Global Automotive Coatings Market By Technology Type (Water-Borne, Solvent-Borne, Powder Coating, UV-Cured, Others), Product Type (Electrocoat, Primer, Clearcoat, Basecoat), Resin (Epoxy, Polyurethane, Acrylic, Others), Application (Plastic, Metal), End-Use (Commercial OEM, Automotive Refinish, Light Vehicle OEM), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Automotive Coatings Market
Automotive coatings market will reach an estimated valuation of USD 24.55 Billion by 2027, while registering this growth at a rate of 7.10% for the forecast period of 2020 to 2027. Automotive coatings market report analyses the growth, which is currently being owed to the focus to improve the appearance of automobile.
Growing number of vehicle population, rising per capita income of the people, increasing industrialisation that will lead to improve the appearance of vehicles, increasing usage of waterborne coatings are some of the factors that will enhance the growth of the automotive coatings market in the forecast period of 2020-2027. Introduction of ultraviolet curing coating will further create new and ample opportunities for the growth of automotive coatings market in the above mentioned forecast period.
High prices of raw material, strict environmental regulations because of the harmful effects caused by solvent-borne coatings are acting as a market restraint for the growth of automotive coatings market in the above mentioned forecast period.
This automotive coatings market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on automotive coatings market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Coatings Market Scope and Market Size
Automotive coatings market is segmented on the basis of technology type, product type, application, end-use and resin. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of technology type, automotive coatings market is segmented into water-borne, solvent-borne, powder coating, UV-cured and others.
- Based on product type, automotive coatings market is segmented into electrocoat, primer, clearcoat and basecoat.
- On the basis of resin, automotive coatings market is segmented into epoxy, polyurethane, acrylic and others.
- Based on application, automotive coatings market is segmented into plastic and metal.
- On the basis of end-use, automotive coatings market is segmented into commercial OEM, automotive refinish and light vehicle OEM.
Automotive Coatings Market Country Level Analysis
Automotive coatings market is analysed and market size, volume information is provided by country technology type, product type, application, end-use and resin as referenced above.
The countries covered in the automotive coatings market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the automotive coatings market due to the increasing expenditure for the development of improved infrastructure, rising preferences of consumer towards personal conveyance and rising growth of automotive industry while North America region is expected to hold the largest growth rate due to the increasing demand of eco-friendly coating along with strict government regulations for the improvement of environmental condition.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Coatings Market Share Analysis
Automotive coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive coatings market.
The major players covered in the automotive coatings market report are BASF SE, Akzo Nobel N.V., PPG Industries, Inc., Axalta Coating Systems, Bayer CropScience Limited, The Sherwin-Williams Company, Beckers Group, DSM, Eastman Chemical Company, Kansai Paint Co.,Ltd., Nippon Paint Holdings Co., Ltd., KCC CORPORATION., Valspar Automotive, Arkema Group, Berger Paints India Limited, Cabot Corporation., Clariant, Jotun, Parker Hannifin Corp, Solvay, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Automotive Coatings Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.