Automotive Paints And Coatings Market
Automotive Paints & Coatings Market Forecasts to 2028 - Global Analysis By Raw Material (Epoxy, Acrylic, Polyurethane and Other Resins), Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles and Passenger Cars), Coating Type (Clearcoat, Electrocoat, Basecoat and Primer), Technology Type (UV Curved, Powder, Water Borne and Solvent Borne), Texture (Solid, Metallic and Matte)and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $22.38 BN |
|
Projected Year Value (2028) |
US $43.70BN |
|
CAGR (2022 - 2028) |
11.8% |
|
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 |
Europe |
According to Stratistics MRC, the Global Automotive Paints & Coatings Market is accounted for $22.38 billion in 2022 and is expected to reach $43.70 billion by 2028 growing at a CAGR of 11.8% during the forecast period. Automotive paints and coatings assist in protecting automobiles and their components from rust and other effects of the harsh environment. Growing use of environmentally friendly paints and varnishes as a result of strict government rules for within the projected period, gas emissions and environmental concerns related to the paint & coating production process are anticipated to drive the market for automotive paints and coatings. Players in the market are investing in finishes and technologies to offer customers options for personalising their automobiles. Additionally, the market is seeing considerable growth in corrosion resistance, increased gloss finishing, and scratch resistance.
According to the International Labor Organization, it is estimated that factory closures in Europe and North America caused some 2.5 million vehicles to be removed from production schedules at a cost of $77.7 billion in lost revenue for automotive and related manufacturing companies such as automotive paints, and other component industries.
Market Dynamics:
Driver:
Growing developments in automotive refinishing coatings and paintings
The automotive industry has already been challenged by the emergence of autonomous and electrified vehicles. The complexity and repair costs of physical stores are rising as more original equipment manufacturer deploy advanced driver assistance systems with a particular effort needed to maintain and analyse these systems in compliance with original equipment manufacturer specifications and the rising need for automotive coatings to improve vehicles' resilience and aesthetic appeal. 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:
Strict regulations
Demand for products is anticipated to be constrained by stringent regulations governing emissions of dangerous air pollutants like ethyl benzene, toluene, methyl ethyl ketone, and volatile organic compounds like xylene. Additionally, the high flammability and toxicity of the aforementioned items are anticipated to spur expansion over the course of the projection period. As a result, it is anticipated that the growing cost of titanium dioxide and the fluctuating price of raw materials will adversely affect market expansion throughout the projection period.
Opportunity:
Sustainable development in coating and painting industry
The development of coatings and painting goods efficiently is in high demand due to stringent environmental restrictions. The substrates that automotive coatings are applied to are kept intact and protected, conserving both material resources and energy. When conducting company operations, companies often take sustainability into account. The major objective is to reduce volatile organic compounds, which includes resource and energy conservation, the use of renewable resources, improving the effectiveness of processes, and reducing waste creating huge opportunities for the growth of the market.
Threat:
Procurement of Raw Materials is Complicated
Solvents, pigment binders, and additives are some of the raw ingredients utilised in the creation of coatings. One of the most significant and typical raw materials utilised to create the product is titanium dioxide. It is anticipated that the market will experience slower growth because to the shifting pricing of raw materials like titanium dioxide, one of the most widely utilised raw materials. Additionally, during the projected period, manufacturers are anticipated to face significant challenges related to the difficulties in locating raw materials which hamper the market growth.
Covid-19 Impact
The corona virus 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, which hinder the market growth.
The acrylic segment is expected to be the largest during the forecast period
The Acrylic segment is estimated to have a lucrative growth, due to rising demand from the automobile industry, which will fuel market expansion in the ensuing years. Manufacturers' efforts to produce diverse eco-friendly, odourless, dust-proof, and waterproof coatings, as well as the growing popularity of new coating models that offer better finishing and texture, have promoted the industry's growth. A strong combination of chemical resistance, mar resistance, and light stability is provided by acrylic resin when it is applied to car OEMs and refinishes clear coats, which raises consumer demand for the material and in turn propels the market growth.
