Global Automotive Coating Market, By Technology (Solvent-Borne, Water-Borne, Powder Coating, UV- Cur

Published Date: | Report Code : CH1926392

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The Automotive Coating Market is expected to promise high growth owing to increasing demand in developing economies due to high vehicle numbers in recent years. Increasing demand from end-use industries including automotive refinish, commercial vehicle OEM, light vehicle OEM is expected to drive the growth of the market.

The automotive coating is used on automobiles for both protection and decoration purposes such as reducing paint’s environmental impact, etc. The automotive coating enhances the appearance and durability of automobiles, protecting them from harsh environmental conditions, including acid rain and extreme temperatures. The modern automobile coating is applied in several layers, with a total thickness of approximately 100 µm (0.1 mm). The coating application requires preparation and primer steps to ensure proper application.

Segment Analysis: 

The automotive coating market has been segmented by technology, by product, by coating surface, by application, and by region. Due to the rapid industrialization in the Asia Pacific, it is expected to be one of the prominent markets of the automotive coating market. Automotive manufacturers around the world are setting their manufacturing plants in the countries of this region and are also expected to boost the market of automotive coating in the region.

Key Factors Impacting Market Growth:

  • Rise of per capita income and subsequent rise in the vehicle number
  • Increase in demand in developing economies due to high vehicle number
  • Stagnation or decline in demand in developed economies due to encouraging the use of public transport

Regional Analysis: 

On the basis of the region, the automotive coating market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

The Asia Pacific and the Middle East are expected to register substantial growth in the automotive coating market during the forecast period. This demand is with regard to the growth of major end-use industries such as automotive refinish, commercial vehicle OEM, light vehicle OEM. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for the automotive coating market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the automotive coating market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: BASF SE, Axalta Coatings, PPG Industries, Valspar Corporation, The Sherwin-Williams Company, Akzo Nobel NV, Nippon Paint Holdings, KCC Corporation, and Jotun…

Market Segmentation:

By Technology:

  • Solvent-borne
  • Water-borne
  • Powder Coating
  • UV-cured

By Product:

  • Primer
  • Electrocoat
  • Basecoat
  • Clearcoat

By Coating Surface:

  • Metal Parts
  • Plastic Parts

By End User:

  • Automotive Refinish
  • Commercial Vehicle OEM
  • Light Vehicle OEM

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Technology
    • By Product
    • By Coating Surface
    • By End User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Technology
    • By Product
    • By Coating Surface
    • By End User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Technology
    • By Product
    • By Coating Surface
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Technology
    • By Product
    • By Coating Surface
    • By End User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Technology
    • By Product
    • By Coating Surface
    • By End User
  • Rest of the World
    • By Region (South America, Africa)
    • By Technology
    • By Product
    • By Coating Surface
    • By End User

Reasons To Buy This Report:

  • Market size estimation of the global automotive coating market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
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