Automotive Coatings Market Research Report - Global Forecast to 2030

Automotive Coating Market - by Product (Primer, Basecoat, Electrocoat), Substrate (Metal, Plastic, Composite), Technology (Water-Borne, Solvent-Borne, Powder Coating), Resin Type (Polyurethane, Epoxy, Acrylic) and Region till 2030

ID: MRFR/CnM/1222-HCR | August 2022 | Region: Global | 143 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Technology

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain of Global Automotive Coatings Market

5 Industry Overview of Global Automotive Coatings Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Automotive Coatings Market, by Product

7.1 Introduction

7.2 Basecoat

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Clearcoat

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 Electrocoat

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast, by Region, 2020–2027

7.5 Primer

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast, by Region, 2020–2027

7.6 Others

7.6.1 Market Estimates & Forecast, 2020–2027

7.6.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global Automotive Coatings Market, by Substrate

8.1 Introduction

8.2 Plastic

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Metal

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.4 Composites

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Region, 2020–2027

8.5 Others

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Region, 2020–2027

9. Global Automotive Coatings Market, by Technology

9.1 Introduction

9.2 Water-Borne

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Region, 2020–2027

9.3 Solvent-Borne

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Region, 2020–2027

9.4 Powder Coating

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Region, 2020–2027

10. Global Automotive Coatings Market, by Resin Type

10.1 Introduction

10.2 Polyurethane

10.2.1 Market Estimates & Forecast, 2020–2027

10.2.2 Market Estimates & Forecast, by Region, 2020–2027

10.3 Epoxy

10.3.1 Market Estimates & Forecast, 2020–2027

10.3.2 Market Estimates & Forecast, by Region, 2020–2027

10.4 Acrylic

10.4.1 Market Estimates & Forecast, 2020–2027

10.4.2 Market Estimates & Forecast, by Region, 2020–2027

10.5 Others

10.5.1 Market Estimates & Forecast, 2020–2027

10.5.2 Market Estimates & Forecast, by Region, 2020–2027

11. Global Automotive Coatings Market, by Region

11.1 Introduction

11.2 North America

11.2.1 Market Estimates & Forecast, 2020–2027

11.2.2 Market Estimates & Forecast, by Product, 2020–2027

11.2.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.2.4 Market Estimates & Forecast, by Technology, 2020–2027

11.2.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.2.6 U.S.

11.2.6.1 Market Estimates & Forecast, 2020–2027

11.2.6.2 Market Estimates & Forecast, by Product 2020–2027

11.2.6.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.2.6.4 Market Estimates & Forecast, by Technology, 2020–2027

11.2.6.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.2.7 Canada

11.2.7.1 Market Estimates & Forecast, 2020–2027

11.2.7.2 Market Estimates & Forecast, by Product, 2020–2027

11.2.7.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.2.7.4 Market Estimates & Forecast, by Technology, 2020–2027

11.2.7.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.3 Europe

11.3.1 Market Estimates & Forecast, 2020–2027

11.3.2 Market Estimates & Forecast, by Product, 2020–2027

11.3.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.3.4 Market Estimates & Forecast, by Technology, 2020–2027

11.3.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.3.6 Germany

11.3.6.1 Market Estimates & Forecast, 2020–2027

11.3.6.2 Market Estimates & Forecast, by Product, 2020–2027

11.3.6.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.3.6.4 Market Estimates & Forecast, by Technology, 2020–2027

11.3.6.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.3.7. France

11.3.7.1 Market Estimates & Forecast, 2020–2027

11.3.7.2 Market Estimates & Forecast, by Product, 2020–2027

11.3.7.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.3.7.4 Market Estimates & Forecast, by Technology, 2020–2027

11.3.7.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.3.8 Italy

11.3.8.1 Market Estimates & Forecast, 2020–2027

11.3.8.2 Market Estimates & Forecast, by Product, 2020–2027

11.3.8.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.3.8.4 Market Estimates & Forecast, by Technology, 2020–2027

11.3.8.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.3.9 Spain

11.3.9.1 Market Estimates & Forecast, 2020–2027

11.3.9.2 Market Estimates & Forecast, by Product, 2020–2027

11.3.9.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.3.9.4 Market Estimates & Forecast, by Technology, 2020–2027

11.3.9.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.3.10 U.K.

