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Automotive Paints & Coatings Market to Grow US$ 26.8 Billion by 2027

The global Automotive Paints & Coatings market size is expected to surpass around US$ 26.8 billion by 2027 and the market is expected to garner growth at a CAGR of 8.2% over the forecast period 2021 to 2027.

The Automotive Paints & Coatings market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.

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Growth Factors

Stringent regulations for harmful emission and growing environmental concerns for paints & coatings manufacturing process predicted to enhance the demand for eco-friendly paints in the market. Furthermore, increasing requirement for maintenance, repair, and restoration of vehicles expected to augment the market growth for automotive paints & coating in the coming years. Increasing vehicle age is the main cause behind its significant repair & maintenance. As per U.S. Bureau of Labor Statistics, around 50% of vehicles are aged between 11-20 years and an average US$ 400 is spent yearly on car repair. This is anticipated to flourish the paints & coating market prominently in the years to come.

However, advancements in the automotive industry have reduced the number of accidents significantly that hinders the refinish market for automotive paints & coatings. Besides this, recent advancements in the paint & coating products for automotive sector have provided highly durable surface finish that exceeds the customer expectation along with it also complies with the environmental regulations. Thus development in the paint chemistry and spraying methods have improved the uniformity in paint layer and paint transfer efficiency, thereby reducing the wastage. The aforementioned factors anticipated to flourish the market growth during the forecast period.

Market Report Scope

Report Highlights Details
Market Size USD 26.8 Billion by 2027
Growth Rate CAGR of 8.2% from 2021 to 2027
Largest Market Europe
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Automotive Paints & Coatings market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Automotive Paints & Coatings market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Automotive Paints & Coatings. The study also provides the dynamics that are responsible for influencing the future status of the Automotive Paints & Coatings market over the forecast period.

A detailed assessment of the Automotive Paints & Coatings market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Automotive Paints & Coatings market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

OBJECTIVES OF THE STUDY

Research Methodology

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

Major key players operating in the market are

Segments Covered in the Report

By Vehicle Type

By Coating Type

By Technology Type

By Texture

By Distribution Channel

By Raw Material

By Regional Outlook

Why should you invest in this report?

If you are aiming to enter the global Automotive Paints & Coatings market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Automotive Paints & Coatings are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Automotive Paints & Coatings Market, By Vehicle Type

7.1. Automotive Paints & Coatings Market, by Vehicle Type, 2020-2027
7.1.1. Passenger Cars
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Heavy Commercial Vehicles
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Light Commercial Vehicles
7.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Automotive Paints & Coatings Market, By Coating Type

8.1. Automotive Paints & Coatings Market, by Coating Type, 2020-2027
8.1.1. Basecoat
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Primer
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Electrocoat
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Clearcoat
8.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Automotive Paints & Coatings Market, By Technology Type

9.1. Automotive Paints & Coatings Market, by Technology Type, 2020-2027
9.1.1. Solvent borne
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Waterborne
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. UV Curved
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Powder
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Automotive Paints & Coatings Market, By Texture Type

10.1. Automotive Paints & Coatings Market, by Texture Type, 2020-2027
10.1.1. Metallic
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Solid
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Matte
10.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Automotive Paints & Coatings Market, By Distribution Channel

11.1. Automotive Paints & Coatings Market, by Distribution Channel, 2020-2027
11.1.1. Aftermarket
11.1.1.1. Market Revenue and Forecast (2016-2027)
11.1.2. OEM
11.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 12. Global Automotive Paints & Coatings Market, By Raw Material

12.1. Automotive Paints & Coatings Market, by Coating Type, 2020-2027
12.1.1. Epoxy
12.1.1.1. Market Revenue and Forecast (2016-2027)
12.1.2. Acrylic
12.1.2.1. Market Revenue and Forecast (2016-2027)
12.1.3. Polyurethane
12.1.3.1. Market Revenue and Forecast (2016-2027)
12.1.4. Other Resins
12.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 13. Global Automotive Paints & Coatings Market, Regional Estimates and Trend Forecast

