Automotive Coatings Market Size & Share 2020 to 2026

Market Size by Technology (Solvent borne, Waterborne, UV-Cured), by Product (Electrocoat, Primer, Clearcoat, Basecoat), by Application (Plastic, Metal), by End Use (Commercial OEM, Automotive Refinish, Light Vehicle OEM), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast.
Report ID: GMI107
   |
Published Date: August 2020
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Report Format: PDF

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Automotive Coatings Market Size

Automotive coatings market size exceeded USD 21 billion in 2019 and is estimated to grow at over 5% CAGR between 2020 and 2026. Increasing demand for high performance & low maintenance vehicles and economical and long-lasting plastic coatings solutions are likely to accelerate market share.
 

Changing consumer perceptions on low maintenance vehicles and rising demand for economical coating solutions is likely to boost product demand. Automotive coatings are easy to apply, economical and provide long lasting solutions. These solutions also aid in improving shine and aesthetic appeal as it enhances metallic colors on vehicles which is likely to boost automotive coatings market share.
 

Automotive Coatings Market Outlook

Automotive coating solutions provide enhanced protection from environmental aggressors such as rust, water, snow, and moisture. Consumers are rapidly moving towards these products as they help in proper maintenance of vehicles even after rough use. Industry players are rapidly investing in introducing economical and high-performance solutions to remain competitive.
 

Increasing trends pertaining to automobile renovation, custom paint patterns and vinyl’s is likely to promote the use of automotive coating solutions. These products help in protecting and enhancing custom paint coatings in vehicles thus increasing visibility and lifespan of expensive paint customizations. Furthermore, these coatings also protect from general wear & tear and protects paint from prolonged exposure to sun which is likely to augment the automotive coatings market.
 

Stringent regulations in Europe and North America on use of harmful chemicals and strict compliances on labeling is increasing competition in the automotive coatings market. Industry players are rapidly innovating their product line in an attempt to manufacture solutions that exceed current safety norms. Furthermore, manufacturers are also introducing customized solutions in an attempt to remain competitive in post corona economy.
 

 

Industry players in Switzerland are rapidly engaged in providing high quality lacquered and environment friendly solutions in an attempt to boost brand equity. Berlac Group in Switzerland is engaged in manufacturing high quality automotive solutions, its specialty includes high precision coatings for metal & plastic components in vehicles. The firm also provides high quality lacquer solutions for automobiles for enhancing aesthetic appearances and is also investing in developing green coating solutions.
 

Increasing cases of COVID – 19 and decrease in sales of automobiles are likely to restrict market growth. Industry players are rapidly entering into long term contracts with suppliers in an attempt to retain their customer base. Furthermore, reduced expenditure towards customizing vehicles and strict lockdown measures are likely to hinder the automotive coatings market growth in short and medium run.
 

Automotive Coatings Market Analysis

 Automotive Coatings Market from UV-cured Technology

UV-cured technology segment is likely to grow with CAGR of over 5% through 2026. UV-cured automotive coatings protect paint from fading away due to prolonged exposure by sun. It also protects vehicles from other environmental susceptibilities such as rust, acid rain, chemicals, dirt, and moisture. Consumers are rapidly moving towards adopting high performance solutions to reduce maintenance costs in the long run, thus boosting automotive coatings market share.
 

Increasing competition in automotive industry and rapid adoption of high-quality coating solutions to improve vehicle aesthetics is likely to boost the automotive coatings market demand. Industry players are developing economical UV-cured solutions that only protect vehicles from environmental aggressors but also provide shine and minimalistic aesthetic look. Additionally, manufacturers are developing dual solutions with the same price point in an attempt to market their products to a wide consumer base.
 

Automotive Coatings Market from Metal

Automotive coatings market from metal is likely to surpass USD 21 billion by the end of 2026 owing to shifting sustainability trends and adoption of economical products. These coatings provide high protection from wear & tear, rust, air, and water as they protect paint and original vehicle frame. Additionally, metal coatings provide better longevity, durability and performance at extreme climatic conditions.
 

