Global Market Study on Automotive Paint: North America to Dominate the Market in Terms of Revenue During the Forecast Period (2017 - 2022)


Automotive Paint Market
  • Report code : PMRREP2840 |
  • Industry : Automotive |
  • Published On : Oct-2017 |
  • Pages : 170 Pages |
  • Format :

Introduction

Persistence Market Research (PMR) publishes yet another comprehensive, insightful and objective market research report on the global market for automotive. In this research report, the reader will gain excess a descriptive briefing on the overall automotive paint industry. Also, the report offers a comprehensive outlook on the trends, drivers and restraints of the market. Moreover, thorough analysis on various parameters of the market has been conducted in order to arrive on certain concrete conclusions. The report offers accurate market figures concerning automotive paint. Besides, the reader will also gain knowledge regarding the market’s competition landscape, including information on the current competitive scenario. This report also delivers crucial information on key strategies and undertaking of market players. 

Report Structure

The report commences with an executive summary and an introduction of the market. In this section, an overview of the global automotive paint market has been provided that comprise of pertinent market figures, which are of high significance. This section also consist of historical compound annual growth rate during the period 2012 to 2016 along with projected growth of the market between 2017 and 2022.  The reader will also come across data pertaining to revenue share, annual growth, year-over-year and CAGR. Next, a brief introduction of automotive paint market is provided with proper definition and relevant facts so that the reader gets a clearer picture regarding the scope of the market.

The following section of the report delivers information on the important aspects of the over automotive paint market. Some of the key topics covered in this section include fiscal stimulus, global economy and bottom line of companies. Also, the information on pricing analysis and cost structure analysis of the global market for automotive paint is offered in this section. A study on the current market position of the leading players (intensity map) is also given.

Market Taxonomy

Coating Type

Finish

Vehicle Type

Paint Base

  • Electrocoat
  • Metallic
  • Compact Passenger Cars
  • Solvent-borne
  • Primer
  • Solid
  • Mid-sized Passenger Cars
  • Waterborne
  • Basecoat
  • Pearlescent
  • Premium Passenger Cars
  • Clearcoat
  • Other (Matte Finish, etc.)
  • Luxury Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
 

Market Segmentation

One of the sections of the report comprise of analysis and forecast on the global automotive paint market by coating type, finish, vehicle type, paint base and region.  In this part of the report, crucial market figures have been mentioned by observing year-on-year growth and drawing comparison of revenue and market share.  The global market for automotive paint has been analyzed across six key regions – Latin America, Europe, North America, APEJ, MEA and Japan.

Competition Landscape

In the final section of the report, the reader will come across a detailed analysis on the market’s competitive landscape. This section comprise of profiles of the key companies that are operating the global market for automotive paint.  The analysis presented in the competitive landscape is dissected into financial information of the market players, company overview, key strategies and important developments pertaining to particular company. This section of the report also contain the SWOT analysis of the selected market participants that offers meaningful insights regarding their performance.

Research Methodology

To obtain such information PMR uses innovative research methodology that is proven as well as tested. A thorough and exhaustive secondary analysis is carried out to reassure and support the finds offered in the report. The data in the report is resourced after interactions and interviews with stakeholders, distributors, industry experts and executives. The information collected from secondary and primary research is validates by utilizing the triangulation method. The data in the report is compared and authenticated using leading-edge research mechanism to draw certain conclusions on the global automotive paint market.

The global automotive paint market is projected to witness an above-average growth over the next couple of years. Demand for automotive paints is growing due to constant improvements in their property and functionality. Today, automotive paints are not only used for beautification of the vehicles but also to enhance surface durability. Automotive paint increase the endurance of metal and aluminium parts of a vehicle, enabling them to withstand extreme environmental conditions such as heat, acid, UV radiation and dust particle. Moreover, automaker are channelizing efforts to improve the overall car coat and painting techniques. Several layers of paint and coating are applied in modern vehicles, which can reach thickness of nearly 100 µm (0.1mm).  In order to ensure proper application of automotive paint, most manufacturers follow a highly systematic and precautious preparation procedure. Automotive paint usually comprise of a combination of coating layers, which include primer paint, basecoat and clearcoat.

Global sales of automotive paint is also increasing owing to rising production of vehicles coupled with robust growth of automotive sector in countries such as Brazil, China, Mexico, India and South Korea. In addition, growing trends of automotive restorations and refurbishing is likely to reflect favourably on the sales prospect of automotive paints in the aftermarket vertical. At the same time, rapid adoption of advanced powder coating and thermal spray technologies is likely to boost the growth of the global automotive paint market. This market is projected to reach a valuation of US$ 11,966.1 Mn by 2022.

global-automotive-paint-market.jpg

Companies that manufacture automotive paints are focusing on development of products that are eco-friendly. This is primarily owing to increasing concerns over emission of toxic gasses in the environment. The automotive sector is under pressure to reduce the effects of their product that contribute to environmental degradation. Moreover, government organisations and environmental bodies are encouraging the utilization of technologies that help in lowering emission levels. Hence, companies are shifting towards painting and coating products that are non-toxic.

North America Set to Lead the Global Automotive Paint Market

In terms of revenue, the automotive paint market is North America is expected to hold the top spot. Existence of a massive automotive sector is substantiating the growth of the market in North America. During the forecast period the region’s market is projected to exhibit an impressive growth.

Electrocoat Coating Type Segment to Remain Dominant Over 2022

Based on coating type, the electrocoat segment is expected to touch a valuation of US$ 3,865.2 Mn in 2022. This segment currently commands for close to 30% share of the global automotive paint market and is projected to exhibit a sound CAGR during the forecast period.

Compact Passenger Cars Vehicle Type Segment to Remain Highly Lucrative Over 2022

By vehicle type, the compact passenger cars segment is anticipated surpass a valuation of US$ 2,600 Mn by 2017-end. In addition, the segment is expected to soar at a healthy rate during the forecast period. This is primarily owing to increasing sales of compact passenger cars in countries such as China and India.

Waterborne Paint Base Segment Will Continue to Outperform Solvent-Borne Paint Base Segment

By paint base, the waterborne automotive segment is expected to lead throughout the forecast period. The segment presently commands for over 50% revenue share of the market and is likely to reach valuation in excess of US$ 5,800 Mn by 2022.

Competition Tracking

Leading market players profiled in the PMR’s report include Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, Clariant AG, DuPont Coatings & Color Technologies Group, Kansai Paint Co.,Ltd, Nippon Paint Holdings Co Ltd, The Sherwin Williams Company,  and The Valspar Corporation.

Company Profiles

  • Sherwin-Williams Company
  • Akzo Nobel N.V.
  • Valspar Corporation
  • BASF SE
  • PPG Industries
  • NIPPON PAINT
  • Kansai Paint Co., Ltd.
  • Axalta Coating Systems Ltd
  • DuPont Coatings & Color Technologies Group
  • Clariant AG
  • Others.
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