Automotive Paint Market Outlook To 2024: Key Technology Categories (Waterborne, Solvent-Borne, Powder Coating), Coat Type (Primer, Basecoat, Electrocoat, Clearcoat), Texture Type (Metallic, Solid), Vehicle Type (Heavy Duty Vehicles, Passenger Vehicles), Regional Segmentation, Competitive Dynamics, Pricing Analysis (OPP, IPP, RAP) And Segment Forecast

$3,650.00$6,650.00

Clear
  • Report Description
  • Table of Content
  • Highlight
  • Research Methodology
  • Request Free Sample

The global automotive paint market is expected to be valued at over $29 billion by 2024, growing at an estimated CAGR of 6.2% from 2017 to 2024.

 

Increased demands for an automotive vehicle in developing and developed countries are the major driving factor for the growth. Benefits from these paints like protecting the vehicle body from sunlight, dust, corrosion, scratches and improving appearance are the major factors for the demand. Increasing population and increase in economic status of the middle-class family is also boosting the growth.

 

Global Automotive Paint Market

 

Key Product Categories & Technologies

 

Automotive paints are having application in the vehicle interior and exterior and for almost every material used in an automobile such as lightweight steel, plastic, aluminum, metal alloys, fiber, and others. Global automotive paints can be classified mainly based on their type of coatings such as Electro-coat, Primer, Basecoat & Clear-coat, as per technology, Solvent & Waterborne, Powder Coating. Old coating techniques like, air dry varnish, are replaced with new cost-effective techniques such as air gun and high volume low pressure (HVLP) guns. In recent years, the focus of automobile industries is shifted towards spray technologies with minimal wastage, environment-friendly coatings such as low Volatile Organic Compounds (VOC), waterborne paints, zero VOC powder coating and futuristic UV coating. Such techniques help in significantly reducing the number of coating layers required.

 

A significant shift from solvent-based coating towards waterborne coating due to advantage over solvent borne coatings including less flammability, less toxicity along with environmental issues.  Waterborne coatings use water as a solvent to dissolve a resin, thus making these automotive coatings eco-friendly and easy to apply. Application of Waterborne in Automotive OEM is expected to grow at a CAGR of 8.3 from 2015 to 2024. The waterborne technology was valued at 3.5 billion USD in 2015.

 

Volatile organic compound free powder coatings are benefited from stricter environmental regulations and expected to show significant growth in automotive paint market. Primary usage areas include shock absorbers, oil & fuel filters, brake pads, engine block casings, battery trays, suspension components, radiators, wheels, grills, bumpers, door handles, roof racks, trailer hitches, and exterior and interior trim. The market size was estimated at over 465-kilo tons in 2015 and expected to grow 7.5% by 2024. Germany powder coatings demand was worth close to 305 million USD in 2015 and this technology expects to grow at a significant rate with over 4.8% CAGR by 2024.

 

The motor car market is one of the key segment for the growth of automotive paint market. Increased metallic paints to give sparkling, rich look and color customization is giving growing demand for electro-coat and expected to reach 4 billion USD by 2024 with a CAGR of 4.5%.

 

The main functions of the primer are to act as a leveler and protector and to make the base coat easier to apply. The basecoat is the layer applied to a vehicle body after electro-coat and primer layer. Basecoat is the fastest growing market compared to other types of coats with a CAGR of 7.28% from 2015 to 2024.

Technology Outlook

 

The major technology development targeted in automotive paint industry is to reduce the cost of the painting process. A few automakers have a target of reducing the painting process by up to 50%. Recently, a process that greatly reduces the primer and topcoat painting process by up to 30% has been developed and undergone extensive trials in Europe. The Eco-Concept eliminates the waterborne primer-surfacer process and combines both the primer-surfacer process with the basecoat/clearcoat process. This new process combines the color of the basecoat with a polyurethane dispersion in the first coat of the basecoat application. PPG has produced several innovative technologies to generate substantial savings in capital and operating costs like the Compact Paint Systems or Compact Paint Processes.

 

Top Players, Company Share, Competitive Dynamics & M&A Insights

 

The key players in automotive paint sector are BASF SE, Axalta Coating Systems, PPG Industries, Inc., Kansai Paint Co., Nippon Paint Holdings Co., Ltd, The Valspar Corporation, KCC Corporation, Sherwin-Williams, AkzoNobel, Berger Paints, and Jotun A/S.

