Automotive Coatings Market
PUBLISHED: 2023 ID: SMRC22404
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Automotive Coatings Market

Automotive Coatings Market Forecasts to 2028 - Global Analysis By Resin Type (Acrylic, Polyurethane, Epoxy, Other Resin Types), Technology (Water-Based, Powder-Based and Other Technologies), Coat Type (Basecoat, Clearcoat and Other Coat Types), Vehicle Type (Heavy Commercial Vehicles, Light Commercial Vehicles and Passenger Cars), Application and Geography

4.6 (68 reviews)
4.6 (68 reviews)
Published: 2023 ID: SMRC22404

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $15.0 BN

Projected Year Value (2028)

US $21.6 BN

CAGR (2022 - 2028)

6.3%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America

 

According to Stratistics MRC, the Global Automotive Coatings Market is accounted for $15.0 billion in 2022 and is expected to reach $21.6 billion by 2028 growing at a CAGR of 6.3% during the forecast period. The main purposes of automotive coatings are protection and decoration. To prevent corrosion on the metal, these coatings are applied in a series of phases. Primer, base coat, and clear coat are steps in the coating application process that are used to create a transparent and glossy surface. It can survive ultraviolet rays. They are frequently utilised in the automotive industry to enhance the aesthetic and functionality of vehicles. During the projection period, such a circumstance can raise market demand.

According to OICA, in the first half of 2021 (January-June), the global passenger vehicle production has increased by more than 26% when compared to the same period in 2020. In the first six months, the production has increased from 2,23,14,111 units in 2020, to reach about 2,81,48,90 in 2021.



 

Market Dynamics:

Driver:

Growing trends for automotive refinishing coating

In the automobile business, the emergence of autonomous and electric vehicles is making waves. Physical stores are also witnessing an increase in complexity and maintenance costs, with the additional effort required to maintain and analyse these systems in compliance with OEM criteria, since OEMs are adopting the usage of ADAS (advanced driver assistance programmes).There is a growing market for automotive coatings that improve the durability and aesthetics of cars. Additionally, these coatings shield autos against the harmful impacts of harsh environmental factors like UV radiation, foreign objects, acid rain, and extreme temperatures. These advantages will probably increase the industry's rapid growth during the anticipated period.

Restraint:

Complication in raw material sourcing

Solvents, pigment binders, and additives are examples of the raw ingredients used to make coatings. One of the most significant and typical raw materials utilised to create the product is titanium dioxide. The expansion of the market is anticipated to be hampered by the fluctuating prices of raw materials like titanium dioxide, one of the most widely utilised raw materials. Additionally, it is anticipated that during the projected period, manufacturers would face significant challenges related to acquiring raw materials. The high flammability and toxicity of the aforementioned goods are also anticipated to spur increase during the anticipated timeframe. Therefore, it is anticipated that changes in raw material prices and rising titanium dioxide prices will adversely affect market growth throughout the course of the forecast.

Opportunity:

Increasing advancements and protective features

The worldwide automotive coatings market is anticipated to expand as a result of rising protective features and technological advancements supplied by car manufacturers and aftermarket companies, including protection from UV radiation, acid rain, and high heat. The global market for automotive coatings is also anticipated to develop as a result of the high demand for certain eco-friendly coatings, including powder coatings, aqueous coatings, and UV-cured coatings. In addition, rising consumer acceptance of personal convenience and transportation, which is anticipated to lead to rising demand for automobiles and their coatings internationally, are some of the key factors anticipated to propel growth of the target market.

Threat:

Stringent regulatory policies

Due to the growing number of regulatory laws that various governments have implemented, manufacturers of automobile coatings are continually updating their procedures to be in compliance with the new laws. Products that don't adhere to the law are prohibited in nations with strict restrictions, particularly in western Europe and North America. Unfortunately, some lawmakers still rely their emission limits only on the amount of VOC present in exhaust gases. This may result in the approval of processes that produce high mass emissions, which call for higher airflows than low mass emissions, which only need for extremely low airflows. The reduced atmospheric emissions that result from the use of low-VOC coatings are likewise disregarded by the concentration approach.