The water borne segment is expected to have the highest CAGR during the forecast period
The water borne segment is anticipated to witness the fastest CAGR growth during the forecast period, due to due to rising demand from the automotive sectors, the technology with the highest growth. In comparison to solvent-based coatings, waterborne coatings and paintings have volatile organic compound levels that are below any regulation limits and can be utilised to minimise 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.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to he region's strong economic growth, expanding manufacturing sectors, affordable labour, and a global shift in consumption and production capacity from developed to emerging markets. Additionally, the main industries in this area focus on quicker online sales growth and penetration to provide novel avenues for income generation in unexplored markets. Companies are continuously investing in disruptive technologies to allow beneficial and affordable supply chain systems, and market leaders are integrating enterprise risk management solutions into their manufacturing ecosystems.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to large number of auto manufacturers in the area. Additionally, the region looks for notable mergers and acquisitions among market participants, which heightens competition and makes the industry more volatile for growth. The main drivers of the region's growth are an increase in disposable income and rising vehicle affordability, which is anticipated to increase the rate of vehicle adoption. In addition, the expansion of global players' production facilities in European nations encourages regional growth.
Key players in the market
Some of the key players profiled in the Automotive Paints & Coatings Market include Axalta Coating Systems, BASF SE, Akzo Nobel NV, Donglai Coating Technology, Eastman, Nippon Paint Holdings Co. Ltd, PPG Industries, Inc., The Valspar Corporation., KCC Corporation, Covestro, Dupont, Cabot Corp, Kansai Paint Co. Ltd, Wanda refinish, Kwality Paints and Coatings Pvt. Ltd, Sheenlac Paints Ltd, Snowcem Paints and Jotun
Key Developments:
In Jan 2023, BASF and Cargill further expand their partnership to offer high-performance enzyme solutions to animal protein producers in the United States. Together, the two companies are committed to bringing innovative enzyme-based solutions to the market, generating distinctive value for animal feed customers.
In Jan 2023, BASF’s Monomers division announces sustainability roadmap and expands portfolio of climate-friendly products. At the same time, the division will continue to prioritize technical optimization measures to cut CO2 emissions from operations and the Monomers division supplies key industries from food packaging, textiles, automotive or construction to wood binders and many others with base chemicals.
In Oct 2022, Axalta launches their latest ICONICA powder coatings collection at Batimat, France, The newest edition is a reflection of how our world has changed since the release of the original ICONICA collection in 2017. This period has seen a notable shift across a selection of key areas, with major developments in performance standards and colour and surface finish trends, as well as a heightened focus on the environment.
In Aug 2022, Axalta Launches Next Generation Basecoat Technology for the Automotive Refinish Industry in Latin America. Its next generation basecoat technology, Cromax® Gen, is the new product will help increase productivity and optimize costs for body shops.
Raw Materials Covered:
• Epoxy
• Acrylic
• Polyurethane
• Other Resins
Vehicle Types Covered:
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Passenger Cars
Coating Types Covered:
• Clearcoat
• Electrocoat
• Basecoat
• Primer
Technology Types Covered:
• UV Curved
• Powder
• Water Borne
• Solvent Borne
Textures Covered:
• Solid
• Metallic
• Matte
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 Emerging Markets
3.8 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 Paints & Coatings Market, By Raw Material
