Automotive Coatings Market Business Opportunities in 2022

 

Data Bridge Market Research analyses that the automotive coatings market was valued at USD 16.24 billion in 2021 and will reach USD 28.26 billion by the year 2029, at a CAGR of 7.17% during the forecast period of 2022 to 2029.

 

Global Automotive Coatings Market Scope

The automotive coatings market is segmented on the basis of technology type, product type, application, end-use and resin. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology type

·         Water-borne

·         Solvent-borne

·         Powder coating

·         UV-cured

·         Others

On the basis of technology type, automotive coatings market is segmented into water-borne, solvent-borne, powder coating, UV-cured and others.

Product type

·         Electrocoat

·         Primer

·         Learcoat

·         Basecoat

Based on product type, automotive coatings market is segmented into electrocoat, primer, clearcoat and basecoat.

Application

·         Plastic

·         Metal

Based on application, automotive coatings market is segmented into plastic and metal.

End-User

·         Commercial OEM

·         Automotive refinish

·         Light vehicle OEM

On the basis of end-use, automotive coatings market is segmented into commercial OEM, automotive refinish and light vehicle OEM.

Resin

·         Epoxy

·         Polyurethane

·         Acrylic

·         Others

On the basis of resin, automotive coatings market is segmented into epoxy, polyurethane, acrylic and others.

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Global Automotive Coatings Market Analysis and Size

Automotive coatings are water-resistant dry coatings applied to various parts of a vehicle for functional, decorative, and protective purposes. Such coatings possess important properties such as good elastomeric finish and greater surface hardness. They serve different purposes for different substrates such as plastics, composites, and metal.

Data Bridge Market Research analyses that the automotive coatings market was valued at USD 16.24 billion in 2021 and will reach USD 28.26 billion by the year 2029, at a CAGR of 7.17% during the forecast period of 2022 to 2029.

 

Automotive Coatings Market Regional Analysis/Insights

The automotive coatings market is analyzed and market size insights and trends are provided by country, technology type, product type, application, end-use and resin as referenced above.

The countries covered in the automotive coatings market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Automotive Coatings Market Share Analysis

The automotive coatings market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive coatings market.

Major players operating in the automotive coatings market

Major players operating in the automotive coatings market are

·         BASF SE (Germany),

·         Axalta Coating Systems (U.S.),

·         PPG Industries, Inc. (U.S.),

·         Kansai Paint Co., Ltd (Japan),

·         Nippon Paint Holdings Co., Ltd. (Japan),

·         The Valspar Corporation (U.S.)

·         KCC Corporation (South Korea),

·         Sherwin-Williams (U.S.),

·         AkzoNobel (Netherlands),

·         Jotun A/S (Norway)

COVID-19 Impact on Automotive Coatings Market

COVID-19 impacted various manufacturing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation and it also very badly impacted the market of automotive coatings because of the covid-19 and lockdown all the shopping places and workshops are closed and it hindered the market. The cases of COVID–19 and decrease in sales of automobiles has limit the market growth. Major industry players are rapidly entering into long term contracts with suppliers so as to attempt to retain their customer base.

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MAJOR TOC OF THE REPORT

·         Chapter One: Introduction

·         Chapter Two: Market Segmentation

·         Chapter Three: Market Overview

·         Chapter Four: Executive Summary

·         Chapter Five: Premium Insights

·         Chapter Six: automotive coatings market

 

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