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Automotive Coatings Market

Automotive Coatings Market

Automotive Coatings Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027

Automotive Coatings Market
FACT2442MR
  • Dec-2018
  • List of Tables : 138
  • List of Figures : 108
  • 170 Pages
  • Automotive

Top Players Hold Nearly 40% Share, Market Remains Splintered at the Brink

Top 5 companies in the automotive coatings market will continue to hold nearly two-fifth market share, with an average revenue range of US$ 5Bn to US$ 8 Bn.

This further implies a high consolidation of the automotive coatings market at the brim, whereas a splintered nature at the brink.

Robust sales infrastructure, sound operations and established global presence continue to retain buoyancy of Tier 1 players in the automotive coatings market.

While product developments and innovations are key strategies adopted by leading automotive coatings manufacturers, small and mid-sized companies are increasingly focusing on the introduction of new products, collaborations with leading players and suppliers to strengthen their manufacturing capabilities and distribution, as key expansion strategies.

Compact Painting Processes Gain Emphasis to Attain Future Sustainability Targets

Coating process innovation and automotive design continue to drive the demand & supply trends in the automotive coatings market, with automakers exploring materials for creating multi-substrate designs and manufacturing light-weight cars.

OEMs are continuously taking efforts to optimize the automotive coating process along with quality retention, as coating is deemed most energy- and cost-intensive process and has largest environmental footprint in the automotive industry.

This has further led automotive coatings behemoths such as PPG Industries, Axalta Coating Systems, and BASF to develop compact painting process, which is becoming the standard of choice in order to attain future sustainability targets.

Major compact automotive coatings process being implemented worldwide include B1:B2, 2-Wet and 3-Wet processes, and other primer-less technologies that include LCV painting and Eco Concept for cars.

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Shift of Automakers from Metals to Plastic to Remain Gradual Influencer for Automotive Coatings Developments

As automakers continue to explore various lightweight material alternatives to the traditional steel, a gradual shift is being witnessed toward multi-material approach in a bid to realize effective weight reduction.

Key materials being explored by the automakers include various high-strength plastics and carbon fiber reinforced polymers.

Significant challenges are faced by coating formulators and applicators alike, in case of vehicles manufactured from multi-metal substrates.

This is further expected to drive innovation across the overall automotive coating process and supply chain. However, the shift from metals to plastics in the automotive industry is not expected to be substantial, but gradual.

Despite concerns over coatings on multi-metal substrates, the automotive coatings market will continue to remain influenced by the gradual metal to plastic shift of automakers.

Material Constraints Ebb Smart Coatings Development

Focus on smart coatings in the automotive industry has been increasing in tandem with the use of low-temperature cure coating system, wherein the process requires modification into complete coating system.

This further ensures all coating layers to be entirely cured at set specific temperature. Technology of low temperature curing, faster drying, along with high gloss has recently witnessed permeation in the bus and truck manufacturing.

Key attributes of smart automotive coatings such as self-cleaning & self-healing, and solar reflective functionalities are expected to further drive their penetration into the industry.

However, ability of being painted in large quantities with quality retention over the vehicle’s lifetime is a key challenge impeding the market penetration of smart automotive coatings.

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Solvent-borne Coatings Currently in Demand Despite Concerns

Demand for solvent borne automotive coatings is expected to increase at a comparatively higher rate than water-borne coatings in 2018, despite rising environmental and health concerns associated with these variants.

Relative preference for solvent-borne solutions is hinged on the fact that these automotive coatings retain the bond between pigments liquid and binding agents.

However, substantial efforts being taken to curtail or eliminate emissions at the time of hardening owing to environmental and health concerns allude a decline in future demand for solvent-borne automotive coatings.

automotive coatings market analysis and forecast by vehicle type

Competition Landscape

Fact.MR’s study on the automotive coatings market delivers important information on the demand & supply trends of automotive coatings across the globe, coupled with a scrutinized assessment on competition landscape of the automotive coatings market.

Exhaustive analysis on leading and emerging players in the automotive coatings market is offered in the report, which involves company overview, product overview, key financials and recent developments.

Key players profiled in the report include 

  • Nippon Paint (USA)
  • Benjamin Moore & Co.
  • Behr Process Corp.
  • Kansai Paint Co. Ltd.
  • BASF Coatings
  • Axalta Coating Systems
  • Nippon Paint Holdings Co.
  • RPM International Inc.
  • The Sherwin-Williams Co.
  • AkzoNobel
  • PPG

Recent Developments of Automotive Coatings Manufacturers

  • Axalta Coating Systems has recently announced the launch of its StarLite, a modern tech-savvy, premium color for current as well as future automobiles. This automotive coating is light and reflective which is based on tri-coat process, and offers enhanced functionalities.
  • PPG Industries has introduced its PPG ENVIROCRON Extreme Protection, which is a powder automotive coating system, formulated for offering corrosion and chip resistance to coil-springs in OEM vehicles.
  • The Sherwin-Williams Co. has recently launched its range of refinish systems, majorly waterborne, that offer highly productive basecoat and consistent performance along with premium experience. These automotive coatings are approved for use in the National Rule as well as regulated areas.

automotive coatings market pricing analysis, 2018

An Adaptive Approach to Modern-day Research Needs

Definition

Automotive coatings are coatings used for both aesthetics and protection purposes, and are more convoluted and tedious activity compared to other industrial coatings.