5.1 Introduction
5.2 Epoxy
5.3 Acrylic
5.4 Polyurethane
5.5 Other Resins
6 Global Automotive Paints & Coatings Market, By Vehicle Type
6.1 Introduction
6.2 Light Commercial Vehicles
6.3 Heavy Commercial Vehicles
6.4 Passenger Cars
7 Global Automotive Paints & Coatings Market, By Coating Type
7.1 Introduction
7.2 Clearcoat
7.3 Electrocoat
7.4 Basecoat
7.5 Primer
8 Global Automotive Paints & Coatings Market, By Technology Type
8.1 Introduction
8.2 UV Curved
8.3 Powder
8.4 Water Borne
8.5 Solvent Borne
9 Global Automotive Paints & Coatings Market, By Texture
9.1 Introduction
9.2 Solid
9.3 Metallic
9.4 Matte
10 Global Automotive Paints & 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 Axalta Coating Systems
12.2 BASF SE
12.3 Akzo Nobel NV
12.4 Donglai Coating Technology
12.5 Eastman
12.6 Nippon Paint Holdings Co. Ltd
12.7 PPG Industries, Inc.
12.8 The Valspar Corporation.
12.9 KCC Corporation
12.10 Covestro
12.11 Dupont
12.12 Cabot Corp
12.13 Kansai Paint Co. Ltd
12.14 Wanda refinish
12.15 Kwality Paints and Coatings Pvt. Ltd
12.16 Sheenlac Paints Ltd
12.17 Snowcem Paints
12.18 Jotun
List of Tables
1 Global Automotive Paints & Coatings Market Outlook, By Region (2020-2028) ($MN)
2 Global Automotive Paints & Coatings Market Outlook, By Raw Material (2020-2028) ($MN)
3 Global Automotive Paints & Coatings Market Outlook, By Epoxy (2020-2028) ($MN)
4 Global Automotive Paints & Coatings Market Outlook, By Acrylic (2020-2028) ($MN)
5 Global Automotive Paints & Coatings Market Outlook, By Polyurethane (2020-2028) ($MN)
6 Global Automotive Paints & Coatings Market Outlook, By Other Resins (2020-2028) ($MN)
7 Global Automotive Paints & Coatings Market Outlook, By Vehicle Type (2020-2028) ($MN)
8 Global Automotive Paints & Coatings Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
9 Global Automotive Paints & Coatings Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
10 Global Automotive Paints & Coatings Market Outlook, By Passenger Cars (2020-2028) ($MN)
11 Global Automotive Paints & Coatings Market Outlook, By Coating Type (2020-2028) ($MN)
12 Global Automotive Paints & Coatings Market Outlook, By Clearcoat (2020-2028) ($MN)
13 Global Automotive Paints & Coatings Market Outlook, By Electrocoat (2020-2028) ($MN)
14 Global Automotive Paints & Coatings Market Outlook, By Basecoat (2020-2028) ($MN)
15 Global Automotive Paints & Coatings Market Outlook, By Primer (2020-2028) ($MN)
16 Global Automotive Paints & Coatings Market Outlook, By Technology Type (2020-2028) ($MN)
17 Global Automotive Paints & Coatings Market Outlook, By UV Curved (2020-2028) ($MN)
18 Global Automotive Paints & Coatings Market Outlook, By Powder (2020-2028) ($MN)
19 Global Automotive Paints & Coatings Market Outlook, By Water Borne (2020-2028) ($MN)
20 Global Automotive Paints & Coatings Market Outlook, By Solvent Borne (2020-2028) ($MN)
21 Global Automotive Paints & Coatings Market Outlook, By Texture (2020-2028) ($MN)
22 Global Automotive Paints & Coatings Market Outlook, By Solid (2020-2028) ($MN)
23 Global Automotive Paints & Coatings Market Outlook, By Metallic (2020-2028) ($MN)
24 Global Automotive Paints & Coatings Market Outlook, By Matte (2020-2028) ($MN)
25 North America Automotive Paints & Coatings Market Outlook, By Country (2020-2028) ($MN)
26 North America Automotive Paints & Coatings Market Outlook, By Raw Material (2020-2028) ($MN)
27 North America Automotive Paints & Coatings Market Outlook, By Epoxy (2020-2028) ($MN)
28 North America Automotive Paints & Coatings Market Outlook, By Acrylic (2020-2028) ($MN)
29 North America Automotive Paints & Coatings Market Outlook, By Polyurethane (2020-2028) ($MN)
30 North America Automotive Paints & Coatings Market Outlook, By Other Resins (2020-2028) ($MN)
31 North America Automotive Paints & Coatings Market Outlook, By Vehicle Type (2020-2028) ($MN)
32 North America Automotive Paints & Coatings Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
33 North America Automotive Paints & Coatings Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
34 North America Automotive Paints & Coatings Market Outlook, By Passenger Cars (2020-2028) ($MN)
35 North America Automotive Paints & Coatings Market Outlook, By Coating Type (2020-2028) ($MN)
36 North America Automotive Paints & Coatings Market Outlook, By Clearcoat (2020-2028) ($MN)
37 North America Automotive Paints & Coatings Market Outlook, By Electrocoat (2020-2028) ($MN)
38 North America Automotive Paints & Coatings Market Outlook, By Basecoat (2020-2028) ($MN)
39 North America Automotive Paints & Coatings Market Outlook, By Primer (2020-2028) ($MN)
40 North America Automotive Paints & Coatings Market Outlook, By Technology Type (2020-2028) ($MN)