11.3.10.1 Market Estimates & Forecast, 2020–2027

11.3.10.2 Market Estimates & Forecast, by Product, 2020–2027

11.3.10.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.3.10.4 Market Estimates & Forecast, by Technology, 2020–2027

11.3.10.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.3.11 Poland

11.3.11.1 Market Estimates & Forecast, 2020–2027

11.3.11.2 Market Estimates & Forecast, by Product, 2020–2027

11.3.11.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.3.11.4 Market Estimates & Forecast, by Technology, 2020–2027

11.3.11.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.3.12 Russia

11.3.12.1 Market Estimates & Forecast, 2020–2027

11.3.12.2 Market Estimates & Forecast, by Product, 2020–2027

11.3.12.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.3.12.4 Market Estimates & Forecast, by Technology, 2020–2027

11.3.12.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.4 Asia-Pacific

11.4.1 Market Estimates & Forecast, 2020–2027

11.4.2 Market Estimates & Forecast, by Product, 2020–2027

11.4.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.4.4 Market Estimates & Forecast, by Technology, 2020–2027

11.4.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.4.6 China

11.4.6.1 Market Estimates & Forecast, 2020–2027

11.4.6.2 Market Estimates & Forecast, by Product, 2020–2027

11.4.6.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.4.6.4 Market Estimates & Forecast, by Technology, 2020–2027

11.4.6.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.4.7 India

11.4.7.1 Market Estimates & Forecast, 2020–2027

11.4.7.2 Market Estimates & Forecast, by Product, 2020–2027

11.4.7.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.4.7.4 Market Estimates & Forecast, by Technology, 2020–2027

11.4.7.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.4.8 Japan

11.4.8.1 Market Estimates & Forecast, 2020–2027

11.4.8.2 Market Estimates & Forecast, by Product, 2020–2027

11.4.8.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.4.8.4 Market Estimates & Forecast, by Technology, 2020–2027

11.4.8.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.4.9 Australia

11.4.9.1 Market Estimates & Forecast, 2020–2027

11.4.9.2 Market Estimates & Forecast, by Product, 2020–2027

11.4.9.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.4.9.4 Market Estimates & Forecast, by Technology, 2020–2027

11.4.9.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.4.10 New Zealand

11.4.10.1 Market Estimates & Forecast, 2020–2027

11.4.10.2 Market Estimates & Forecast, by Product, 2020–2027

11.4.10.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.4.10.4 Market Estimates & Forecast, by Technology, 2020–2027

11.4.10.5Market Estimates & Forecast, by Resin Type, 2020–2027

11.4.11 Rest of Asia-Pacific

11.4.11.1 Market Estimates & Forecast, 2020–2027

11.4.11.2 Market Estimates & Forecast, by Product, 2020–2027

11.4.11.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.4.11.4 Market Estimates & Forecast, by Technology, 2020–2027

11.4.11.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.5 Middle East & Africa

11.5.1 Market Estimates & Forecast, 2020–2027

11.5.2 Market Estimates & Forecast, by Product, 2020–2027

11.5.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.5.4 Market Estimates & Forecast, by Technology, 2020–2027

11.5.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.5.6 Turkey

11.5.6.1 Market Estimates & Forecast, 2020–2027

11.5.6.2 Market Estimates & Forecast, by Product, 2020–2027

11.5.6.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.5.6.4 Market Estimates & Forecast, by Technology, 2020–2027

11.5.6.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.5.7 Israel

11.5.7.1 Market Estimates & Forecast, 2020–2027

11.5.7.2 Market Estimates & Forecast, by Product, 2020–2027

11.5.7.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.5.7.4 Market Estimates & Forecast, by Technology, 2020–2027

11.5.7.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.5.8 North Africa

11.5.8.1 Market Estimates & Forecast, 2020–2027

11.5.8.2 Market Estimates & Forecast, by Product, 2020–2027

11.5.8.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.5.8.4 Market Estimates & Forecast, by Technology, 2020–2027

11.5.8.5Market Estimates & Forecast, by Resin Type, 2020–2027

11.5.9 G.C.C.

11.5.9.1 Market Estimates & Forecast, 2020–2027

11.5.9.2 Market Estimates & Forecast, by Product, 2020–2027

11.5.9.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.5.9.4 Market Estimates & Forecast, by Technology, 2020–2027

11.5.9.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.5.10 Rest of the Middle East & Africa

