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%.

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: 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.

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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.

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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 FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2019–2027Base Year for Market Calculation2020Forecasted Period2021–2027 (2021 estimated year, forecasted up to 2027)Measured UnitsValue (USD Million), Volume (Kiloton)Segments IncludedProduct, Technology, Application, End-use, and RegionRegional CoverageNorth 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

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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

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL AUTOMOTIVE COATING MARKET BY PRODUCT, Market Size in USD Million (2019–2027)

7 GLOBAL AUTOMOTIVE COATING MARKET BY TECHNOLOGY, Market Size in USD Million (2019–2027)

8 GLOBAL AUTOMOTIVE COATING MARKET BY APPLICATION, Market Size in USD Million (2019–2027)

9 GLOBAL AUTOMOTIVE COATING MARKET BY END-USE, Market Size in USD Million (2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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