Automotive Coatings Market Scope
Markets and Markets has announced the addition of the “Automotive Coatings Market Size, Status and Forecast 2027”, The report classifies the market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The report includes the forecasts, Analysis, and discussion of important industry trends, market size, market share, SWOT analysis, expert reviews, estimates and profiles of the leading industry Players. The Automotive Coatings Market size is projected to grow from USD 15.0 billion in 2022 to USD 18.6 billion by 2027, at a CAGR of 4.3%.
The Research Report covers insights into the Automotive Coatings industry over the past five to eight years and forecasts until 2023-2027. The Market report helps to analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Market with Trend and Forecast.
The report provides key statistics on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. The Market report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market.
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Regional Analysis: Asia Pacific, North America, Europe, the Middle East & Africa, and South America
The Asia Pacific is a fast-expanding market with several potential for industry participants. The majority of the major companies in North America and Europe intend to relocate their manufacturing bases to this area because to the availability of low-cost raw materials, cheap production costs, and the desire to better service local customers. The region's desire for luxury items is expanding as the middle-class population grows. Government efforts are also assisting the car industry's expansion. These factors are expected to have a significant impact on the automotive coatings market.
Global Key Players: BASF SE (Germany), Axalta Coating Systems (US), PPG Industries, Inc (US), Kansai Paint Co., Ltd (Japan), Nippon Paint Holding Co., Ltd (Japan), KCC Corporation (Korea), The Sherwin-Williams Company (US), AkzoNobel N.V. (The Netherlands), Jotun A/S (Norway), Arkema S.A. (France), and others.
The information for each competitor includes:
- Company Profile
- Main Business Information
- SWOT Analysis
- Sales, Revenue, Price and Gross Margin
- Market Share
In the end, the report makes some important proposals for a new project of this Industry before evaluating its feasibility. Overall, the report provides an in-depth insight into the global Automotive Coatings industry covering all important parameters.
• Automotive Coatings Driver
• Automotive Coatings Challenge
• Automotive Coatings Trends
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Automotive Coatings Market Segmentation
This research report categorizes the automotive coatings market based on resin type, technology, coat type, and region.
Based on resin type
Based on technology
Water-based segment in technology shows tremendous growth in automotive coatings market during the forecast period.
In water-based coating technique, water acts as the baser. The primary solvent in this approach is water, although it also contains other solvents such as glycol ethers. Water makes up around 80% of the entire makeup of water-based coating. The key benefit of this technology is its low toxicity and flammability as a consequence of low VOC levels and HAP emissions, which helps to reduce air pollutants. This coating outperforms other approaches in terms of adhesion and temperature resistance.
Based on Coat type
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The clearcoat segment holds the largest share during the forecast period.
Clearcoat is the last coat, applied on the body of the vehicle. It is transparent and has a shiny coat as it has no pigments or color. It is a layer of resin. The purpose of clearcoat is to protect the basecoat from sun and UV radiations that cause color fading. The thickness of this coat varies from 30-50 um. These coats are generally 1K and 2K types. Acrylic 1K clearcoat is the most widely used automotive coating. It offers cost and performance balance compared with other competitive products.
OEMs in the European region generally use epoxy clearcoat in vehicle manufacturing. Polyurethanes offer excellent scratch resistance. Nowadays, powder clearcoats are also accepted in the market. They have low or no emission of VOCs during application.
Further, in the research report, the following points are included along with an in-depth study of each point:
Production Analysis – Production is analyzed concerning different regions, types, and applications. Here, the price analysis of various Market key players is also covered.
Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the global market. another major aspect, price, which plays an important part in the revenue generation is also assessed in this section for the various regions.
Supply and Consumption – In continuation of sales, this section studies the supply and consumption of the Market. This part also sheds light on the gap between supply and consumption. Import and export figures are also given in this part.
Other analysis – Apart from the information, trade and distribution analysis for the Market, contact information of major manufacturers, suppliers and key consumers are also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed based on how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pinpoint analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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