Automotive Paints and Coatings Market Surpass US$ 28.4 Billion By 2026

Acumen Research April 29, 2019
The “Automotive Paints and Coatings Market (By Vehicle: Light Commercial Vehicles, Heavy Commercial Vehicles, Passenger Cars; By Coating: Primer, Electrocoat, Basecoat, Clearcoat; By Technology: Waterborne, Powder, Solvent borne, UV Cured; By Texture: Matte, Solid, Metallic; By Distribution Channel: OEM, Aftermarket; By Raw Material: Epoxy, Acrylic, Polyurethane, Other Resins) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026” report has been added to Acumen Research and Consulting’s offers.
The global Automotive Paints and Coatings Market is estimated to grow at CAGR above 4 % over the forecast time frame 2019-2026 and reach the market value around USD 28.4 billion by 2026.
Cross-border growth of automotive paints and coatings, coupled with the increase of the demand for metallic lacquering, shifting consumer preference to vehicle color and weight, and improved technological changes. However, the market faces certain disadvantages, such as price volatility and the rising regulations on environmental and energy costs. These factors can serve as a barrier to market growth.
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In expanding the market size of automotive paints and laminations through the projected time period, the technological advances in paint technologies play a major part. Low temperature systems proliferation enables superior finishes of paints at approximately 100 degrees, as opposed to approximately 150 degrees for conventional paint systems. In addition, the technique maintains the color uniformity between different car body parts and offers car manufacturers the opportunity to increase their coats.
A significant part in the automotive paints and coatings market will be represented by primary coating. The superior corrosion and scratch protection provided by primers can be attributed to this. These coatings also offer important UV ray protection and improved stone chipping protection. In addition, the development of state-of – the-art primers for application in stainless steel, aluminium, cold rolling steel, and fiber glass further accelerates the segment share over the expected timeframe.
Growth Factors
Customers are increasingly expecting new colors and solutions, primarily for the sustainable development, durability and cosmetic of vehicles. Paint companies cooperate in the reduction of toxic substances in paint with automobile operators. Elimination of toxic gas emissions during painting, which promotes workers ‘ safety, is done by developing waterborne products with lower volatiles organic compounds (VOC). The development of such lacquers also helps to reduce waste disposal problems due to the reduced use of harmful substances, and so to increase the size of the car layers.
In the automotive paint and coating sector, he is given great opportunity to quickly implement advanced powder coating and thermal spray technology. Automatic paint and coating has various advantages, including outstanding durability and durability, measurable thickness, hardness, easier maintenance, contamination resistance, hydrophobic characteristics, high gloss and gloss.
Regional Snapshots
In terms of market share, Asia-Pacific is the world’s leading/important region, over 50 % in 2018. Increased automotive sales and production in China, Japan, India, South Korea and Thailand drives the automotive sector in Asia Pacifico. China was the largest automotive producer and is probably the leading producer due to the country’s economic work. As vehicle manufacturing in Germany, Sweden, Italy, France and the UK increase, Europe will be experiencing steady growth over the next few years. In Asia-Pacific the growth rate / CAGR is expected to increase in the 2018-2025 projection period.
Key Players & Strategies
Nippon Paint Holdings Co. is also a few of the industry participants in the car layers and coatings market. The other major actors are Wanda Refinish, Akzo Nobel NV, Axaltra Coating Systems, KCC Corporation, PPG Industries Inc., Donglai Coating Technology, Clariant AG, and Valspar. Ltd. Covestro, Cabot Corp., Eastman, Dupont and BASF SE. Strategic joint ventures and partnerships between industry players are one of the strategies for increasing their market share in the industry. In February 2019, for example, Nippon announced that it is providing car painting services to India in its strategic joint venture with Blue Bird Automotive.
In order to develop advanced paint technologies, industry participants collaborate with and invest continuously in R&D to increase market shares. For example, BASF joined Sirrus in 2018 to develop high-performance automotive coatings based on methylene malonate technology. These coatings significantly reduce emissions and provide smooth finishing in vehicles.