Industry players are rapidly investing in diversifying their product portfolio with metal coating alternatives to boost sustainability measures. These coatings can be processed in a cost-effective manner, and they also have low residual toxicity levels. Additionally, these coatings solutions are temperature feasible and can be easily customized with respect to the desires look – matte or shiny, further increasing their demand across numerous applications.
 

Automotive Coatings Market from Light Vehicles

Automotive coatings market from light vehicle is likely to surpass USD 12 billion by the end of 2026 owing to increasing demand for fuel efficient and light vehicles. Automotive paints and coatings are widely used to protect the metallic light body from rust, prolonged exposure to sun, snow, and moisture. Additionally, industry players are rapidly investing in producing targeted solutions to capitalize on emerging trends.
 

Rapid demand for light vehicles with low maintenance and increasing inclination for economical solutions is likely to boost consumption rate. Furthermore, these solutions also help in increasing the aesthetic appeal by giving the vehicle a minimalistic look which is likely to foster the automotive coatings market share.
 

Automotive Coatings Market by Region

North America is likely to grow with CAGR of over 4.5% through 2026 owing to shift towards low maintenance vehicles. Consumers in the region are rapidly adopting durable & high-performance coating solutions to protect their vehicles from rust, moisture, and rain during rough winter conditions which is likely to augment the automotive coatings market revenue.
 

Industry players in the region are rapidly moving towards producing innovative & targeted solutions for different automobile segments. Additionally, increasing trend towards customizing old vehicles in this region is likely to boost the regional business. These products are widely used to increase life of base coat paint and to add shiny aesthetic appeal.
 

Automotive Coatings Market Share

Global automotive coatings industry is fragmented and major players include

  • BASF SE
  • PPG Industries
  • Bayer AG
  • Nippon Paint Holdings
  • AkzoNobel N.V.
  • Sherwin Williams Company
  • Arkema SA
  • Cabot Corporation
  • Jotun
  • Lord Corporation
  • Solvay S.A.

Manufacturers are rapidly investing in new product development & offering targeted solutions in an attempt to stay competitive in post COVID economy and strengthen brand equity.
 

In January 2018, BASF SE & Sirrus announced a joint collaboration to develop new class of automotive coating solutions based on proprietary methylene malonate technology. This new product line will aid in boosting the firm’s sustainability trends along with increasing safety and reducing overall manufacturing cost.
 

The automotive coatings market report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Kilo Tons) and revenue (USD Million) from 2015 to 2026, for the following segments:

By Technology

  • Solvent borne
  • Waterborne
  • UV – Cured

By Product

  • Primer
  • Electrocoat
  • Basecoat
  • Clearcoat

By Application

  • Metals
  • Plastic

By End-Use

  • Light vehicle OEM
  • Commercial OEM
  • Automotive Refinish

The above information has been provided for the following regions:

By Region

  • North America
    • U.S.
  • Europe
    • Germany
  • Asia Pacific
    • China
    • India
  • Latin America
    • Brazil
  • Middle East & Africa (MEA)

 

Authors: Kiran Pulidindi, Kunal Ahuja
Automotive Coatings Market Scope
  • Automotive Coatings Market Size
  • Automotive Coatings Market Trends
  • Automotive Coatings Market Analysis
  • Automotive Coatings Market Share

