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Automotive Paints & Coatings Market Share
- Report ID: GMI3243
- Published Date: Dec 2020
- Report Format: PDF
Automotive Paints & Coatings Market Share
Some of the prominent participants operating in the market are :
- Axalta Group
- Dupont and PPG Group
- BASF SE
- Berger Paints
- Akzo Nobel
- Covestro AG
- Clariant AG
- The Sherwin-Williams Company
- Eastman
Frequently Asked Questions (FAQ) :
Global automotive paints & coatings industry size was valued at USD 14.33 billion in 2019 and is likely to grow at nearly 5.3% CAGR through 2026.
Automotive paints & coatings market share from the electrocoat segment is estimated to reach USD 8 billion by 2026 driven by its benefits like corrosion resistance and lower curing temperature.
The waterborne technology segment accounted for a revenue of USD 6.5 billion in 2019 and is set to witness exponential growth due to low VOCs emission and superior performance.
OEMs segment held over 70% of the overall automotive paints & coatings market share during 2019 and will grow with the increasing automobile sales and consumer spending on aesthetic appearance, functionality, and comfort.
In 2019, polyurethane captured nearly 20% of automotive paints & coatings industry revenue and is set to record constant growth attributed to its durability, high gloss, and scratch and corrosion resistance.
Automotive Paints & Coatings Market Scope
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