Automotive OEM Coatings Market by Type, Layer and Vehicle Type - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • ID: 4227010
  • Report
  • Region: Global
  • 198 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Beckers Group
  • Berger Paints
  • Cabot Corporation
  • Clariant AG
  • Deft, Inc.
  • Eastman Chemical Company
  • MORE

Automotive OEM Coatings Market by Type (Solvent-Borne, Waterborne, Powdered), Layer (Primer, Basecoat, Electrocoat, and Clearcoat), and Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) - Global Opportunity Analysis and Industry Forecast, 2014-2022

Automotive OEM coatings are the specialty paints and coatings used in automobiles for decoration and protection purposes. The layer formed by the application of both paints and coatings amounts to approximately 100 µm. Initially, chromium, lead, and other heavy metals were employed in automotive coatings. The use of toxic chemicals and compounds is prohibited due to introduction of several environmental regulations, leading to use of water-based paints and coatings. Around 85% of the lacquer paint evaporates into the air, which pollutes the atmosphere. To overcome the undesired effects of these toxic chemicals, enamel paint is being widely used globally.

The market has witnessed tremendous opportunities globally, owing to increase in the production and demand for automobiles, growth in demand for advanced technologies, and better quality products. Furthermore, rise in per capita disposable incomes and the overall economic growth is further anticipated to boost the market growth during the forecast period. Upsurge in number of vehicle collisions demanding servicing and reconditioning of the vehicle is in turn boosting the overall demand for automotive OEM coatings. Moreover, rise in demand for recreational vehicles especially among youngsters, growth in demand for repair, maintenance and renovation of old vehicles as well as rising consumption of powder coatings, owing to its superior characteristic properties, such low emissions of volatile compounds and relatively thicker layer as compared to traditional automotive coatings are some factors anticipated to bring impetus in the global market. However, volatile prices of raw materials and difficulty in sourcing these raw materials are some key elements anticipated to hamper the market growth.

The global automotive OEM coatings market is categorized on the basis of type, layer, vehicle type, and geography. The type segment is categorized into solvent-borne, water-borne, powdered, and others. On the basis of layer, the market is broadly classified into primer, basecoat, electrocoat, and clearcoat. On the basis of vehicle type, the market is categorized into passenger cars, light commercial vehicles, heavy commercial vehicles, and others. Geographically, the market is analyzed across four regions, which include North America, Latin America, Europe, Asia-Pacific, and LAMEA.

The key players in the global automotive OEM coatings market have adopted various market penetration and growth strategies such as mergers & acquisitions with the local and established players. They have focused on developing new products, such as brighter and relatively thinner coatings to avoid extra weight and to reduce the overall costs. The key players profiled in the report include:

Axalta Coating Systems
BASF SE
PPG Industries
Nippon Paint
Kansai Paint
AkzoNobel
Sherwin-Williams Company
KCC Paint
Bayer AG
Arkema SA

KEY BENEFITS FOR STAKEHOLDERS

The report provides an extensive qualitative and quantitative analysis of the current and future trends of the global automotive OEM coatings market from 2014 to 2022 to determine the prevailing.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided in the report.
Market estimations and forecast of the industry are based on factors impacting the market growth for the period (2014–2022) in terms of value and volume.
Competitive intelligence of leading producers and suppliers of automotive OEM coatings helps to understand the competitive scenario across various geographies.
The report provides extensive qualitative insights on the significant segments or regions exhibiting favorable market growth.

KEY MARKET SEGMENTS

By Type

Solvent-Borne
Waterborne
Powdered
Others

By Layer

Primer
Basecoat
Electrocoat
Clearcoat

By Vehicle Type

Passenger Cars
Light-Commercial Vehicles (LCV)
Heavy-Commercial Vehicles (HCV)
Others (Motorbikes)

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
Russia
UK
France
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Korea
Rest of Asia-Pacific
LAMEA
Brazil
KSA
South Africa
Rest of LAMEA
READ MORE
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Beckers Group
  • Berger Paints
  • Cabot Corporation
  • Clariant AG
  • Deft, Inc.
  • Eastman Chemical Company
  • MORE
CHAPTER 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

