Automotive Coatings Demand Is Likely To Surge At A 7% CAGR From 2022-2032

The Automotive Coatings Industry sales study offers a comprehensive analysis on diverse features including production capacities, Automotive Coatings demand, product developments, sales revenue generation and Automotive Coatings market outlook across the globe.

170 page market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Automotive Coatings  market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments

Sales of automotive coatings amounted to US$ 16.3 Billion in FY 2021, and is forecast to experience a year-over-year expansion rate of 4.3% in 2022, reaching US$ 17 Billion.

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The readability score of the Automotive Coatings market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.

The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers. 

This Automotive Coatings market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Automotive Coatings along with key stakeholders as well as emerging players associated with the manufacturing of product.

The Key trends Analysis of Extended Automotive Coatings market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period.

Key Companies Profiled:

• 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

Questionnaire answered in the market outlook report of Automotive Coatings include:

•          What is the key strategy deployed by large players to maximize Automotive Coatings marketgrowth?
•          What are the main challenges faced by players in the Automotive Coatings market demand?
•          With the advent of technological advancement, how will the Automotive Coatings market landscape change over the forecast period?
•          What does player bring to the table, which is unique as a strategy, and is easy to emulate for new investors in the Automotive Coatings market size?

How will be insights and market estimations provided in the Fact.MR report on the demand of Automotive Coatings make a difference?

• The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
• The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
• The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
• Provides scrutiny of the industry trends that have shaped recent government policies
• Provides an account of major breakthroughs in all segments that might change the course of the market considerably
• Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Automotive Coatings   market
• Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
• Evaluates the role of various stages of funding on new growth avenues in key regional markets

Competitive Landscape

With an average revenue range of US$ 5 Billion-US$ 8 Billion, the top five firms in the automotive coatings industry will continue to command roughly two-fifths of the market. This also suggests a high level of consolidation in the automotive coatings industry at the apex, as opposed to a fragmented nature at the apex. Recent developments in the market are as follows:

• In January 2022, Axalta Coating Systems introduced its new Global Automotive Color of the Year 2022 series of automotive coatings- specifically the Royal Magenta series. The new coatings shade is not only designed to enhance aesthetic appeal, but also provide more robust finish, protecting automotive bodies from abiotic conditions.
• PPG Industries announced in April 2022 its decision to introduce the PPG ENVIROCRONTM P8 Series Anti-Graffiti Coating at the PaintExpo 2022. The product is a hybrid powder coating that stands up to the harshest cleaners and chemicals and is designed to leave no trace of surface damage or graffiti residues. Since it is formulated without block agents, they contain no carcinogenic, mutagenic or toxic-to-reproduction (CMR) substances commonly found in other products.
• In May 2022, automotive giant BMW announced a collaboration with BASF in order to incorporate its CathoGuard 800 ReSource e-coat at its plants in Leipzig, Germany, and Rosslyn, South Africa. Additionally, BMW also intends to leverage the company’s iGloss matt ReSource Clearcoat throughout Europe. These coatings are capable of reducing CO2 emissions in the plants by as much as 40% per coating layer, which is equivalent to more than 15,000 tons.

Key Segments Covered in the Industry Report

·         By Resin Type :

o    Acrylics-based Automotive Coatings

o    Fluoropolymers-based

o    Urethanes-based

o    Epoxy-based

o    Poly Alkyds-based

o    Amines-based

·         By Vehicle Type :

o    Passenger Cars

o    Commercial Vehicles

·         By Technology :

o    Water Borne Automotive Coatings

o    Solvent Borne

o    UV Cure

·         By Coat Type :

o    Top Coat 

o    Primer

o    Base Coat

o    Clear Coat

·         By Region :

o    North America

o    Latin America

o    Europe

o    Japan

o    APEJ

o    MEA

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