Covid-19 Impact

The coronavirus outbreak has had a significant negative impact on the automotive coatings sector. Due to the lockdown measures, the majority of critical manufacturers had to close and suspend their ongoing initiatives. The automotive industry has also been impacted by the closure of some industries. The supply chain interruption caused by the COVID-19 outbreak has become another significant effect. Demand and investment have drastically decreased in the sector. By 2020, COVID-19 had an enormous effect on the global industry, particularly in the ASEAN area. Throughout the whole year, both the production and consumption of automotive coatings suffered greatly. Nevertheless, in the final quarter of 2020, the numbers started to rise.

The acrylic segment is expected to be the largest during the forecast period

The acrylic segment is estimated to have a lucrative growth. The market is driven by rising demand from the automobile industry, which will fuel market expansion in the ensuing years. Industry development has been aided by manufacturers' attempts to provide diverse eco-friendly, odourless, dust-proof, and waterproof coatings as well as the rising popularity of new coating models that offer better finishing and texture. A great mix of chemical resistance, mar resistance, and light stability is provided by acrylic resin when it is used to refinish clear coats on automobiles, which boosts demand for the material.

The Water-based segment is expected to have the highest CAGR during the forecast period

The Water-based segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the increased demand from the automotive industries, water-based technology is anticipated to grow at the quickest rate. In comparison to solvent-based coatings, water-based coatings have VOC levels that are below any regulation limits and can be utilised to cut overall emissions. These essential characteristics will outpace the industry's overall expansion during the coming years. Due to their high water content, these coatings are both easy to use and environmentally friendly. Additionally, because of their heat and abrasion resistance, they make a great primer. They can be used on thick or thin coatings and generate a powerful adhesive. The automotive sectors in emerging nations are experiencing a rise in demand for water-based coatings, which is expected to fuel market expansion.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rising auto manufacturing and economic expansion in emerging countries in Asia Pacific. Due to rising auto demand, an increase in domestic manufacturers, and improvements in transportation infrastructure, China is anticipated to lead this industry. Large coating producers like Nippon Paint, BASF, Kansai Paint, and KCC Paint are present in the Indian market, and this is anticipated to promote domestic market expansion. The Asia Pacific automobile refinish market may benefit from the drop in accidents in Europe.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to stringent government regulations and standards for carbon emissions, the majority of North American automakers are switching to electrified vehicle production, which has increased demand for commercial vehicles. The logistics and e-commerce industries stand to gain the most from this shift, which is fueling regional market expansion. The market expansion in the area has also been aided by the fact that manufacturers are now focusing more on electric vehicles as a way to reduce carbon emissions from vehicles.



 

Key players in the market

Some of the key players profiled in the Automotive Coatings Market include PPG Industries, Inc., Nippon Paint Holdings Co., Ltd., BASF SE, The Sherwin-Williams Company, PPG Asian paints, AkzoNobel, Axalta Coating Systems, Ltd., Kansai Nerolac Paints Limited, DSM, Kansai Paint Co., Ltd. and 3M.

Key Developments:

In August 2022, Axalta launched next-generation basecoat technology for the automotive refinish industry in Latin America.

In July 2022, AkzoNobel has acquired Lankwitzer Lackfabrik’s aluminum wheel liquid coatings business segment to strengthen its performance coatings portfolio which will accompany the existing powder coatings product portfolio and also expand the range of innovative products.

In May 2022, BASF expanded its Automotive Coatings Application Center at the Coatings Technology Center in Mangalore, India.

In November 2021, 3M India launched ceramic coating for the automotive and paint industry in India. The launched product offers an enhancement to all problems related to the exterior surfaces of cars.

In May 2021, Axalta Coating Systems expanded its waterborne coatings manufacturing unit in Jiading, Shanghai, China to the meet growing demand for sustainable coating solutions for industrial, automotive, and commercial vehicle markets in China and the Asia Pacific region.

In April 2021, PPG completed the acquisition of Cetelon Lackfabrik GmbH, a coatings manufacturer for light truck wheels and automotive applications. This acquisition will permit PPG to further build upon its powder and liquid coating technologies, color matching potential and existing coatings product portfolio.

