Automotive Coatings Market Analysis, Share and Size, Trends, Industry Growth And Segment Forecasts To 2025

The global automotive coatings market is expected to reach USD 36.31 billion by 2025, according to a new report published by Hexa Reports Surging demand for both passenger and commercial automobiles in emerging countries including China, India, Mexico, Brazil, and South Africa on account of population growth and developing living standards is expected to augment market size over the forecast period. Moreover, increasing requirement of protection against harsh climate, dust, dirt, UV radiation, and acid rain is expected to aid in industry expansion.

Growing number of accident in countries including India and Brazil owing to adverse road conditions in mountainous areas is anticipated to fuel the demand for these products over the upcoming years. Moreover, increasing requirement of maintenance, repair, and refurbishing work of old vehicles is expected to stimulate growth.

Rising consumption of powder coatings in light of its superior properties, such as near zero volatile organic compound emissions and thicker layer compared to conventional coatings, is expected to increase market size. Furthermore, continuous investments by manufacturers along with increasing number of manufacturing facilities in Brazil and China will drive growth over the forecast period.

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Further key findings from the report suggest:

The global automotive coatings industry demand was 5,902.7 kilo tons in 2015 and is expected to grow significantly on account of increasing vehicle production in rapidly emerging countries including China, Japan, India, Mexico, Brazil, South Korea, Brazil, and South Africa

Waterborne coatings market demand is anticipated to witness strong growth in light of stringent regulations pertaining to the usage of solvent borne technology. In addition, superior properties, such as corrosion resistance, flexibility, hardness, stain resistance, adhesion, low flammability, and toxicity, are expected to surge product demand over the next nine years.

North America contributed to 22.7% of the overall revenue share in 2015 and is estimated to witness growth on account of rising demand for pickup trucks and utility vehicles in the region

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Central and South America is expected to see substantial revenue rise at a CAGR of 5.4% from 2016 to 2025 owing to increasing small car production in Brazil. Furthermore, large automobile manufacturers including General Motors, Volkswagen, and Hyundai have been shifting their base to the region owing to lower operation costs, which is likely to aid in market expansion.

The industry is highly competitive in nature, and manufacturers are involved in continuous product development and R&D activities. Manufacturers including Axalta Coating Systems, PPG Industries, BASF, Nippon Paint, AkzoNobel, and Kansai Paint are some of the key players in the market.

In April 2015, Axalta established a new R&D technology center in Shanghai to develop new products for the global commercial vehicle, light vehicle OEM, refinish and industrial customers

Table Of Content

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

1.3. List of Data Sources

1.4. List of Abbreviations
Chapter 2. Executive Summary

2.1. Market Snapshot
Chapter 3. Automotive Coatings Market Variables, Trends & Scope

3.1. Automotive coatings market segmentation & scope

3.2. Automotive coatings market penetration & growth prospect mapping

3.3. Automotive coatings market value chain analysis

3.4. Raw material outlook

3.5. Technological overview

3.6. Regulatory framework

3.7. Automotive coatings market dynamics

3.8. Automotive coatings market Porter’s analysis

3.9. Automotive coatings market PESTEL analysis
Chapter 4. Automotive Coatings Market: Product Estimates & Trend Analysis

4.1. Product Movement Analysis & Market Share, 2015 & 2025

4.2. Primer

4.3. Electrocoat

4.4. Basecoat

4.5. Clearcoat
Chapter 5. Automotive Coatings Market: Technology Estimates & Trend Analysis

5.1. Technology Movement Analysis & Market Share, 2015 & 2025

5.2. Waterborne Coatings

5.3. Solventborne Coatings

5.4. Powder Coatings

5.5. UV-Cured Coatings
Chapter 6. Automotive Coatings Market: Application Estimates & Trend Analysis

6.1. Application Movement Analysis & Market Share, 2015 & 2025

6.2. Metal Parts

6.3. Plastic Parts
Chapter 7. Automotive Coatings Market: End-use Estimates & Trend Analysis

7.1. End-Use Movement Analysis & Market Share, 2015 & 2025

7.2. Light Vehicle OEM

7.3. Commercial Vehicle OEM

7.4. Automotive Refinish
Chapter 8. Automotive Coatings Market: Regional Estimates & Trend Analysis

8.1. Regional Movement Analysis & Market Share, 2015 & 2025

8.2. North America

8.3. Europe

8.4. Asia Pacific

8.5. Central & South America

8.6. Middle East & Africa (MEA)
Chapter 9. Competitive Landscape

9.1. Competitive landscape

9.2. Vendor landscape

9.3. Competitive environment

9.4. Company market positioning

9.5. Strategy framework
Chapter 10. Company Profiles

10.1 Axalta Coating Systems

10.2 BASF

10.3 PPG Industries

10.4 Kansai Paint

10.5 Nippon Paint

10.6 Bayer AG

10.7 KCC Paint

10.8 Valspar Corporation

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