Automotive Coatings Market

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Automotive Coatings Market Share, Size, Analysis, Growth, Trends
and Forecasts to 2024 | Hexa Research
“Increasing demand for eco-friendly coatings such as
UV cured coatings, water-borne coatings, and powder
coatings in developing economies like China and
Brazil is driving the automotive coatings market.”
The Global Automotive Coatings Market is anticipated to surpass USD 28 billion by 2024. The rising demands
for coatings on account of its ability to protect vehicles against acid rain, harsh weather, and UV radiation are
projected to propel market growth. Increasing consumption of UV-cured coatings due to their properties
such as high chemical resistance, solvent-free formulations, and low-temperature processing is expected to
boost the product demands. However, fluctuating raw material prices are likely to pose a challenge for
market growth. The global market is categorized as technologies, products, applications, end -uses, and
regions.
The technology sector includes waterborne, solvent-borne, powder coatings, UV-cured. The solvent-borne
sector led the industry in the past few years. However, it is likely to drop its share drastically since it releases
high levels of Hazardous Air Pollutants (HAP) and Volatile Organic Compounds (VOCs). Powder coatings are
said to have the fastest growth due to their various properties like superior finish, high corrosion resistance,
etc. Waterborne coatings are also likely to experience huge growth on account of their properties such as
heat resistance, adhesion etc.
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The product sector of the automotive coatings market comprises electrocoat, primer, clearcoat, and
basecoat. The basecoat sector led the market and is projected to have significant growth during the forecast
period (from 2016 to 2024). Electrocoats are likely to drive the market since they are anti -corrosion and antirust agents. The demands for clearcoat are estimated to grow as it provides protection against sun and UV
rays.
Application-wise, the metal sector dominated the industry and it is further expected to witness huge growth
in the near future. Plastic coatings are projected to be the fastest-growing application sector due to its
increasing usage in automobile manufacturing as it is flexibility, lightweight, corrosion-resistant, durable,
cost-effective, and recyclable.
Light vehicle OEM led the end-use sector in 2015 and it is said to experience a considerable growth during
the next few years. The automotive refinish sector is likely to have rapid growth on account of growing
consumer spending levels in developing economies of the APAC region.
Asia-Pacific was the dominant regional market in 2015. The region is projected to experience rapid growth
with a CAGR of over 6 % over the estimated years. Europe is likely to drop its market share in the automotive
refinishes sector to APAC due to lesser accident levels in the region. The Middle East & Africa will also have
huge growth as a result of rising production facilities in the region.
The key players of the automotive coatings market include Axalta Coating Systems; PPG Industries; Jotun A/S;
BASF SE; AkzoNobel N. V.; and Kansai Paint Co. Ltd.
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Table of Content of Automotive Coatings Market