 

Expansion in existing production capacity is essential to meet the market demand, BASF Shanghai Coatings Co. invests 140 million Euros for the new automotive coating plant at the existing Shanghai Chemical Industry Park in Caojing and is expected to start operation in the fourth quarter of 2017.

 

PPG Industries has marked the completion of a 7.8 million USD investment at its Coatings Innovation Center in Allison Park, Penn.which is exclusive to enhance the resources for creating and testing sealants, adhesives, and pretreatment solutions for training distributors, painters, and collision repair professionals to use the company’s automotive

 

Companies are following merging and acquisitions to increase their market scope, BASF has agreed to buy Albemarle’s Chemetall surface treatments business for 3.2 billion USD in 2016.

 

Growth Drivers & Restraints

 

Improved living standards and growing economy and increasing demand of luxurious vehicle are some of the dominant drivers for automotive paint. Whereas the governmental norms against volatile organic compound (VOC) automotive paint in Europe and North America is expected to boost the Low VOCs automotive paint market in these regions.  Strict environmental regulations, buying of used cars and usage of outdated coating technologies are the major restraints for the market growth.

 

Conclusions

 

Global automotive coatings market demand was 3.8 million tons in 2015 and is expected to exceed 5.5 million tons by 2024. Asia Pacific is the largest regional market and is expected to witness an estimated CAGR of 5.8% from 2015 to 2024, North America accounted for 22.8% of the global revenue share in 2015. Metal applications were dominant and accounted for over 70% of the total automotive coating market share in 2014.

 

This report provides factors about current markets trends, product category, technologies, and market drivers and M&A. Provides market and technology projections for the upcoming years including the present technology and trends.

 

This report provides comprehensive analysis of,

 

  • Market growth drivers
  • Top players
  • Product outlook
  • Technology outlook

Regional outlook

 

  • North America
  • Europe
  • Asia Pacific

Technology outlook

 

  • Water borne
  • Powder coating

 

Chapter 1 Methodology and Scope

  • Research Methodology
  • Research Scope & Assumptions
  • List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Automotive Paint Overview

  • Market Ecosystem
  • Key Stakeholders
  • Industry Trends & Analysis

Chapter 4 Automotive Paint Industry Outlook

  • Market Overview
  • Market Segmentation
  • Market Size & Growth Prospects
  • Market Analysis By Coat Type
  • Market Analysis By Technology
  • Market Analysis By Texture
  • Market Analysis By Content Type
  • Leading Brand Dynamics
  • Key Market Drivers
    • Increasing automotive sales in emerging countries
    • Growing demand for luxurious countries
  • Key Market Challenges/ Restraints
    • Stringent environment regulations
  • Key Market Opportunities
    • Capacity expansion by key industry participants
    • Technological advancements in paint formulations
  • Major Trends & Issues
  • Penetration & Growth Prospects
  • Industry Analysis - Porter’s
  • Automotive Paint Market-PESTEL Analysis
  • Technology Landscape

Chapter 5: Pipeline Intelligence

  • Executive Summary
  • Automotive ancillary segment
  • Development of paint protection films
  • Key R&D Trends
  • M&A Outlook

Chapter 6: Regional Market Outlook

  • Automotive Paint Market Landscape by Region- 2015
    • North America Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
      • U.S. Market Landscape Analysis, 2014-2024
      • Canada Market Landscape Analysis-2014-2024
    • Europe Market Landscape Analysis, 2014-2024 Kilo (Tons, USD Bn)
      • UK Market Landscape Analysis, 2014-2024
      • Germany Market Landscape Analysis, 2014-2024
      • France Market Landscape Analysis, 2014-2024
      • Italy Market Landscape Analysis, 2014-2024
      • Spain Market Landscape Analysis, 2014-2024
    • Latin America Market Landscape Analysis, 2014-2024 Kilo (Tons, USD Bn)
      • Brazil Market Landscape Analysis, 2014-2024
      • Mexico Market Landscape Analysis, 2014-2024
      • Colombia Market Landscape Analysis, 2014-2024
    • Asia Pacific Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
      • Japan Market Landscape Analysis, 2014-2024
      • China Market Landscape Analysis, 2014-2024
      • India Market Landscape Analysis, 2014-2024
    • Middle East & Africa Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Bn)
      • Saudi Arabia Market Landscape Analysis, 2014-2024
      • UAE Market Landscape Analysis, 2014-2024