Report Content

Chapter 1    Methodology & Scope

1.1    Market Definitions

1.2    Base estimates & calculations

1.3    Forecast calculations

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid sources

1.4.2.2    Public sources

Chapter 2    Executive Summary

2.1    Automotive coatings industry 3600 synopsis, 2015 - 2026

2.1.1    Business Trends

2.1.2    Product Trends

2.1.3    Technology Trends

2.1.4    Application Trends

2.1.5    End-use Trends

2.1.6    Regional Trends

Chapter 3    Automotive Coatings Market Industry Insights

3.1    Industry segmentation

3.2    Industry ecosystem analysis

3.2.1    Vendor matrix

3.2.2    Distribution channel analysis

3.2.3    COVID – 19 impact on supply chain

3.3    Industry best practices & key buying criteria

3.4    Raw material analysis, COVID-19 impact on supply

3.4.1    Titanium dioxide

3.4.2    Epoxy resin

3.4.3    Polyurethane

3.5    Cost structure analysis

3.6    Regulatory landscape

3.6.1    U.S.

3.6.2    Europe

3.6.3    China

3.7    Technology landscape

3.8    Industry impact forces

3.8.1    Growth drivers

3.8.1.1    Growing automotive industry in Asia Pacific

3.8.1.2    Increasing waterborne coatings demand in Europe

3.8.2    Industry pitfalls and challenges

3.8.2.1    Fluctuating raw material prices

3.9    Innovation & sustainability

3.10    Growth potential analysis, 2019

3.10.1    Emerging business model

3.11    Porter’s analysis

3.12    Competitive landscape, 2019

3.12.1    Company market share analysis, 2019

3.12.2    Top players overview

3.12.3    Strategy dashboard

3.12.4    Impact of COVID-19 on consumer buying behavior

3.13    PESTEL analysis

3.14    Impact of COVID-19 on Automotive Coatings demand, by application

3.14.1    Metals

3.14.2    Plastics

3.15    Impact of COVID-19 on global economy

Chapter 4    Automotive Coatings Market, By Product

4.1    Key product trends

4.2    Primer

4.2.1    Global automotive primer market estimates and forecast, 2015-2026, (Kilo Tons) (USD Million)

4.2.2    Global automotive primer market, by region, 2015-2026, (Kilo Tons) (USD Million)

4.3    E-coat

4.3.1    Global automotive E-coat market estimates and forecast, 2015-2026, (Kilo Tons) (USD Million)

4.3.2    Global automotive E-coat market, by region, 2015-2026, (Kilo Tons) (USD Million)

4.4    Basecoat

4.4.1    Global automotive Basecoat market estimates and forecast, 2015-2026, (Kilo Tons) (USD Million)

4.4.2    Global automotive Basecoat market, by region, 2015-2026, (Kilo Tons) (USD Million)

4.5    Clearcoat

4.5.1    Global automotive Clearcoat market estimates and forecast, 2015-2026, (Kilo Tons) (USD Million)

4.5.2    Global automotive Clearcoat market, by region, 2015-2026, (Kilo Tons) (USD Million)

Chapter 5    Automotive Coatings Market, By Technology

5.1    Key technology trends

5.2    Waterborne coatings

5.2.1    Global Waterborne automotive coatings market estimates and forecast, 2015-2026, (Kilo Tons) (USD Million)

5.2.2    Global Waterborne automotive coatings market, by region, 2015-2026, (Kilo Tons) (USD Million)

5.3    Solventborne Coatings

5.3.1    Global solventborne automotive coatings market estimates and forecast, 2015-2026, (Kilo Tons) (USD Million)

5.3.2    Global solventborne automotive coatings market, by region, 2015-2026, (Kilo Tons) (USD Million)

5.4    UV-Cured Coatings

5.4.1    Global UV-cured automotive coatings market estimates and forecast, 2015-2026, (Kilo Tons) (USD Million)

5.4.2    Global UV-cured automotive coatings market, by region, 2015-2026, (Kilo Tons) (USD Million)

Chapter 6    Automotive Coatings Market, By Application

6.1    Key application trends

6.2    Metal

6.2.1    Global automotive coatings market estimates and forecast from metal applications, 2015-2026, (Kilo Tons) (USD Million)

6.2.2    Global automotive coatings market from metal applications, by region, 2015-2026, (Kilo Tons) (USD Million)

6.3    Plastics

6.3.1    Global automotive coatings market estimates and forecast from Plastics applications, 2015-2026, (Kilo Tons) (USD Million)

