating,Global Market Size, Split by Product Segment

 

Based on or includes research from QYResearch: Global Automobile Wheel Coating Market Report 2023-2029.

In terms of product type, Powder is the largest segment, hold a share of 54%.

In terms of product application, Commercial Vehicle is the largest application, hold a share of 58%.

 

 

Market Drivers:

1. Excellent performance: Automotive wheel coatings need to have good corrosion resistance and weather resistance to cope with various harsh environmental conditions, such as rain, snow, salt, dust, etc. This helps maintain the appearance of the wheel and prolongs its life.
2. Technological progress: With the continuous advancement of coating technology, automobile wheel coatings are also constantly improving and innovating. The application of new coating processes and technologies can improve the adhesion and durability of the coating, and also provides more possibilities for the development of automotive wheel coatings.
3. Increase in demand: With the development of the global economy and the improvement of people's living standards, the automobile industry will continue to maintain a growth trend. The increase in automobile production will drive the development of the automotive coatings industry, especially the growth in market demand for automotive wheel coatings.

Restraint:

1. Supply chain issues: The supply chain of automobile wheel coatings is relatively long and involves many links, including raw material supply, production, logistics, etc. Problems in any link may affect the stability and efficiency of the entire supply chain, thereby affecting the supply and sales of coatings.
2. Regulations and environmental protection requirements: With the increasing emphasis on environmental protection issues worldwide, countries have strict regulations on the content of harmful substances and VOC emissions in automotive coatings. This has restricted the production and use of some traditional automobile wheel coatings, and also put forward higher requirements for the development and application of new environmentally friendly coatings.
3. Fierce market competition: The automotive wheel coating market is highly competitive, mainly concentrated among several large coating companies. In order to gain an advantage in the competition, companies need to continuously carry out technological innovation and product upgrades to meet customers' needs for high-performance and high-quality coatings.

Opportunity:

1. Increase in demand for customization: With the diversification of consumer demands, people have higher and higher requirements for the appearance and performance of cars. Customized automotive coating products will be favored by consumers and bring more opportunities for the development of the automotive wheel coating industry.
2. The continuous emergence of new technologies: With the continuous development of science and technology, new coating technologies and coating materials continue to emerge, providing new opportunities for the development of the automobile wheel coating industry. For example, the application of nanotechnology in the field of automotive coatings will help improve the performance and environmental protection of coatings.
3. Increase in environmental awareness: With the increasing awareness of environmental protection, people are paying more attention to the environmental protection performance of automotive coatings. Environmentally friendly coatings such as water-based coatings and high-solid coatings will become mainstream, providing a broad market space for the development of the automotive wheel coatings industry.

 

 

 

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