Basecoat plays a pivotal role in automotive coatings, with constituents representing special-effect substances and pigments.

About the Report

This report on the automotive coatings market is an exhaustive compilation of actionable and valuable insights. T

he report offers an in-depth assessment on the automotive coatings market, which incorporates study on important dynamics including growth drivers, restraints, trends, and opportunities for the automotive coatings market.

The report primary focuses on the provision of authentic intelligence to its readers with regard to the automotive coatings market, which would enable them in gathering and devising strategies on the basis of the insights delivered on the automotive coatings market.

In key sections of the report, an overview on the automotive coatings market has been offered which includes a concise introduction to the automotive coatings market, along with an accurate definition of the target product – automotive coatings.

This further enables the clients in better understanding current as well as future potential for growth of the automotive coatings market.

Leveraging insights and data offered on the automotive coatings market in this report, clients are enabled to take informed steps for their businesses in the automotive coatings market.

Size of the automotive coatings market has been evaluated in terms of volume (Tons) and value (US$ Mn).

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Additional Questions Answered

This report offers answers to several other important queries apropos of the automotive coatings market, other than the insights offered above. Some of the key queries are listed below.

  • What will be the automotive coatings market size in 2019?
  • Which region will remain most lucrative for the automotive coatings market growth?
  • Which resin type is preferred for the automotive coatings, what is their market size in 2018?
  • What is the market share comparison between coat types in the automotive coatings market?
  • What will be growth rate of UV core automotive coatings in 2018?
  • What will be volume sales of automotive coatings for passenger cars in 2018?

Research Methodology

Insights and forecast offered on the automotive coatings market are based on a robust research methodology that is used to develop this report on the automotive coatings market.

The research methodology used involves exhaustive secondary as well as primary researches to gain detailed information on the automotive coatings market.

Analysts have leveraged the research approach to arrive at the automotive coatings market size offered, along with other important numbers such as revenue share and CAGR of all the market segments identified in the report.

Information collected on the automotive coatings market is transitioned via many validation funnels, before their inclusion in the report.

Fact.MR’s unique research approach ensures credibility of the data obtained and statistics derived, which in turn offers readers with accurate information, and authentic data on the automotive coatings market.

Scope of the automotive coatings market report is to deliver precise intelligence and valuable insights on the automotive coatings market, thereby enabling clients to make proper decision for future growth of their businesses in the automotive coatings market.

Segmentation

The report offers a detailed analysis and forecast on the automotive coatings market based on a segmental analysis.

Key segments identified in the automotive coatings market report include resin type, coat type, vehicle type, technology and region.

All the automotive coatings market segments have been analyzed and important market numbers such as the market share, Y-o-Y growth, and revenue & volume comparison has been offered for these segments.

The report has split the automotive coatings market regionally into Middle East & Africa (MEA), North America, Europe, Japan, Latin America and Asia-Pacific excluding Japan (APEJ).

A country-level analysis on all these regional markets for automotive coatings has also been offered in key dedicated chapters of the report.

automotive coatings market taxonomy

Automotive Coatings Market Scope Of The Report

A recently compiled report of Fact.MR, titled Automotive Coatings Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018-2027,” gives a comprehensive analysis on the automotive coatings market worldwide.

Size of the automotive coatings market has been evaluated for the historical period (2013-2017) and forecast period (2018-2027), and has been delivered in terms of value (US$ Bn) and volume (tons).

The report also offers a detailed analysis and forecast on key segments and the competitive landscape of the automotive coatings market.

automotive coatings market research methodology

Chapter 1 – Global Macro-Economic Indicator Assessment Outlook

This chapter gives an exhaustive assessment on the macro-economic indicators that impact growth of the automotive coatings market.

Analysis on the global coatings industry as well as the global automotive industry has been taken into consideration and their ripple effects on the automotive coatings market have been studied.

Chapter 2 – Automotive Coatings Market Executive Summary

A succinct summary of the automotive coatings market has been offered in the second chapter of the report, which gives a synopsis of key findings in the market, along with information on the industry’s structure.

Opportunity assessment for companies operating in the automotive coatings market has been given with the aid of Wheel of Fortune. Mega trends impacting growth of the automotive coatings market have also been highlighted in this chapter.

Chapter 3 – Automotive Coatings Market Overview

The report offers a concise overview of the automotive coatings market, which includes an introduction to the market, along with a definition of the target product – automotive coatings.