6.3.2    Global automotive coatings market from Plastics applications, by region, 2015-2026, (Kilo Tons) (USD Million)

Chapter 7    Automotive Coatings Market, By End-use

7.1    Key end-use trends

7.2    Light vehicle OEM

7.2.1    Global automotive coatings market estimates and forecast from light vehicle OEM end-use, 2015-2026, (Kilo Tons) (USD Million)

7.2.2    Global automotive coatings market from light vehicle OEM end-use, by region, 2015-2026, (Kilo Tons) (USD Million)

7.3    Commercial OEM

7.3.1    Global automotive coatings market estimates and forecast from Commercial OEM end-use, 2015-2026, (Kilo Tons) (USD Million)

7.3.2    Global automotive coatings market from Commercial OEM end-use, by region, 2015-2026, (Kilo Tons) (USD Million)

7.4    Automotive refinish

7.4.1    Global automotive coatings market estimates and forecast from Automotive refinish end-use, 2015-2026, (Kilo Tons) (USD Million)

7.4.2    Global automotive coatings market from Automotive refinish end-use, by region, 2015-2026, (Kilo Tons) (USD Million)

Chapter 8    Automotive Coatings Market, By Region

8.1    Key region trends

8.2    North America

8.2.1    North America Automotive Coatings market estimates & forecast, 2015 - 2026 (Kilo Tons) (USD Million)

8.2.2    North America Automotive Coatings market, by product, 2015 - 2026, (Kilo Tons) (USD Million)

8.2.3    North America Automotive Coatings market by technology, 2015 - 2026, (Kilo Tons) (USD Million)

8.2.4    North America Automotive Coatings market by application, 2015 - 2026, (Kilo Tons) (USD Million)

8.2.5    North America Automotive Coatings market by end-use, 2015 - 2026, (Kilo Tons) (USD Million)

8.2.6    U.S.

8.2.6.1    U.S. Automotive Coatings market estimates & forecast, 2015 - 2026 (Kilo Tons) (USD Million)

8.2.6.2    U.S. Automotive Coatings market, by product, 2015 - 2026, (Kilo Tons) (USD Million)

8.2.6.3    U.S. Automotive Coatings market by technology, 2015 - 2026, (Kilo Tons) (USD Million)

8.2.6.4    U.S. Automotive Coatings market by application, 2015 - 2026, (Kilo Tons) (USD Million)

8.2.6.5    U.S. Automotive Coatings market by end-use, 2015 - 2026, (Kilo Tons) (USD Million)

8.3    Europe

8.3.1    Europe Automotive Coatings market estimates & forecast, 2015 - 2026 (Kilo Tons) (USD Million)

8.3.2    Europe Automotive Coatings market, by product, 2015 - 2026, (Kilo Tons) (USD Million)

8.3.3    Europe Automotive Coatings market by technology, 2015 - 2026, (Kilo Tons) (USD Million)

8.3.4    Europe Automotive Coatings market by application, 2015 - 2026, (Kilo Tons) (USD Million)

8.3.5    Europe Automotive Coatings market by end-use, 2015 - 2026, (Kilo Tons) (USD Million)

8.3.6    Germany

8.3.6.1    Germany Automotive Coatings market estimates & forecast, 2015 - 2026 (Kilo Tons) (USD Million)

8.3.6.2    Germany Automotive Coatings market, by product, 2015 - 2026, (Kilo Tons) (USD Million)

8.3.6.3    Germany Automotive Coatings market by technology, 2015 - 2026, (Kilo Tons) (USD Million)