Resin Types Covered:
• Acrylic
• Polyurethane
• Epoxy
• Other Resin Types

Technologies Covered:
• Water-Based
• Powder-Based
• Solvent-Based
• UV Cured Coating
• Other Technologies

Coat Types Covered:
• Basecoat
• Clearcoat
• E -Coat
• Primer
• Other Coat Types

Vehicle Types Covered:
• Heavy Commercial Vehicles
• Light Commercial Vehicles
• Passenger Cars

Applications Covered:
• Refinish
• Plastic Part
• Original Equipment Manufacturer (OEM)
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Automotive Coatings Market, By Resin Type
5.1 Introduction
5.2 Acrylic
5.3 Polyurethane
5.4 Epoxy
5.5 Other Resin Types

6 Global Automotive Coatings Market, By Technology
6.1 Introduction
6.2 Water-Based
6.3 Powder-Based
6.4 Solvent-Based
6.5 UV Cured Coating
6.6 Other Technologies

7 Global Automotive Coatings Market, By Coat Type
7.1 Introduction
7.2 Basecoat
7.3 Clearcoat
7.4 E -Coat
7.5 Primer
7.6 Other Coat Types

8 Global Automotive Coatings Market, By Vehicle Type
8.1 Introduction
8.2 Heavy Commercial Vehicles
8.3 Light Commercial Vehicles
8.4 Passenger Cars

9 Global Automotive Coatings Market, By Application
9.1 Introduction
9.2 Refinish
9.3 Plastic Part
9.4 Original Equipment Manufacturer (OEM)
9.5 Other Applications

10 Global Automotive Coatings Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 PPG Industries, Inc.
12.2 Nippon Paint Holdings Co., Ltd.
12.3 BASF SE
12.4 The Sherwin-Williams Company
12.5 PPG Asian Paints
12.6 AkzoNobel
12.7 Axalta Coating Systems, Ltd.
12.8 Kansai Nerolac Paints Limited
12.9 DSM
12.10 Kansai Paint Co., Ltd.
12.11 3M