41 North America Automotive Paints & Coatings Market Outlook, By UV Curved (2020-2028) ($MN)
42 North America Automotive Paints & Coatings Market Outlook, By Powder (2020-2028) ($MN)
43 North America Automotive Paints & Coatings Market Outlook, By Water Borne (2020-2028) ($MN)
44 North America Automotive Paints & Coatings Market Outlook, By Solvent Borne (2020-2028) ($MN)
45 North America Automotive Paints & Coatings Market Outlook, By Texture (2020-2028) ($MN)
46 North America Automotive Paints & Coatings Market Outlook, By Solid (2020-2028) ($MN)
47 North America Automotive Paints & Coatings Market Outlook, By Metallic (2020-2028) ($MN)
48 North America Automotive Paints & Coatings Market Outlook, By Matte (2020-2028) ($MN)
49 Europe Automotive Paints & Coatings Market Outlook, By Country (2020-2028) ($MN)
50 Europe Automotive Paints & Coatings Market Outlook, By Raw Material (2020-2028) ($MN)
51 Europe Automotive Paints & Coatings Market Outlook, By Epoxy (2020-2028) ($MN)
52 Europe Automotive Paints & Coatings Market Outlook, By Acrylic (2020-2028) ($MN)
53 Europe Automotive Paints & Coatings Market Outlook, By Polyurethane (2020-2028) ($MN)
54 Europe Automotive Paints & Coatings Market Outlook, By Other Resins (2020-2028) ($MN)
55 Europe Automotive Paints & Coatings Market Outlook, By Vehicle Type (2020-2028) ($MN)
56 Europe Automotive Paints & Coatings Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
57 Europe Automotive Paints & Coatings Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
58 Europe Automotive Paints & Coatings Market Outlook, By Passenger Cars (2020-2028) ($MN)
59 Europe Automotive Paints & Coatings Market Outlook, By Coating Type (2020-2028) ($MN)
60 Europe Automotive Paints & Coatings Market Outlook, By Clearcoat (2020-2028) ($MN)
61 Europe Automotive Paints & Coatings Market Outlook, By Electrocoat (2020-2028) ($MN)
62 Europe Automotive Paints & Coatings Market Outlook, By Basecoat (2020-2028) ($MN)
63 Europe Automotive Paints & Coatings Market Outlook, By Primer (2020-2028) ($MN)
64 Europe Automotive Paints & Coatings Market Outlook, By Technology Type (2020-2028) ($MN)
65 Europe Automotive Paints & Coatings Market Outlook, By UV Curved (2020-2028) ($MN)
66 Europe Automotive Paints & Coatings Market Outlook, By Powder (2020-2028) ($MN)
67 Europe Automotive Paints & Coatings Market Outlook, By Water Borne (2020-2028) ($MN)
68 Europe Automotive Paints & Coatings Market Outlook, By Solvent Borne (2020-2028) ($MN)
69 Europe Automotive Paints & Coatings Market Outlook, By Texture (2020-2028) ($MN)
70 Europe Automotive Paints & Coatings Market Outlook, By Solid (2020-2028) ($MN)
71 Europe Automotive Paints & Coatings Market Outlook, By Metallic (2020-2028) ($MN)
72 Europe Automotive Paints & Coatings Market Outlook, By Matte (2020-2028) ($MN)
73 Asia Pacific Automotive Paints & Coatings Market Outlook, By Country (2020-2028) ($MN)
74 Asia Pacific Automotive Paints & Coatings Market Outlook, By Raw Material (2020-2028) ($MN)
75 Asia Pacific Automotive Paints & Coatings Market Outlook, By Epoxy (2020-2028) ($MN)
76 Asia Pacific Automotive Paints & Coatings Market Outlook, By Acrylic (2020-2028) ($MN)
77 Asia Pacific Automotive Paints & Coatings Market Outlook, By Polyurethane (2020-2028) ($MN)
78 Asia Pacific Automotive Paints & Coatings Market Outlook, By Other Resins (2020-2028) ($MN)
79 Asia Pacific Automotive Paints & Coatings Market Outlook, By Vehicle Type (2020-2028) ($MN)
80 Asia Pacific Automotive Paints & Coatings Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
81 Asia Pacific Automotive Paints & Coatings Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
82 Asia Pacific Automotive Paints & Coatings Market Outlook, By Passenger Cars (2020-2028) ($MN)
83 Asia Pacific Automotive Paints & Coatings Market Outlook, By Coating Type (2020-2028) ($MN)
84 Asia Pacific Automotive Paints & Coatings Market Outlook, By Clearcoat (2020-2028) ($MN)
85 Asia Pacific Automotive Paints & Coatings Market Outlook, By Electrocoat (2020-2028) ($MN)
86 Asia Pacific Automotive Paints & Coatings Market Outlook, By Basecoat (2020-2028) ($MN)
87 Asia Pacific Automotive Paints & Coatings Market Outlook, By Primer (2020-2028) ($MN)
88 Asia Pacific Automotive Paints & Coatings Market Outlook, By Technology Type (2020-2028) ($MN)
89 Asia Pacific Automotive Paints & Coatings Market Outlook, By UV Curved (2020-2028) ($MN)
90 Asia Pacific Automotive Paints & Coatings Market Outlook, By Powder (2020-2028) ($MN)
91 Asia Pacific Automotive Paints & Coatings Market Outlook, By Water Borne (2020-2028) ($MN)
92 Asia Pacific Automotive Paints & Coatings Market Outlook, By Solvent Borne (2020-2028) ($MN)
93 Asia Pacific Automotive Paints & Coatings Market Outlook, By Texture (2020-2028) ($MN)