8.3.6.4    Germany Automotive Coatings market by application, 2015 - 2026, (Kilo Tons) (USD Million)

8.3.6.5    Germany Automotive Coatings market by end-use, 2015 - 2026, (Kilo Tons) (USD Million)

8.4    Asia Pacific

8.4.1    Asia Pacific Automotive Coatings market estimates & forecast, 2015 - 2026 (Kilo Tons) (USD Million)

8.4.2    Asia Pacific Automotive Coatings market, by product, 2015 - 2026, (Kilo Tons) (USD Million)

8.4.3    Asia Pacific Automotive Coatings market by technology, 2015 - 2026, (Kilo Tons) (USD Million)

8.4.4    Asia Pacific Automotive Coatings market by application, 2015 - 2026, (Kilo Tons) (USD Million)

8.4.5    Asia Pacific Automotive Coatings market by end-use, 2015 - 2026, (Kilo Tons) (USD Million)

8.4.6    China

8.4.6.1    China Automotive Coatings market estimates & forecast, 2015 - 2026 (Kilo Tons) (USD Million)

8.4.6.2    China Automotive Coatings market, by product, 2015 - 2026, (Kilo Tons) (USD Million)

8.4.6.3    China Automotive Coatings market by technology, 2015 - 2026, (Kilo Tons) (USD Million)

8.4.6.4    China Automotive Coatings market by application, 2015 - 2026, (Kilo Tons) (USD Million)

8.4.6.5    China Automotive Coatings market by end-use, 2015 - 2026, (Kilo Tons) (USD Million)

8.4.7    India

8.4.7.1    India Automotive Coatings market estimates & forecast, 2015 - 2026 (Kilo Tons) (USD Million)

8.4.7.2    India Automotive Coatings market, by product, 2015 - 2026, (Kilo Tons) (USD Million)

8.4.7.3    India Automotive Coatings market by technology, 2015 - 2026, (Kilo Tons) (USD Million)

8.4.7.4    India Automotive Coatings market by application, 2015 - 2026, (Kilo Tons) (USD Million)

8.4.7.5    India Automotive Coatings market by end-use, 2015 - 2026, (Kilo Tons) (USD Million)

8.5    Latin America (LATAM)

8.5.1    Latin America (LATAM) Automotive Coatings market estimates & forecast, 2015 - 2026 (Kilo Tons) (USD Million)

8.5.2    Latin America (LATAM) Automotive Coatings market, by product, 2015 - 2026, (Kilo Tons) (USD Million)

8.5.3    Latin America (LATAM) Automotive Coatings market by technology, 2015 - 2026, (Kilo Tons) (USD Million)

8.5.4    Latin America (LATAM) Automotive Coatings market by application, 2015 - 2026, (Kilo Tons) (USD Million)

8.5.5    Latin America (LATAM) Automotive Coatings market by end-use, 2015 - 2026, (Kilo Tons) (USD Million)

8.5.6    Brazil

8.5.6.1    Brazil Automotive Coatings market estimates & forecast, 2015 - 2026 (Kilo Tons) (USD Million)

8.5.6.2    Brazil Automotive Coatings market, by product, 2015 - 2026, (Kilo Tons) (USD Million)

8.5.6.3    Brazil Automotive Coatings market by technology, 2015 - 2026, (Kilo Tons) (USD Million)

8.5.6.4    Brazil Automotive Coatings market by application, 2015 - 2026, (Kilo Tons) (USD Million)

8.5.6.5    Brazil Automotive Coatings market by end-use, 2015 - 2026, (Kilo Tons) (USD Million)

8.6    Middle East & Africa (MEA)

8.6.1    Middle East & Africa (MEA) Automotive Coatings market estimates & forecast, 2015 - 2026 (Kilo Tons) (USD Million)

