Trim coatings have a widespread application in automotive and construction industries. The exterior car trim includes Bumpers, wheel wells, window/door seals etc. While, the interior trim includes seating, stepping area, dashboard and others. Trim coatings are thus applied in order to maintain the vehicle aesthetics. The global Trim coatings market is expected to foray ahead with a lower single digit CAGR over the forecast period of 2019-2029. Increasing demand of improved vehicular aesthetics along with willingness of consumers to spend on vehicle aesthetics are some of the factors providing an upward traction to the market growth.
In addition, the key players are also offering innovative coating solutions for vehicle and building trims in a cost effective manner. Moreover, increasing automotive production across the globe along with rising construction industry are some of the factors providing traction to the Trim coatings market growth.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=3922
Increasing automotive production is poised to drive market growth over the forecast period
Increasing automotive production across the globe along with the increasing disposable income levels of consumers leverage wide avenues for Trim coatings as these are adopted at a wide note in the vehicle. Trim coatings are applied both on the interior and exterior of the vehicle in order to improve the vehicle aesthetics. As per OICA (International Organization of Motor Vehicle Manufacturers), Paris, the total cars and commercial vehicle production in 2016 was recorded to be around 72.1 million that further escalated up to 73.4 million in 2017.
Also, Asia Pacific is a key region considering automotive production. Increasing disposable income levels of the consumers along with focus of automotive giants in this region are some of the factors fuelling the demand for trim coatings within the region. Thus, increasing automotive production consequently calls for vehicle trims that in turn drives the global Trim coatings market.
To receive extensive list of important regions, ask for TOC here – https://www.factmr.com/connectus/sample?flag=T&rep_id=3922
Segmentation analysis of Trim coatings Market
The global Trim coatings market is bifurcated into three major segments that are application area, end-use and geography.
On the basis of application area, the global Trim coatings market is divided into:
- Exterior trims
- Interior trims
On the basis of end-use, the global Trim coatings market is divided into:
- Automotive & transportation
- Building & construction
Based on region, the global Trim coatings market is segmented as:
- North America
- Latin America
- East Asia
- South Asia & Oceania
Pre-Book Right Now for Exclusive Analyst Support – https://www.factmr.com/checkout/3922/S
Key players of Trim coatings Market
Prominent players in the global Trim coatings market are 3M Coatings, Gyeon, BASF Coatings GmbH, SEM Products, Inc., Kalcor Automotive Coatings and others. The Trim coatings market consists of well-diversified global and regional players with global vendors ruling the market.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583