13.1. North America
13.1.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.1.2. Market Revenue and Forecast, by Coating (2016-2027)
13.1.3. Market Revenue and Forecast, by Technology (2016-2027)
13.1.4. Market Revenue and Forecast, by Texture (2016-2027)
13.1.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.1.7. U.S.
13.1.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.1.7.2. Market Revenue and Forecast, by Coating (2016-2027)
13.1.7.3. Market Revenue and Forecast, by Technology (2016-2027)
13.1.7.4. Market Revenue and Forecast, by Texture (2016-2027)
13.1.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.8.1. Market Revenue and Forecast, by Raw Material (2016-2027)
13.1.9. Rest of North America
13.1.9.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.1.9.2. Market Revenue and Forecast, by Coating (2016-2027)
13.1.9.3. Market Revenue and Forecast, by Technology (2016-2027)
13.1.9.4. Market Revenue and Forecast, by Texture (2016-2027)
13.1.10. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.1.11. Market Revenue and Forecast, by Raw Material (2016-2027)
13.1.11.1.
13.2. Europe
13.2.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.2.2. Market Revenue and Forecast, by Coating (2016-2027)
13.2.3. Market Revenue and Forecast, by Technology (2016-2027)
13.2.4. Market Revenue and Forecast, by Texture (2016-2027)
13.2.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.2.7.
13.2.8. UK
13.2.8.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.2.8.2. Market Revenue and Forecast, by Coating (2016-2027)
13.2.8.3. Market Revenue and Forecast, by Technology (2016-2027)
13.2.9. Market Revenue and Forecast, by Texture (2016-2027)
13.2.10. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.10.1. Market Revenue and Forecast, by Raw Material (2016-2027)
13.2.11. Germany
13.2.11.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.2.11.2. Market Revenue and Forecast, by Coating (2016-2027)
13.2.11.3. Market Revenue and Forecast, by Technology (2016-2027)
13.2.12. Market Revenue and Forecast, by Texture (2016-2027)
13.2.13. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.14. Market Revenue and Forecast, by Raw Material (2016-2027)
13.2.14.1.
13.2.15. France
13.2.15.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.2.15.2. Market Revenue and Forecast, by Coating (2016-2027)
13.2.15.3. Market Revenue and Forecast, by Technology (2016-2027)
13.2.15.4. Market Revenue and Forecast, by Texture (2016-2027)
13.2.16. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.16.1. Market Revenue and Forecast, by Raw Material (2016-2027)
13.2.17. Rest of Europe
13.2.17.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.2.17.2. Market Revenue and Forecast, by Coating (2016-2027)
13.2.17.3. Market Revenue and Forecast, by Technology (2016-2027)
13.2.17.4. Market Revenue and Forecast, by Texture (2016-2027)
13.2.18. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.2.18.1. Market Revenue and Forecast, by Raw Material (2016-2027)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.3.2. Market Revenue and Forecast, by Coating (2016-2027)
13.3.3. Market Revenue and Forecast, by Technology (2016-2027)
13.3.4. Market Revenue and Forecast, by Texture (2016-2027)
13.3.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.3.7. India
13.3.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.3.7.2. Market Revenue and Forecast, by Coating (2016-2027)
13.3.7.3. Market Revenue and Forecast, by Technology (2016-2027)
13.3.7.4. Market Revenue and Forecast, by Texture (2016-2027)
13.3.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.9. Market Revenue and Forecast, by Raw Material (2016-2027)
13.3.10. China
13.3.10.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.3.10.2. Market Revenue and Forecast, by Coating (2016-2027)
13.3.10.3. Market Revenue and Forecast, by Technology (2016-2027)
13.3.10.4. Market Revenue and Forecast, by Texture (2016-2027)
13.3.11. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.11.1. Market Revenue and Forecast, by Raw Material (2016-2027)
13.3.12. Japan
13.3.12.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.3.12.2. Market Revenue and Forecast, by Coating (2016-2027)
13.3.12.3. Market Revenue and Forecast, by Technology (2016-2027)
13.3.12.4. Market Revenue and Forecast, by Texture (2016-2027)
13.3.12.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.12.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.3.13. Rest of APAC
13.3.13.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.3.13.2. Market Revenue and Forecast, by Coating (2016-2027)
13.3.13.3. Market Revenue and Forecast, by Technology (2016-2027)