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TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Automotive Paints and Coatings
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Automotive Paints and Coatings Market By Vehicle
1.2.2.1. Global Automotive Paints and Coatings Market Revenue and Growth Rate Comparison By Vehicle (2015-2026)
1.2.2.2. Global Automotive Paints and Coatings Market Revenue Share By Vehicle in 2017
1.2.2.3. Light Commercial Vehicles
1.2.2.4. Heavy Commercial Vehicles
1.2.2.5. Passenger Cars
1.2.3. Automotive Paints and Coatings Market By Coating
1.2.3.1. Global Automotive Paints and Coatings Market Revenue and Growth Rate Comparison By Coating (2015-2026)
1.2.3.2. Global Automotive Paints and Coatings Market Revenue Share By Coating in 2017
1.2.3.3. Primer
1.2.3.4. Electrocoat
1.2.3.5. Basecoat
1.2.3.6. Clearcoat
1.2.4. Automotive Paints and Coatings Market By Technology
1.2.4.1. Global Automotive Paints and Coatings Market Revenue and Growth Rate Comparison By Technology (2015-2026)
1.2.4.2. Global Automotive Paints and Coatings Market Revenue Share By Technology in 2017
1.2.4.3. Waterborne
1.2.4.4. Powder
1.2.4.5. Solvent borne
1.2.4.6. UV Cured
1.2.5. Automotive Paints and Coatings Market By Texture
1.2.5.1. Global Automotive Paints and Coatings Market Revenue and Growth Rate Comparison By Texture (2015-2026)
1.2.5.2. Global Automotive Paints and Coatings Market Revenue Share By Texture in 2017
1.2.5.3. Matte
1.2.5.4. Solid
1.2.5.5. Metallic
1.2.6. Automotive Paints and Coatings Market By Distribution Channel
1.2.6.1. Global Automotive Paints and Coatings Market Revenue and Growth Rate Comparison By Distribution Channel (2015-2026)
1.2.6.2. Global Automotive Paints and Coatings Market Revenue Share By Distribution Channel in 2017
1.2.6.3. OEM
1.2.6.4. Aftermarket
1.2.7. Automotive Paints and Coatings Market By Raw Material
1.2.7.1. Global Automotive Paints and Coatings Market Revenue and Growth Rate Comparison By Raw Material (2015-2026)
1.2.7.2. Global Automotive Paints and Coatings Market Revenue Share By Raw Material in 2017
1.2.7.3. Epoxy
1.2.7.4. Acrylic
1.2.7.5. Polyurethane
1.2.7.6. Other Resins
1.2.8. Automotive Paints and Coatings Market by Geography
1.2.8.1. Global Automotive Paints and Coatings Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.8.2. North America Automotive Paints and Coatings Market Revenue and Growth Rate (2015-2026)
1.2.8.3. Europe Automotive Paints and Coatings Market Revenue and Growth Rate (2015-2026)
1.2.8.4. Asia-Pacific Automotive Paints and Coatings Market Revenue and Growth Rate (2015-2026)
1.2.8.5. Latin America Automotive Paints and Coatings Market Revenue and Growth Rate (2015-2026)
1.2.8.6. Middle East and Africa (MEA) Automotive Paints and Coatings Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Automotive Paints and Coatings Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Automotive Paints and Coatings Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Automotive Paints and Coatings Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Automotive Paints and Coatings Major Manufacturers in 2017
CHAPTER 4. AUTOMOTIVE PAINTS AND COATINGS MARKET BY VEHICLE
4.1. Global Automotive Paints and Coatings Revenue By Vehicle
4.2. Light Commercial Vehicles
4.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.3. Heavy Commercial Vehicles
4.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.4. Passenger Cars
4.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
CHAPTER 5. AUTOMOTIVE PAINTS AND COATINGS MARKET BY COATING
5.1. Global Automotive Paints and Coatings Revenue By Coating
5.2. Primer
5.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.3. Electrocoat
5.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.4. Basecoat
5.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.5. Clearcoat
5.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
CHAPTER 6. AUTOMOTIVE PAINTS AND COATINGS MARKET BY TECHNOLOGY
6.1. Global Automotive Paints and Coatings Revenue By Technology
6.2. Waterborne
6.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.3. Powder
6.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.4. Solvent borne
6.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.5. UV Cured
