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Automotive Paints - Global Market Trajectory & Analytics

  • ID: 4804404
  • Report
  • April 2021
  • Region: Global
  • 476 pages
  • Global Industry Analysts, Inc
Global Automotive Paints Market to Reach $9.7 Billion by 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 record a 1.8% CAGR and 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.



The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 3.3% CAGR

The Automotive Paints market in the U.S. is estimated at US$2.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027 trailing a CAGR of 3.3% over the analysis period 2020 to 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.

Basecoat Segment to Record 1.8% CAGR

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.

Select Competitors (Total 44 Featured):
  • 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
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Product Overview
  • Automotive Coating Processes
  • Impact of Covid-19 and a Looming Global Recession
  • Automotive Paints: Color Trends
  • Exhibit 1: 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
  • Exhibit 2: Global Electric Vehicle Production Forecasts by Type: 2015-2030
  • Exhibit 3: Share of Electric Vehicle of Total Passenger vehicle Market: 2015-2030
  • Exhibit 4: 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
  • Exhibit 5: World Production of Light Vehicles in Million Units for the Period 2015-2023
  • Global Commercial Vehicles Market Outlook
  • Exhibit 6: Global Light Vehicle Production Estimates and Forecasts (in Million Units) : 2010-2026
  • Exhibit 7: Global Light Vehicle Production Share Analysis by Segment : 2018 & 2026
  • Rise in SUV Sales to Boost Opportunities
III. MARKET ANALYSIS
  • Demand for Waterborne Automotive OEM Coatings on Rise
  • Exhibit 8: Light Vehicle Sales in North America by Power Type: 2016-2025
  • Growing Demand for SUVs and Luxury Cars Augurs Well for Automotive Paints Market
  • Automotive Market Overview
  • Russia Gears up Focus on Improving Domestic Market
  • Africa Displays Strong Potential Led by Improving Car Ownership
IV. COMPETITION
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown
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