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Automotive Coating - Global Market Trajectory & Analytics

  • ID: 4804429
  • Report
  • April 2021
  • Region: Global
  • 382 Pages
  • Global Industry Analysts, Inc
Global Automotive Coating Market to Reach $20.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Coating estimated at US$13.7 Billion in the year 2020, is projected to reach a revised size of US$20.4 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027. Polyurethane, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$10.8 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 Epoxy segment is readjusted to a revised 5.3% CAGR for the next 7-year period.



The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 8.9% CAGR

The Automotive Coating market in the U.S. is estimated at US$3.7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Acrylic Segment to Record 5.5% CAGR

In the global Acrylic segment, USA, Canada, Japan, China and Europe will drive the 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$2.3 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$2.7 Billion by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period.

Select Competitors (Total 43 Featured):
  • Akzo Nobel NV
  • Axalta Coating Systems
  • BASF SE
  • Jotun A/S
  • Kansai Paint Co., Ltd.
  • KCC Corporation
  • Nippon Paint Holdings Co., Ltd.
  • PPG Industries, Inc.
  • The Sherwin-Williams Company
  • The Valspar Corporation
Frequently Asked Questions about the Global Market for Automotive Coating

What is the estimated value of the Global Market for Automotive Coating?

The Global Market for Automotive Coating was estimated to be valued at $13.7 Billion in 2020.

What is the growth rate of the Global Market for Automotive Coating?

The growth rate of the Global Market for Automotive Coating is 5.9%, with an estimated value of $20.4 Billion by 2027.

What is the forecasted size of the Global Market for Automotive Coating?

The Global Market for Automotive Coating is estimated to be worth $20.4 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Automotive Coating - A Vital Aspect of Vehicle Appearance
  • Asia Pacific Presents Rapid Growth Opportunities with Expanding Automobile Production
  • A Key Demographic Driver of Consumerism, the Growing Middle Class Population in Asia Pacific Drives Demand for New Cars: Global Middle Class Population & Spending (In Million & US$ Billion) for the Years 2020, 2025, 2030
  • Percentage (In %) Breakdown of Automobile Production in Asia-Pacific by Country for the Year 2018
  • Water Borne Technology Segment to Witness Accelerated Growth
  • Percentage (In %) Breakdown of Water Borne Coatings Market by End Use (2018)
  • Impact of Covid-19 and a Looming Global Recession
  • STable Automobile Production Trends Drives Market Expansion
  • Led by China, Steadily Expanding Global Passenger Vehicle Production Drives Demand in the Market: Global Light Vehicle Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
  • Global Coatings Sales (In US$ Billion) by Light Vehicle and Commercial Vehicle End Use Market for the Years 2018 and 2021
  • Steady Global Demand for Commercial Vehicles Boosts Growth
  • Rising Light Commercial Vehicle Sales Driven by Growing e-Commerce Activities Benefits Market Growth: US Class 3-5 Truck Sales (In 1,000 Units) for the Years 2017, 2019 & 2021
  • Robust Demand for Heavy Trucks in China Extends Opportunities for Automotive Coating: Heavy Trucks Production (In Units) in Asia Pacific Region by Country (2018)
  • Stricter Environmental Regulations Strengthen Demand for Eco-Friendly Coatings
  • High Gloss and Chip Resistant Features Increase Demand for Polyurethane Coatings
  • Versatile Properties of Epoxy Resin Gain Prominence in Automotive Interior Coatings
  • Crucial Role of Car Interiors in Saleability to Boost Demand for Epoxy Resins: Global Automotive Interiors Market (In US$ Billion) for the Years 2018, 2021 and 2024
  • Emergence of UV-Curable Coating Solutions to Benefit Growth
  • Growing Automotive Lightweighting Efforts Drive Innovations in Coating Technology
  • A Glance at Key Technological Advancements and Products Innovations
  • New Technologies Heighten Demand for Automotive Refinish Coatings
  • Global Automotive Refinish Coatings Market (In US$ Billion) for the Years 2018, 2020 & 2023
  • Rise of E-Mobility and Self-Driving Trends Unfurl New Opportunities
  • Global Electric Vehicles Sales (In Million) for the Years 2020, 2025 & 2030
  • Volatility in Raw Material Pricing Restricts Market Expansion

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 43
Note: Product cover images may vary from those shown