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Automotive Paints - Global Market Trajectory & Analytics

  • ID: 4804404
  • Report
  • July 2020
  • Region: Global
  • 476 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • 3M COMPANY
  • AKZO NOBEL NV
  • ARKEMA S.A.
  • BASF SE
  • DOW CHEMICAL COMPANY, THE
  • NIPPON PAINT HOLDINGS
  • MORE
Global Automotive Paints Market to Reach US$9.7 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Automotive Paints estimated at US$8.7 Billion in the year 2020, is projected to reach a revised size of US$9.7 Billion by 2027, growing at a CAGR of 1.6% over the analysis period 2020-2027.E-coat, one of the segments analyzed in the report, is projected to grow at a 1.8% CAGR to reach US$3.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Primer segment is readjusted to a revised 1.5% CAGR for the next 7-year period. This segment currently accounts for a 26.8% share of the global Automotive Paints market.

The U. S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 3.3% CAGR for the Period of 2020-2027

The Automotive Paints market in the U. S. is estimated at US$2.4 Billion in the year 2020. The country currently accounts for a 27.09% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.9 Billion in the year 2027 trailing a CAGR of 3.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.2% and 1.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.6% CAGR while Rest of European market (as defined in the study) will reach US$1.9 Billion by the year 2027.

Basecoat Segment Corners a 24.9% Share in 2020

In the global Basecoat segment, USA, Canada, Japan, China and Europe will drive the 1.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2027, while Latin America will expand at a 2.5% CAGR through the analysis period. The publisher brings years of research experience to this 7th edition of our report. The 476-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • 3M Company
  • Akzo Nobel NV
  • BASF SE
  • Covestro AG
  • Dow Chemical Company, The
  • KCC Corporation
  • Nippon Paint Co., Ltd.
  • PPG Industries, Inc.
  • Solvay SA
  • Valspar Corporation

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M COMPANY
  • AKZO NOBEL NV
  • ARKEMA S.A.
  • BASF SE
  • DOW CHEMICAL COMPANY, THE
  • NIPPON PAINT HOLDINGS
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Product Overview

Automotive Coating Processes

Global Competitor Market Shares

Automotive Paints Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Automotive Paints: Color Trends

Global Automotive Market Color Trends by Region: 2018

A Review of New Paint and Coating Technologies

Industry Centers Focus on Eco Friendly Paints

Innovative Automotive Paints and Coatings Developments

Evolution of Automated Painting Process

Rise in Adoption of Electric Vehicles to Accelerate Demand for Automotive Paints

Global Electric Vehicle Production Forecasts by Type: 2015-2030

Share of Electric Vehicle of Total Passenger vehicle Market: 2015-2030

Global Electric Vehicle Production: 2018-2030 (in Million Units)

Innovations in Curing Technology

A Peek into Paint Shop Advancements

Manufacturers Opt for Sustainable Environment at Paint Shops

Industry Attempts New Tests for Automotive Paints

Growing Demand for SUVs and Luxury Cars Augurs Well for Automotive Paints Market

Color-Changing Pigments Gain Interest

Self-Healing Paints Attract Attention as an Effective Medium to Minimize Maintenance Costs

Cooling Paint Technologies – Another Area of Interest

Global Automotive Industry Outlook and Opportunities

World Production of Light Vehicles in Million Units for the Period 2015-2023

Global Commercial Vehicles Market Outlook

Global Light Vehicle Production Estimates and Forecasts (in Million Units) : 2010-2026

Global Light Vehicle Production Share Analysis by Segment : 2018 & 2026

Rise in SUV Sales to Boost Opportunities

4. GLOBAL MARKET PERSPECTIVE

Demand for Waterborne Automotive OEM Coatings on Rise

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Automotive Paints Market Share (in %) by Company: 2019 & 2025

Market Analytics

Light Vehicle Sales in North America by Power Type: 2016-2025

Growing Demand for SUVs and Luxury Cars Augurs Well for Automotive Paints Market

CANADA

JAPAN

CHINA

Automotive Market Overview

EUROPE

Market Facts & Figures

European Automotive Paints Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

Russia Gears up Focus on Improving Domestic Market

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

Africa Displays Strong Potential Led by Improving Car Ownership

Market Analytics

IV. COMPETITION

Total Companies Profiled: 44

Note: Product cover images may vary from those shown
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  • 3M COMPANY
  • AKZO NOBEL NV
  • BASF SE
  • COVESTRO AG
  • DOW CHEMICAL COMPANY, THE
  • KCC CORPORATION
  • NIPPON PAINT HOLDINGS
  • PPG INDUSTRIES
  • VALSPAR CORPORATION (USA)
  • AKZO NOBEL INDIA
  • APV ENGINEERED COATINGS
  • ARKEMA S.A.
  • ASHLAND, INC.
Note: Product cover images may vary from those shown
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