Automotive Coatings Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Automotive coatings are coatings used for both aesthetics & protection purposes and are more convoluted and tedious activity compared to other industrial coatings. Basecoat plays a pivotal role in automotive coatings, with constituents representing special-effect substances and pigments.

MARKET DYNAMICS

The growing demand for powder coatings is driving the growth of the automotive coatings market. However, the difficulty in sourcing raw materials may restrain the growth of the automotive coatings market. Furthermore, the increasing demand for electric and hybrid vehicles is anticipated to create market opportunities for the automotive coatings market during the forecast period.

MARKET SCOPE

The "Global Automotive Coatings Market Analysis To 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The automotive coatings market report aims to provide an overview of the automotive coatings market with detailed market segmentation by product, technology, application, end-use, and geography. The global automotive coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive coatings market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global automotive coatings market is segmented on the basis of product, technology, application, and end-use. Based on product, the automotive coatings market is segmented into: primer, electrocoat, basecoat, and clearcoat. On the basis of technology, the automotive coatings market is segmented into: waterborne coatings, solventborne coatings, powder coatings, and UV-cured coatings. Based on application, the automotive coatings market is segmented into: metal parts and plastic parts. On the basis of end-use, the automotive coatings market is segmented into: light vehicle OEM, commercial vehicle OEM, and automotive refinish.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive coatings market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive coatings market by each region is later sub-segmented by respective countries and segments. The automotive coatings market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the automotive coatings market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the automotive coatings market in these regions.

MARKET PLAYERS

The reports cover key developments in the automotive coatings market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from automotive coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the automotive coatings market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive coatings market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Akzo Nobel N.V.
•   Arkema
•   Axalta Coating Systems
•   BASF SE
•   Bayer AG
•   Beckers Group
•   Kansai Paint Co., Ltd.
•   Nippon Paint Holdings Co., Ltd.
•   PPG Industries, Inc.
•   Sherwin-Williams Company

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Coatings Report Scope