A systematic breakdown of the automotive coatings market has been offered in this chapter, which implies scope of the research involved.

Size of the automotive coatings market has been evaluated in terms of volume (tons) as well as value (Bn), and forecast on the automotive coatings market has been offered for the period between 2018 and 2027.

Chapter 4 – Coating Production Outlook

This chapter gives a brief information and on the coating production outlook at a global scale. Impact of the production and demand trends on growth of the automotive coatings market has also been in this chapter.

Chapter 5 – Automotive Coatings Market Associated Indicators Assessment

Key associated indicators with the automotive coatings market have been assessed in detailed in this chapter. Important market dynamics, which include key trends and drivers, challenges, and restraints have been highlighted and analyzed in detail.

A detailed study on the supply chain of the automotive coatings market has also been included in this chapter of the report.

Other aspects analyzed for the automotive coatings market in this chapter include cost breakdown, pricing strategy of manufacturers, and raw material cost breakdown.

Additionally, forecast factors and forecast scenario of the automotive coatings market have been included in this chapter to understand future prospects of the market.

Chapter 6 – Automotive Coatings Market Analysis & Forecast

In-depth analysis and forecast on the automotive coatings market has been offered in the sixth chapter and its sub-sections.

The analysis has been done on the basis of key segments identified in the report, based on resin type, coat type, technology, vehicle type, and region. Imperative numbers such as historical and forecast size of the segments in the automotive coatings market have been rendered in this chapter.

Volume and revenue comparison, Y-o-Y growth comparison, and market share comparison of all the market segments has been delivered in the report.

The automotive coatings market has been assessed regionally as well as on a country-level.

Key regions analyzed in the automotive coatings market include Middle East & Africa (MEA), Japan, Europe, Asia-Pacific excluding Japan (APEJ), Latin America, and North America.

Chapter 7 – North America Automotive Coatings Market

This chapter gives a succinct introduction to the automotive coatings market in North America, along with a detailed analysis and forecast on regional trends impacting the market growth.

Key countries assessed in the North America automotive coatings market are the U.S., and Canada, and value & volume forecast on the automotive coatings market in these countries have also been delivered in this chapter.

Chapter 8 – Latin America Automotive Coatings Market

A concise introduction to Latin America automotive coatings market has been offered in the eight chapter of the report. This chapter offers an accurate forecast on the automotive coatings market in the region in terms of volume and value.

Key countries studied under the Latin America automotive coatings market are Peru, Chile, Argentina, Mexico, Brazil, and Rest of Latin America. The automotive coatings market in Latin America has also been assessed on the basis of resin type, coat type, technology and commercial vehicle.

Chapter 9 – Europe Automotive Coatings Market

This chapter gives a succinct introduction to the automotive coatings market in Europe, along with a detailed analysis and forecast on regional trends impacting the market growth.

Key countries assessed in the Europe automotive coatings market are the NORDIC, BENELUX, the U.K., EU-4 (Italy, Spain, France, and Germany), and Rest of Europe, and value & volume forecast on the automotive coatings market in these countries have also been delivered in this chapter.

Chapter 10 – Japan Automotive Coatings Market

Japan’s automotive coatings market has been comprehensively assessed in this chapter, and detailed analysis on key trends impacting growth of the market in the country has been offered.

Volume & revenue comparison, Y-o-Y growth comparison, and the market share comparison of all the key segments assessed in the Japan automotive coatings market have been delivered in this chapter.

Chapter 11 – APEJ Automotive Coatings Market

An introduction to Asia-Pacific excluding Japan (APEJ) automotive coatings market has been offered in the eight chapter of the report. This chapter offers an accurate forecast on the automotive coatings market in the region in terms of volume and value.

Key countries studied under the APEJ automotive coatings market are South Korea, ASEAN, China, Australia & New Zealand, India, and Rest of APEJ. The automotive coatings market in APEJ has also been assessed on the basis of resin type, coat type, technology and commercial vehicle.

Chapter 12 – MEA Automotive Coatings Market

This chapter gives a quick introduction to the automotive coatings market in the Middle East & Africa (MEA), along with a detailed analysis and forecast on regional trends impacting the market growth.

Key countries assessed in the MEA automotive coatings market are the Turkey, South Africa, GCC countries, and Rest of MEA, and value & volume forecast on the automotive coatings market in these countries have also been delivered in this chapter.

Chapter 13 – Automotive Coatings Market Competitive Assessment

This weighted chapter of the report offers a detailed assessment on the automotive coatings market’s structure, along with a dashboard view of all the key companies profiled in the report.

A company share analysis on the automotive coatings market players has also been offered in this chapter.

In addition, a footprint matrix on the market players profiled in the report has been offered, and the presence of these automotive coatings manufacturers has been depicted with the aid of an intensity map.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.