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Automotive coatings, like most Other, are used mainly to provide protection and decoration. Water-based acrylic polyurethane enamel paint is currently the most widely used paint for reasons including reducing paint's environmental impact. Modern automobile paint is applied in several layers, with a total thickness of around 100 µm(0.2mm). Paint application requires preparation and primer steps to ensure proper application. A basecoat is applied after the primer paint is applied. Following this, a clearcoat of paint may be applied that forms a glossy and transparent coating. The clearcoat layer must be able to withstand UV light.
According to our (Global Info Research) latest study, the global Automotive Paints and Coatings market size was valued at USD 20060 million in 2022 and is forecast to a readjusted size of USD 21450 million by 2029 with a CAGR of 1.0% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The key players are PPG Industries, BASF and Axalta Coating Systems, etc. Top 3 companies occupied about 55% market share.Asia-Pacific is the largest market, with a share about 45%, followed by Europe and North America with the share about 25% and 17%.In terms of product, water-based coating is the largest segment, with a share over 61%. And in terms of application, the largest application is OEM, followed by refinish.
This report is a detailed and comprehensive analysis for global Automotive Paints and Coatings market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Automotive Paints and Coatings market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Automotive Paints and Coatings market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Automotive Paints and Coatings market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Automotive Paints and Coatings market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Automotive Paints and Coatings
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Automotive Paints and Coatings market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Akzonobel, BASF, Axalta Coating Systems, Cabot and Donglai Coating Technology, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Automotive Paints and Coatings market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
- Water-based Coating
- Solvent Coatings
- Powder Coatings
- Others
Market segment by Application
- Passenger Vehicle
- Commercial Vehicle
Major players covered
- Akzonobel
- BASF
- Axalta Coating Systems
- Cabot
- Donglai Coating Technology
- Eastman
- Teknos
- Nippon Paint Holdings
- PPG Industries
- Kansai Paint
- Sherwin-Williams Company
- KCC Paint
- Covestro
- Solvay
- Valspar
- Strong Chemical
- Kinlita
- YATU
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Automotive Paints and Coatings product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Automotive Paints and Coatings, with price, sales, revenue and global market share of Automotive Paints and Coatings from 2018 to 2023.
Chapter 3, the Automotive Paints and Coatings competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Automotive Paints and Coatings breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Automotive Paints and Coatings market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Automotive Paints and Coatings.
Chapter 14 and 15, to describe Automotive Paints and Coatings sales channel, distributors, customers, research findings and conclusion.