ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028

 

 

TABLE OF CONTENTS

 

1.     ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET - SUMMARY

2.     INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON AUTOMOTIVE PAINTS AND COATINGS MARKET

2.2. KEY INSIGHTS

2.2.1.    INTRODUCTION OF NEW COLORS FOR CAR EXTERIORS

2.2.2.    NEW RESIN AND ADDITIVE TECHNOLOGIES DEVELOPMENT METHODS

2.2.3.    SHIFTING PREFERENCES IN CAR COLORS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1.    THREAT OF NEW ENTRANTS

2.3.2.    THREAT OF SUBSTITUTES

2.3.3.    BARGAINING POWER OF BUYERS

2.3.4.    BARGAINING POWER OF SUPPLIERS

2.3.5.    THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1.    MERGERS & ACQUISITIONS

2.6.2.    CONTRACTS & AGREEMENTS

2.6.3.    EXPANSIONS

2.7. MARKET DRIVERS

2.7.1.    TECHNOLOGICAL INNOVATIONS IN METALLIC PIGMENTS

2.7.2.    GROWING DEMAND FOR SANITARY CAR INTERIORS

2.7.3.    STRONG GOVERNMENT ASSISTANCE

2.7.4.    INCREASED DEMAND FOR PASSENGER VEHICLES

2.8. MARKET CHALLENGES

2.8.1.    ELEVATED COATINGS COSTS AND RAW MATERIAL SHORTFALLS

2.8.2.    REGULATIONS AND FORMULATOR REGISTRATION REQUIREMENTS

2.9. MARKET OPPORTUNITIES

2.9.1.    NEW DEVELOPMENTS IN COATINGS

2.9.2.    SPECIALLY DESIGNED COATINGS FOR ELECTRIC VEHICLES

3.     ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY PRODUCT TYPE

3.1. SOLVENT-BORNE

3.2. WATERBORNE

3.3. OTHER COATINGS (POWDER COATINGS, ETC)

4.     ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY COAT TYPE

4.1. BASE COAT

4.2. ELECTRO COAT

4.3. CLEAR COAT

4.4. PRIMER

5.     ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY VEHICLE TYPE

5.1. PASSENGER VEHICLES

5.2. LIGHT COMMERCIAL VEHICLES

5.3. HEAVY COMMERCIAL VEHICLES

6.     ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY END-USERS

6.1. ORIGINAL EQUIPMENT MANUFACTURERS (OEM)

6.2. AUTOMOTIVE REFINISH

7.     ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET – REGIONAL OUTLOOK

7.1. CHINA

7.2. JAPAN

7.3. INDIA

7.4. SOUTH KOREA

7.5. ASEAN COUNTRIES

7.6. REST OF ASIA-PACIFIC

8.     COMPETITIVE LANDSCAPE

8.1. AKZO NOBEL NV

8.2. AXALTA COATING SYSTEMS

8.3. BASF SE

8.4. BERGER PAINTS LTD

8.5. CONCEPT PAINTS

8.6. HMG PAINTS LTD

8.7. KANSAI PAINT CO LTD

8.8. KAPCI COATINGS

8.9. KCC CORPORATION

8.10.               NATIONAL PAINTS FACTORIES CO LTD

8.11.               PPG INDUSTRIES INC

8.12.               RED SPOT PAINT

8.13.               RPM INTERNATIONAL INC

8.14.               SHERWIN WILLIAMS

8.15.               VALSPAR CORPORATION

9.     RESEARCH METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

 

 

TABLE LIST

TABLE 1: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: NEW PASSENGER CAR REGISTRATIONS IN TOP COUNTRIES IN 2020

TABLE 4: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2022-2028 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2022-2028 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 9: PRODUCTION AND SALES OF AUTOMOBILES IN CHINA (2016-2020)

TABLE 10: PRODUCTION AND SALES OF AUTOMOBILES IN JAPAN (2016-2020)

TABLE 11: PRODUCTION AND SALES OF AUTOMOBILES IN INDIA (2016-2020)

TABLE 12: PRODUCTION AND SALES OF AUTOMOBILES IN SOUTH KOREA (2016-2020)