6.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
CHAPTER 7. AUTOMOTIVE PAINTS AND COATINGS MARKET BY TEXTURE
7.1. Global Automotive Paints and Coatings Revenue By Texture
7.2. Matte
7.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
7.3. Solid
7.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
7.4. Metallic
7.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
CHAPTER 8. AUTOMOTIVE PAINTS AND COATINGS MARKET BY DISTRIBUTION CHANNEL
8.1. Global Automotive Paints and Coatings Revenue By Distribution Channel
8.2. OEM
8.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
8.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
8.3. Aftermarket
8.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
8.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
CHAPTER 9. AUTOMOTIVE PAINTS AND COATINGS MARKET BY RAW MATERIAL
9.1. Global Automotive Paints and Coatings Revenue By Raw Material
9.2. Epoxy
9.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
9.3. Acrylic
9.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
9.4. Polyurethane
9.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
9.5. Other Resins
9.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
CHAPTER 10. NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET BY COUNTRY
10.1. North America Automotive Paints and Coatings Market Revenue and Growth Rate, 2015 – 2026 ($Million)
10.2. North America Automotive Paints and Coatings Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. U.S.
10.3.1. U.S. Automotive Paints and Coatings Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
10.3.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
10.4. Canada
10.4.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
10.4.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
10.5. Mexico
10.5.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
10.5.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
CHAPTER 11. EUROPE AUTOMOTIVE PAINTS AND COATINGS MARKET BY COUNTRY
11.1. Europe Automotive Paints and Coatings Market Revenue and Growth Rate, 2015 – 2026 ($Million)
11.2. Europe Automotive Paints and Coatings Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. UK
11.3.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
11.3.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
11.4. Germany
11.4.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
11.4.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
11.5. France
11.5.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
11.5.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
11.6. Spain
11.6.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
11.6.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
11.7. Rest of Europe
11.7.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
11.7.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
CHAPTER 12. ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET BY COUNTRY
12.1. Asia-Pacific Automotive Paints and Coatings Market Revenue and Growth Rate, 2015 – 2026 ($Million)
12.2. Asia-Pacific Automotive Paints and Coatings Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. China
12.3.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
12.3.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
12.4. Japan
12.4.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
12.4.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
12.5. India
12.5.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
12.5.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
12.6. Australia
12.6.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
12.6.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
12.7. South Korea
12.7.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
12.7.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
12.8. Rest of Asia-Pacific
12.8.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
12.8.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
CHAPTER 13. LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET BY COUNTRY 
13.1. Latin America Automotive Paints and Coatings Market Revenue and Growth Rate, 2015 – 2026 ($Million)
13.2. Latin America Automotive Paints and Coatings Market Revenue Share Comparison, 2015 & 2026 (%)
13.3. Brazil
13.3.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
