HOME Top Market Reports Automotive Coating Market by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent-Borne, Water-Borne, Powder Coating), Coat Type (Clearcoat, Basecoat, Primer, E-Coat) - Global Forecast to 2021

Automotive Coating Market by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent-Borne, Water-Borne, Powder Coating), Coat Type (Clearcoat, Basecoat, Primer, E-Coat) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: September 2016
Report Code: CH 4570

 

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The global market size for automotive coating is projected to reach USD 16.24 Billion by 2021, registering a CAGR of 7.02% between 2016 and 2021. In this study, 2014 has been considered as the historical year and 2015 as the base year for estimating the market size, while the forecast period is between 2016 and 2021. In the current market scenario, there is a growing demand for automotive coatings in end-use industries. End-use industries are witnessing huge growth in emerging economies. Emerging economies such as China, India, and Brazil are the key markets for automotive coating. Emerging middle class population; changing life style; growing purchasing power parity (PPP); and improving standard of living of consumers in these economies are the key factors which drive the demand for automotive coating.

Objectives of the Study:

  • To define, describe, and forecast the global automotive coating market on the basis of resin type, technology, coat type, and region
  • To forecast the value of market segments with respect to five main regions (along with countries), namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa
  • To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the total market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies
  • To analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and Research & Development (R&D) in the automotive coating market
  • To analyze the opportunities in the market for the key players and details of the competitive landscape for the market leaders

This report aims to estimate the market size and future growth potential of the automotive coating market on the basis of resin, technology, coat, and region. It also aims to identify and analyze the key drivers, restraints, opportunities, and industry-specific challenges influencing the market. In addition, it analyzes the opportunities in the market for stakeholders and presents a competitive landscape for the market leaders.

Both, the top-down and bottom-up approaches have been used to estimate and validate the global market size and to estimate the sizes of various other dependent submarkets in the automotive coating market. The research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Chemical Weekly, OICA, Factiva, American Coating Association (ACA), World Paint & Coatings Industry Association (WPCIA), Canadian Paint and Coatings Association (CPCA), Indian Paint and Coating Association (IPCA), National Paint & Coatings Association (NPCA), and other government and private & company websites to identify and collect information useful for the technical, market-oriented, and commercial study of the global automotive coating market. After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below provides a breakdown of primary interviews conducted during the research study based on company type, designation, and region.

Automotive Coating Market

To know about the assumptions considered for the study, download the pdf brochure

The automotive coating market has a diversified and established ecosystem of upstream players such as raw material suppliers and downstream stakeholders such as manufacturers, vendors, and end users. BASF SE (Germany), Axalta Coating Systems (U.S.), PPG Industries, Inc. (U.S.), Kansai Paint Co., Ltd (Japan), and Nippon Paint Holdings Co., Ltd. (Japan) are the leading automotive coating manufacturers and suppliers.

Key Target Audience:

  • Automotive coating manufacturers
  • Raw material suppliers
  • Traders, distributors, and suppliers of automotive coating
  • Regional manufacturers’ associations and general coating associations
  • Government and regional agencies and research organizations
  • Investment research firms

Scope of the Report:

This research report categorizes the global automotive coating market based on resin type, technology type, coat type, and region.

Based on Resin Type:

  • Polyurethane
  • Epoxy
  • Acrylic
  • Others

Based on Technology Type:

  • Solvent-borne
  • Water-borne
  • Powder coating & others

Based on Coat Type:

  • Clearcoat
  • Basecoat
  • E-coat
  • Primer

Based on Region:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

The market is further analyzed for the key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the automotive coating market, by coat type and technology type

Company Information:

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Markets Covered
           1.2.2 Years Considered for the Study
    1.3 Currency and Pricing
    1.4 Package Size
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Key Data From Primary Sources
           2.3.2 Key Industry Insights
           2.3.3 Breakdown of Primary Interviews
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions and Limitations
           2.6.1 Assumptions
           2.6.2 Limitations

