Commercial Vehicle Paint & Coating refer to the specialized coatings applied to the exterior surfaces of commercial vehicles such as trucks, buses, trailers, and other heavy-duty vehicles. These coatings protect the vehicle's surface from weathering, corrosion, and abrasion, and also enhance its appearance. Commercial Vehicle Paint & Coating play an important role in protecting and enhancing the appearance of commercial vehicles, while also ensuring their longevity and durability in harsh environments.

Wide applications of Commercial Vehicle Paint & Coating in military vehicles, agriculture equipment, trailers, construction equipment, buses and trucks has become key factors in target market growth. Rapid growth of Commercial Vehicle Paint & Coating can be attributed to increasing demand for commercial vehicles such as trucks, buses, and trailers is a major driver of the paint and coating industry. As more commercial vehicles are produced the demand for paint and coating also increases that has been driven by a combination of innovation, patents, marketing, and regulation which in turn, has facilitated the Commercial Vehicle Paint & Coating Market growth over the forecast period.

The report “Commercial Vehicle Paint & Coating Market, By Type (Water-Based Coating, Solvent Coatings, Powder Coatings, and High Solid Coatings), By Application (Light and Heavy Duty), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

 Key Highlights:

• In March 2019, HMG Paints Ltd., launched commercial vehicle topcoat “Acrythane 4G” of a revolutionary one visit application. It is an acrylic polyurethane coating with a high gloss and high solids content that was created to meet and exceed the demanding standards of the commercial vehicle industry. It strikes the perfect mix between early toughness, quick cure, and lengthy pot life.
• In July 2020, Nippon Paint launched protect range of industrial paints. It consists of specialized coating products, top coats, and primers. Additionally, this gives OEMs, OE affiliates, and industrial users access to a wide variety of paint products.
• In January 2021, Axalta launched two new products i.e. “Imron Elite ColorPLUS” and Imron Elite Diretc-toPlastic basecoat”. Both products are made to provide the highest level of quality and durability for the modern commercial transportation vehicles. These product extensions are intended to assist the clients in producing products of the highest standard while maintaining to budget, quality, and cycle time goals.

Analyst View:

Commercial Vehicle Paint & Coating market is expected to be driven by rising demand for commercial vehicles due to increasing economic status and infrastructure development projects. There is ongoing research and development in the coatings industry, leading to the development of new and advanced coating technologies that offer better protection, durability, and performance. The adoption of these new technologies by the commercial vehicle paint and coating industry is expected to drive market growth. The demand for eco-friendly coatings is expected to increase in the future due to the growing awareness of the impact of industrial activities on the environment which in turn, is anticipated to boost the demand for Commercial Vehicle Paint & Coating market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Commercial Vehicle Paint & Coating Market, By Type (Water-Based Coating, Solvent Coatings, Powder Coatings, and High Solid Coatings), By Application (Light and Heavy Duty), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Commercial Vehicle Paint & Coating Market accounted for US$ 7.5 billion in 2022 and is estimated to be US$ 13.9 billion by 2032 and is anticipated to register a CAGR of 6.5%. Commercial Vehicle Paint & Coating Market is segmented based on Type, Application and Region.

• Based on Type, Commercial Vehicle Paint & Coating Market is segmented into Water-Based Coating, Solvent Coatings, Powder Coatings, and High Solid Coatings.
• Based on Application, Commercial Vehicle Paint & Coating Market is segmented into Light and Heavy Duty.
• By Region, the Commercial Vehicle Paint & Coating Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Commercial Vehicle Paint & Coating Market:

The prominent players operating in the Commercial Vehicle Paint & Coating Market includes, Akzo Nobel N.V, Valspar Corporation, The Sherwin-Williams Company, Strong Chemical, PPG Industries, BASF SE, Axalta Coating Systems, NIPPON, Kansai, KCC Corporation and others.

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