According to a new report published by Allied Market Research, titled, "Automotive Coatings Market," The automotive coatings market was valued at $18.8 billion in 2022, and is estimated to reach $37.4 billion by 2032, growing at a CAGR of 7.2% from 2023 to 2032.
The expansion of the automotive industry in emerging markets, coupled with increased consumer purchasing power, creates new opportunities for automotive coatings. Adapting coatings to meet regional preferences and environmental conditions is crucial in these markets. These factors are projected to boost the growth of the automotive coating market; thus, offering the most lucrative opportunities during the forecast period.
For the purpose of analysis, the automotive coatings market is segmented on the basis of resin type, vehicle type, application, and region. By resin type, the market is categorized into epoxy, acrylic, polyurethane, and others. By vehicle type, it is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. On the basis of technology, the market is classified into solvent-borne, water-borne, powder coating, and UV cured coatings. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global automotive coatings market include Arkema, Akzonobel, PPG Industries Inc, Solvay, Clariant AG, Nippon Paint Holdings Co., Ltd., Kansai Paints Co. Ltd., Axalta Coating Systems LLC., BASF India Ltd, Cabot Corporation, and Beckers Group AB.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive coatings market analysis from 2022 to 2032 to identify the prevailing automotive coatings market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the automotive coatings market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global automotive coatings market trends, key players, market segments, application areas, and market growth strategies.
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- Industry life cycle assessment, by region
- Investment Opportunities
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- Pain Point Analysis
- Regulatory Guidelines
- Brands Share Analysis
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- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Key Market Segments
By Technology
- Solvent-Borne
- Water-Borne
- Powder Coating
- UV cured coatings
By Resin Type
- Epoxy
- Acrylic
- Polyurethane
- Others
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Region
- North America
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa,
- Saudi Arabia
- Rest of LAMEA
Key Market Players:
- Arkema
- Kansai Paints Co. Ltd.
- Solvay
- PPG Industries Inc
- akzonobel
- Nippon Paint Holdings Co., Ltd.
- Axalta Coating Systems LLC.
- BASF India Ltd
- Beckers Group AB
- Cabot Corporation