Transportation Coating Market Strategies and Forecast by 2031

Coverage: Transportation Coating Market covers analysis By Type (Water-Based, Solvent-Based, Powder Coated, Others); End-User (Automotive OEMs, Heavy Duty Truck Industry, Bus Manufacturers, Rail Industry, Other End-user) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00018254
  • Category : Chemicals and Materials
  • No. of Pages : 150
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MARKET INTRODUCTION

High performance coatings are specifically engineered for withstanding thermal & mechanical stress and have witnessed widespread adoption in the transportation sector during the past decades. These transportation coatings have been integrated mainly in the production of vehicles and their components. Metal surfaces of long haul trucks, as well as trailers being coated with high-velocity oxygen fuel (HVOF) coatings, is a practice actively exercised in the manufacturing of vehicles, and these components used for transportation purposes.

MARKET DYNAMICS

The transportation coating market has witnessed significant growth owing to factors such as wider use in automotive OEMs, heavy-duty truck industry, bus manufacturers, rail industry, and other end-user. Demand for solvent-based transportation coatings is poised to increase as these coatings are less susceptible to temperature and humidity changes. Epoxies & polymer coatings are being integrated into the manufacturing of vehicle chassis, engine parts, and other key components. The use of transportation coatings at the initial stages through OEMs would remain to be a healthy practice mainly for companies operating in transportation businesses. Manufacturers & marketers of transportation coating are anticipated to focus on boosting the applicability of coatings for plastic surfaces. However, the manufacturing of solvent-based transportation coatings entails high VOC emissions, and environmental adversity hamper the growth of the transportation coating market. Nevertheless, several companies will further be adopting new fastening techniques, including elastic bonding, and offer aging resistant adhesives for supporting the performance of transportation coatings.

MARKET SCOPE

The "Global Transportation Coating Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the transportation coating market with detailed market segmentation by end-user, and geography. The global transportation coating market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading transportation coating market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global transportation coating market is segmented on the basis of type and end-user. The transportation coating market on the basis of the type is classified into water-based, solvent-based, powder coated, and others. On the basis of end-user, global transportation coating market is bifurcated into automotive OEMS, heavy duty truck industry, bus manufacturers, rail industry, and other end-user.

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 transportation coating 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 America. The transportation coating market by each region is later sub-segmented by respective countries and segments. The 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 transportation coating 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 for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the transportation coating market in these regions.

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global transportation coating 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 America. The transportation coating market by each region is later sub-segmented by respective countries and segments. The 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 transportation coating 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 for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the transportation coating market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global transportation coating market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the 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 payers from transportation coating market are anticipated to lucrative growth opportunities in the future with the rising demand for transportation coating in the global market. Below mentioned is the list of few companies engaged in the transportation coating market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the transportation coating 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 NV
  •   Axalta Coating Systems Ltd.
  •   BASF SE
  •   E.I Dupont De Numours and Company
  •   Evonik Industries AG
  •   Henkel AG & Co. KGaA
  •   Nippon Paint Holdings Co. Ltd.
  •   PPG Industries, Inc.
  •   The Dow Chemical Company
  •   The 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.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Transportation Coating Market - By Type
1.3.2 Transportation Coating Market - By End-User
1.3.3 Transportation Coating Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. TRANSPORTATION COATING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. TRANSPORTATION COATING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. TRANSPORTATION COATING MARKET - GLOBAL MARKET ANALYSIS
6.1. TRANSPORTATION COATING - GLOBAL MARKET OVERVIEW
6.2. TRANSPORTATION COATING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. TRANSPORTATION COATING MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. WATER-BASED
7.3.1. Overview
7.3.2. Water-Based Market Forecast and Analysis
7.4. SOLVENT-BASED
7.4.1. Overview
7.4.2. Solvent-Based Market Forecast and Analysis
7.5. POWDER COATED
7.5.1. Overview
7.5.2. Powder Coated Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. TRANSPORTATION COATING MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE OEMS
8.3.1. Overview
8.3.2. Automotive OEMs Market Forecast and Analysis
8.4. HEAVY DUTY TRUCK INDUSTRY
8.4.1. Overview
8.4.2. Heavy Duty Truck Industry Market Forecast and Analysis
8.5. BUS MANUFACTURERS
8.5.1. Overview
8.5.2. Bus Manufacturers Market Forecast and Analysis
8.6. RAIL INDUSTRY
8.6.1. Overview
8.6.2. Rail Industry Market Forecast and Analysis
8.7. OTHER END-USER
8.7.1. Overview
8.7.2. Other End-user Market Forecast and Analysis

