Automotive Coatings Market is expected to undergo a CAGR of 7.17% during the forecast period 2022 to 2029.
Market Analysis and Insights Automotive Coatings Market
Automotive coatings are water-resistant dry coatings applied to various parts of a vehicle for functional, decorative, and protective purposes. Such coatings possess important properties such as good elastomeric finish and greater surface hardness. They serve different purposes for different substrates such as plastics, composites, and metal.
Automotive coatings offer substantial beneficial properties for the surface of an object such as enhanced gloss, better clarity, excellent finish, along with considerable durability and weather ability. Additionally, these protective coatings also offer significant resistance to abrasion, impact, and chemicals. The clear coat segment accounted for the largest share, in terms of volume, of the overall automotive coating market
The rise in the population gave a boost to the economy and many with increasing economy the per capita income of citizens are also rising and that accelerate the automotive coatings market.
Automotive Coatings Market Scope
The automotive coatings market is segmented on the basis of technology type, product type, application, end-use and resin. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology type
- · Water-borne
- · Solvent-borne
- · Powder coating
- · UV-cured
- · Others
On the basis of technology type, automotive coatings market is segmented into water-borne, solvent-borne, powder coating, UV-cured and others.
Product type
- Electrocoat
- Primer
- Learcoat
- Basecoat
Based on product type, automotive coatings market is segmented into electrocoat, primer, clearcoat and basecoat.
Application
- Plastic
- Metal
Based on application, automotive coatings market is segmented into plastic and metal.
End-User
- Commercial OEM
- Automotive refinish
- Light vehicle OEM
On the basis of end-use, automotive coatings market is segmented into commercial OEM, automotive refinish and light vehicle OEM.
Resin
- Epoxy
- Polyurethane
- Acrylic
- Others
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Automotive Coatings Market Country Level Analysis
The countries covered in the automotive coatings market report are the 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, South Africa, Egypt, Israel, 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.
Competitive Landscape and Automotive Coatings Market Share Analysis
The 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.
Key Players Automotive Coatings Market
- BASF SE (Germany)
- Axalta Coating Systems (U.S.)
- PPG Industries Inc. (U.S.)
- Kansai Paint Co. Ltd (Japan)
- Nippon Paint Holdings Co. Ltd. (Japan)
- The Valspar Corporation (U.S.)
- KCC Corporation (South Korea)
- Sherwin-Williams (U.S.)
- AkzoNobel (Netherlands)
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Global Automotive Coatings Market by Product & Procedure type
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