List of Tables
1 Global Automotive Coatings Market Outlook, By Region (2020-2028) ($MN)
2 Global Automotive Coatings Market Outlook, By Resin Type (2020-2028) ($MN)
3 Global Automotive Coatings Market Outlook, By Acrylic (2020-2028) ($MN)
4 Global Automotive Coatings Market Outlook, By Polyurethane (2020-2028) ($MN)
5 Global Automotive Coatings Market Outlook, By Epoxy (2020-2028) ($MN)
6 Global Automotive Coatings Market Outlook, By Other Resin Types (2020-2028) ($MN)
7 Global Automotive Coatings Market Outlook, By Technology (2020-2028) ($MN)
8 Global Automotive Coatings Market Outlook, By Water-Based (2020-2028) ($MN)
9 Global Automotive Coatings Market Outlook, By Powder-Based (2020-2028) ($MN)
10 Global Automotive Coatings Market Outlook, By Solvent-Based (2020-2028) ($MN)
11 Global Automotive Coatings Market Outlook, By UV Cured Coating (2020-2028) ($MN)
12 Global Automotive Coatings Market Outlook, By Other Technologies (2020-2028) ($MN)
13 Global Automotive Coatings Market Outlook, By Coat Type (2020-2028) ($MN)
14 Global Automotive Coatings Market Outlook, By Basecoat (2020-2028) ($MN)
15 Global Automotive Coatings Market Outlook, By Clearcoat (2020-2028) ($MN)
16 Global Automotive Coatings Market Outlook, By E -Coat (2020-2028) ($MN)
17 Global Automotive Coatings Market Outlook, By Primer (2020-2028) ($MN)
18 Global Automotive Coatings Market Outlook, By Other Coat Types (2020-2028) ($MN)
19 Global Automotive Coatings Market Outlook, By Vehicle Type (2020-2028) ($MN)
20 Global Automotive Coatings Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
21 Global Automotive Coatings Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
22 Global Automotive Coatings Market Outlook, By Passenger Cars (2020-2028) ($MN)
23 Global Automotive Coatings Market Outlook, By Application (2020-2028) ($MN)
24 Global Automotive Coatings Market Outlook, By Refinish (2020-2028) ($MN)
25 Global Automotive Coatings Market Outlook, By Plastic Part (2020-2028) ($MN)
26 Global Automotive Coatings Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
27 Global Automotive Coatings Market Outlook, By Other Applications (2020-2028) ($MN)
28 North America Automotive Coatings Market Outlook, By Country (2020-2028) ($MN)
29 North America Automotive Coatings Market Outlook, By Resin Type (2020-2028) ($MN)
30 North America Automotive Coatings Market Outlook, By Acrylic (2020-2028) ($MN)
31 North America Automotive Coatings Market Outlook, By Polyurethane (2020-2028) ($MN)
32 North America Automotive Coatings Market Outlook, By Epoxy (2020-2028) ($MN)
33 North America Automotive Coatings Market Outlook, By Other Resin Types (2020-2028) ($MN)
34 North America Automotive Coatings Market Outlook, By Technology (2020-2028) ($MN)
35 North America Automotive Coatings Market Outlook, By Water-Based (2020-2028) ($MN)
36 North America Automotive Coatings Market Outlook, By Powder-Based (2020-2028) ($MN)
37 North America Automotive Coatings Market Outlook, By Solvent-Based (2020-2028) ($MN)
38 North America Automotive Coatings Market Outlook, By UV Cured Coating (2020-2028) ($MN)
39 North America Automotive Coatings Market Outlook, By Other Technologies (2020-2028) ($MN)
40 North America Automotive Coatings Market Outlook, By Coat Type (2020-2028) ($MN)
41 North America Automotive Coatings Market Outlook, By Basecoat (2020-2028) ($MN)
42 North America Automotive Coatings Market Outlook, By Clearcoat (2020-2028) ($MN)
43 North America Automotive Coatings Market Outlook, By E -Coat (2020-2028) ($MN)
44 North America Automotive Coatings Market Outlook, By Primer (2020-2028) ($MN)
45 North America Automotive Coatings Market Outlook, By Other Coat Types (2020-2028) ($MN)
46 North America Automotive Coatings Market Outlook, By Vehicle Type (2020-2028) ($MN)
47 North America Automotive Coatings Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
48 North America Automotive Coatings Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
49 North America Automotive Coatings Market Outlook, By Passenger Cars (2020-2028) ($MN)
50 North America Automotive Coatings Market Outlook, By Application (2020-2028) ($MN)
51 North America Automotive Coatings Market Outlook, By Refinish (2020-2028) ($MN)
52 North America Automotive Coatings Market Outlook, By Plastic Part (2020-2028) ($MN)
53 North America Automotive Coatings Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
54 North America Automotive Coatings Market Outlook, By Other Applications (2020-2028) ($MN)
55 Europe Automotive Coatings Market Outlook, By Country (2020-2028) ($MN)
56 Europe Automotive Coatings Market Outlook, By Resin Type (2020-2028) ($MN)
