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US is world`s second biggest automotive market. More than 70% passenger cars sold in US are mid and full-size SUVs/crossovers/pickups. Due to higher vehicle transaction prices, popularity of longer and wider vehicles and abundant colour choices, it is an important part for automotive paint companies.
Axalta delivered its 68th yearly Global Automotive Color Popularity Report uncovering the most widely recognized automotive tones out and about today are white (38%), black (19%) and gray (15%). Gray increased by two percentage points worldwide and is at a 10-year high.
At 38% of the total global market for the last three years, white is the most frequently purchased automotive colour globally for 10 consecutive years. Silver continues to decline in all regions and its popularity is now in the single digits at 9%. Black holds steady year-over-year and remains a favourite in luxury vehicles.
Nippon Paint Holdings Co., Ltd. (NPHD) declared the consolidation of its U.S. automotive organizations.
The consolidation is planned to produce results on Jan. 1, 2021. NPA Coatings Inc., NB Coatings, Inc., and NPAA Chattanooga will converge into a solitary organization and work under the name Nippon Paint Automotive Americas, Inc.
The consolidation will achieve a one-organization answer for pre-treatment, electrocoat, body paint a lot on-plastic item contributions explicitly intended to address the issues of the car coatings market.
NPAC, situated in Cleveland, Ohio, produces and sells E-Coat, body paint, and pre-treatment synthetics to car OEMs and providers fundamentally situated in North America. NB Coatings (Lansing, Illinois) makes and sells coatings for paint-on-plastic applications for car OEMs and their Tiers, additionally fundamentally in North America.
Also, the third area in Chattanooga, Tennessee was as of late settled as the site of another assembling office.
It will fundamentally deliver E-Coat and topcoats for the car market. The Chattanooga area will be another 270,000-square-foot LEED (Leadership in Energy and Environmental Design) confirmed assembling office, which will use probably the most cutting-edge innovations accessible to improve efficiency and maintainability.