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Automotive Coatings Market - Forecasts from 2018 to 2023

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  • 115 Pages
  • May 2018
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 4542554
The global automotive coatings market is projected to witness a CAGR of 6.31% during the forecast period to reach a total market size of US$21.006 billion by 2023, increasing from US$14.551 billion in 2017. Automotive coating enhances the appearance and durability of automotive and protecting from the harsh environmental condition including acid rain and extreme temperature. Increasing automobile production on account of population growth and rising income levels is expected to aid in market expansion.

The growing requirements of automotive refinish owing to vehicle maintenance and repair will expand the demand of coating industry over the upcoming years. Raw materials used for manufacturing of the coating includes pigments, additives, binders and solvents. Solvent borne is the most widely used technology and is expected to witness sluggish growth. The environmental regulation pertaining to volatile organic compounds emissions and hazardous air pollutants, such as toluene, xylene, ethylbenzene, and methyl ethyl ketone, is anticipated to restrain product demand. The waterborne technology has low toxicity and flammability with low VOC, HAP emission with greater heat resistance compared to other technologies.

In terms of end user, the automotive coatings market is segmented into Light Vehicle OEM, Commercial Vehicle OEM and Automotive Refinish. Light vehicle OEM is expected to be the largest end use of the market because of significant increase in demands of passenger car in the developing countries.

Geographically, the global automotive coatings market is segmented as North America, Europe, Middle East & Africa, Asia-pacific and south America. The automotive sector in Asia Pacific is driven by rising sales and production in countries including China, Japan, India and South Korea. China is expected to grow strongly with rise in the automobile production. The relocation of manufacturing bases by companies such as Volkswagen, Audi, Honda, Nissan, Toyota, Hyundai and Fiat to China has anticipated to drive the market demand.

The automotive coatings industry is highly competitive in nature with major manufacturer involved in developing new coating products through R&D. However, some big international players dominating the market with developed nanocoating advancement. The global key players are BASF, PPG Industries, Nippon Paint, Kansai Paint, AkzoNobel, Sherwin-Williams Company, Covestro AG, Arkema SA, Beckers Group, Cabot Corporation, Berger Paints, Eastman Chemical Company, Valspar Corporation, Clariant AG, Deft, Inc., Jotun A/S, Royal DSM, Lord Corporation, and Solvay S.A., Axalta Coating Systems, and KCC Paint.


By Product:
Base coat

By Technology:
Waterborne Coating
Solvent borne Coating
Powder Coating
UV-cured coating

By Application:
Metal Parts
Plastic parts

By End User:
Light Vehicle OEM
Commercial Vehicle OEM
Automotive Refinish

By Geography:

North America
  • United States

  • Canada

  • Mexico

  • Others

South America
  • Brazil

  • Argentina

  • Others

  • Germany

  • France

  • Italy

  • United Kingdom

  • Others

Middle East and Africa
  • Israel

  • Saudi Arabia

  • South Africa

  • Others

Asia Pacific
  • Japan

  • China

  • India

  • Australia

  • Others

Table of Contents

1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2.1. Research Design
2.2. Secondary Sources
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. Global Automotive Coating Market Forcast By product (US $ billion)
5.1. Primer
5.2. Electrocoat
5.3. Clearcoat
5.4. Base coat
6. Global Automotive Coating Market Forecast By Technology (US $ billion)
6.1. Waterborne Coating
6.2. Solvent borne Coating
6.3. Powder Coating
6.4. UV-cured coating
7. Global Automotive Coating Market Forecast By Application (US $ billion)
7.1 Metal Parts
7.2 Plastic parts
8. Global Automotive Coating Market Forecast By End user (US$ billion)
8.1 Light Vehicle OEM
8.2 Commercial Vehicle OEM
8.3 Automotive Refinish
9. Global Automotive Coating Market Forecast By Geography (US $ billion)
9.1 North America
9.1.1 United States
9.1.2 Canada
9.1.3 Mexico
9.1.4 Others
9.2 South America
9.2.1 Brazil
9.2.2 Argentina
9.2.3 Others
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 Italy
9.3.4 United Kingdom
9.3.5 Others
9.4 Middle East and Africa
9.4.1 Israel
9.4.2 Saudi Arabia
9.4.3 South Africa
9.4.4 Others
9.5 Asia Pacific
9.5.1 Japan
9.5.2 China
9.5.3 India
9.5.4 Australia
9.5.5 Others
10.1 Recent Deals and Investment
10.2 Strategies of Key Players
10.3 Investment Analysis
11.1 BASF SE.
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Production and Services
11.1.4 SWOT Analysis
11.2 PPG Industries Inc.
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Production and services
11.2.4 SWOT Analysis
11.3 Nippon Paint
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Production and services
11.3.4 SWOT Analysis
11.4 Kansai Paint Co., Ltd.
11.4.1 Company Overview
11.4.2 Financials
11.4.3 Production and services
11.4.4 SWOT Analysis
11.5 AkzoNobel N.V
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Production and services
11.5.4 SWOT Analysis
11.6 Sherwin-Williams Company
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Production and services
11.6.4 SWOT Analysis
11.7 Covestro AG,
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Production and services
11.7.4 SWOT Analysis
11.8 Arkema SA
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Production and services
11.8.4 SWOT Analysis
11.9 Beckers Group
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Production and services
11.9.4 SWOT Analysis
11.10 Axalta Coating Systems
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Production and services
11.10.4 SWOT Analysis
11.11 Berger Paints India Limited
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Production and services
11.11.4 SWOT Analysis
11.12 Eastman Chemical Company
11.12.1 Company Overview
11.12.2 Financials
11.12.3 Production and services
11.12.4 SWOT Analysis
11.13 Clariant AG
11.13.1 Company Overview
11.13.2 Financials
11.13.3 Production and services
11.13.4 SWOT Analysis
11.14 Royal DSM
11.14.1 Company Overview
11.14.2 Financials
11.14.3 Production and services
11.14.4 SWOT Analysis
11.15 Lord Corporation
11.15.1 Company Overview
11.15.2 Financials
11.15.3 Production and services
11.15.4 SWOT Analysis

Companies Mentioned


  • PPG Industries Inc.

  • Nippon Paint

  • Kansai Paint Co., Ltd.

  • AkzoNobel N.V

  • Sherwin-Williams Company

  • Covestro AG,

  • Arkema SA

  • Beckers Group

  • Axalta Coating Systems

  • Berger Paints India Limited

  • Eastman Chemical Company

  • Clariant AG

  • Royal DSM

  • Lord Corporation