China ceramic coatings market is estimated to grow at a CAGR of around 6.4% during the forecast period. According to OICA, China has manufactured about 29 million vehicles in 2017 as compared to 28.1 million vehicles in 2016 with significant production growth of 3.2% in 2017. About 25 million new passenger cars were registered and 4.2 million new commercial vehicles were registered in the country in 2017. The Chinese Central Government expects that China automotive output will touch 30 million units by 2020 and 35 million by 2025.

The government of China launched Made in China 2025 initiatives for the manufacturing industry. This initiative aims to upgrade the industry from low-cost mass production to higher value-added advanced manufacturing. The initiative prioritizes 10 sectors including the automotive sector. In April 2017 China announced, “Automobile Mid and Long-Term Development Plan” for further development of the automotive sector in the upcoming 10 years. In December 2016, the country has implemented a “Luxury Car Consumption Tax” of 10% on imported cars valued above $188,000. This significant focus on increasing automobile production presents an immense opportunity for China ceramic coatings market. Ceramic coatings are beneficial for automotive surfaces as it protects the car from corrosion, scratches, and provides gloss and longevity.

Some crucial players in the market include 3M Co., AkzoNobel N.V., BASF SE, and DuPont de Nemours, Inc. To survive in the market, the market players are adopting crucial strategies, such as product launches, geographical expansion, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in December 2019, BASF SE declared to double the production capacity of automotive refinish coatings site in Jiangmen, Guangdong Province in South China, by constructing a new facility for automotive refinish coatings at Jiangmen site, China. This expansion of capacity aims to meet the automobile customers’ demand across the region. 

Research Methodology

The market study of the China ceramic coatings market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models. 

Market Segmentation:

1. China Ceramic Coatings Market Research and Analysis by Technology
2. China Ceramic Coatings Market Research and Analysis by Coating Type
3. China Ceramic Coatings Market Research and Analysis by End-User

The Report covers:

• Comprehensive research methodology of the China ceramic coatings market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regulations and other government policies impacting the China ceramic coatings market.
• Insights about market determinants which are stimulating the China ceramic coatings market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.