11.5.10.1 Market Estimates & Forecast, 2020–2027

11.5.10.2 Market Estimates & Forecast, by Product, 2020–2027

11.5.10.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.5.10.4 Market Estimates & Forecast, by Technology, 2020–2027

11.5.10.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.6 Latin America

11.6.1 Market Estimates & Forecast, 2020–2027

11.6.2 Market Estimates & Forecast, by Product, 2020–2027

11.6.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.6.4 Market Estimates & Forecast, by Technology, 2020–2027

11.6.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.6.4 Brazil

11.6.4.1 Market Estimates & Forecast, 2020–2027

11.6.4.2 Market Estimates & Forecast, by Product, 2020–2027

11.6.4.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.6.4.4 Market Estimates & Forecast, by Technology, 2020–2027

11.6.4.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.6.5 Argentina

11.6.5.1 Market Estimates & Forecast, 2020–2027

11.6.5.2 Market Estimates & Forecast, by Product, 2020–2027

11.6.5.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.6.5.4 Market Estimates & Forecast, by Technology, 2020–2027

11.6.5.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.6.6 Mexico

11.6.6.1 Market Estimates & Forecast, 2020–2027

11.6.6.2 Market Estimates & Forecast, by Product, 2020–2027

11.6.6.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.6.6.4 Market Estimates & Forecast, by Technology, 2020–2027

11.6.6.5 Market Estimates & Forecast, by Resin Type, 2020–2027

11.6.7 Rest of Latin America

11.6.7.1 Market Estimates & Forecast, 2020–2027

11.6.7.2 Market Estimates & Forecast, by Product, 2020–2027

11.6.7.3 Market Estimates & Forecast, by Substrate, 2020–2027

11.6.7.4 Market Estimates & Forecast, by Technology, 2020–2027

11.6.7.5 Market Estimates & Forecast, by Resin Type, 2020–2027

12. Company Landscape

13. Company Profiles

13.1 BASF SE

13.1.1 Company Overview

13.1.2 Product/Business Segment Overview

13.1.3 Financial Updates

13.1.4 Key Developments

13.2 Axalta Coating Systems

13.2.1 Company Overview

13.2.2 Product/Business Segment Overview

13.2.3 Financial Updates

13.2.4 Key Developments

13.3 Kansai Paint Co., Ltd.

13.3.1 Company Overview

13.3.2 Product/Business Segment Overview

13.3.3 Financial Updates

13.3.4 Key Developments

13.4 AkzoNobel N.V.

13.4.1 Company Overview

13.4.2 Product/Business Segment Overview

13.4.3 Financial Updates

13.4.4 Key Developments

13.5 Jotun A/S

13.5.1 Company Overview

13.5.2 Product/Business Segment Overview

13.5.3 Financial Updates

13.5.4 Key Developments

13.6 Nippon Paint Holdings Co., Ltd.

13.6.1 Company Overview

13.6.2 Product/Business Segment Overview

13.6.3 Financial Updates

13.6.4 Key Developments

13.7 PPG Industries, Inc.

13.7.1 Company Overview

13.7.2 Product/Business Segment Overview

13.7.3 Financial Updates

13.7.4 Key Developments

13.8 The Valspar Corporation

13.8.1 Company Overview

13.8.2 Product/Business Segment Overview

13.8.3 Financial Updates

13.8.4 Key Developments

13.9 Arkema SA

13.9.1 Company Overview

13.9.2 Product/Business Segment Overview

13.9.3 Financial Updates

13.9.4 Key Developments

13.10 Berger Paints

13.10.1 Company Overview

13.10.2 Product/Business Segment Overview

13.10.3 Financial Updates

13.10.4 Key Developments

13.11 Clariant AG

13.11.1 Company Overview

13.11.2 Product/Business Segment Overview

13.11.3 Financial Updates

13.11.4 Key Developments

13.12 Koninklijke DSM N.V.

13.12.1 Company Overview

13.12.2 Product/Business Segment Overview

13.12.3 Financial Updates

13.12.4 Key Developments

13.13 Cabot Corporation

13.13.1 Company Overview

13.13.2 Product/Business Segment Overview

13.13.3 Financial Updates

13.13.4 Key Developments

13.14 Sherwin-Williams Company

13.14.1 Company Overview

13.14.2 Product/Business Segment Overview

13.14.3 Financial Updates

13.14.4 Key Developments

13.15 Bayer AG

13.15.1 Company Overview

13.15.2 Product/Business Segment Overview

13.15.3 Financial Updates

13.15.4 Key Developments

14 Conclusion

LIST OF TABLES

Table 1 World Population in Major Regions (2020–2030)