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in Automotive Coating Market
    4.2 Automotive Coating Market Growth, By Resin Type
    4.3 Automotive Coating Market, By Coat Type
    4.4 Automotive Coating Market, Developed vs Developing Countries
    4.5 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                     5.2.1.1 Increasing Demand From End-Use Industry in Asia-Pacific
                     5.2.1.2 Green, Environment-Friendly & Healthier Coating Systems
                     5.2.1.3 Benefits of Automotive Coating
           5.2.2 Restraints
                     5.2.2.1 Volatility of Raw Material Prices
                     5.2.2.2 Environmental Regulation in Developed Nations
           5.2.3 Opportunities
                     5.2.3.1 Advancement in Coating Technology
                     5.2.3.2 Process Optimization
           5.2.4 Challenges
                     5.2.4.1 Changes in Consumer Demand

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Intensity of Competitive Rivalry

7 Automotive Coating Market, By Resin Type* (Page No. - 49)
    7.1 Introduction
    7.2 Polyurethane
           7.2.1 Overview
           7.2.2 Market Analysis, By Region
    7.3 Epoxy
           7.3.1 Overview
           7.3.2 Solid
           7.3.3 Liquid
           7.3.4 Solution
           7.3.5 Market Analysis, By Region
    7.4 Acrylic
           7.4.1 Overview
           7.4.2 Market Analysis, By Region
    7.5 Others
           7.5.1 Overview
           7.5.2 Melamine
           7.5.3 Saturated Polyester Resin
           7.5.4 Alkyd
           7.5.5 Market Analysis, By Region

8 Automotive Coating Market, By Technology* (Page No. - 57)
    8.1 Introduction
    8.2 Solvent-Borne
           8.2.1 Overview
           8.2.2 Advantages and Disadvantages
           8.2.3 High Solids
           8.2.4 Market Analysis, By Region
    8.3 Water-Borne
           8.3.1 Overview
           8.3.2 Types of Water-Borne Coatings
           8.3.3 Advantages and Disadvantages
           8.3.4 Market Analysis, By Region
    8.4 Powder Coating and Others
           8.4.1 Overview
           8.4.2 Market Analysis, By Region

9 Automotive Coating Market, By Coat Type* (Page No. - 66)
    9.1 Introduction
           9.1.1 Overview
           9.1.2 Internal Coating
                        9.1.2.1 Steering Wheels
                        9.1.2.2 Underbody
                        9.1.2.3 Door Interior Frames
                        9.1.2.4 Others
           9.1.3 External Coating
                        9.1.3.1 Bonnet
                        9.1.3.2 Door
                        9.1.3.3 Side Panel
                        9.1.3.4 Others
    9.2 E-Coat
           9.2.1 Overview
           9.2.2 Market Analysis, By Region
    9.3 Primer
           9.3.1 Overview
           9.3.2 Market Analysis, By Region
    9.4 Basecoat
           9.4.1 Overview
           9.4.2 Market Analysis, By Region
    9.5 Clearcoat
           9.5.1 Overview
           9.5.2 Market Analysis, By Region

