GLOBAL AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028

 

 

TABLE OF CONTENTS

 

1.     GLOBAL 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.     GLOBAL AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY PRODUCT TYPE

3.1. SOLVENT-BORNE

3.2. WATERBORNE

3.3. OTHER COATINGS (POWDER COATINGS, ETC)

4.     GLOBAL 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.     GLOBAL AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY VEHICLE TYPE

5.1. PASSENGER VEHICLES

5.2. LIGHT COMMERCIAL VEHICLES

5.3. HEAVY COMMERCIAL VEHICLES

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

6.1. ORIGINAL EQUIPMENT MANUFACTURERS (OEM)

6.2. AUTOMOTIVE REFINISH

7.     GLOBAL AUTOMOTIVE PAINTS AND COATINGS MARKET – REGIONAL OUTLOOK

7.1. NORTH AMERICA

7.1.1.    MARKET BY PRODUCT TYPE

7.1.2.    MARKET BY COAT TYPE

7.1.3.    MARKET BY VEHICLE TYPE

7.1.4.    MARKET BY END-USERS

7.1.5.    COUNTRY ANALYSIS

7.1.5.1.        UNITED STATES

7.1.5.2.        CANADA

7.2. EUROPE

7.2.1.    MARKET BY PRODUCT TYPE

7.2.2.    MARKET BY COAT TYPE

7.2.3.    MARKET BY VEHICLE TYPE

7.2.4.    MARKET BY END-USERS

7.2.5.    COUNTRY ANALYSIS

7.2.5.1.        UNITED KINGDOM

7.2.5.2.        GERMANY

7.2.5.3.        FRANCE

7.2.5.4.        SPAIN

7.2.5.5.        ITALY

7.2.5.6.        RUSSIA

7.2.5.7.        REST OF EUROPE

7.3. ASIA-PACIFIC

7.3.1.    MARKET BY PRODUCT TYPE

7.3.2.    MARKET BY COAT TYPE

7.3.3.    MARKET BY VEHICLE TYPE

7.3.4.    MARKET BY END-USERS

7.3.5.    COUNTRY ANALYSIS

7.3.5.1.        CHINA

7.3.5.2.        JAPAN

7.3.5.3.        INDIA

7.3.5.4.        SOUTH KOREA

7.3.5.5.        ASEAN COUNTRIES

7.3.5.6.        REST OF ASIA-PACIFIC

7.4. LATIN AMERICA

7.4.1.    MARKET BY PRODUCT TYPE

7.4.2.    MARKET BY COAT TYPE

7.4.3.    MARKET BY VEHICLE TYPE

7.4.4.    MARKET BY END-USERS

7.4.5.    COUNTRY ANALYSIS

7.4.5.1.        BRAZIL

7.4.5.2.        MEXICO

7.4.5.3.        REST OF LATIN AMERICA

7.5. MIDDLE EAST AND AFRICA

7.5.1.    MARKET BY PRODUCT TYPE

7.5.2.    MARKET BY COAT TYPE

7.5.3.    MARKET BY VEHICLE TYPE

7.5.4.    MARKET BY END-USERS

7.5.5.    COUNTRY ANALYSIS

7.5.5.1.        UNITED ARAB EMIRATES

7.5.5.2.        SAUDI ARABIA

7.5.5.3.        TURKEY

7.5.5.4.        SOUTH AFRICA

7.5.5.5.        REST OF MIDDLE EAST & AFRICA

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: GLOBAL AUTOMOTIVE PAINTS AND COATINGS MARKET, BY GEOGRAPHY, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

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

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

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

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

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

TABLE 8: GLOBAL AUTOMOTIVE PAINTS AND COATINGS MARKET, BY GEOGRAPHY, 2022-2028 (IN $ MILLION)

TABLE 9: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 11: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2022-2028 (IN $ MILLION)

TABLE 12: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)

TABLE 13: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2022-2028 (IN $ MILLION)

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

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

TABLE 16: EUROPE AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 17: EUROPE AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 18: EUROPE AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2022-2028 (IN $ MILLION)

TABLE 19: EUROPE AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)

TABLE 20: EUROPE AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2022-2028 (IN $ MILLION)

TABLE 21: PRODUCTION AND SALES OF AUTOMOBILES IN THE UNITED KINGDOM (2016-2020)

TABLE 22: PRODUCTION AND SALES OF AUTOMOBILES IN GERMANY (2016-2020)

TABLE 23: PRODUCTION AND SALES OF AUTOMOBILES IN FRANCE (2016-2020)

TABLE 24: PRODUCTION AND SALES OF AUTOMOBILES IN SPAIN (2016-2020)

TABLE 25: PRODUCTION AND SALES OF AUTOMOBILES IN ITALY (2016-2020)

TABLE 26: PRODUCTION AND SALES OF AUTOMOBILES IN RUSSIA (2016-2020)

TABLE 27: ANNUAL CAR PRODUCTION IN SLOVAKIA 2016-2020 (IN MILLIONS)

TABLE 28: PRODUCTION AND SALES OF AUTOMOBILES IN SWEDEN (2016-2020)

TABLE 29: PRODUCTION AND SALES OF AUTOMOBILES IN THE NETHERLANDS (2016-2020)

