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Automotive Coating - Market Analysis, Trends, and Forecasts

  • ID: 4804429
  • Report
  • February 2020
  • Region: Global
  • 349 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • 3M COMPANY
  • A
  • AKZO NOBEL NV
  • AXALTA COATING SYSTEMS
  • BASF SE
  • JOTUN AS
  • MORE
Automotive Coating market worldwide is projected to grow by US$7.4 Billion, driven by a compounded growth of 6.7%. Polyurethane, one of the segments analyzed and sized in this study, displays the potential to grow at over 7.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$10.7 Billion by the year 2025, Polyurethane will bring in healthy gains adding significant momentum to global growth.

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
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • 3M COMPANY
  • A
  • AKZO NOBEL NV
  • AXALTA COATING SYSTEMS
  • BASF SE
  • JOTUN AS
  • MORE

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

UNITED STATES

Market Facts & Figures

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

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

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

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

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

IV. COMPETITION

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

ARKENA

BASF COATINGS GMBH

BAYER AG

BEHR PROCESS CORPORATION

BENJAMIN MOORE & CO.

BERGER PAINTS INDIA LTD.

BYK-CHEMIE GMBH

CABOT CORPORATION

CARGILL, INC.

CLARIANT AG

COVESTRO AG

DIAMOND VOGEL

DOW INC.

DUPONT DE NEMOURS, INC.

DYMAX CORPORATION

EASTMAN CHEMICAL COMPANY

HEMPEL A/S

HMG PAINTS LTD.

INGREDION INCORPORATED

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.

SOLVAY GROUP

SRG GLOBAL (USA)

TATE & LYLE PLC

TIKKURILA OYJ

TIODIZE

VALSPAR CORPORATION (USA)

KEYLAND POLYMER

KANSAI NEROLAC PAINTS LTD.

LUBRIZOL CORPORATION

WILH. BECKER HOLDING GMBH

GIVAUDAN SA

ALSA REFINISH

DULUX

ELECTRO-SPEC, INC.

ELINOR COATINGS

R.D. MATHIS COMPANY

SEM PRODUCTS

TECHMETALS, INC.

V. CURATED RESEARCH

Note: Product cover images may vary from those shown
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  • 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
  • A
Note: Product cover images may vary from those shown
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