10 Automotive Coating Market, By Region (Page No. - 74)
     10.1 Introduction
               10.1.1 Market Analysis, By Region
     10.2 Asia-Pacific
               10.2.1 Market Analysis, By Resin Type
               10.2.2 Market Analysis, By Technology
               10.2.3 Market Analysis, By Coat Type
               10.2.4 Market Analysis, By Country
               10.2.5 China
                           10.2.5.1 China Macroeconomic Indicators
               10.2.6 Japan
                           10.2.6.1 Japan Macroeconomic Indicators
               10.2.7 South Korea
                           10.2.7.1 South Korea Macroeconomic Indicators
               10.2.8 India
                           10.2.8.1 India Macroeconomic Indicators
               10.2.8 Thailand
                           10.2.9.1 Thailand Macroeconomic Indicators
               10.2.10 Indonesia
                           10.2.10.1 Indonesia Macroeconomic Indicators
               10.2.11 Malaysia
                           10.2.11.1 Malaysia Macroeconomic Indicators
               10.2.12 Rest of Asia-Pacific
     10.3 North America
               10.3.1 Market Analysis, By Resin Type
               10.3.2 Market Analysis, By Technology
               10.3.3 Market Analysis, By Coat Type
               10.3.4 Market Analysis, By Country
               10.3.5 U.S.
                           10.3.5.1 U.S. Macroeconomic Indicators
               10.3.6 Canada
                           10.3.6.1 Canada Macroeconomic Indicators
               10.3.7 Mexico
                           10.3.7.1 Mexico Macroeconomic Indicators
     10.4 Europe
               10.4.1 Market Analysis, By Resin Type
               10.4.2 Market Analysis, By Technology
               10.4.3 Market Analysis, By Coat Type
               10.4.4 Market Analysis, By Country
               10.4.5 Germany
                           10.4.5.1 Germany Macroeconomic Indicators
               10.4.6 Russia
                           10.4.6.1 Russia Macroeconomic Indicators
               10.4.7 Turkey
                           10.4.7.1 Turkey Macroeconomic Indicators
               10.4.8 Spain
                           10.4.8.1 Spain Macroeconomic Indicators
               10.4.9 U.K.
                           10.4.9.1 U.K. Macroeconomic Indicators
               10.4.10 France
                           10.4.10.1 France Macroeconomic Indicators
               10.4.11 Rest of Europe
     10.5 South America
               10.5.1 Market Analysis, By Resin Type
               10.5.2 Market Analysis, By Technology
               10.5.3 Market Analysis, By Coat Type
               10.5.4 Market Analysis, By Country
               10.5.5 Brazil
                           10.5.5.1 Brazil Macroeconomic Indicators
               10.5.6 Argentina
                           10.5.6.1 Argentina Macroeconomic Indicators
               10.5.7 Colombia
                           10.5.7.1 Colombia Macroeconomic Indicators
               10.5.8 Rest of South America
     10.6 Middle East & Africa
               10.6.1 Market Analysis, By Resin Type
               10.6.2 Market Analysis, By Technology
               10.6.3 Market Analysis, By Coat Type
               10.6.4 Market Analysis, By Country
               10.6.5 South Africa
                           10.6.5.1 South Africa Macroeconomic Indicators
               10.6.6 Morocco
                           10.6.6.1 Morocco Macroeconomic Indicators
               10.6.7 Egypt
                           10.6.7.1 Egypt Macroeconomic Indicators
               10.6.8 Rest of the Middle East & Africa

11 Competitive Landscape (Page No. - 116)
     11.1 Overview
     11.2 Investments & Expansions
     11.3 Contracts & Agreements
     11.4 New Product Launches
     11.5 Joint Ventures
     11.6 Partnerships

12 Company Profiles** (Page No. - 120)
     12.1 BASF SE
     12.2 Axalta Coating Systems
     12.3 PPG Industries, Inc.
     12.4 Kansai Paint Co., Ltd
     12.5 Nippon Paint Holdings Co., Ltd.
     12.6 The Valspar Corporation
     12.7 KCC Corporation
     12.8 The Sherwin-Williams Company
     12.9 Akzonobel N.V.
     12.10 Jotun A/S

13 Appendix (Page No. - 142)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Ntroducing RT : Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports

*Market Analysis/Data Might Not Be Provided in the Report for Second Level Segmentation (E.G. Chapter 7.5, 8.2 & 9.1). the Sub-Segmentation is Provided to Understand Scope/Definition of Each Segment. However, Market Size & Insight for These Segments Can Be Provided in Additional Customization/Consult Study.

**Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.


List of Tables (101 Tables)