TABLE 30: PRODUCTION AND SALES OF AUTOMOBILES IN POLAND (2016-2020)

TABLE 31: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 32: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 33: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2022-2028 (IN $ MILLION)

TABLE 34: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)

TABLE 35: ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2022-2028 (IN $ MILLION)

TABLE 36: PRODUCTION AND SALES OF AUTOMOBILES IN CHINA (2016-2020)

TABLE 37: PRODUCTION AND SALES OF AUTOMOBILES IN JAPAN (2016-2020)

TABLE 38: PRODUCTION AND SALES OF AUTOMOBILES IN INDIA (2016-2020)

TABLE 39: PRODUCTION AND SALES OF AUTOMOBILES IN SOUTH KOREA (2016-2020)

TABLE 40: PRODUCTION AND SALES OF AUTOMOBILES IN MALAYSIA (2016-2020)

TABLE 41: PRODUCTION AND SALES OF AUTOMOBILES IN THE PHILIPPINES (2016-2020)

TABLE 42: PRODUCTION AND SALES OF AUTOMOBILES IN SINGAPORE (2016-2020)

TABLE 43: PRODUCTION AND SALES OF AUTOMOBILES IN THAILAND (2016-2020)

TABLE 44: PRODUCTION AND SALES OF AUTOMOBILES IN TAIWAN (2016-2020)

TABLE 45: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 46: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 47: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2022-2028 (IN $ MILLION)

TABLE 48: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)

TABLE 49: LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2022-2028 (IN $ MILLION)

TABLE 50: PRODUCTION AND SALES OF AUTOMOBILES IN BRAZIL (2016-2020)

TABLE 51: PRODUCTION AND SALES OF AUTOMOBILES IN MEXICO (2016-2020)

TABLE 52: PRODUCTION AND SALES OF AUTOMOBILES IN ARGENTINA (2016-2020)

TABLE 53: MIDDLE EAST AND AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 54: MIDDLE EAST AND AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 55: MIDDLE EAST AND AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2022-2028 (IN $ MILLION)

TABLE 56: MIDDLE EAST AND AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)

TABLE 57: MIDDLE EAST AND AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2022-2028 (IN $ MILLION)

TABLE 58: PRODUCTION AND SALES OF AUTOMOBILES IN THE UNITED ARAB EMIRATES (2016-2020)

TABLE 59: PRODUCTION AND SALES OF AUTOMOBILES IN SAUDI ARABIA (2016-2020)

TABLE 60: PRODUCTION AND SALES OF AUTOMOBILES IN SOUTH AFRICA (2016-2020)

 

 

FIGURE LIST

FIGURE 1: MARKET ATTRACTIVENESS INDEX

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 24: SPAIN AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: ITALY AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: RUSSIA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: REST OF EUROPE AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: CHINA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 29: JAPAN AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 30: INDIA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 31: SOUTH KOREA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 32: ASEAN COUNTRIES AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 33: REST OF ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 34: BRAZIL AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 35: MEXICO AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 36: REST OF LATIN AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 37: UNITED ARAB EMIRATES AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 38: SAUDI ARABIA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 39: TURKEY AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 40: SOUTH AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 41: REST OF MIDDLE EAST & AFRICA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

 

 

MARKET OUTLOOK

As stated in Triton Market Research’s report, the global automotive paints and coatings market is expected to register growth at a compound annual growth rate of 4.97% in revenue over the period of 2022-2028.

The studied market’s growth is supported by factors such as technological innovations in metallic pigments, rising demand for sanitary car interiors, and surged demand for passenger cars. Additionally, the new developments in coatings and specially designed coating for EVs are also opening new avenues for the automotive paints and coatings market.

On the contrary, the high cost of coatings, shortfalls in raw materials, and regulations negatively impact the global market’s progress.

 

Get more insights into the Global Automotive Paints and Coatings Market:

 

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

 

REGIONAL OUTLOOK

The global automotive paints and coatings market covers North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa regions. 

Geographically, North America is expected to register the fastest growth in the market over the forecast period. The US accounts for the highest demand for automotive paints and coatings owing to the presence of top automobile manufacturers, including Ford and Toyota. Further, the rising demand for vehicles is another factor supporting the market’s robust growth. In this regard, the government incentives and open investment policy have increased the adoption of automotive, widening the scope and development of the automotive paints and coatings market.

 

 

COMPETITIVE OUTLOOK

The notable companies explored in the automotive paints and coatings market are Berger Paints Ltd, PPG Industries Inc, Concept Paints, KCC Corporation, Sherwin Williams, Kansai Paint Co Ltd, Axalta Coating Systems, National Paints Factories Co Ltd, Akzo Nobel NV, RPM International Inc, HMG Paints Ltd, Valspar Corporation, BASF SE, Kapci Coatings, and Red Spot Paint.

BASF SE is engaged in providing petrochemicals, performance materials, coatings, and care chemicals. Its business segments include chemicals, materials, industrial solutions, surface technologies, agriculture solutions, and nutrition and care. The company offers products across the transportation, construction, electronics, nutrition, consumer goods, and agriculture industries. BASF has operations across multiple regions, including Latin America, Asia-Pacific, and the Middle East and Africa. It is headquartered in Rhein, Germany.

 

 

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