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Color-Shifting Coating Market Key Drivers, Industry Size, Regional Investments and Top Segments Data Forecast | Increasing Demand from Automotive Industry to Stimulate Growth

 The global color-shifting coating market size is expected to gain momentum owing to the rising demand from the automotive industry during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Color-Shifting Coating Market, 2022-2029.” When light hits it from various levels of angles, it provides a color shift visual effect and changes its color from one to another. The basic materials utilized to manufacture are transparent gloss medium, thermo chromic pigment powder with aluminum flake, and acrylic paints.

COVID-19 Impact-

Detrimental Impact of Covid-19 on Chemical Industry

Several countries were compelled to go into lockdown due to the pandemic which resulted in the closing of practically every industry's manufacturing facilities for a period of time. Various end-user industries, such as automotive, architecture, transportation, and packaging, were badly impacted by the COVID-19 epidemic. The lockdown period's temporary stoppage of manufacturing facilities and industrial operations impacted the market for color-shifting coating.

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Segments-

By type, the market is segmented into solvent-based coating, powder coating, water-based coating. On the basis of application, the market is segregated into architecture, automotive, aerospace, and others. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

What does the Report Offer?

The market report offers integrated information on the key drivers, constraints, and opportunities driving industry growth. The research goes on to generate data volume by component, end consumer, and demographic.

Drivers & Restraints-

Increasing Demand from Automotive Industry to Stimulate Growth

The global color-shifting coating market growth is expected to grow due to the increasing demand from the automotive industry during the projected period. The capacity to change color from one to another while also offering UV protection, color-shifting coatings are a popular choice in the automotive industry. It is mostly utilized in commercial and passenger vehicles, automobiles, and SUV trucks. The introduction of new colors in automotive cars, rapid growth in the automotive industry, and the introduction of electric automobiles will boost product demand.

REGIONAL INSIGHTS

Increasing Adoption in Architecture Application to Promote Growth in Asia Pacific

Asia Pacific is expected to hold the largest global color-shifting coating market share during the forecast period. This is due to increasing demand for water-based coating in the architecture application is expected to drive the market in the region.

North America is expected to have a sizable share of the market. The significant growth due to increasing demand for powder coating in the aerospace industry in the region.

Competitive Landscape-

Manufacturers Focus on R&D Investments to Strengthen their Position

Many firms in the color-shifting coating business are investing in R&D to expand their range of sustainable coatings, capitalizing on the current sustainability movement that is dominating the sector. In addition, some businesses are intentionally purchasing regional players to increase their footprint in rapidly growing markets.

Industry Development-

  • April 2019: PPG Acquired Hemmelrath Lackfabrik to aid strategic expansion initiatives by adding new products to the company's current portfolio.

List of Key Players Profiled in the Global Market for Color-Shifting Coating:

  • 3M
  • Green Stuff World International
  • DNA Paints
  • PLAID
  • BASF SE
  • The Sherwin-Williams Company
  • KP Pigments
  • VIAVI Solutions
  • SolarColorDust
  • Chameleon Paint Pearls
  • Merck KGaA

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https://www.fortunebusinessinsights.com/enquiry/queries/color-shifting-coating-market-105222

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