Chapter 7: Pricing Analysis

  Optimal Price Points (OPP), Indifference Price Points (IPP) and Range of Acceptable Prices (RAP) of leading brands and revenue estimation by Region- 2015
  • North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • U.S. Pricing Analysis-2015
    • Canada Pricing Analysis-2015
  • Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2014)
    • UK Pricing Analysis-2015
    • Germany Pricing Analysis-2015
    • France Pricing Analysis-2015
    • Italy Pricing Analysis-2015
    • Spain Pricing Analysis-2015
  • Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Brazil Pricing Analysis-2015
    • Mexico Pricing Analysis-2015
    • Colombia Pricing Analysis-2015
  • Asia Pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Japan Pricing Analysis-2015
    • China Pricing Analysis-2015
    • India Pricing Analysis-2015
  • Middle East & Africa Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
    • Saudi Arabia Pricing Analysis-2015
    • UAE Pricing Analysis-2015

Chapter 8: Competitive Landscape

  • BASF SE
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Axalta Coating Systems
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • PPG Industries, Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Kansai Paint Co.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Nippon Paint Holdings Co., Ltd.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • The Valspar Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • KCC Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Sherwin-Williams
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • AkzoNobel
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Berger Paints
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Jotun A/S
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Solvay SA
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  List of Tables
  • TABLE 1 Automotive Paint Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
  • TABLE 2 Global Automotive Paint Market, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 3 Global Automotive Paint Market by Coat Type, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 4 Global Automotive Paint Market by Technology, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 5 Global Automotive Paint Market by Texture, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 6 Global Automotive Paint Market by Content Type, 2014 – 2024 (Kilo Tons, USD Billion)
  • TABLE 7 Automotive Paint Market - Key Market Driver Analysis
  • TABLE 8 Automotive Paint Market - Key Market Restraint/ Challenge Analysis
  • TABLE 9 Automotive Paint Market – Key Opportunity Analysis
  • TABLE 10 North America Automotive Paint Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 11 U.S. Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 12 Canada Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 13 Europe Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 14 U.K Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 15 Germany Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 16 France Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 17 Italy Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 18 Spain Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 19 Latin America Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 20 Brazil Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 21 Mexico Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 22 Colombia Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 23 Asia pacific Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 24 Japan Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 25 China Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 26 India Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 27 Middle East & Africa Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion
  • TABLE 28 Saudi Arabia Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 29 UAE Automotive Paint Market Landscape Analysis, 2014-2024 (Kilo Tons, USD Billion)
  • TABLE 30 North America Pricing Analysis
  • TABLE 31 North America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 32 U.S. Pricing Analysis-2015
  • TABLE 33 Canada Pricing Analysis-2015
  • TABLE 34 Europe Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 35 U.K Pricing Analysis-2015
  • TABLE 36 Germany Pricing Analysis-2015
  • TABLE 37 France Pricing Analysis-2015
  • TABLE 38 Italy Pricing Analysis-2015
  • TABLE 39 Spain Pricing Analysis-2015
  • TABLE 40 Latin America Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 41 Brazil Pricing Analysis-2015
  • TABLE 42 Mexico Pricing Analysis-2015
  • TABLE 43 Colombia Pricing Analysis-2015
  • TABLE 44 Asia Pacific Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 45 Japan Pricing Analysis-2015
  • TABLE 46 China Pricing Analysis-2015
  • TABLE 47 India Pricing Analysis-2015
  • TABLE 48 Middle East & Africa Pricing Analysis (OPP, IPP, RAP and Volume Estimation- 2015)
  • TABLE 49 Saudi Arabia Pricing Analysis-2015
  • TABLE 50 UAE Pricing Analysis-2015
List of Figures-
  • 1 Automotive Paint Market Segmentation
  • 2 Market Size & Growth Prospects
  • 3 Leading Brand Dynamics
  • 4 Penetration & Growth Prospects
  • 5 Industry Analysis – Porter’s
  • 6 Automotive Paint Market – PESTEL Analysis
  • 7 Automotive Paint Market Share by Coat Type, 2015 & 2024
  • 8 Automotive Paint Market Share by Technology, 2015 & 2024
  • 9 Automotive Paint Market Share by Texture, 2015 & 2024
  • 10 Automotive Paint Market Share by Content Type, 2015 & 2024
  • 11 Automotive Paint Market Share by Region, 2015 & 2024

