Global Automotive Coatings Market

 

 

Automotive coatings are used on automotive surfaces exemplify the Avant-grade of technologies, which are capable of producing durable surfaces, exceeding customers’ expectations of appearance, maximizing efficiency and meeting the government’s environmental regulations. The automotive coatings demand is growing, with changing consumer’s awareness of cost-effective solutions on vehicle maintenance, and is expected to propel the demand for economical automotive coating solutions over the forecast period. The market has enormous opportunities in emerging economies like India, China, and Brazil, thanks to their end-use industry growth.

The global automotive coatings market is expected to grow at a CAGR of XX% over the forecast period.

The report covers the detailed analysis of the global automotive coatings industry with the classifications of the market on the product, applications, technology, end-use, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it.

The report has profiled major key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in the North America region. The major country’s policies about the oil and gas industry and its impact on automotive coatings, manufacturers are covered in the report.

Global Automotive Coatings Market

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The Primer segment was dominant in 2019 and is expected to maintain its position during the forecast period.

• Primer
• Electrocoat
• Basecoat
• Clearcoat

By Product, the Primer segment is expected to gain XX % of the market share by 2027. Primers are used to provide enhanced protection with a rust-inhibitive base for paints and coats. The primer is a paint-like substance, which is usually applied on sanded metal before applying the topcoat. Automakers and consumers are driving towards products that provide excellent protection during rough use. Major Key Players in the industry are investing in the development of high-performance and economical coatings solutions to maintain their position in the highly competitive market. Automotive aesthetic characteristics, corrosion protection, vehicle mass production, cost, environmental regulation, appearance, and durability are the factors driving the development of the automotive coatings market.

Global Automotive Coatings Market 1

Light Vehicle OEM segment held major market share XX % in 2019 and is expected to grow xx% by 2027.

• Light Vehicle OEM
• Commercial Vehicle OEM
• Automotive Refinish

The light vehicle OEM segment holds the largest market share XX% of the total automotive coating market during the forecast period, followed by the commercial vehicle OEM segment. The sale of the light vehicle has increased from 69 Mn units in 2016 to 70 Mn units in 2017, with annual growth of 1.87%. However, the commercial vehicle manages to maintain an annual growth rate of around 8% which is from 24 Mn in 2016 to 26 Mn in 2017. The majority of key players in the light vehicle segment sold their vehicles at competitive prices. The vehicle is expected to grow due to significant recovery of the global economy and estimated positive growth in the global automotive sector over the nearer future. The demand for light vehicles is expected to grow at a CAGR xx% over the forecast period. Various factors such as constant growth in vehicle sales from the last five years. Growing demand for premium and luxury vehicles in developing countries like China, India, and Brazil. Increasing demand for SUVs and luxury vehicles in emerging countries. Automakers are constantly developing automotive coating technologies to improve vehicle protection against rust, daily wear, and scratches. The development of automotive coating technology will drive the demand for the automotive coatings market during the forecast period.
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Global Automotive Coatings Market Regional Insights:

Global Automotive Coatings Market 2

North America automotive coating market is growing at a faster rate during 2019-2027.

Thanks to the increasing application of base coats over the past few years. It delivers enhanced efficiency and is eco-friendly. However, the coating market is facing some challenges like volatile raw materials price, strong demand for coatings, growing investment driving the market growth in North America. The Asia Pacific is expected to hold a major market share in terms of volume by 2027. The growth of the automotive sector, strong sales due to new policies implemented by the government. The automotive refinishing base coat market is expected to expand during the forecast period, due to growing sales of second-hand vehicles. The coating manufacturers are investing in the region to offer services to second-hand vehicles, which will drive the aftermarket coating service market growth in the Asia Pacific region.

Global Automotive Coatings Market 3

The objective of the report is to present a comprehensive analysis of the Global Automotive Coatings Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Automotive Coatings Market dynamics, structure by analyzing the market segments and project Global Automotive Coatings Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automotive Coatings Market the report investor’s guide.
Global Automotive Coatings Market, By Product

• Primer
• Electrocoat
• Basecoat
• Clearcoat
Global Automotive Coatings Market, By Technology

• Waterborne Coatings
• Solventborne Coatings
• Powder Coatings
• UV-cured Coatings
Global Automotive Coatings Market, By Application

• Metal Parts
• Plastic Parts
Global Automotive Coatings Market, By End-use

• Light Vehicle OEM
• Commercial Vehicle OEM
• Automotive Refinish
Global Automotive Coatings Market, by Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Global Automotive Coatings Market

• Axalta Coatings Systems LLC
• BASF SE
• PPG Industries, Inc.
• Kansai Paint Co. Ltd.
• Nippon Paint Holdings Co. Ltd.
• Bayer AG
• KCC Corporation
• The Valspar Corporation
• AkzoNobel N.V.
• The Sherwin-Williams Company
• Arkema SA
• Becker Industrial Coatings Ltd.
• Berger Paints India Limited
• Cabot Corporation
• Clariant
• Eastman Chemical Company
• Jotun
• Lord Corporation
• DSM
• Solvay S.A.

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