8.6.2    Middle East & Africa (MEA) Automotive Coatings market, by product, 2015 - 2026, (Kilo Tons) (USD Million)

8.6.3    Middle East & Africa (MEA) Automotive Coatings market by technology, 2015 - 2026, (Kilo Tons) (USD Million)

8.6.4    Middle East & Africa (MEA) Automotive Coatings market by application, 2015 - 2026, (Kilo Tons) (USD Million)

8.6.5    Middle East & Africa (MEA) Automotive Coatings market by end-use, 2015 - 2026, (Kilo Tons) (USD Million)

Chapter 9    Company Profiles

9.1    Axalta Coatings Systems LLC

9.1.1    Business Overview

9.1.2    Financial Data

9.1.3    Product Landscape

9.1.4    SWOT Analysis

9.1.5    Strategic Outlook

9.2    BASF SE

9.2.1    Business Overview

9.2.2    Financial Data

9.2.3    Product Landscape

9.2.4    SWOT Analysis

9.2.5    Strategic Outlook

9.3    PPG Industries, Inc.

9.3.1    Business Overview

9.3.2    Financial Data

9.3.3    Product Landscape

9.3.4    SWOT Analysis

9.3.5    Strategic Outlook

9.4    Kansai Paint Co., Ltd.

9.4.1    Business Overview

9.4.2    Financial Data

9.4.3    Product Landscape

9.4.4    SWOT Analysis

9.4.5    Strategic Outlook

9.5    Nippon Paint Holdings Co., Ltd.

9.5.1    Business Overview

9.5.2    Financial Data

9.5.3    Product Landscape

9.5.4    SWOT Analysis

9.5.5    Strategic Outlook

9.6    Bayer AG

9.6.1    Business Overview

9.6.2    Financial Data

9.6.3    Product Landscape

9.6.4    SWOT Analysis

9.6.5    Strategic Outlook

9.7    KCC Corporation

9.7.1    Business Overview

9.7.2    Financial Data

9.7.3    Product Landscape

9.7.4    SWOT Analysis

9.7.5    Strategic Outlook

9.8    The Valspar Corporation

9.8.1    Business Overview

9.8.2    Financial Data

9.8.3    Product Landscape

9.8.4    SWOT Analysis

9.8.5    Strategic Outlook

9.9    AkzoNobel N.V.

9.9.1    Business Overview

9.9.2    Financial Data

9.9.3    Product Landscape

9.9.4    SWOT Analysis

9.9.5    Strategic Outlook

9.10    The Sherwin-Williams Company

9.10.1    Business Overview

9.10.2    Financial Data

9.10.3    Product Landscape

9.10.4    SWOT Analysis

9.10.5    Strategic Outlook

9.11    Arkema SA

9.11.1    Business Overview

9.11.2    Financial Data

9.11.3    Product Landscape

9.11.4    SWOT Analysis

9.11.5    Strategic Outlook

9.12    Becker Industrial Coatings Ltd.

9.12.1    Business Overview

9.12.2    Financial Data

9.12.3    Product Landscape

9.12.4    SWOT Analysis

9.12.5    Strategic Outlook

9.13    Berger Paints India Limited

9.13.1    Business Overview

9.13.2    Financial Data

9.13.3    Product Landscape

9.13.4    SWOT Analysis

9.13.5    Strategic Outlook

9.14    Cabot Corporation

9.14.1    Business Overview

9.14.2    Financial Data

9.14.3    Product Landscape

9.14.4    SWOT Analysis

9.14.5    Strategic Outlook

9.15    Clariant

9.15.1    Business Overview

9.15.2    Financial Data

9.15.3    Product Landscape

9.15.4    SWOT Analysis

9.15.5    Strategic Outlook

9.16    Eastman Chemical Company

9.16.1    Business Overview

9.16.2    Financial Data

9.16.3    Product Landscape

9.16.4    SWOT Analysis

9.16.5    Strategic Outlook

9.17    Jotun

9.17.1    Business Overview

9.17.2    Financial Data

9.17.3    Product Landscape

9.17.4    SWOT Analysis

9.17.5    Strategic Outlook

9.18    DSM

9.18.1    Business Overview

9.18.2    Financial Data

9.18.3    Product Landscape

9.18.4    SWOT Analysis

9.18.5    Strategic Outlook

9.19    Solvay S.A.

9.19.1    Business Overview

9.19.2    Financial Data

9.19.3    Product Landscape

9.19.4    SWOT Analysis

9.19.5    Strategic Outlook

Authors: Kiran Pulidindi, Kunal Ahuja

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Base Year: 2019

Companies covered: 20

Tables & Figures: 166

Countries covered: 5

Pages: 130

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