Automotive paint industry in indiaSince our establishment in 1999, we have supplied sales and manufacturing for paint supplies utilized in Automotive Refinish Coatings. Primarily based on geographical region, the automotive paint market place can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to expand at a rapid pace throughout the forecast period owing to the increasing vehicle production and the sturdy presence of effectively-established vehicle manufacturers in some nations of Asia Pacific such as China, Japan, and South Korea.
Polyurethane-based coating is extensively used in automotive OEM and refinish painting process because of its outstanding mixture of properties, including excellent elasticity at low temperatures, abrasion resistance, solvent- and water-resistance, dry cleanability and machine washability. In addition, high efficiency (colour, clarity and finish) can be achieved with very thin paint coat that do not boost paint thickness or change styling elements, which includes drape. Therefore, polyurethane-based paints have the biggest industry in automotive paints marketplace, by resin sort.
Central & South America demand is anticipated to develop at a CAGR of five.3% from 2015 to 2022. South American light automotive business is anticipated to grow at an annual rate of over 3.% which is anticipated open new avenues for the metal stamping marketplace. In June 2012, Kenmode Precision Metal Stamping launched a Spanish-language version of their website in order to expand their help and company business to more than 300 million Spanish buyers.