Automotive Paints & Coatings Market Size to Surpass Around USD 26.8 Bn by 2027

A recent study by Precedence Research on the Automotive Paints & Coatings Market offers a 7 year forecast from 2020 to 2027. The study offers a comprehensive analysis of the current state of the global Automotive Paints & Coatings market, as well as projections for overall growth prospects and key factors in major regional markets.

The Automotive Paints & Coatings Market is expected to exceed more than US$ 26.8 Billion by 2027 at a CAGR of  8.2% in the given forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, market share analysis, and the overall market environment.

The research report includes a detailed study of regions of North America, Europe, Asia Pacific, and Rest of the World. For these regions, primary variables such as production volume, price analysis, and gross margin analysis are provided. This research report presents the market status, import-export data, and consumption ratio for each region. The SWOT analysis, pricing structures, and gross margin are all analyzed by region.

Growth Factors

Shifting preference of consumers towards attractive texture and improved aesthetic appearance of the vehicles drives the global automotive paints & coatings market growth. At present, significant benefits offered by paints & coatings such as UV protection and color retention are gaining high popularity. Introduction of numerous exterior shades of vehicles and coating solutions have provided significant potential for the market growth. In addition, continuous engagement of industry participants for developing latest and cost-effective coating & paints solutions projected to fuel the market growth in the coming years. Furthermore, rising production of commercial and passenger vehicles expected to proliferate the paints & coatings demand during the forecast period. As per statistics provided by International Organization of Motor Vehicle Manufacturers (OICA) in 2019, total vehicle production across the world was 91.78 Mn out of which 24.64 Mn were commercial and 67.15 Mn were passenger vehicles.

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Automotive Paints & Coatings Market: Scope

A recent study by Precedence Research on the Automotive Paints & Coatings market offers a forecast for 2020 and 2027. This report covers the following areas:

  • Automotive Paints & Coatings Market Size
  • Automotive Paints & Coatings Market Growth
  • Automotive Paints & Coatings Market Trends
  • Automotive Paints & Coatings Market Industry Analysis

Market Sizing and Forecast

There has been a thoughtful approach for estimating the market size and forecast. The primary and secondary research conducted from both, supply and demand side has resulted in high accuracy of data. Logical explanation for the year over year and compound average growth makes it easy for the reader to know the largest revenue generating source and the future potential. The research methodology is a blend of secondary and primary research with more emphasis on the latter. Country level trends were tracked to implement bottom-up method of market size estimation.

Secondary Research

Secondary research occupies approximately 25% of data sources, such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

Automotive Paints & Coatings Market: Key Players Analysis

The Automotive Paints & Coatings market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Some of the significant players in the Automotive Paints & Coatings market include:

  • Akzo Nobel NV
  • Axalta Coating Systems
  • BASF SE
  • Cabot Corp
  • Clariant AG
  • Covestro
  • Donglai Coating Technology
  • Dupont
  • Eastman
  • Kansai Paint Co. Ltd
  • KCC Corporation
  • Nippon Paint Holdings Co. Ltd
  • PPG Industries, Inc.
  • The Valspar Corporation.
  • Wanda refinish

Segment Analysis

This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Market Segmentation as below:

By Vehicle Type

  • Passenger Cars
  • Heavy Commercial Vehicles
  • Light Commercial Vehicles

By Coating Type

  • Basecoat
  • Primer
  • Electrocoat
  • Clearcoat

By Technology Type

  • Solvent borne
  • Waterborne
  • UV Curved
  • Powder

By Texture

  • Metallic
  • Solid
  • Matte

By Distribution Channel

  • Aftermarket
  • OEM

By Raw Material

  • Epoxy
  • Acrylic
  • Polyurethane
  • Other Resins

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Automotive Paints & Coatings Market, By Vehicle Type

7.1. Automotive Paints & Coatings Market, by Vehicle Type, 2020-2027
7.1.1. Passenger Cars
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Heavy Commercial Vehicles
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Light Commercial Vehicles
7.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Automotive Paints & Coatings Market, By Coating Type

8.1. Automotive Paints & Coatings Market, by Coating Type, 2020-2027
8.1.1. Basecoat
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Primer
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Electrocoat
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Clearcoat
8.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Automotive Paints & Coatings Market, By Technology Type

9.1. Automotive Paints & Coatings Market, by Technology Type, 2020-2027
9.1.1. Solvent borne
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Waterborne
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. UV Curved
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Powder
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Automotive Paints & Coatings Market, By Texture Type

