Automotive Paints & Coatings - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Automotive Paints & Coatings Market is accounted for $19,112.56 million in 2017 and is expected to reach $28,159.40 million by 2026 growing at a CAGR of 4.3% during the forecast period. The major driving factors of automotive paints & coatings market are a constant improvement in their property and functionality, increase the durability, presentation, and performance of end-products. However, difficulty in sourcing the raw material and volatile prices of raw material are restraining the automotive paints & coatings market.
Global Automotive Paints & Coatings play an important role in the automotive industry. They are not only used to enhance the appearance for the purpose of beautification of vehicles but also used as a preventive measure or protection layer for vehicles. It can protect the vehicles from corrosion, UV radiations, chemicals, and many other damages. There is a constant increase in demand for special coatings used in fuel-efficient automotive and also growing demand from the automotive industry.
Based on technology, the water-based technology segment accounted for more share, in terms of volume. It finds applications in automotive, interiors of coal cars, fly ash hoppers, plastic pellet hoppers, and the architectural sector, as they offer advantages such as less flammability, low emissions, and stable viscosity during printing. By Geography, Asia-Pacific is the largest market which is mainly backed by the expansion of the region’s increasing household activities. Asia-Pacific is the fastest-growing paints & coatings market with most of the large manufacturers establishing their facilities in this region.
Some of the key players profiled in the Automotive Paints & Coatings market include Akzonobel N.V, Asian Paints Limited, Axalta Coating System LLC, Beckers Group, Berger Paints India Limited, Dunn-Edwards Corporation, Hempel A/S, Jotun A/S, Kansai Paints Co., Ltd, Masco Corporation, Nippon Paint Holdings Co., Ltd, PPG Industries, RPM International Inc, S K Kaken Co., Ltd, Shalimar Paints, Sherwin-Williams Company, Tikkurila OYJ and Valspar Corporation. .
• Ultraviolet (UV) Cured
• Powder Coating
• Solvent-Based Technology
• Water-Based Technology
• Other Technologies
• Base Coat
• Clear Coat
• Epoxy Resin
• Heavy Commercial Vehicles
• Light Commercial Vehicles
• Passenger Cars
Distribution Channels Covered:
• Automotive Original Equipment Manufacturer (OEM)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- 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
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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