Table 1 Automotive Coating Market Snapshot (2016 vs 2021)
Table 2 Car Production Data
Table 3 Automotive Coating VOC Content Limit:
Table 4 List of Major Suppliers of Automotive Coating Component/Technology
Table 5 Automotive Coating Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 6 Automotive Coating Market Size, By Resin Type, 2014–2021 (USD Million)
Table 7 Polyurethane Automotive Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 8 Polyurethane Automotive Coating Market Size, By Region, 2014–2021 (USD Million)
Table 9 Epoxy Automotive Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 10 Epoxy Automotive Coating Market Size, By Region, 2014–2021 (USD Million)
Table 11 Acrylic Automotive Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 12 Acrylic Automotive Coating Market Size, By Region, 2014–2021 (USD Million)
Table 13 Other Resins Automotive Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 14 Other Resins Automotive Coating Market Size, By Region, 2014–2021 (USD Million)
Table 15 Automotive Coating Market Size, By Technology, 2014–2021 (Kiloton)
Table 16 Automotive Coating Market Size, By Technology, 2014–2021 (USD Million)
Table 17 Solvent-Borne Automotive Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 18 Solvent-Borne Automotive Coating Market Size, By Region, 2014–2021 (USD Million)
Table 19 Water-Borne Automotive Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 20 Water-Borne Automotive Coating Market Size, By Region, 2014–2021 (USD Million)
Table 21 Powder Coating & Other Automotive Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 22 Powder Coating & Other Automotive Coating Market Size, By Region, 2014–2021 (USD Million)
Table 23 Automotive Coating Market Size, By Coat Type, 2014–2021 (Kiloton)
Table 24 Automotive Coating Market Size, By Coat Type, 2014–2021 (USD Million)
Table 25 E-Coat Automotive Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 26 E-Coat Automotive Coating Market Size, By Region, 2014–2021 (USD Million)
Table 27 Primer Automotive Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 28 Primer Automotive Coating Market Size, By Region, 2014–2021 (USD Million)
Table 29 Basecoat Automotive Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 30 Basecoat Automotive Coating Market Size, By Region, 2014–2021 (USD Million)
Table 31 Clearcoat Automotive Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 32 Clearcoat Automotive Coating Market Size, By Region, 2014–2021 (USD Million)
Table 33 Automotive Coating Market Size, By Region, 2014–2021 (Kiloton)
Table 34 Automotive Coating Market Size, By Region, 2014–2021 (USD Million)
Table 35 Asia-Pacific: Automotive Coating Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 36 Asia-Pacific: Automotive Coating Market Size, By Resin Type, 2014–2021 (USD Million)
Table 37 Asia-Pacific: Automotive Coating Market Size, By Technology, 2014–2021 (Kiloton)
Table 38 Asia-Pacific: Automotive Coating Market Size, By Technology, 2014–2021 (USD Million)
Table 39 Asia-Pacific: Automotive Coating Market Size, By Coat Type, 2014–2021 (Kiloton)
Table 40 Asia-Pacific: Automotive Coating Market Size, By Coat Type, 2014–2021 (USD Million)
Table 41 Asia-Pacific: Automotive Coating Market Size, By Country, 2014–2021 (Kiloton)
Table 42 Asia-Pacific: Automotive Coating Market Size, By Country, 2014–2021 (USD Million)
Table 43 China Macroeconomic Indicators, 2010–2014
Table 44 Japan Macroeconomic Indicators, 2010–2014
Table 45 South Korea Macroeconomic Indicators, 2010–2014
Table 46 India Macroeconomic Indicators, 2010–2014
Table 47 Thailand Macroeconomic Indicators, 2010–2014
Table 48 Indonesia Macroeconomic Indicators
Table 49 Malaysia Macroeconomic Indicators