10.1. Automotive Paints & Coatings Market, by Texture Type, 2020-2027
10.1.1. Metallic
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Solid
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Matte
10.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Automotive Paints & Coatings Market, By Distribution Channel

11.1. Automotive Paints & Coatings Market, by Distribution Channel, 2020-2027
11.1.1. Aftermarket
11.1.1.1. Market Revenue and Forecast (2016-2027)
11.1.2. OEM
11.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 12. Global Automotive Paints & Coatings Market, By Raw Material

12.1. Automotive Paints & Coatings Market, by Coating Type, 2020-2027
12.1.1. Epoxy
12.1.1.1. Market Revenue and Forecast (2016-2027)
12.1.2. Acrylic
12.1.2.1. Market Revenue and Forecast (2016-2027)
12.1.3. Polyurethane
12.1.3.1. Market Revenue and Forecast (2016-2027)
12.1.4. Other Resins
12.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 13. Global Automotive Paints & Coatings Market, Regional Estimates and Trend Forecast

13.1. North America
13.1.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.1.2. Market Revenue and Forecast, by Coating (2016-2027)
13.1.3. Market Revenue and Forecast, by Technology (2016-2027)
13.1.4. Market Revenue and Forecast, by Texture (2016-2027)
13.1.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.1.7. U.S.
13.1.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.1.7.2. Market Revenue and Forecast, by Coating (2016-2027)
13.1.7.3. Market Revenue and Forecast, by Technology (2016-2027)
13.1.7.4. Market Revenue and Forecast, by Texture (2016-2027)
13.1.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.8.1. Market Revenue and Forecast, by Raw Material (2016-2027)
13.1.9. Rest of North America
13.1.9.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.1.9.2. Market Revenue and Forecast, by Coating (2016-2027)
13.1.9.3. Market Revenue and Forecast, by Technology (2016-2027)
13.1.9.4. Market Revenue and Forecast, by Texture (2016-2027)
13.1.10. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.11. Market Revenue and Forecast, by Raw Material (2016-2027)
13.1.11.1.
13.2. Europe
13.2.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.2.2. Market Revenue and Forecast, by Coating (2016-2027)
13.2.3. Market Revenue and Forecast, by Technology (2016-2027)
13.2.4. Market Revenue and Forecast, by Texture (2016-2027)
13.2.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.2.7.
13.2.8. UK
13.2.8.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.2.8.2. Market Revenue and Forecast, by Coating (2016-2027)
13.2.8.3. Market Revenue and Forecast, by Technology (2016-2027)
13.2.9. Market Revenue and Forecast, by Texture (2016-2027)
13.2.10. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.10.1. Market Revenue and Forecast, by Raw Material (2016-2027)
13.2.11. Germany
13.2.11.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.2.11.2. Market Revenue and Forecast, by Coating (2016-2027)
13.2.11.3. Market Revenue and Forecast, by Technology (2016-2027)
13.2.12. Market Revenue and Forecast, by Texture (2016-2027)
13.2.13. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.14. Market Revenue and Forecast, by Raw Material (2016-2027)
13.2.14.1.
13.2.15. France
13.2.15.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.2.15.2. Market Revenue and Forecast, by Coating (2016-2027)
13.2.15.3. Market Revenue and Forecast, by Technology (2016-2027)
13.2.15.4. Market Revenue and Forecast, by Texture (2016-2027)
13.2.16. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.16.1. Market Revenue and Forecast, by Raw Material (2016-2027)
13.2.17. Rest of Europe
13.2.17.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.2.17.2. Market Revenue and Forecast, by Coating (2016-2027)
13.2.17.3. Market Revenue and Forecast, by Technology (2016-2027)
13.2.17.4. Market Revenue and Forecast, by Texture (2016-2027)
13.2.18. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.18.1. Market Revenue and Forecast, by Raw Material (2016-2027)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.3.2. Market Revenue and Forecast, by Coating (2016-2027)
13.3.3. Market Revenue and Forecast, by Technology (2016-2027)
13.3.4. Market Revenue and Forecast, by Texture (2016-2027)
13.3.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.3.7. India
13.3.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.3.7.2. Market Revenue and Forecast, by Coating (2016-2027)
13.3.7.3. Market Revenue and Forecast, by Technology (2016-2027)
13.3.7.4. Market Revenue and Forecast, by Texture (2016-2027)
13.3.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.9. Market Revenue and Forecast, by Raw Material (2016-2027)
13.3.10. China
13.3.10.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.3.10.2. Market Revenue and Forecast, by Coating (2016-2027)
13.3.10.3. Market Revenue and Forecast, by Technology (2016-2027)
13.3.10.4. Market Revenue and Forecast, by Texture (2016-2027)
13.3.11. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.11.1. Market Revenue and Forecast, by Raw Material (2016-2027)
13.3.12. Japan