13.3.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
13.4. Argentina
13.4.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
13.4.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
13.5. Rest of Latin America
13.5.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
13.5.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
CHAPTER 14. MIDDLE EAST AUTOMOTIVE PAINTS AND COATINGS MARKET BY COUNTRY 
14.1. Middle East Automotive Paints and Coatings Market Revenue and Growth Rate, 2015 – 2026 ($Million)
14.2. Middle East Automotive Paints and Coatings Market Revenue Share Comparison, 2015 & 2026 (%)
14.3. Saudi Arabia
14.3.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
14.3.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
14.4. UAE
14.4.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
14.4.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
14.5. Rest of Middle East
14.5.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
14.5.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
CHAPTER 15. AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET BY COUNTRY 
15.1. Africa Automotive Paints and Coatings Market Revenue and Growth Rate, 2015 – 2026 ($Million)
15.2. Africa Automotive Paints and Coatings Market Revenue Share Comparison, 2015 & 2026 (%)
15.3. South Africa
15.3.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
15.3.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
15.4. Egypt
15.4.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
15.4.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
15.5. Rest of Africa
15.5.1. Market Revenue and Forecast By Vehicle, 2015 – 2026 ($Million)
15.5.2. Market Revenue and Forecast By Coating, 2015 – 2026 ($Million)
CHAPTER 16. COMPANY PROFILE
16.1. Wanda Refinish
16.1.1. Company Snapshot
16.1.2. Overview
16.1.3. Financial Overview
16.1.4. Product Portfolio
16.1.5. Key Developments
16.1.6. Strategies
16.2. Akzo Nobel NV
16.2.1. Company Snapshot
16.2.2. Overview
16.2.3. Financial Overview
16.2.4. Product Portfolio
16.2.5. Key Developments
16.2.6. Strategies
16.3. Axalta Coating Systems
16.3.1. Company Snapshot
16.3.2. Overview
16.3.3. Financial Overview
16.3.4. Product Portfolio
16.3.5. Key Developments
16.3.6. Strategies
16.4. KCC Corporation
16.4.1. Company Snapshot
16.4.2. Overview
16.4.3. Financial Overview
16.4.4. Product Portfolio
16.4.5. Key Developments
16.4.6. Strategies
16.5. PPG Industries Inc.
16.5.1. Company Snapshot
16.5.2. Overview
16.5.3. Financial Overview
16.5.4. Product Portfolio
16.5.5. Key Developments
16.5.6. Strategies
16.6. Donglai Coating Technology
16.6.1. Company Snapshot
16.6.2. Overview
16.6.3. Financial Overview
16.6.4. Product Portfolio
16.6.5. Key Developments
16.6.6. Strategies
16.7. Clariant AG
16.7.1. Company Snapshot
16.7.2. Overview
16.7.3. Financial Overview
16.7.4. Product Portfolio
16.7.5. Key Developments
16.7.6. Strategies
16.8. Valspar Corporation
16.8.1. Company Snapshot
16.8.2. Overview
16.8.3. Financial Overview
16.8.4. Product Portfolio
16.8.5. Key Developments
16.8.6. Strategies
16.9. Covestro
16.9.1. Company Snapshot
16.9.2. Overview
16.9.3. Financial Overview
16.9.4. Product Portfolio
16.9.5. Key Developments
16.9.6. Strategies
16.10. Cabot Corp.
16.10.1. Company Snapshot
16.10.2. Overview
16.10.3. Financial Overview
16.10.4. Product Portfolio
16.10.5. Key Developments
16.10.6. Strategies
16.11. Eastman
16.11.1. Company Snapshot
16.11.2. Overview
16.11.3. Financial Overview
16.11.4. Product Portfolio
16.11.5. Key Developments
16.11.6. Strategies
16.12. Dupont
16.12.1. Company Snapshot
16.12.2. Overview
16.12.3. Financial Overview
16.12.4. Product Portfolio
16.12.5. Key Developments
16.12.6. Strategies
16.13. BASF SE.
16.13.1. Company Snapshot
16.13.2. Overview
16.13.3. Financial Overview
16.13.4. Product Portfolio
16.13.5. Key Developments
16.13.6. Strategies
16.14. Others
16.14.1. Company Snapshot
16.14.2. Overview
16.14.3. Financial Overview
16.14.4. Product Portfolio
16.14.5. Key Developments
16.15. Strategies
CHAPTER 17. RESEARCH APPROACH
17.1. Research Methodology
17.1.1. Initial Data Search
17.1.2. Secondary Research
17.1.3. Primary Research
17.2. Assumptions and Scope
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