Global Automotive Underbody Coatings Market Growth 2023-2029

Global Automotive Underbody Coatings Market Growth 2023-2029

Underbody coating is usually a dense cladding (often based on rubber) applied uniformly to the undercarriage of the automobile. It is normally sprayed or painted on when the car is just out of the dealership and is clean.

LPI (LP Information)' newest research report, the “Automotive Underbody Coatings Industry Forecast” looks at past sales and reviews total world Automotive Underbody Coatings sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Underbody Coatings sales for 2023 through 2029. With Automotive Underbody Coatings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Underbody Coatings industry.

This Insight Report provides a comprehensive analysis of the global Automotive Underbody Coatings landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Underbody Coatings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Underbody Coatings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Underbody Coatings and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Underbody Coatings.

The global Automotive Underbody Coatings market size is projected to grow from US$ 1686.5 million in 2022 to US$ 1877.6 million in 2029; it is expected to grow at a CAGR of 1877.6 from 2023 to 2029.

PPG is the largest manufacturers of automotive underbody coatings in the world which occupied over 20% market share. North America is the largest production in the worldf, which accounts for over 30% market share, followed by China. In terms of product, rubberized is the largest segment, with a share about 60%. And in terms of application, passenger car is the the largest segment, accounting for about 80%.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Underbody Coatings market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Rubberized
Asphalt Based
Wax Based
Others

Segmentation by application
Passenger Car
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
PPG
Henkel
Sherwin-Williams
3M
Sika
ThreeBond

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Underbody Coatings market?

What factors are driving Automotive Underbody Coatings market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Underbody Coatings market opportunities vary by end market size?

How does Automotive Underbody Coatings break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.