What is Global Automotive Underbody Coatings Market?
The Global Automotive Underbody Coatings Market is a significant segment of the automotive industry that focuses on the production and distribution of specialized coatings used on the underbody of vehicles. These coatings are designed to provide protection against various environmental factors such as corrosion, abrasion, and impact damage that vehicles are exposed to on a daily basis. The market encompasses a wide range of products including rubberized, asphalt-based, wax-based, and other types of underbody coatings. Each of these products offers unique benefits and is used for specific applications based on the requirements of the vehicle and the conditions it is expected to operate in. The rubberized underbody coatings are known for their excellent sound-damping properties and are commonly used in passenger cars to reduce road noise. Asphalt-based coatings, on the other hand, are highly durable and provide superior protection against corrosion and stone chips. Wax-based coatings are preferred for their water-repellent properties and are often used in commercial vehicles that operate in wet conditions. Other types of underbody coatings include polyurethane-based and epoxy-based coatings, which are known for their high resistance to chemicals and abrasion. The use of underbody coatings is not limited to passenger cars and commercial vehicles. They are also used in a variety of other applications including off-road vehicles, agricultural machinery, and industrial equipment. In passenger cars, underbody coatings are used to enhance the vehicle's durability and improve its acoustic comfort. In commercial vehicles, these coatings are used to protect the vehicle's underbody from damage caused by heavy loads and harsh operating conditions. The global Automotive Underbody Coatings market has shown steady growth over the years and is expected to continue this trend in the coming years. As per the market outlook, the market was valued at US$ 1724 million in 2022 and is projected to reach US$ 1993.3 million by 2029, growing at a CAGR of 1.5% during the forecast period 2023-2029. PPG, a leading manufacturer of automotive underbody coatings, holds a significant market share of over 20%. The largest product segment in the market is rubberized coatings, which account for about 60% of the market. In terms of application, passenger cars represent the largest segment, accounting for about 80% of the market.
Rubberized, Asphalt Based, Wax Based, Others in the Global Automotive Underbody Coatings Market:
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Passenger Car, Commercial Vehicle in the Global Automotive Underbody Coatings Market:
#自動車アンダーボディコーティング #市場調査 #自動車業界 #車両保護 #ラバーベースコーティング #アスファルトベースコーティング #ワックスベースコーティング #乗用車 #商用車 #PPG
Global Automotive Underbody Coatings Market Outlook:
#자동차바닥코팅 #시장조사 #자동차산업 #차량보호 #고무기반코팅 #아스팔트기반코팅 #왁스기반코팅 #승용차 #상업용차량 #PPG
| Report Metric | Details |
| Report Name | Automotive Underbody Coatings Market |
| Accounted market size in 2023 | US$ 1824 million |
| Forecasted market size in 2029 | US$ 1993.3 million |
| CAGR | 1.5 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | PPG, Henkel, Sherwin-Williams, 3M, Sika, ThreeBond |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
