"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Automotive Coatings Market Size, Share & Industry Analysis, By Resin (Polyurethane, Epoxy, Acrylic, Others), By Technology (Water-borne, Solvent-borne, Powder Coating, Others), By Coat Type (Clearcoat, Basecoat,mPrimer, Electrocoat), By Application (OEM, Refinishing, Others) and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI102736 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Global automotive industry is continuously evolving with new technological innovations to suit the highly demanding requirements of the consumers. This situation has introduced the demand for the development of paints and coatings which not only provide beauty to the automobile but also fulfill secondary value-added functions. Usage of digital technologies and data analytics to enhance the efficiency and effectiveness of automotive coatings are expected to disrupt the traditional market practices. Usage of such technologies provides a virtual experience to the customers about the color and texture with a 3-dimensional viewpoint to effectively imagine the looks of the vehicle after actual processing. Such advancements in the automotive coatings are expected to expand the market potential.


The advent of automatic and driverless cars has led the automotive coatings manufacturers to carry out innovation and development of coatings that comply with the sensors and radars set in these cars. With automatic cars being expected to take over the global traffic in the near future, the demand for advanced coatings is expected to increase, thus driving the market for automotive coatings for the next few years.


Key Market Driver -

Usage of automotive coatings for signal recognition for automatic cars shall provide excellent pathway to growth of the market

Key Market Restraint -

Complications in raw material sourcing impeding the market


However, several raw materials including acrylics, titanium dioxides and pigments that are used in the manufacture of these coatings are either difficult to obtain or are obtained from petroleum-based chemicals. The pricing of such materials is fluctuating. Thus, such complications in raw material sourcing are primarily impeding the growth of the automotive coatings market.


Market Segmentation:


Based on resin, the automotive coatings market is divided into polyurethane, epoxy, acrylic, and others. Based on technology, the market is categorized into water-borne, solvent-borne, powder coating, and others. Based on coat type, the market is characterized into clearcoat, basecoat, primer, and electrocoat. Based on application, the market is segmented into OEM, refinishing, and others.


From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.


Key Players Covered:


The global automotive coatings market is highly fragmented, with many global and regional players operating in it. Some of the key players in the automotive coatings market include BASF SE, Flora Coatings LLC, The DECC Company, PPG Industries Limited, Nippon Paint Inc., Stahl Holdings B.V., AkzoNobel N.V., The Sherwin-Williams Company, Axalta Worldwide, TCI Powder Coatings, Asian Paints PPG, Kansai Nerolac, KCC Corporation, and Koninklijke DSM N.V.


Key Insights



  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenarios

  • Porters Five Forces Analysis


Regional Analysis:


The automotive coatings market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is largest and fastest-growing region in the automotive coatings market with the spurt of the automobile sector in the region. Shifting of manufacturing bases by companies such as Mercedes, Volkswagon, Audi, Nissan and Skoda in developing countries to get labor at low cost shall drive the market in Asia Pacific. Europe is expected to witness steady growth over the forecast period with increasing automobile production in Western Europe.


To gain extensive insights into the market, Request for Customization


The market in North America is expected to show slow yet improving performance with demand for automatic vehicles projected to increase. The market in Latin America and Middle East & Africa will be governed by the investment opportunities available for the automotive manufacturers in these regions. The Middle East & Africa will show better performance than Latin America due to ease in the transportation of material from Europe and Asia Pacific.


Segmentation






























 ATTRIBUTE


 DETAILS

By Resin




  • Polyurethane

  • Epoxy

  • Acrylic

  • Others



By Technology




  • Water-borne

  • Solvent-borne

  • Powder Coating

  • Others



By Coat Type




  • Clearcoat

  • Basecoat

  • Primer

  • Electrocoat



By Application




  • OEM

  • Refinishing

  • Others



By Geography




  • North America (U.S.A., and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia, Czech Republic, and Rest of Europe)

  • Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Australia & New Zealand, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, Turkey, Iran, and Rest of Middle East & Africa)



Automotive Coatings Industry Developments



  • In February 2020, Akzo Nobel signed a supply agreement with BMW Group to supply them with vehicle refinish products and services at 44 locations across the globe. The agreement approves usage of Akzo Nobel’s Sikkens and Lesonal Brands for paint repairs of BMW and Mini Cooper cars at authorized dealers and BMW Group branches.

  • In December 2019, BASF started construction of additional capacity at its Jiangmen site in China. The construction is to be completed by first half of 2022 and shall double the production capacity of automotive refinish coatings to support the growth of automotive industry in Asia Pacific.

  • In April 2019, PPG Industries acquired Hemmelrath, a manufacturer of automotive coatings with manufacturing facilities in Germany, China, the U.S.A., and Brazil. The move will give PPG Industries improved production capability and supply opportunities in these countries.


Automotive Coatings Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • $4850
    $6850
    $8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

GM
3M
Iwatani
Samsung
Citibank

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X