Global Automotive Coatings Market By Overview
Introduction:
A paint which is used to improve vehicle appearance and look, as well as to avoid corrosion and protect outer material from dust and dirt is referred as automotive coating. There are various methods and techniques which are followed for fast coating process and for its longer lifespan. Water-based acrylic polyurethane enamel paint is commonly used to reduce environmental impact. A typical automotive coating system consists of four layers namely, the e-coat, the primer or filler, the basecoat and the clear coat. Paint application requires preparation of primers before it is applied followed by basecoat is applied. Primers serves as leveler, it is important surface which protects the vehicles from corrosion, heat differences, bumps, stone-chips, UV-light etc. Base coat contains the visual properties of color and effects, and is usually the one referred to as the paint. Nowadays, automotive paints come in liquid form, spray form, and powder forms: - Liquid, spray, and powder or additives. The automotive coatings market accounted for US$ 15.23 billion in 2020 and is estimated to be US$ 23.50 billion by 2030 and is anticipated to register a CAGR of 4.5%.
Global Automotive Coatings Market By Dynamics
Rising demand of customization of cars
Increasing vehicle production across the globe and increasing preference for various color combination for vehicles among users are the major factors driving growth of the global automotive coatings market. Moreover, advancements in spray painting machine and increasing demand for powder coating are the other factors expected to propel growth of the target market during the next ten years. Usage of technology provides a virtual experience to the customer about color and texture with 3-D viewpoint to effectively imagine the looks of the vehicle after actual processing. Such advancement in the automotive coatings is expected to expand the market potential. Changing customer preference on customization is also projected to propel the growth of the target market.
However, volatile prices of raw material and raw material supply chain issues are the major factors expected to hamper growth of the global automotive coatings market.
Global Automotive Coatings Market By Segmentation
The global automotive coatings market is segmented based on resin type, coat type, technology, end–use application, and region.
On the basis of resin type, the global automotive coatings market has been segmented into polyurethane, epoxy, acrylic, and others (silicone and alkyd). Coat segment includes clear coat, basecoat, e–coat, and primer. Also, on the basis of technology type, the global automotive coatings market has been segmented into solvent–borne, water–borne, and others (powder coating and UV–cured coating). End–use application segment includes light vehicle OEM, commercial vehicle OEM, and automotive refinish.
Regional Insights:
The global automotive coatings market accounted for US$ 15.23 billion in 2020 and is estimated to be US$ 23.50 billion by 2030 and is anticipated to register a CAGR of 4.5%. On region the global automotive coatings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to account for major market share in terms of revenue as compared to that of other regions, and is expected to maintain its dominance throughout the forecast period. This growth is highly associated with increasing sales of cars and other commercial vehicles in countries in the region. North America is expected to witness highest share in terms of revenue during the forecast period.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Resin Type- Polyurethane, Epoxy, Acrylic, and Others (Silicone and Alkyd) By Coat Type– Clearcoat, Basecoat, E–Coat, and Primer By Technology - Olvent–Borne, Water–Borne, and Others (Powder Coating and UV–Cured Coating) By End–Use Application- Light Vehicle OEM, Commercial Vehicle OEM, and Automotive Refinish |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global automotive coatings market report based on resin type, coat type, technology, end–use application, and region.
Global Automotive Coatings Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Automotive Coatings Market By Key Players
The key players operating in the global automotive coatings market includes BASF SE, PPG Industries, Inc., Akzonobel N.V., Kansai Paint Co., Ltd., Axalta Coating Systems, The Valspar Corporation, Nippon Paint Holdings Co., Ltd., KCC Corporation, The Sherwin-Williams Company, and Jotun.
Nippon Paint Holdings Co. Ltd:
NIPSEA group announced the expansion of its product line in automotive businesses to offer end-to-end solutions. The ‘n-force’ brand, which comprises of avast portfolio of non-paint consumables, will complement Nippon Paint’s full range of paint products.
Global Automotive Coatings Market By Company Profile
Company Profile:
- BASF SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- PPG Industries, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Akzonobel N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Kansai Paint Co., Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Axalta Coating Systems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Valspar Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nippon Paint Holdings Co., Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- KCC Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Sherwin-Williams Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Jotun
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Automotive Coatings Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Automotive Coatings Strategies
- Key Questions this Study will Answer
- Market Snippet, By Resin Type
- Market Snippet, By Coat Type
- Market Snippet, By Technology
- Market Snippet, By End Use Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Resin Type 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Polyurethane
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Epoxy
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Acrylic
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others (Silicone and Alkyd)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Coat Type 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Clearcoat
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Basecoat
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- E-Coat
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Primer
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Technology 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Olvent Borne
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Water Borne
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others (Powder Coating and UV-Cured Coating)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Application 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Light Vehicle OEM
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Commercial Vehicle OEM
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Automotive Refinish
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Region, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Resin Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Coat Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End Use Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Resin Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Coat Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End Use Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Resin Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Coat Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End Use Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Resin Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Coat Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End Use Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Resin Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Coat Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Bn), By End Use Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- BASF SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- PPG Industries, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Akzonobel N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Kansai Paint Co., Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Axalta Coating Systems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Valspar Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nippon Paint Holdings Co., Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- KCC Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Sherwin-Williams Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Jotun
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Automotive Coatings market is segmented into basis of resin type, coat type, technology, end–use application, and region.
The use of automotive coating solutions is projected to be boosted by rising trends in automobile refurbishment, custom paint patterns, and vinyls.
By region, Rise in demand for automotive coatings in Asia Pacific and Latin America is likely to drive the automotive coatings market during the forecast period.
The Key players operating in the global Automotive Coatings market include BASF SE, PPG Industries, Inc., Akzonobel N.V., Kansai Paint Co., Ltd., Axalta Coating Systems, The Valspar Corporation, Nippon Paint Holdings Co., Ltd., KCC Corporation, The Sherwin-Williams Company, and Jotun.