Table 2 Global Automotive Coatings Market, by Region, 2020–2027

Table 3 North America: Automotive Coatings Market, by Country, 2020–2027

Table 4 Europe: Automotive Coatings Market, by Country, 2020–2027

Table 5 Asia-Pacific: Automotive Coatings Market, by Country, 2020–2027

Table 6 Middle East & Africa: Automotive Coatings Market, by Country, 2020–2027

Table 7 Latin America: Automotive Coatings Market, by Country, 2020–2027

Table 8 Global Automotive Coatings Product Market, by Region, 2020–2027

Table 9 North America: Automotive Coatings Product Market, by Country, 2020–2027

Table10 Europe: Automotive Coatings by Product Market, by Country, 2020–2027

Table11 Asia-Pacific: Automotive Coatings Product Market, by Country, 2020–2027

Table12 Middle East & Africa: Automotive Coatings Product Market, by Country, 2020–2027

Table13 Latin America: Automotive Coatings, by Product Market, by Country, 2020–2027

Table14 Global Automotive Coatings, by Substrate Market, by Region, 2020–2027

Table15 North America: Automotive Coatings, by Substrate Market, by Country, 2020–2027

Table16 Europe: Automotive Coatings, by Substrate Market, by Country, 2020–2027

Table17 Asia-Pacific: Automotive Coatings, by Substrate Market, by Country, 2020–2027

Table18 Middle East & Africa: Automotive Coatings, by Substrate Market, by Country, 2020–2027

Table19 Latin America: Automotive Coatings, by Substrate Market, by Country, 2020–2027

Table 20 Global Automotive Coatings, by Technology Market, by Regions, 2020–2027

Table 21 North America: Automotive Coatings, by Technology Market, by Country, 2020–2027

Table 22 Europe: Automotive Coatings, by Technology Market, by Country, 2020–2027

Table 23 Asia–Pacific: Automotive Coatings, by Technology Market, by Country, 2020–2027

Table 24 Middle East & Africa: Automotive Coatings, by Technology Market, by Country, 2020–2027

Table 25 Latin America: Automotive Coatings, by Technology Market, by Country, 2020–2027

Table26 Global Automotive Coatings, by Resin Type Market, by Regions, 2020–2027

Table27 North America: Automotive Coatings, by Resin Type Market, by Country, 2020–2027

Table28 Europe: Automotive Coatings, by Resin Type Market, by Country, 2020–2027

Table29 Asia-Pacific: Automotive Coatings, by Resin Type Market, by Country, 2020–2027

Table30 Middle East & Africa: Automotive Coatings, by Resin Type Market, by Country, 2020–2027

Table31 Latin America: Automotive Coatings by Resin Type Market, by Country, 2020–2027

Table32 Global Product Market, by Region, 2020–2027

Table33 Global Substrate Market, by Region, 2020–2027

Table34 Global Substrate Market, by Region, 2020–2027

Table35 North America: Automotive Coatings Market, by Country

Table36 North America: Automotive Coatings Market, by Product

Table37 North America: Automotive Coatings Market, by Substrate

Table38 North America: Automotive Coatings Market, by Technology

Table39 North America: Automotive Coatings Market, by Resin Type

Table40 Europe: Automotive Coatings Market, by Country

Table41 Europe: Automotive Coatings Market, by Product

Table42 Europe: Automotive Coatings Market, by Substrate

Table43 Europe: Automotive Coatings Market, by Technology

Table 44 Europe: Automotive Coatings Market, by Resin Type

Table45 Asia-Pacific: Automotive Coatings Market, by Country

Table46 Asia-Pacific: Automotive Coatings Market, by Product

Table47 Asia-Pacific: Automotive Coatings Market, by Substrate

Table48 Asia-Pacific: Automotive Coatings Market, by Technology

Table 49 Asia-Pacific: Automotive Coatings Market, by Resin Type

Table50 Middle East & Africa: Automotive Coatings Market, by Country

Table51 Middle East & Africa Automotive Coatings Market, by Product

Table52 Middle East & Africa Automotive Coatings Market, by Substrate

Table53 Middle East & Africa: Automotive Coatings Market, by Technology

Table54 Middle East & Africa: Automotive Coatings Market, by Resin Type

Table55 Latin America: Automotive Coatings Market, by Country

Table56 Latin America: Automotive Coatings Market, by Product

Table57 Latin America: Automotive Coatings Market, by Substrate

Table58 Latin America: Automotive Coatings Market, by Technology

Table59 Latin America: Automotive Coatings Market, by Resin Type

LIST OF FIGURES

FIGURE 1 Global Automotive Coatings Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Automotive Coatings Market