CHAPTER 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

CHAPTER 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top Investment Pockets
3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Increasing consumer preference
3.4.1.2. Increasing vehicle production
3.4.1.3. Increasing competition among key market players
3.4.1.4. Rapid development of transportation infrastructure

3.4.2. Restraints

3.4.2.1. Volatile nature of raw material prices
3.4.2.2. Harmful environmental impact of conventional coatings

3.4.3. Opportunities

3.4.3.1. Increasing demand for eco-friendly coatings

3.5. TOP PLAYER POSITIONING

CHAPTER 4. GLOBAL AUTOMOTIVE OEM COATINGS MARKET, BY TYPE

4.1. INTRODUCTION

4.1.1. Market Size and Forecast

4.2. SOLVENT BORNE

4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast

4.3. WATER BORNE

4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast

4.4. POWDERED

4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast

4.5. OTHERS

4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast

CHAPTER 5. GLOBAL AUTOMOTIVE OEM COATINGS MARKET, BY LAYER

5.1. INTRODUCTION

5.1.1. Market Size and Forecast

5.2. PRIMER

5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast

5.3. BASECOAT

5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast

5.4. ELECTROCOAT

5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast

5.5. CLEARCOAT

5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast

CHAPTER 6. GLOBAL AUTOMOTIVE OEM COATINGS MARKET, BY VEHICLE TYPE

6.1. INTRODUCTION

6.1.1. Market Size and Forecast

6.2. PASSENGER CARS

6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast

6.3. LIGHT COMMERCIAL VEHICLES

6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast

6.4. HEAVY COMMERCIAL VEHICLES

6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast

6.5. OTHERS (MOTORBIKES, THREE WHEELERS ETC.)

6.5.1. Key Market Trends, Growth Factors and Opportunities
6.5.2. Market Size and Forecast

CHAPTER 7. GLOBAL AUTOMOTIVE OEM COATINGS MARKET, BY GEOGRAPHY

7.1. INTRODUCTION

7.1.1. Market Size and Forecast

7.2. NORTH AMERICA

7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast
7.2.3. U.S.

7.2.3.1. Market size and forecast, by type

7.2.4. Canada

7.2.4.1. Market size and forecast, by type

7.2.5. Mexico

7.2.5.1. Market size and forecast, by type

7.3. EUROPE

7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast
7.3.3. Germany

7.3.3.1. Market size and forecast, by type

7.3.4. France

7.3.4.1. Market size and forecast, by type

7.3.5. UK

7.3.5.1. Market size and forecast, by type

7.3.6. Spain

7.3.6.1. Market size and forecast, by type

7.3.7. Italy

7.3.7.1. Market size and forecast, by type

7.3.8. Rest of Europe

7.3.8.1. Market size and forecast, by type

7.4. ASIA-PACIFIC

7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast
7.4.3. India

7.4.3.1. Market size and forecast, by type

7.4.4. China

7.4.4.1. Market size and forecast, by type

7.4.5. Japan

7.4.5.1. Market size and forecast, by type

7.4.6. Australia

7.4.6.1. Market size and forecast, by type

7.4.7. Korea

7.4.7.1. Market size and forecast, by type

7.4.8. Rest of Asia-Pacific

7.4.8.1. Market size and forecast, by type

7.5. LAMEA

7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Size and Forecast
7.5.3. Brazil

7.5.3.1. Market size and forecast, by type

7.5.4. KSA

7.5.4.1. Market size and forecast, by type

7.5.5. South Africa

7.5.5.1. Market size and forecast, by type

7.5.6. Rest of LAMEA

7.5.6.1. Market size and forecast, by type

CHAPTER 8. COMPANY PROFILES

8.1. AXALTA COATING SYSTEMS

8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves and Developments

8.2. BASF SE

8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves and Developments

8.3. PPG INDUSTRIES

8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves and Developments

8.4. NIPPON PAINT

8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves and Developments

8.5. KANSAI PAINT

8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves and Developments

8.6. AKZO NOBEL

8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves and Developments

8.7. SHERWIN WILLIAMS COMPANY

8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves and Developments

8.8. KCC PAINT

8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves and Developments

8.9. BAYER AG

8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.9.5. Key Strategic Moves and Developments

