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Automotive Coatings Manufacturing in the US - Industry Market Research Report

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    Report

  • 44 Pages
  • September 2023
  • Region: United States
  • IBISWorld
  • ID: 2227897

Fresh coat: The industry will receive significant tailwinds from rebounding automobile manufacturing

Revenue for the Automotive Coatings Manufacturing industry has contracted in recent years. The industry primarily produces protective coatings, including electro coats, primers, base coats and clear coats, typically applied during the automotive manufacturing process. As a result, the industry's performance has been hurt by a decline in new car sales. Additionally, consumer confidence has decreased, meaning consumers are less likely to spend on mostly discretionary purchases of industry products. To this end, industry revenue is expected to have declined at a CAGR of 3.3% to reach $3.6 billion in 2023, including a decline of 11.0% in 2020 alone due to the COVID-19 pandemic. Industry profit is also estimated to fall during the period due to lackluster growth in downstream markets, volatile input prices and the effects of a broader economic contraction caused by the pandemic. Revenue is anticipated to rise 1.4% in 2023 alone as new car sales increase.

This industry manufactures various coating products to decorate and protect automobile surfaces against wear, weather and corrosion. Final products are sold to automotive manufacturers, wholesalers, retailers and auto shops.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.


Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Axalta Coating Systems Ltd.
  • Basf Se
  • Ppg Industries Inc.
  • Sherwin Williams Co

Methodology

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