94 Asia Pacific Automotive Paints & Coatings Market Outlook, By Solid (2020-2028) ($MN)
95 Asia Pacific Automotive Paints & Coatings Market Outlook, By Metallic (2020-2028) ($MN)
96 Asia Pacific Automotive Paints & Coatings Market Outlook, By Matte (2020-2028) ($MN)
97 South America Automotive Paints & Coatings Market Outlook, By Country (2020-2028) ($MN)
98 South America Automotive Paints & Coatings Market Outlook, By Raw Material (2020-2028) ($MN)
99 South America Automotive Paints & Coatings Market Outlook, By Epoxy (2020-2028) ($MN)
100 South America Automotive Paints & Coatings Market Outlook, By Acrylic (2020-2028) ($MN)
101 South America Automotive Paints & Coatings Market Outlook, By Polyurethane (2020-2028) ($MN)
102 South America Automotive Paints & Coatings Market Outlook, By Other Resins (2020-2028) ($MN)
103 South America Automotive Paints & Coatings Market Outlook, By Vehicle Type (2020-2028) ($MN)
104 South America Automotive Paints & Coatings Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
105 South America Automotive Paints & Coatings Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
106 South America Automotive Paints & Coatings Market Outlook, By Passenger Cars (2020-2028) ($MN)
107 South America Automotive Paints & Coatings Market Outlook, By Coating Type (2020-2028) ($MN)
108 South America Automotive Paints & Coatings Market Outlook, By Clearcoat (2020-2028) ($MN)
109 South America Automotive Paints & Coatings Market Outlook, By Electrocoat (2020-2028) ($MN)
110 South America Automotive Paints & Coatings Market Outlook, By Basecoat (2020-2028) ($MN)
111 South America Automotive Paints & Coatings Market Outlook, By Primer (2020-2028) ($MN)
112 South America Automotive Paints & Coatings Market Outlook, By Technology Type (2020-2028) ($MN)
113 South America Automotive Paints & Coatings Market Outlook, By UV Curved (2020-2028) ($MN)
114 South America Automotive Paints & Coatings Market Outlook, By Powder (2020-2028) ($MN)
115 South America Automotive Paints & Coatings Market Outlook, By Water Borne (2020-2028) ($MN)
116 South America Automotive Paints & Coatings Market Outlook, By Solvent Borne (2020-2028) ($MN)
117 South America Automotive Paints & Coatings Market Outlook, By Texture (2020-2028) ($MN)
118 South America Automotive Paints & Coatings Market Outlook, By Solid (2020-2028) ($MN)
119 South America Automotive Paints & Coatings Market Outlook, By Metallic (2020-2028) ($MN)
120 South America Automotive Paints & Coatings Market Outlook, By Matte (2020-2028) ($MN)
121 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Country (2020-2028) ($MN)
122 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Raw Material (2020-2028) ($MN)
123 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Epoxy (2020-2028) ($MN)
124 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Acrylic (2020-2028) ($MN)
125 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Polyurethane (2020-2028) ($MN)
126 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Other Resins (2020-2028) ($MN)
127 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Vehicle Type (2020-2028) ($MN)
128 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Light Commercial Vehicles (2020-2028) ($MN)
129 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Heavy Commercial Vehicles (2020-2028) ($MN)
130 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Passenger Cars (2020-2028) ($MN)
131 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Coating Type (2020-2028) ($MN)
132 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Clearcoat (2020-2028) ($MN)
133 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Electrocoat (2020-2028) ($MN)
134 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Basecoat (2020-2028) ($MN)
135 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Primer (2020-2028) ($MN)
136 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Technology Type (2020-2028) ($MN)
137 Middle East & Africa Automotive Paints & Coatings Market Outlook, By UV Curved (2020-2028) ($MN)
138 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Powder (2020-2028) ($MN)
139 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Water Borne (2020-2028) ($MN)
140 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Solvent Borne (2020-2028) ($MN)
141 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Texture (2020-2028) ($MN)
142 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Solid (2020-2028) ($MN)
143 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Metallic (2020-2028) ($MN)
144 Middle East & Africa Automotive Paints & Coatings Market Outlook, By Matte (2020-2028) ($MN)
List of Figures
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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