Automotive Coating Market by Product (Primer, Electrocoat), by Technology (Waterborne, Solventborne), by Application (Metal Plastic), by End-use (Light Vehicle OEM, Commercial Vehicle OEM), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast 2020 to 2027

Automotive Coating Market - Global Industry Analysis and Forecast 2020 to 2027

Automotive Coating Market: Summary

The Global Automotive Coating Market is projected to reach a value of over USD 28.4 billion by 2027 at a CAGR of around 6.2%.

Water-resistant dry coating applied to the various parts of vehicles for decorative, functional, and protective purpose is known as an automotive coating. Good elastomeric finish and greater surface harness are some of the important properties of the coating. They are served for different purpose on a different substance such as composite, plastic and metal. Enhanced gloss, better clarity, excellent finish, along with considerable durability and weather ability are some of the benefits offered by automotive coating for the surface of the object.  

Automotive Coating Market

Automotive Coating Market: Drivers & Challenge

Market Driver:

  • Growing Demand for Waterborne Technology

Growing awareness about volatile organic compound (VOC) and regulations regarding its emission from hazardous air pollutants present in them like xylene, ethylbenzene, toluene, and methyl ethyl ketone. For instance, according to the Environmental Protection Agency (EPA), regulates VOC emission through National Volatile Organic Compound Emission Standards for Consumer and Commercial Products. VOC controls for products are typically based on the application of products, such as automotive refinish coating, aerosol coating, and consumer products. The constantly evolving environmental standards are increasing demand for water-based automotive coating. Moreover, water-based coatings are identical to the solvent-based coating in terms of pigments and binders, they differ in carrying agent. Thus, the growing demand for waterborne technology has expected to drive the growth of the automotive coating market during the forecasted period.  

Market Challenge:

  • Volatility of Raw Material Prices

Pigments, solvents, additives, and binders are raw materials used for manufacturing of automotive coatings. Volatile price of titanium dioxide is one of the most commonly used raw materials which result in fluctuation of the product price. This fluctuation may lead to the lesser sale margin of the product and may hamper the over market. Moreover, difficulty in sourcing the raw material may be another challenge posed for the volatility of the raw material price. Thus, the volatility of raw material price has expected to pose a major challenge for the growth of the automotive coatings market.

Automotive Coating Market: Key Segments

  • Segmentation based on product: Primer, Electrocoat, Basecoat, and Clearcoat.
  • Segmentation based on technology: Waterborne Coating, Solventborne Coating, Powder Coating, and UV-curved Coating.
  • Segmentation based on application: Metal Parts, and Plastic Parts.
  • Segmentation based on end-use: Light Vehicle OEM, Commercial Vehicle OEM, and Automotive Refinish.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Automotive Coating Market: Report Scope

The report on the automotive coating market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million), Volume (Kiloton)

Segments Included

Product, Technology, Application, End-use, and Region

Regional Coverage

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

Key Companies Covered

  • BASF SE (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • PPG Industries, Inc.
  • Axalta Coating Systems
  • Kansai Paint Co.,Ltd.
  • Jotun
  • The Valspar Corporation
  • Akzo Nobel N.V.
  • Nippon Paint Holdings Co., Ltd.
  • Arkema SA
  • Clariant
  • Koninklijke DSM N.V.
  • Berger Paints India Limited
  • Cabot Corporation
  • Bayer AG
  • The Sherwin-Williams Company
  • Other Key Companies

Automotive Coating Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Automotive Coating Market, by Product  

  • Primer
  • Electrocoat
  • Basecoat
  • Clearcoat

Automotive Coating Market, by Technology      

  • Waterborne Coating
  • Solventborne Coating
  • Powder Coating
  • UV-curved Coating

Automotive Coating Market, by Application 

  • Metal Parts
  • Plastic Parts

Automotive Coating Market, by End-use 

  • Light Vehicle OEM
  • Commercial Vehicle OEM
  • Automotive Refinish

Automotive Coating Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Automotive Coating Market Providers
  • Automotive Coating Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Automotive Coating Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE AUTOMOTIVE COATING MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing demand for Waterborne Technology
      2. Increasing Automotive Coating Demand from Emerging Nations
    3. Restraint
      1. Environmental Regulation in Developed Nations
    4. Opportunities
      1. Advancement in Coating Technology
    5. Challenges
      1. Volatility of Raw Material Prices
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL AUTOMOTIVE COATING MARKET BY PRODUCT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Primer
    3. Electrocoat
    4. Basecoat
    5. Clearcoat
  7. GLOBAL AUTOMOTIVE COATING MARKET BY TECHNOLOGY, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Waterborne Coating
    3. Solventborne Coating
    4. Powder Coating
    5. UV-curved Coating
  8. GLOBAL AUTOMOTIVE COATING MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Metal Parts
    3. Plastic Parts
  9. GLOBAL AUTOMOTIVE COATING MARKET BY END-USE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Light Vehicle OEM
    3. Commercial Vehicle OEM
    4. Automotive Refinish
  10. GLOBAL AUTOMOTIVE COATING MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  11. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  12. COMPANY PROFILES
    1. BASF SE
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
    2. PPG Industries, Inc.
    3. Axalta Coating Systems
    4. Kansai Paint Co.,Ltd.
    5. Jotun
    6. The Valspar Corporation
    7. Akzo Nobel N.V.
    8. Nippon Paint Holdings Co., Ltd.
    9. Arkema SA
    10. Clariant
    11. Koninklijke DSM N.V.
    12. Berger Paints India Limited
    13. Cabot Corporation
    14. Bayer AG
    15. The Sherwin-Williams Company
    16. Other Key Companies
  13. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : CM 0136

Published : August, 2020


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