Table 50 North America: Automotive Coating Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 51 North America: Automotive Coating Market Size, By Resin Type, 2014–2021 (USD Million)
Table 52 North America: Automotive Coating Market Size, By Technology, 2014–2021 (Kiloton)
Table 53 North America: Automotive Coating Market Size, By Technology, 2014–2021 (USD Million)
Table 54 North America: Automotive Coating Market Size, By Coat Type, 2014–2021 (Kiloton)
Table 55 North America: Automotive Coating Market Size, By Coat Type, 2014–2021 (USD Million)
Table 56 North America: Automotive Coating Market Size, By Country, 2014–2021 (Kiloton)
Table 57 North America: Automotive Coating Market Size, By Country, 2014–2021 (USD Million)
Table 58 U.S. Macroeconomic Indicators, 2010–2014
Table 59 Canada Macroeconomic Indicators, 2010–2014
Table 60 Mexico Macroeconomic Indicators, 2010–2014
Table 61 Europe: Automotive Coating Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 62 Europe: Automotive Coating Market Size, By Resin Type, 2014–2021 (USD Million)
Table 63 Europe: Automotive Coating Market Size, By Technology, 2014–2021 (USD Million)
Table 64 Europe: Automotive Coating Market Size, By Technology, 2014–2021 (USD Million)
Table 65 Europe: Automotive Coating Market Size, By Coat Type, 2014–2021 (Kiloton)
Table 66 Europe: Automotive Coating Market Size, By Coat Type, 2014–2021 (USD Million)
Table 67 Europe: Automotive Coating Market Size, By Country, 2014–2021 (Kiloton)
Table 68 Europe: Automotive Coating Market Size, By Country, 2014–2021 (USD Million)
Table 69 Germany Macroeconomic Indicators, 2010–2014
Table 70 Russia Macroeconomic Indicators, 2010–2014
Table 71 Turkey Macroeconomic Indicators, 2010–2014
Table 72 Spain Macroeconomic Indicators
Table 73 U.K. Macroeconomic Indicators, 2010–2014
Table 74 France Macroeconomic Indicators, 2010–2014
Table 75 South America: Automotive Coating Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 76 South America: Automotive Coating Market Size, By Resin Type, 2014–2021 (USD Million)
Table 77 South America: Automotive Coating Market Size, By Technology, 2014–2021 (Kiloton)
Table 78 South America: Automotive Coating Market Size, By Technology, 2014–2021 (USD Million)
Table 79 South America: Automotive Coating Market Size, By Coat Type, 2014–2021 (Kiloton)
Table 80 South America: Automotive Coating Market Size, By Coat Type, 2014–2021 (USD Million)
Table 81 South America: Automotive Coating Market Size, By Country, 2014–2021 (Kiloton)
Table 82 South America: Automotive Coating Market Size, By Country, 2014–2021 (USD Million)
Table 83 Brazil Macroeconomic Indicators
Table 84 Argentina Macroeconomic Indicators
Table 85 Colombia Macroeconomic Indicators
Table 86 Middle East & Africa: Automotive Coating Market Size, By Resin Type, 2014–2021 (Kiloton)
Table 87 Middle East & Africa: Automotive Coating Market Size, By Resin Type, 2014–2021 (USD Million)
Table 88 Middle East & Africa: Automotive Coating Market Size, By Technology, 2014–2021 (Kiloton)
Table 89 Middle East & Africa: Automotive Coating Market Size, By Technology, 2014–2021 (USD Million)
Table 90 Middle East & Africa: Automotive Coating Market Size, By Coat Type, 2014–2021 (Kiloton)
Table 91 Middle East & Africa: Automotive Coating Market Size, By Coat Type, 2014–2021 (USD Million)
Table 92 Middle East & Africa: Automotive Coating Market Size, By Country, 2014–2021 (Kiloton)
Table 93 Middle East & Africa: Automotive Coating Market Size, By Country, 2014–2021 (USD Million)
Table 94 South Africa Macroeconomic Indicators
Table 95 Morocco Macroeconomic Indicators
Table 96 Egypt Macroeconomic Indicators
Table 97 Investments & Expansions, 2011–2016
Table 98 Contracts & Agreements, 2011–2016
Table 99 New Product Launches, 2011–2016
Table 100 Joint Ventures, 2011-2016
Table 101 Partnerships, 2011-2016
 