57 Europe Automotive Coatings Market Outlook, By Acrylic (2020-2028) ($MN)
58 Europe Automotive Coatings Market Outlook, By Polyurethane (2020-2028) ($MN)
59 Europe Automotive Coatings Market Outlook, By Epoxy (2020-2028) ($MN)
60 Europe Automotive Coatings Market Outlook, By Other Resin Types (2020-2028) ($MN)
61 Europe Automotive Coatings Market Outlook, By Technology (2020-2028) ($MN)
62 Europe Automotive Coatings Market Outlook, By Water-Based (2020-2028) ($MN)
63 Europe Automotive Coatings Market Outlook, By Powder-Based (2020-2028) ($MN)
64 Europe Automotive Coatings Market Outlook, By Solvent-Based (2020-2028) ($MN)
65 Europe Automotive Coatings Market Outlook, By UV Cured Coating (2020-2028) ($MN)
66 Europe Automotive Coatings Market Outlook, By Other Technologies (2020-2028) ($MN)
67 Europe Automotive Coatings Market Outlook, By Coat Type (2020-2028) ($MN)
68 Europe Automotive Coatings Market Outlook, By Basecoat (2020-2028) ($MN)
69 Europe Automotive Coatings Market Outlook, By Clearcoat (2020-2028) ($MN)
70 Europe Automotive Coatings Market Outlook, By E -Coat (2020-2028) ($MN)
71 Europe Automotive Coatings Market Outlook, By Primer (2020-2028) ($MN)
72 Europe Automotive Coatings Market Outlook, By Other Coat Types (2020-2028) ($MN)
73 Europe Automotive Coatings Market Outlook, By Vehicle Type (2020-2028) ($MN)
74 Europe Automotive Coatings Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
75 Europe Automotive Coatings Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
76 Europe Automotive Coatings Market Outlook, By Passenger Cars (2020-2028) ($MN)
77 Europe Automotive Coatings Market Outlook, By Application (2020-2028) ($MN)
78 Europe Automotive Coatings Market Outlook, By Refinish (2020-2028) ($MN)
79 Europe Automotive Coatings Market Outlook, By Plastic Part (2020-2028) ($MN)
80 Europe Automotive Coatings Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
81 Europe Automotive Coatings Market Outlook, By Other Applications (2020-2028) ($MN)
82 Asia Pacific Automotive Coatings Market Outlook, By Country (2020-2028) ($MN)
83 Asia Pacific Automotive Coatings Market Outlook, By Resin Type (2020-2028) ($MN)
84 Asia Pacific Automotive Coatings Market Outlook, By Acrylic (2020-2028) ($MN)
85 Asia Pacific Automotive Coatings Market Outlook, By Polyurethane (2020-2028) ($MN)
86 Asia Pacific Automotive Coatings Market Outlook, By Epoxy (2020-2028) ($MN)
87 Asia Pacific Automotive Coatings Market Outlook, By Other Resin Types (2020-2028) ($MN)
88 Asia Pacific Automotive Coatings Market Outlook, By Technology (2020-2028) ($MN)
89 Asia Pacific Automotive Coatings Market Outlook, By Water-Based (2020-2028) ($MN)
90 Asia Pacific Automotive Coatings Market Outlook, By Powder-Based (2020-2028) ($MN)
91 Asia Pacific Automotive Coatings Market Outlook, By Solvent-Based (2020-2028) ($MN)
92 Asia Pacific Automotive Coatings Market Outlook, By UV Cured Coating (2020-2028) ($MN)
93 Asia Pacific Automotive Coatings Market Outlook, By Other Technologies (2020-2028) ($MN)
94 Asia Pacific Automotive Coatings Market Outlook, By Coat Type (2020-2028) ($MN)
95 Asia Pacific Automotive Coatings Market Outlook, By Basecoat (2020-2028) ($MN)
96 Asia Pacific Automotive Coatings Market Outlook, By Clearcoat (2020-2028) ($MN)
97 Asia Pacific Automotive Coatings Market Outlook, By E -Coat (2020-2028) ($MN)
98 Asia Pacific Automotive Coatings Market Outlook, By Primer (2020-2028) ($MN)
99 Asia Pacific Automotive Coatings Market Outlook, By Other Coat Types (2020-2028) ($MN)
100 Asia Pacific Automotive Coatings Market Outlook, By Vehicle Type (2020-2028) ($MN)
101 Asia Pacific Automotive Coatings Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
102 Asia Pacific Automotive Coatings Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
103 Asia Pacific Automotive Coatings Market Outlook, By Passenger Cars (2020-2028) ($MN)
104 Asia Pacific Automotive Coatings Market Outlook, By Application (2020-2028) ($MN)
105 Asia Pacific Automotive Coatings Market Outlook, By Refinish (2020-2028) ($MN)
106 Asia Pacific Automotive Coatings Market Outlook, By Plastic Part (2020-2028) ($MN)
107 Asia Pacific Automotive Coatings Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
108 Asia Pacific Automotive Coatings Market Outlook, By Other Applications (2020-2028) ($MN)
109 South America Automotive Coatings Market Outlook, By Country (2020-2028) ($MN)
110 South America Automotive Coatings Market Outlook, By Resin Type (2020-2028) ($MN)
111 South America Automotive Coatings Market Outlook, By Acrylic (2020-2028) ($MN)
112 South America Automotive Coatings Market Outlook, By Polyurethane (2020-2028) ($MN)