9. TRANSPORTATION COATING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Transportation Coating Market Overview
9.1.2 North America Transportation Coating Market Forecasts and Analysis
9.1.3 North America Transportation Coating Market Forecasts and Analysis - By Type
9.1.4 North America Transportation Coating Market Forecasts and Analysis - By End-User
9.1.5 North America Transportation Coating Market Forecasts and Analysis - By Countries
9.1.5.1 United States Transportation Coating Market
9.1.5.1.1 United States Transportation Coating Market by Type
9.1.5.1.2 United States Transportation Coating Market by End-User
9.1.5.2 Canada Transportation Coating Market
9.1.5.2.1 Canada Transportation Coating Market by Type
9.1.5.2.2 Canada Transportation Coating Market by End-User
9.1.5.3 Mexico Transportation Coating Market
9.1.5.3.1 Mexico Transportation Coating Market by Type
9.1.5.3.2 Mexico Transportation Coating Market by End-User
9.2. EUROPE
9.2.1 Europe Transportation Coating Market Overview
9.2.2 Europe Transportation Coating Market Forecasts and Analysis
9.2.3 Europe Transportation Coating Market Forecasts and Analysis - By Type
9.2.4 Europe Transportation Coating Market Forecasts and Analysis - By End-User
9.2.5 Europe Transportation Coating Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Transportation Coating Market
9.2.5.1.1 Germany Transportation Coating Market by Type
9.2.5.1.2 Germany Transportation Coating Market by End-User
9.2.5.2 France Transportation Coating Market
9.2.5.2.1 France Transportation Coating Market by Type
9.2.5.2.2 France Transportation Coating Market by End-User
9.2.5.3 Italy Transportation Coating Market
9.2.5.3.1 Italy Transportation Coating Market by Type
9.2.5.3.2 Italy Transportation Coating Market by End-User
9.2.5.4 United Kingdom Transportation Coating Market
9.2.5.4.1 United Kingdom Transportation Coating Market by Type
9.2.5.4.2 United Kingdom Transportation Coating Market by End-User
9.2.5.5 Russia Transportation Coating Market
9.2.5.5.1 Russia Transportation Coating Market by Type
9.2.5.5.2 Russia Transportation Coating Market by End-User
9.2.5.6 Rest of Europe Transportation Coating Market
9.2.5.6.1 Rest of Europe Transportation Coating Market by Type
9.2.5.6.2 Rest of Europe Transportation Coating Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Transportation Coating Market Overview
9.3.2 Asia-Pacific Transportation Coating Market Forecasts and Analysis
9.3.3 Asia-Pacific Transportation Coating Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Transportation Coating Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Transportation Coating Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Transportation Coating Market
9.3.5.1.1 Australia Transportation Coating Market by Type
9.3.5.1.2 Australia Transportation Coating Market by End-User
9.3.5.2 China Transportation Coating Market
9.3.5.2.1 China Transportation Coating Market by Type
9.3.5.2.2 China Transportation Coating Market by End-User
9.3.5.3 India Transportation Coating Market
9.3.5.3.1 India Transportation Coating Market by Type
9.3.5.3.2 India Transportation Coating Market by End-User
9.3.5.4 Japan Transportation Coating Market
9.3.5.4.1 Japan Transportation Coating Market by Type
9.3.5.4.2 Japan Transportation Coating Market by End-User
9.3.5.5 South Korea Transportation Coating Market
9.3.5.5.1 South Korea Transportation Coating Market by Type
9.3.5.5.2 South Korea Transportation Coating Market by End-User
9.3.5.6 Rest of Asia-Pacific Transportation Coating Market
9.3.5.6.1 Rest of Asia-Pacific Transportation Coating Market by Type
9.3.5.6.2 Rest of Asia-Pacific Transportation Coating Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Transportation Coating Market Overview
9.4.2 Middle East and Africa Transportation Coating Market Forecasts and Analysis
9.4.3 Middle East and Africa Transportation Coating Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Transportation Coating Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Transportation Coating Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Transportation Coating Market
9.4.5.1.1 South Africa Transportation Coating Market by Type
9.4.5.1.2 South Africa Transportation Coating Market by End-User
9.4.5.2 Saudi Arabia Transportation Coating Market
9.4.5.2.1 Saudi Arabia Transportation Coating Market by Type
9.4.5.2.2 Saudi Arabia Transportation Coating Market by End-User
9.4.5.3 U.A.E Transportation Coating Market
9.4.5.3.1 U.A.E Transportation Coating Market by Type
9.4.5.3.2 U.A.E Transportation Coating Market by End-User
9.4.5.4 Rest of Middle East and Africa Transportation Coating Market
9.4.5.4.1 Rest of Middle East and Africa Transportation Coating Market by Type
9.4.5.4.2 Rest of Middle East and Africa Transportation Coating Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Transportation Coating Market Overview
9.5.2 South and Central America Transportation Coating Market Forecasts and Analysis
9.5.3 South and Central America Transportation Coating Market Forecasts and Analysis - By Type
9.5.4 South and Central America Transportation Coating Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Transportation Coating Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Transportation Coating Market
9.5.5.1.1 Brazil Transportation Coating Market by Type
9.5.5.1.2 Brazil Transportation Coating Market by End-User
9.5.5.2 Argentina Transportation Coating Market
9.5.5.2.1 Argentina Transportation Coating Market by Type
9.5.5.2.2 Argentina Transportation Coating Market by End-User
9.5.5.3 Rest of South and Central America Transportation Coating Market
9.5.5.3.1 Rest of South and Central America Transportation Coating Market by Type
9.5.5.3.2 Rest of South and Central America Transportation Coating Market by End-User

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. TRANSPORTATION COATING MARKET, KEY COMPANY PROFILES
11.1. AKZO NOBEL NV
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AXALTA COATING SYSTEMS LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BASF SE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. E.I DUPONT DE NUMOURS AND COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EVONIK INDUSTRIES AG
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HENKEL AG AND CO. KGAA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NIPPON PAINT HOLDINGS CO. LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PPG INDUSTRIES, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE DOW CHEMICAL COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE SHERWIN-WILLIAMS COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Akzo Nobel NV
2. Axalta Coating Systems Ltd.
3. BASF SE
4. E.I Dupont De Numours and Company
5. Evonik Industries AG
6. Henkel AG and Co. KGaA
7. Nippon Paint Holdings Co. Ltd.
8. PPG Industries, Inc.
9. The Dow Chemical Company
10. The Sherwin-Williams Company

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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