The global pigment base coat market is expected to grow at a significant CAGR during the forecast period (2024-2031). The major factors propelling the growth of the global pigment base coat market include rising demands of coating in the automobile industry for protection and aesthetic purpose. Pigment base coats are utilized in the automotive industry in the interior and external sections of automobiles since they provide protection and attractiveness. They are utilized in both metallic and plastic automotive components. The major purpose of automobile coatings is to protect car parts from harmful environmental agents including sunshine, corrosive chemicals, and environmental impacts like acid rain, hot-cold shocks, stone chipping, UV radiation can washing, and blowing sand. For vehicle restoration, these coatings are utilized in auto body shops and repair facilities.
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A basecoat is the initial layer of paint or other coating substance that acts as the foundation for the application of the top or finishing coat. If a priming coat is necessary, it is applied before the basecoat. Pigment Base Coat is used for pigmented leathers that are intended for refinishing the leather for pigmented upholstery. The product provides great coverage and adherence. It can be applied with a sponge first, then sprayed, and then softly diluted with water to get the desired viscosity.
The key players contributing to the growth of the global pigment base coat market by adopting various strategies such as product launches & developments, mergers and acquisitions, partnerships, and agreements, include Axalta Coating System, DIC Corporation, Covestro AG, AccuCoat Inc., Carl Schlenk AG, among others. For instance, in November 2020, Lomon and Billions showcased their titanium dioxide (TiO2) pigment base coating and inks at CHINACOAT 2020. Lomon and Billions showcased its LOMON R-996 TiO2 pigment and BILLIONS BLR-895 TiO2 pigment for exterior and interior coats.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Axalta Coating System, DIC Corporation, Covestro AG, AccuCoat Inc., Carl Schlenk AG, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Pigment Base Coat Market -Segmentation
By Type
- Organic
- Inorganic
- Specialty
By Application
- Structure
- Automotive
- Commercial Electronics
- Others
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