113 South America Automotive Coatings Market Outlook, By Epoxy (2020-2028) ($MN)
114 South America Automotive Coatings Market Outlook, By Other Resin Types (2020-2028) ($MN)
115 South America Automotive Coatings Market Outlook, By Technology (2020-2028) ($MN)
116 South America Automotive Coatings Market Outlook, By Water-Based (2020-2028) ($MN)
117 South America Automotive Coatings Market Outlook, By Powder-Based (2020-2028) ($MN)
118 South America Automotive Coatings Market Outlook, By Solvent-Based (2020-2028) ($MN)
119 South America Automotive Coatings Market Outlook, By UV Cured Coating (2020-2028) ($MN)
120 South America Automotive Coatings Market Outlook, By Other Technologies (2020-2028) ($MN)
121 South America Automotive Coatings Market Outlook, By Coat Type (2020-2028) ($MN)
122 South America Automotive Coatings Market Outlook, By Basecoat (2020-2028) ($MN)
123 South America Automotive Coatings Market Outlook, By Clearcoat (2020-2028) ($MN)
124 South America Automotive Coatings Market Outlook, By E -Coat (2020-2028) ($MN)
125 South America Automotive Coatings Market Outlook, By Primer (2020-2028) ($MN)
126 South America Automotive Coatings Market Outlook, By Other Coat Types (2020-2028) ($MN)
127 South America Automotive Coatings Market Outlook, By Vehicle Type (2020-2028) ($MN)
128 South America Automotive Coatings Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
129 South America Automotive Coatings Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
130 South America Automotive Coatings Market Outlook, By Passenger Cars (2020-2028) ($MN)
131 South America Automotive Coatings Market Outlook, By Application (2020-2028) ($MN)
132 South America Automotive Coatings Market Outlook, By Refinish (2020-2028) ($MN)
133 South America Automotive Coatings Market Outlook, By Plastic Part (2020-2028) ($MN)
134 South America Automotive Coatings Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
135 South America Automotive Coatings Market Outlook, By Other Applications (2020-2028) ($MN)
136 Middle East & Africa Automotive Coatings Market Outlook, By Country (2020-2028) ($MN)
137 Middle East & Africa Automotive Coatings Market Outlook, By Resin Type (2020-2028) ($MN)
138 Middle East & Africa Automotive Coatings Market Outlook, By Acrylic (2020-2028) ($MN)
139 Middle East & Africa Automotive Coatings Market Outlook, By Polyurethane (2020-2028) ($MN)
140 Middle East & Africa Automotive Coatings Market Outlook, By Epoxy (2020-2028) ($MN)
141 Middle East & Africa Automotive Coatings Market Outlook, By Other Resin Types (2020-2028) ($MN)
142 Middle East & Africa Automotive Coatings Market Outlook, By Technology (2020-2028) ($MN)
143 Middle East & Africa Automotive Coatings Market Outlook, By Water-Based (2020-2028) ($MN)
144 Middle East & Africa Automotive Coatings Market Outlook, By Powder-Based (2020-2028) ($MN)
145 Middle East & Africa Automotive Coatings Market Outlook, By Solvent-Based (2020-2028) ($MN)
146 Middle East & Africa Automotive Coatings Market Outlook, By UV Cured Coating (2020-2028) ($MN)
147 Middle East & Africa Automotive Coatings Market Outlook, By Other Technologies (2020-2028) ($MN)
148 Middle East & Africa Automotive Coatings Market Outlook, By Coat Type (2020-2028) ($MN)
149 Middle East & Africa Automotive Coatings Market Outlook, By Basecoat (2020-2028) ($MN)
150 Middle East & Africa Automotive Coatings Market Outlook, By Clearcoat (2020-2028) ($MN)
151 Middle East & Africa Automotive Coatings Market Outlook, By E -Coat (2020-2028) ($MN)
152 Middle East & Africa Automotive Coatings Market Outlook, By Primer (2020-2028) ($MN)
153 Middle East & Africa Automotive Coatings Market Outlook, By Other Coat Types (2020-2028) ($MN)
154 Middle East & Africa Automotive Coatings Market Outlook, By Vehicle Type (2020-2028) ($MN)
155 Middle East & Africa Automotive Coatings Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
156 Middle East & Africa Automotive Coatings Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
157 Middle East & Africa Automotive Coatings Market Outlook, By Passenger Cars (2020-2028) ($MN)
158 Middle East & Africa Automotive Coatings Market Outlook, By Application (2020-2028) ($MN)
159 Middle East & Africa Automotive Coatings Market Outlook, By Refinish (2020-2028) ($MN)
160 Middle East & Africa Automotive Coatings Market Outlook, By Plastic Part (2020-2028) ($MN)
161 Middle East & Africa Automotive Coatings Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
162 Middle East & Africa Automotive Coatings Market Outlook, By Other Applications (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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