Automotive bumper paint enhances the style and design quotient of the bumper. Automotive bumper paint also helps protect the surface of the bumper from scratches, stains, rust, corrosion, and other surface damage. Automotive bumper paints are used, both, at the factory level where OEMs produce components for new vehicle assembly, as well as in the aftermarket.
The aftermarket use of automotive bumper paints is mostly a result of refurbishments that are carried out after crashes or upgrades carried out to suit individual customer tastes. Thus, automotive bumper paint is an important component in the overall automotive market.
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Water-based automotive bumper paint is fast gaining traction, as environmental concerns around the chemical composition of paints have increased. A proper understanding about the trends and forecasts of the automotive bumper paint market is very important for all stakeholders to stay well ahead of the competition.
Automotive bumper paint is available in different finishes such as gloss or matte, to meet the varied demands of customers, and also in many colors and shades. Increasing automotive demand, especially passenger vehicles, is a key driver of the automotive bumper paint market.
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China possesses the biggest automotive manufacturing industry in the world, and the demand for automotive bumper paint will be driven by the ongoing high consumption levels of commercial and also passenger vehicles. The commercial vehicles segment is also projected to be a prominent segment in the automotive bumper paint market during the forecast period.
Another key country for the automotive bumper paint market is India, with a fast growing economy and large automotive demand. Europe and North America have traditionally been stable markets for automotive bumper paint, and is expected to continue to witness steady growth. Germany is expected to lead the automotive bumper paint market in Europe. The U.S. continues to remain the largest market for automotive bumper paint in North America.
Automotive Bumper Paint Market: Market Participants
Some of the market players identified in the automotive bumper paint market include:
- PPG Industries
- Axalta Coating Systems
- AkzoNobel
- The Sherwin-Williams Company
- The Valspar Corporation
- Kansai Paint Co., Ltd
- Rust-Oleum (RPM International Inc,)
- Nippon Paint Holdings Co., Ltd
- KCC Corporation
- SEM Products, Inc
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