13.3.12.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.3.12.2. Market Revenue and Forecast, by Coating (2016-2027)
13.3.12.3. Market Revenue and Forecast, by Technology (2016-2027)
13.3.12.4. Market Revenue and Forecast, by Texture (2016-2027)
13.3.12.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.12.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.3.13. Rest of APAC
13.3.13.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.3.13.2. Market Revenue and Forecast, by Coating (2016-2027)
13.3.13.3. Market Revenue and Forecast, by Technology (2016-2027)
13.3.13.4. Market Revenue and Forecast, by Texture (2016-2027)
13.3.13.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.13.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.4.2. Market Revenue and Forecast, by Coating (2016-2027)
13.4.3. Market Revenue and Forecast, by Technology (2016-2027)
13.4.4. Market Revenue and Forecast, by Texture (2016-2027)
13.4.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.4.7. GCC
13.4.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.4.7.2. Market Revenue and Forecast, by Coating (2016-2027)
13.4.7.3. Market Revenue and Forecast, by Technology (2016-2027)
13.4.7.4. Market Revenue and Forecast, by Texture (2016-2027)
13.4.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.9. Market Revenue and Forecast, by Raw Material (2016-2027)
13.4.10. North Africa
13.4.10.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.4.10.2. Market Revenue and Forecast, by Coating (2016-2027)
13.4.10.3. Market Revenue and Forecast, by Technology (2016-2027)
13.4.10.4. Market Revenue and Forecast, by Texture (2016-2027)
13.4.11. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.12. Market Revenue and Forecast, by Raw Material (2016-2027)
13.4.13. South Africa
13.4.13.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.4.13.2. Market Revenue and Forecast, by Coating (2016-2027)
13.4.13.3. Market Revenue and Forecast, by Technology (2016-2027)
13.4.13.4. Market Revenue and Forecast, by Texture (2016-2027)
13.4.13.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.13.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.4.14. Rest of MEA
13.4.14.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.4.14.2. Market Revenue and Forecast, by Coating (2016-2027)
13.4.14.3. Market Revenue and Forecast, by Technology (2016-2027)
13.4.14.4. Market Revenue and Forecast, by Texture (2016-2027)
13.4.14.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.14.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.5.2. Market Revenue and Forecast, by Coating (2016-2027)
13.5.3. Market Revenue and Forecast, by Technology (2016-2027)
13.5.4. Market Revenue and Forecast, by Texture (2016-2027)
13.5.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.5.7. Brazil
13.5.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.5.7.2. Market Revenue and Forecast, by Coating (2016-2027)
13.5.7.3. Market Revenue and Forecast, by Technology (2016-2027)
13.5.7.4. Market Revenue and Forecast, by Texture (2016-2027)
13.5.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.8.1. Market Revenue and Forecast, by Raw Material (2016-2027)
13.5.9. Rest of LATAM
13.5.9.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.5.9.2. Market Revenue and Forecast, by Coating (2016-2027)
13.5.9.3. Market Revenue and Forecast, by Technology (2016-2027)
13.5.9.4. Market Revenue and Forecast, by Texture (2016-2027)
13.5.9.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.9.6. Market Revenue and Forecast, by Raw Material (2016-2027)

Chapter 14. Company Profiles

14.1. Akzo Nobel NV
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Axalta Coating Systems
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. BASF SE
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Cabot Corp
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Clariant AG
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Covestro
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Donglai Coating Technology
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Dupont
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Eastman.
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Kansai Paint Co. Ltd
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
14.11. KCC Corporation
14.11.1. Company Overview
14.11.2. Product Offerings
14.11.3. Financial Performance
14.11.4. Recent Initiatives
14.12. Nippon Paint Holdings Co. Ltd
14.12.1. Company Overview
14.12.2. Product Offerings
14.12.3. Financial Performance
14.12.4. Recent Initiatives
14.13. PPG Industries, Inc.
14.13.1. Company Overview
14.13.2. Product Offerings
14.13.3. Financial Performance
14.13.4. Recent Initiatives
14.14. The Valspar Corporation.
14.14.1. Company Overview
14.14.2. Product Offerings
14.14.3. Financial Performance
14.14.4. Recent Initiatives
14.15. Wanda Refinish
14.15.1. Company Overview
14.15.2. Product Offerings
14.15.3. Financial Performance
14.15.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions

Chapter 16. Appendix

16.1. About Us
16.2. Glossary of Terms

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