TABLE 13: PRODUCTION AND SALES OF AUTOMOBILES IN MALAYSIA (2016-2020)

TABLE 14: PRODUCTION AND SALES OF AUTOMOBILES IN THE PHILIPPINES (2016-2020)

TABLE 15: PRODUCTION AND SALES OF AUTOMOBILES IN SINGAPORE (2016-2020)

TABLE 16: PRODUCTION AND SALES OF AUTOMOBILES IN THAILAND (2016-2020)

TABLE 17: PRODUCTION AND SALES OF AUTOMOBILES IN TAIWAN (2016-2020)

 

 

FIGURE LIST

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)

FIGURE 3: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY SOLVENT-BORNE, 2022-2028 (IN $ MILLION)

FIGURE 4: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY WATERBORNE, 2022-2028 (IN $ MILLION)

FIGURE 5: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY OTHER COATINGS (POWDER COATINGS, ETC), 2022-2028 (IN $ MILLION)

FIGURE 6: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2021 & 2028 (IN %)

FIGURE 7: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY BASE COAT, 2022-2028 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY ELECTRO COAT, 2022-2028 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY CLEAR COAT, 2022-2028 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRIMER, 2022-2028 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2021 & 2028 (IN %)

FIGURE 12: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PASSENGER VEHICLES, 2022-2028 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY LIGHT COMMERCIAL VEHICLES, 2022-2028 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY HEAVY COMMERCIAL VEHICLES, 2022-2028 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2021 & 2028 (IN %)

FIGURE 16: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY ORIGINAL EQUIPMENT MANUFACTURERS (OEM), 2022-2028 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY AUTOMOTIVE REFINISH, 2022-2028 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 19: CHINA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 20: JAPAN AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 21: INDIA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: SOUTH KOREA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: ASEAN COUNTRIES AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 24: REST OF ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

 

 

MARKET OUTLOOK

Triton Market Research’s report on the Asia-Pacific automotive paints and coatings market estimates that the market will progress at a CAGR of 4.20% in value during the forecasting phase of 2022-2028. Japan, ASEAN countries, Australia & New Zealand, South Korea, China, India, and Rest of APAC outline the explored market in the given region.

Over the years, India has emerged as a major player in the automotive sector, ranking fourth in the region in 2020. Moreover, the country generated a significant revenue share in the automotive industry in 2020. Additionally, the nation is among the top manufacturers of two and three-wheeler vehicles. These factors are supporting the automotive paints and coatings demand in the country.

Furthermore, the growing development of road networks and economic growth has led to the rise in vehicle demand. As per estimates, the nation manufactured approximately 23 million vehicles in 2021. Besides, vehicle exports surged significantly, with passenger vehicles accounting for 14.2% of all vehicles exported. Therefore, all these factors widen the scope and growth of the automotive paints and coatings market.

Likewise, the automobile sector has grown significantly in South Korea. Leading companies like Kia Motors, GM Korea, and Hyundai Motors support the country’s growth. As per estimates, the industry accounts for 13% of the manufacturing output. Thus, the robust automotive sectors supplement the growth of the South Korean automotive paints and coatings market.

 

Get more insights into the Asia-Pacific Automotive Paints and Coatings Market:

 

https://www.tritonmarketresearch.com/reports/asia-pacific-automotive-paints-and-coatings-market

 

COMPETITIVE OUTLOOK

The prominent companies in the automotive paints and coatings market include BASF SE, Concept Paints, Kansai Paint Co Ltd, Valspar Corporation, Akzo Nobel NV, Berger Paints Ltd, and PPG Industries Inc.

 

 

SEGMENTATION

1.     AKZO NOBEL NV

2.     AXALTA COATING SYSTEMS

3.     BASF SE

4.     BERGER PAINTS LTD

5.     CONCEPT PAINTS

6.     HMG PAINTS LTD

7.     KANSAI PAINT CO LTD

8.     KAPCI COATINGS

9.     KCC CORPORATION

10. NATIONAL PAINTS FACTORIES CO LTD

11. PPG INDUSTRIES INC

12. RED SPOT PAINT

13. RPM INTERNATIONAL INC

14. SHERWIN WILLIAMS

15. VALSPAR CORPORATION