FIGURE 4 Value Chain of Global Automotive Coatings Market

FIGURE 5 Share of Global Automotive Coatings Market in 2020, by Country (in %)

FIGURE 6 Global Automotive Coatings Market, 2020–2027,

FIGURE 7 Sub-Segments of Product

FIGURE 10 Global Automotive Coatings Market Size, by Product, 2020

FIGURE 10 Share of Global Automotive Coatings Market, by Product, 2020–2027

FIGURE 10 Global Automotive Coatings Market size, by Substrate, 2020

FIGURE 11 Share of Global Automotive Coatings Market, by Substrate, 2020–2027

FIGURE 12 Global Automotive Coatings Market Size, by Technology, 2020

FIGURE 13 Share of Global Automotive Coatings Market, by Technology, 2020–2027

FIGURE 14 Global Automotive Coatings Market size, by Resin Type, 2020–2027

FIGURE 15 Share of Global Automotive Coatings Market, by Resin Type, 2020–2027

Automotive Coating Market

Automotive Coating Market is projected to be worth USD 25.2 Billion by 2030, registering a CAGR of 7% during the forecast period (2022 - 2030).

Segmentation

By Product Primer Basecoat Electrocoat
By Technology Water Borne Solvent Borne Powder Coating
By Resin Type Polyurethane Epoxy Acrylic

Key Players

  • BASF SE (Germany)
  • Axalta Coating Systems (U.S.)
  • Kansai Paint Co. Ltd. (Japan)
  • Akzo Nobel N.V. (Netherlands)
  • Jotun (Norway)
  • Nippon Paint Holdings Co. Ltd. (Japan)
  • PPG Industries Inc. (U.S.)
  • The Valspar Corporation (U.S.)
  • Arkema SA (France)
  • Berger Paints India Limited (India)
  • Clariant (Switzerland)
  • Koninklijke DSM N.V. (Netherlands)
  • Cabot Corporation (U.S.)
  • The Sherwin-Williams Company (U.S.)
  • Bayer AG (Germany).

Drivers

  • The increasing demand for automotive coatings can be attributed to shifting consumer preference for more aesthetic and attractive vehicles
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Automotive Coatings Market Overview


Automotive Coating Market is projected to be worth USD 25.2 Billion by 2030, registering a CAGR of 7% during the forecast period (2022 - 2030). Automotive coatings are water-resistant dry coatings that are used to protect vehicles from corrosion and improve their appearance and performance. Such coatings are made from raw materials such as acrylics, titanium dioxide, and pigments derived from petroleum-based chemicals, and they have important properties such as a good elastomeric finish and a higher surface hardness. They're used on metal surfaces like car bodies, wheels, and parts. With increased demand from OEMs, the automotive coatings market is expected to grow significantly over time.


The increased demand for automotive coatings can be attributed to a shift in consumer preferences for more aesthetically pleasing and appealing vehicles. as well as rising demand for various colors and textures, improved sales-supportive policies, and rising purchasing power parity (PPP) in emerging economies. The Asia-Pacific region is expected to experience the fastest growth in the automotive coatings market due to the region's high economic growth rate, developing infrastructure, and rising demand from end-use industries.


Global Automotive Coating Market Share, by Product 2017 (%)


Automotive Coating Market Share 


Source: MRFR Analysis


Regional Analysis


The global automotive coatings market has been studied with respect to five regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is the largest market on account of the rapid industrialization in the region during recent years. India, China, South Korea, Japan, and Malaysia are the major contributors to the growth of this regional market. The factors driving market growth in the region are growing urbanization, changing lifestyles, increasing purchasing power of people, and rising consumer awareness in favor of the protection and maintenance of vehicles. North America is the second-largest global automotive coatings market. The U.S is the largest market in this region due to the growing demand for passenger cars in the country. Europe is another important region in the global automotive coatings market. The U.K., France, Germany, Italy, and Belgium are the major contributors to this regional market. Europe is a prominent market for automotive coatings as the majority of the key players have production facilities in the region. Additionally, the region is home to some of the world’s largest automotive manufacturers. The markets in the Middle East & Africa and Latin America are expected to contribute substantially to the growth of the global automotive coatings market due to stabilizing political and economic conditions and increasing industrialization.