Key Insights Addressed:  

  • Defining market size from 2014 to 2015.
  • Estimating market growth till 2024 and consequence market forecast.
  • Identifying market drivers, restraints & future opportunities and allowing decision-maker with a range of possible outcomes and the probabilities that will occur for any choice of action.
  • Market segments and regions that will drive or lead market growth.
  • Defining Optimal Price Point (OPP) which will be accepted and recommended by maximum customers.
  • A bird’s-eye view of the competitive landscape and the key market players.
  • Key strategic growth driver adopted by market players. In-depth analysis of their strategies and implication on competition & growth.
  Key Findings:  
  • The global automotive paint market is expected to grow to 29 billion USD by the end of the year 2024 with a CAGR of 6.21%.
  • Old coating techniques like, air dry varnish, are replaced with new cost-effective techniques such as air gun and high volume low pressure (HVLP) guns.
  • Volatile organic compound free powder coatings are benefited from stricter environmental regulations and expected to show significant growth in automotive paint market.
  • A few automakers have a target of reducing the painting process by up to 50%. Recently, a process that greatly reduces the primer and topcoat painting process by up to 30% has been developed and undergone extensive trials in Europe.
  • Key players in automotive paint sector are BASF SE, Axalta Coating Systems, PPG Industries, Inc., Kansai Paint Co., Nippon Paint Holdings Co., Ltd, The Valspar Corporation, KCC Corporation, Sherwin-Williams, AkzoNobel, Berger Paints, and Jotun A/S.

Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-

    1. Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
    2. Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brain storming, key discussion pointers from various forums etc.
    3. Need Gap Analysis- Defining the gap between our scope and availability of information.
    4. KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
    5. Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting primary interview with a structured questionnaire.
    6. Data Triangulation- We applies bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
    7. Analyst Comment- Each of our analyst carry large pool of experience from domain perspective and add their value which are directional in nature
global-aesthetic-dermatology-market

To request a free sample copy of this report, please complete the form below verified and secure

We offer complete free customization that addresses client’s need. This includes insights from primary market research and a 60-minute free analyst consultation post report purchase.

This website is secure and your personal details are safe. Privacy policy

Description

The global automotive paint market is expected to be valued at over $29 billion by 2024, growing at an estimated CAGR of 6.2% from 2017 to 2024.

 

Increased demands for an automotive vehicle in developing and developed countries are the major driving factor for the growth. Benefits from these paints like protecting the vehicle body from sunlight, dust, corrosion, scratches and improving appearance are the major factors for the demand. Increasing population and increase in economic status of the middle-class family is also boosting the growth.

 

Global Automotive Paint Market

 

Key Product Categories & Technologies

 

Automotive paints are having application in the vehicle interior and exterior and for almost every material used in an automobile such as lightweight steel, plastic, aluminum, metal alloys, fiber, and others. Global automotive paints can be classified mainly based on their type of coatings such as Electro-coat, Primer, Basecoat & Clear-coat, as per technology, Solvent & Waterborne, Powder Coating. Old coating techniques like, air dry varnish, are replaced with new cost-effective techniques such as air gun and high volume low pressure (HVLP) guns. In recent years, the focus of automobile industries is shifted towards spray technologies with minimal wastage, environment-friendly coatings such as low Volatile Organic Compounds (VOC), waterborne paints, zero VOC powder coating and futuristic UV coating. Such techniques help in significantly reducing the number of coating layers required.

 

A significant shift from solvent-based coating towards waterborne coating due to advantage over solvent borne coatings including less flammability, less toxicity along with environmental issues.  Waterborne coatings use water as a solvent to dissolve a resin, thus making these automotive coatings eco-friendly and easy to apply. Application of Waterborne in Automotive OEM is expected to grow at a CAGR of 8.3 from 2015 to 2024. The waterborne technology was valued at 3.5 billion USD in 2015.