13.3.13.4. Market Revenue and Forecast, by Texture (2016-2027)
13.3.13.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.3.13.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.4.2. Market Revenue and Forecast, by Coating (2016-2027)
13.4.3. Market Revenue and Forecast, by Technology (2016-2027)
13.4.4. Market Revenue and Forecast, by Texture (2016-2027)
13.4.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.4.7. GCC
13.4.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.4.7.2. Market Revenue and Forecast, by Coating (2016-2027)
13.4.7.3. Market Revenue and Forecast, by Technology (2016-2027)
13.4.7.4. Market Revenue and Forecast, by Texture (2016-2027)
13.4.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.9. Market Revenue and Forecast, by Raw Material (2016-2027)
13.4.10. North Africa
13.4.10.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.4.10.2. Market Revenue and Forecast, by Coating (2016-2027)
13.4.10.3. Market Revenue and Forecast, by Technology (2016-2027)
13.4.10.4. Market Revenue and Forecast, by Texture (2016-2027)
13.4.11. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.12. Market Revenue and Forecast, by Raw Material (2016-2027)
13.4.13. South Africa
13.4.13.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.4.13.2. Market Revenue and Forecast, by Coating (2016-2027)
13.4.13.3. Market Revenue and Forecast, by Technology (2016-2027)
13.4.13.4. Market Revenue and Forecast, by Texture (2016-2027)
13.4.13.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.13.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.4.14. Rest of MEA
13.4.14.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.4.14.2. Market Revenue and Forecast, by Coating (2016-2027)
13.4.14.3. Market Revenue and Forecast, by Technology (2016-2027)
13.4.14.4. Market Revenue and Forecast, by Texture (2016-2027)
13.4.14.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.4.14.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.5.2. Market Revenue and Forecast, by Coating (2016-2027)
13.5.3. Market Revenue and Forecast, by Technology (2016-2027)
13.5.4. Market Revenue and Forecast, by Texture (2016-2027)
13.5.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.6. Market Revenue and Forecast, by Raw Material (2016-2027)
13.5.7. Brazil
13.5.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.5.7.2. Market Revenue and Forecast, by Coating (2016-2027)
13.5.7.3. Market Revenue and Forecast, by Technology (2016-2027)
13.5.7.4. Market Revenue and Forecast, by Texture (2016-2027)
13.5.8. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.8.1. Market Revenue and Forecast, by Raw Material (2016-2027)
13.5.9. Rest of LATAM
13.5.9.1. Market Revenue and Forecast, by Vehicle (2016-2027)
13.5.9.2. Market Revenue and Forecast, by Coating (2016-2027)
13.5.9.3. Market Revenue and Forecast, by Technology (2016-2027)
13.5.9.4. Market Revenue and Forecast, by Texture (2016-2027)
13.5.9.5. Market Revenue and Forecast, by Distribution Channel (2016-2027)
13.5.9.6. Market Revenue and Forecast, by Raw Material (2016-2027)

Chapter 14. Company Profiles

14.1. Akzo Nobel NV
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Axalta Coating Systems
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. BASF SE
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Cabot Corp
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Clariant AG
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Covestro
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Donglai Coating Technology
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Dupont
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Eastman.
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Kansai Paint Co. Ltd
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
14.11. KCC Corporation
14.11.1. Company Overview
14.11.2. Product Offerings
14.11.3. Financial Performance
14.11.4. Recent Initiatives
14.12. Nippon Paint Holdings Co. Ltd
14.12.1. Company Overview
14.12.2. Product Offerings
14.12.3. Financial Performance
14.12.4. Recent Initiatives
14.13. PPG Industries, Inc.
14.13.1. Company Overview
14.13.2. Product Offerings
14.13.3. Financial Performance
14.13.4. Recent Initiatives
14.14. The Valspar Corporation.
14.14.1. Company Overview
14.14.2. Product Offerings
14.14.3. Financial Performance
14.14.4. Recent Initiatives
14.15. Wanda Refinish
14.15.1. Company Overview
14.15.2. Product Offerings
14.15.3. Financial Performance
14.15.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions

Chapter 16. Appendix

16.1. About Us
16.2. Glossary of Terms

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