Chapter 1 Research Methodology
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 List of Data Sources
Chapter 2 Executive Summary
2.1 Automotive coatings market snapshot, 2014 - 2024
Chapter 3 Automotive Coatings Industry Insights
3.1 Automotive coatings market segmentation
3.2 Automotive coatings market size and growth prospects, 2014 - 2024
3.3 Automotive coatings value chain analysis
3.3.1 Vendor landscape
3.4 Raw material outlook
3.5 Technology Overview
3.6 Regulatory framework
3.7 Automotive coatings market dynamics
3.7.1 Growth drivers
3.7.1.1 Growing automotive industry in Asia Pacific
3.7.1.2 Growing demand for powder coatings
3.7.2 Industry pitfalls and challenges
3.7.2.1 Fluctuating raw material prices
3.8 Key opportunities prioritized
3.9 Porter’s analysis
3.10 Company market share analysis, 2014
3.11 PESTEL analysis
Chapter 4 Automotive Coatings Technology Insights
4.1 Global automotive coatings market volume share by technology, 2016 & 2024
4.2 Waterborne coatings
4.2.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
4.2.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD
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4.3 Solventborne coatings
4.3.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
4.3.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
4.4 Powder Coatings
4.4.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
4.4.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
4.5 UV-Cured
4.5.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
4.5.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
Chapter 5 Automotive Coatings Product Insights
5.1 Global automotive coatings market volume share by product, 2014 & 2022
5.2 Primer
5.2.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
5.2.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
5.3 Electrocoat
5.3.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
5.3.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
5.4 Basecoat
5.4.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
5.4.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
5.5 Clearcoat
5.5.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
5.5.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
Chapter 6 Automotive Coatings Application Insights
6.1 Global automotive coatings market volume share by application, 2014 & 2022
6.2 Metals
6.2.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
6.2.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
6.3 Plastics
6.3.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
6.3.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
Chapter 7 Automotive Coatings End-Use Insights
7.1 Global automotive coatings market volume share by end-use, 2014 & 2022
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7.2 Light Vehicle OEM
7.2.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
7.2.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
7.3 Commercial OEM
7.3.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
7.3.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
7.4 Automotive Refinish
7.4.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
7.4.2 Market estimates and forecast, by region, 2016 - 2024 (Kilo Tons) (USD Million)
Chapter 8 Automotive Coatings Regional Insights
8.1 Global automotive coatings market volume share by region, 2014 & 2022
8.2 North America
8.2.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
8.2.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
8.2.3 Market estimates and forecast, by technology, 2016 - 2024 (Kilo Tons) (USD Million)
8.2.4 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
8.2.5 Market estimates and forecast, by end-use, 2016 - 2024 (Kilo Tons) (USD Million)
8.2.6 U.S.
8.2.6.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
8.2.6.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
8.2.6.3 Market estimates and forecast, by technology, 2016 - 2024 (Kilo Tons) (USD Million)
8.2.6.4 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
8.2.6.5 Market estimates and forecast, by end-use, 2016 - 2024 (Kilo Tons) (USD Million)
8.3 Europe
8.3.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
8.3.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
8.3.3 Market estimates and forecast, by technology, 2016 - 2024 (Kilo Tons) (USD Million)
8.3.4 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
8.3.5 Market estimates and forecast, by end-use, 2016 - 2024 (Kilo Tons) (USD Million)
8.3.6 Germany
8.3.6.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
8.3.6.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
8.3.6.3 Market estimates and forecast, by technology, 2016 - 2024 (Kilo Tons) (USD Million)
8.3.6.4 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
8.3.6.5 Market estimates and forecast, by end-use, 2016 - 2024 (Kilo Tons) (USD Million)
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8.4 Asia Pacific
8.4.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
8.4.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
8.4.3 Market estimates and forecast, by technology, 2016 - 2024 (Kilo Tons) (USD Million)
8.4.4 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
8.4.5 Market estimates and forecast, by end-use, 2016 - 2024 (Kilo Tons) (USD Million)
8.4.6 China
8.4.6.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
8.4.6.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
8.4.6.3 Market estimates and forecast, by technology, 2016 - 2024 (Kilo Tons) (USD Million)
8.4.6.4 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
8.4.6.5 Market estimates and forecast, by end-use, 2016 - 2024 (Kilo Tons) (USD Million)
8.4.7 India
8.4.7.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
8.4.7.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
8.4.7.3 Market estimates and forecast, by technology, 2016 - 2024 (Kilo Tons) (USD Million)
8.4.7.4 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
8.4.7.5 Market estimates and forecast, by end-use, 2016 - 2024 (Kilo Tons) (USD Million)
8.5 Latin America
8.5.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
8.5.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
8.5.3 Market estimates and forecast, by technology, 2016 - 2024 (Kilo Tons) (USD Million)
8.5.4 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
8.5.5 Market estimates and forecast, by end-use, 2016 - 2024 (Kilo Tons) (USD Million)
8.5.6 Brazil
8.5.6.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
8.5.6.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
8.5.6.3 Market estimates and forecast, by technology, 2016 - 2024 (Kilo Tons) (USD Million)
8.5.6.4 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
8.5.6.5 Market estimates and forecast, by end-use, 2016 - 2024 (Kilo Tons) (USD Million)
8.6 MEA
8.6.1 Market estimates and forecast, 2016 - 2024 (Kilo Tons) (USD Million)
8.6.2 Market estimates and forecast, by product, 2016 - 2024 (Kilo Tons) (USD Million)
8.6.3 Market estimates and forecast, by technology, 2016 - 2024 (Kilo Tons) (USD Million)
8.6.4 Market estimates and forecast, by application, 2016 - 2024 (Kilo Tons) (USD Million)
8.6.5 Market estimates and forecast, by end-use, 2016 - 2024 (Kilo Tons) (USD Million)
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Chapter 9 Competitive Insights
9.1 Axalta Coating Systems
9.2 BASF
9.3 PPG Industries
9.4 Kansai Paint
9.5 Nippon Paint
9.6 Bayer AG
9.7 KCC Corporation
9.8 Valspar Corporation
9.9 AkzoNobel
9.10 Sherwin-Williams
9.11 Arkema SA
9.12 Beckers Group
9.13 Berger Paints
9.14 Cabot Corporation
9.15 Clariant
9.16 Eastman Chemical Company
9.17 Jotun
9.18 Lord Corporation
9.19 DSM
9.20 Solvay S.A.
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The growth of automobile market in China, Japan, India, Germany, Mexico, and Indonesia along with the growth of aging vehicles is driving the automotive coatings market.

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