 

Volatile organic compound free powder coatings are benefited from stricter environmental regulations and expected to show significant growth in automotive paint market. Primary usage areas include shock absorbers, oil & fuel filters, brake pads, engine block casings, battery trays, suspension components, radiators, wheels, grills, bumpers, door handles, roof racks, trailer hitches, and exterior and interior trim. The market size was estimated at over 465-kilo tons in 2015 and expected to grow 7.5% by 2024. Germany powder coatings demand was worth close to 305 million USD in 2015 and this technology expects to grow at a significant rate with over 4.8% CAGR by 2024.

 

The motor car market is one of the key segment for the growth of automotive paint market. Increased metallic paints to give sparkling, rich look and color customization is giving growing demand for electro-coat and expected to reach 4 billion USD by 2024 with a CAGR of 4.5%.

 

The main functions of the primer are to act as a leveler and protector and to make the base coat easier to apply. The basecoat is the layer applied to a vehicle body after electro-coat and primer layer. Basecoat is the fastest growing market compared to other types of coats with a CAGR of 7.28% from 2015 to 2024.

Technology Outlook

 

The major technology development targeted in automotive paint industry is to reduce the cost of the painting process. A few automakers have a target of reducing the painting process by up to 50%. Recently, a process that greatly reduces the primer and topcoat painting process by up to 30% has been developed and undergone extensive trials in Europe. The Eco-Concept eliminates the waterborne primer-surfacer process and combines both the primer-surfacer process with the basecoat/clearcoat process. This new process combines the color of the basecoat with a polyurethane dispersion in the first coat of the basecoat application. PPG has produced several innovative technologies to generate substantial savings in capital and operating costs like the Compact Paint Systems or Compact Paint Processes.

 

Top Players, Company Share, Competitive Dynamics & M&A Insights

 

The key players in automotive paint sector are BASF SE, Axalta Coating Systems, PPG Industries, Inc., Kansai Paint Co., Nippon Paint Holdings Co., Ltd, The Valspar Corporation, KCC Corporation, Sherwin-Williams, AkzoNobel, Berger Paints, and Jotun A/S.

 

Expansion in existing production capacity is essential to meet the market demand, BASF Shanghai Coatings Co. invests 140 million Euros for the new automotive coating plant at the existing Shanghai Chemical Industry Park in Caojing and is expected to start operation in the fourth quarter of 2017.

 

PPG Industries has marked the completion of a 7.8 million USD investment at its Coatings Innovation Center in Allison Park, Penn.which is exclusive to enhance the resources for creating and testing sealants, adhesives, and pretreatment solutions for training distributors, painters, and collision repair professionals to use the company’s automotive

 

Companies are following merging and acquisitions to increase their market scope, BASF has agreed to buy Albemarle’s Chemetall surface treatments business for 3.2 billion USD in 2016.

 

Growth Drivers & Restraints

 

Improved living standards and growing economy and increasing demand of luxurious vehicle are some of the dominant drivers for automotive paint. Whereas the governmental norms against volatile organic compound (VOC) automotive paint in Europe and North America is expected to boost the Low VOCs automotive paint market in these regions.  Strict environmental regulations, buying of used cars and usage of outdated coating technologies are the major restraints for the market growth.

 

Conclusions

 

Global automotive coatings market demand was 3.8 million tons in 2015 and is expected to exceed 5.5 million tons by 2024. Asia Pacific is the largest regional market and is expected to witness an estimated CAGR of 5.8% from 2015 to 2024, North America accounted for 22.8% of the global revenue share in 2015. Metal applications were dominant and accounted for over 70% of the total automotive coating market share in 2014.

 

This report provides factors about current markets trends, product category, technologies, and market drivers and M&A. Provides market and technology projections for the upcoming years including the present technology and trends.

 

This report provides comprehensive analysis of,

 

  • Market growth drivers
  • Top players
  • Product outlook
  • Technology outlook

Regional outlook

 

  • North America
  • Europe
  • Asia Pacific

Technology outlook

 

  • Water borne
  • Powder coating

 

Additional information

Price

Single User $3,650, Multiple User $4,650, Enterprise User $6,650