8.10. ARKEMA SA

8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves and Developments
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FEATURED COMPANIES

  • Beckers Group
  • Berger Paints
  • Cabot Corporation
  • Clariant AG
  • Deft, Inc.
  • Eastman Chemical Company
  • MORE
Automotive OEM Coatings Market Report, stats that the Global Market was valued at $6,426 million in 2015, and is expected to reach $9,379 million by 2022, growing at a CAGR of 5.6% from 2016 to 2022. The solvent-borne segment held nearly half of the total market in 2015.

Automotive coatings enhance the overall durability and appearance of a vehicle and also safeguard it from UV radiation, extreme temperature, and foreign particles such as dust and soot. Increase in preference of consumers towards high-quality automotive coatings is a key factor driving the market. These are used to coat the surfaces of automobiles and exemplify the futuristic technologies, which are capable of manufacturing durable surfaces, maximizing overall efficiency while meeting environmental norms.

The global automotive OEM coatings market witness vivid opportunities, owing to rise in demand for recreational vehicles among youngsters, growth in population and rise in income levels. Moreover, growth of the overall automotive industry globally and rise in demand for high-quality paints and coatings in automobiles is further anticipated to boost the overall growth. In addition, rise in consumption of powder coatings, owing to its superior characteristic properties, such as low emissions of volatile compounds and relatively thicker layer as compared to traditional automotive coatings, is anticipated to bring impetus in the global market. However, volatile prices of raw materials coupled with strict governmental norms on the use of toxic automotive OEM coatings are some key factors anticipated to hinder the overall growth.

Automotive OEM coatings is expected to register the highest growth in passenger cars, owing to rise in per capita disposable incomes and growth in consumer preference towards new models with low emissions and high fuel efficiency. Furthermore, rapid urbanization and upsurge in personal mobility needs are expected to boost the market growth. Automotive OEM coatings possesses advantages such as higher reliability, longer equipment life cycle, maintenance cost reduction, and low on toxic emissions.

The basecoat layer segment accounted around three-fourths share, in terms of volume, in 2015. In response to the perennial modifications in the automotive industry, efficient paints and coatings solutions are in demand globally. Thus, increase in requirement of high-tech automotive OEM coatings solutions and rise in adoption of new vehicles fuel the demand for automotive OEM coatings globally.

Key Findings of the Automotive OEM Coatings Market:

The electrocoat segment is anticipated to grow at the highest CAGR of 5.9% during the analysis period.
Asia-Pacific is projected to maintain its lead position from 2016 to 2022 and will grow at a CAGR of 4.7%, in terms of volume.
Passenger cars segment occupied around half of the total market in 2015.
China occupied around one-third of the total Asia-Pacific market in 2015.
In terms of value, India is expected to grow at the highest CAGR of 6.7% from 2016 to 2022.
In 2015, Asia-Pacific and LAMEA collectively accounted for around two-fifths of the total market, in terms of volume, and are expected to continue this trend, owing to increase in urbanization, specifically in China, India, Brazil, and other developing countries. Moreover, rise in urban population with increased per capita disposable income and growth in overall consumer spending are the major aspects that boost the growth of the automotive OEM coatings market in the Asia-Pacific region.

The major companies profiled in the report include Axalta Coating Systems, BASF SE, PPG Industries, Nippon Paint, Kansai Paint, AkzoNobel, Sherwin-Williams Company, KCC Paint, Bayer AG, and Arkema SA.
Note: Product cover images may vary from those shown
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  • Beckers Group
  • Cabot Corporation
  • Berger Paints
  • Eastman Chemical Company
  • Valspar Corporation
  • Clariant AG
  • Deft, Inc.
  • Jotun A/S
  • Royal DSM
  • Lord Corporation
  • Solvay S.A.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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