 
List of Figures (50 Figures)
 
Figure 1 Automotive Coating Market Segmentation
Figure 2 Automotive Coating Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Automotive Coating Market: Data Triangulation
Figure 6 Asia-Pacific Automotive Coating Market to Register Highest Growth During Forecast Period
Figure 7 Clear-Coat Segment to Witness High Growth Between 2016 and 2021
Figure 8 Epoxy Resin Segment to Register Highest CAGR in Automotive Coating Market During Forecast Period
Figure 9 Asia-Pacific Accounted for Largest Share of the Automotive Coating Market, 2015
Figure 10 Automotive Coating Market to Register A High CAGR  Between 2016 and 2021
Figure 11 Epoxy to Lead Automotive Coating Market, 2014–2021
Figure 12 Clearcoat Segment Accounted for the Largest Share of the Overall Market, 2015
Figure 13 Market in Developing Countries to Witness Rapid Growth
Figure 14 Asia-Pacific Expected to Witness Rapid Growth
Figure 15 Drivers, Restraints, Opportunities, and Challenges for Automotive Coating Market
Figure 16 Value Chain: Automotive Coating
Figure 17 Porter’s Five Forces Analysis
Figure 18 Polyurethane Resin to Dominate the Automotive Coating Market, 2016–2021
Figure 19 Advantages of Acrylic Resins
Figure 20 Other Resins and Their Properties
Figure 21 Solvent-Borne Technology to Be the Dominant Segment in the Automotive Coating Market
Figure 22 Automotive Coating Technologies
Figure 23 Waterborne Coatings Adoption in Markets, 1970 to Present
Figure 24 Water-Borne Coatings: Types
Figure 25 Powder Coating: Types
Figure 26 Clearcoat Segment to Dominate Automotive Coating Market, 2016–2021
Figure 27 Different Automotive Coating Layers
Figure 28 Asia-Pacific: Largest Market for Automotive Coating in 2015
Figure 29 Asia-Pacific: Attractive Destination for All Automotive Coating Resin
Figure 30 Water-Borne is the Dominant Technology in the Automotive Coating Market
Figure 31 Clearcoat Dominate the Global Automotive Coating Market
Figure 32 Asia-Pacific Market Snapshot: China Accounts for Largest Share of the Market in the Region
Figure 33 North America Market Snapshot: Clearcoat and Basecoat Segments to Drive Automotive Coating Market
Figure 34 Companies Adopted Investments & Expansions as the Key Growth Strategy Between 2011 and 2016
Figure 35 Market Evaluation Framework: Significant Number of Investments  & Expansions Fueled Growth and Innovation, 2011–2016
Figure 36 Battle for Market Share: Investments & Expansions Was the Key Strategy
Figure 37 BASF SE: Company Snapshot
Figure 38 BASF SE: SWOT Analysis
Figure 39 Axalta Coating Systems: Company Snapshot
Figure 40 Axalta Coating Systems: SWOT Analysis
Figure 41 PPG Industries, Inc.: Company Snapshot
Figure 42 PPG Industries, Inc.: SWOT Analysis
Figure 43 Kansai Paint Co., Ltd : Company Snapshot
Figure 44 Nippon Paint Holdings Co., Ltd.: Company Snapshot
Figure 45 Nippon Paint Holdings Co., Ltd.: SWOT Analysis
Figure 46 The Valspar Corporation: Company Snapshot
Figure 47 KCC Corporation: Company Snapshot
Figure 48 The Sherwin-Williams Company: Company Snapshot
Figure 49 Akzonobel N.V.: Company Snapshot
Figure 50 Jotun A/S: Company Snapshot

The global automotive coating market size is projected to reach USD 16.24 Billion by 2021, registering a CAGR of 7.02% between 2016 and 2021. The demand for different color & texture, enhancement of sales supportive policies, and increasing purchasing power parity (PPP) in emerging economies is driving the automotive coating market.

In 2015, the clearcoat segment accounted for the largest share, in terms of volume, of the overall automotive coating market. It is followed by primer, e-coat, and basecoat. Basecoat is projected to be the fastest-growing coat type in the automotive coating market during the forecast period. The high growth is as attributed to new and innovative technologies are being developed by automotive coating producers. In the new integrated system, the primer layer is omitted and is replaced with two layers of basecoat. One layer of basecoat absorbs UV radiation and other is advanced basecoat. This kind of technological developments are expected to drive the basecoat segment in automotive coating market.

Water-borne technology is projected to be the fastest-growing technology segment of the automotive coating market, globally, during the forecast period. This can be attributed to its low toxicity, low VOC levels, and low HAP emissions, which helps reduce air emission. North America and European countries have regulations which boost the use of eco-friendly technologies in coating systems. Hence, water-borne technology is expected to grow rapidly during the forecast period.

On the basis of resin type, polyurethane automotive coating is the largest segment in the overall market. This is due to their increasing use in topcoat (clearcoat and basecoat). Heat, corrosion, and impact resistance and flexibility of this resin makes it suitable for use in clearcoat and basecoat. Hence, polyurethane will remain the dominating segment.

Asia-Pacific is the fastest-growing automotive coating market, in terms of both value and volume. Countries such as China, South Korea, India, Indonesia, and Thailand are witnessing a gradual increase in the use of automotive coating in end-use industries. In 2015, China dominated the automotive coating market in Asia-Pacific. It is projected to remain the biggest market in the Asia-Pacific region due to its high economic growth rate, growing purchasing power, developing infrastructure, increasing demand from end-use industries, and the global shift in production capacity from the developed markets to this region. China is followed by South Korea and India.

Automotive Coating Market

Though the automotive coating market is gaining importance, few factors act as a bottleneck toward its growth. Volatility in raw material prices and regulations limiting the use of hazardous chemicals are the major restraints to the growth of the market.

Companies such as 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), and Jotun A/S (Norway) are the key market players in the global automotive coating market. Diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and advancement in technology are few factors that are responsible for strengthening the market position of these companies.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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