Segmentation


The global automotive coating market has been segmented on the basis of product, substrate, technology, resin type, and region.


On the basis of product, the market has been segmented into primer, basecoat, electrocoat, and clearcoat, and others.


Based on substrate, the market has been categorized into metal, plastics, composites, and others.


By technology, the market has been classified into water-borne, solvent-borne, powder, and radiation curable.


On the basis of resin type, the market has been segmented into polyurethane, epoxy, automotive, and others.


The market has been studied in five key regions—Asia-Pacific, North America, Europe, the Middle East & Africa, and Latin America


Key Players


The prominent players in the global automotive coating market are BASF SE (Germany), Axalta Coating Systems (U.S.), Kansai Paint Co.,Ltd.. (Japan), Akzo Nobel N.V. (Netherlands), Jotun (Norway), Nippon Paint Holdings Co., Ltd. (Japan), PPG Industries, Inc. (U.S.), The Valspar Corporation (U.S.), Arkema SA (France), Berger Paints India Limited (India), Clariant (Switzerland), Koninklijke DSM N.V. (Netherlands), Cabot Corporation (U.S.), The Sherwin-Williams Company (U.S.), and Bayer AG (Germany).


Recent Development


Akzo Nobel N.V., a Dutch multinational company that manufactures paints and performance coatings for both industry and consumers worldwide, has acquired Colombia-based paints and coatings firm Grupo Orbis, bolstering its long-term position in Latin America. The Pintuco paints and coatings business, Andercol and Poliquim (resins, emulsions, adhesives, and specialty chemicals), Mundial (paints and related product distribution services), and Centro de Servicios Mundial are all included in this transaction.


PPG, global paint, coatings, and specialty materials supplier headquartered in Pittsburgh, has acquired Hemmelrath's Erlenbach site to expand its automotive coatings portfolio. This acquisition will help the company expand its automotive coatings offering by expanding its formulating and manufacturing capabilities. The clearcoat unit employs fully automated production technology, allowing for faster and shorter manufacturing periods, as well as the flexible production of several batch sizes ranging from 25 to 50 metric tonnes.Intended Audience



  • Automotive coating manufacturers

  • Traders and distributors of automotive coating

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2023: USD 25 Billion
  • 2030: Significant Value
  •   CAGR

  • 25% (2018-2023)
  • 2030: Significant Value
  •   Base Year   2021
      Forecast Period   2022Β toΒ 2030
      Historical Data   2019Β &Β 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Product, substrate, technology, resin type, and region
      Geographies Covered   North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa
      Key Vendors   BASF SE (Germany), Axalta Coating Systems (U.S.), Kansai Paint Co.,Ltd.. (Japan), Akzo Nobel N.V. (Netherlands), Jotun (Norway), Nippon Paint Holdings Co., Ltd. (Japan), PPG Industries, Inc. (U.S.), The Valspar Corporation (U.S.), Arkema SA (France), Berger Paints India Limited (India), Clariant (Switzerland), Koninklijke DSM N.V. (Netherlands), Cabot Corporation (U.S.), The Sherwin-Williams Company (U.S.), and Bayer AG (Germany).
      Key Market Opportunities   Changing climatic conditions and rising awareness on the part of consumers to maintain, protect, and enhance the longevity of their vehicles
      Key Market Drivers   The increasing demand for automotive coatings can be attributed to shifting consumer preference for more aesthetic and attractive vehicles


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    Frequently Asked Questions (FAQ) :

    The global automotive coating market valuation can touch USD 25 billion by 2023.

    The wide scope for decorative, protective, and functional coatings is the major driver of the global automotive coating market.

    Consumer inclination to ensure the longevity of vehicles and changes in climatic conditions are trends which can impact the global automotive coating market.

    The APAC region can dominate the global automotive coating market due to robust production of cars and the increasing disposable income levels of consumers.

    Jotun, The Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Arkema SA, Axalta Coating Systems, BASF SE, Akzo Nobel N.V., Bayer AG, The Valspar Corporation, PPG Industries, Inc., Koninklijke DSM N.V., Cabot Corporation, Kansai Paint Co., Ltd., Berger Paints India Limited, and Clariant are major players of the global automotive coating market.