Representing the developed world, the United States will maintain a 5.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$259.1 Million to the region's size and clout in the next 5 to 6 years. Over US$220.7 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Polyurethane will reach a market size of US$529.6 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 10% over the next couple of years and add approximately US$2 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others,
- Akzo Nobel NV
- Axalta Coating Systems
- BASF SE
- Jotun A/S
- Kansai Paint Co., Ltd.
- KCC Corporation
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- The Valspar Corporation
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Automotive Coating Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Automotive Coating – A Vital Aspect of Vehicle Appearance
Asia Pacific Presents Rapid Growth Opportunities with Expanding Automobile Production
A Key Demographic Driver of Consumerism, the Growing Middle Class Population in Asia Pacific Drives Demand for New Cars: Global Middle Class Population & Spending (In Million & US$ 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)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
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
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Automotive Coating Market Share (in %) by Company: 2019 & 2025
Market Facts & Figures
European Automotive Coating Market: Competitor Market Share Scenario (in %) for 2019 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AKZO NOBEL NV
AXALTA COATING SYSTEMS
NIPPON PAINT HOLDINGS
THE SHERWIN-WILLIAMS COMPANY
THE VALSPAR CORPORATION
ARCHER DANIELS MIDLAND COMPANY
BASF COATINGS GMBH
BEHR PROCESS CORPORATION
BENJAMIN MOORE & CO.
BERGER PAINTS INDIA LTD.
DUPONT DE NEMOURS, INC.
EASTMAN CHEMICAL COMPANY
HMG PAINTS LTD.
KERRY GROUP PLC
MITSUI CHEMICALS, INC.
NIPPON PAINT CO., LTD. (JAPAN)
NOROO PAINT & COATINGS CO LTD.
PENINSULA METAL FINISHING
KONINKLIJKE DSM N.V.
RPM INTERNATIONAL, INC.
SRG GLOBAL (USA)
TATE & LYLE PLC
VALSPAR CORPORATION (USA)
KANSAI NEROLAC PAINTS LTD.
WILH. BECKER HOLDING GMBH
R.D. MATHIS COMPANY
V. CURATED RESEARCH
- AKZO NOBEL NV
- AXALTA COATING SYSTEMS
- BASF SE
- JOTUN AS
- KCC CORPORATION
- KANSAI PAINT
- NIPPON PAINT HOLDINGS
- PPG INDUSTRIES
- THE SHERWIN-WILLIAMS COMPANY
- THE VALSPAR CORPORATION
- 3M COMPANY
- ARCHER DANIELS MIDLAND COMPANY