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Automotive Coatings Market 2019 Significant Growth Rate by Industry Size, Share, Market Dynamics, Development Status of Key Players Forecast to 2024

Automotive

The “Automotive Coatings Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Automotive Coatings industry. The information available in the Automotive Coatings market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Automotive Coatings market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Automotive Coatings Market:

  • BASF SE
  • Akzo Nobel NV
  • Axalta Coating Systems Ltd
  • Beckers Group
  • Bollig & Kemper
  • Cabot Corporation
  • Eastman Chemical Company
  • HMG Paints Limited
  • Jotun
  • Kansai Nerolac Paints Limited
  • KCC Corporation
  • Lord Corporation
  • Nippon Paint Holdings Co. Ltd
  • PPG Industries Inc.
  • Shanghai Kinlita Chemical Co. Ltd
  • The Sherwin
  • Williams Company

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    Market Overview:

  • The automotive coatings market is expected to register a CAGR of around 4% during the forecast period, 2019 – 2024. One of the major factors driving the market growth is increasing production from the automotive industry in Asia-Pacific. However, stringent regulations regarding VOC emissions are likely to restrict the market growth.
  • – Growing demand for powder coatings is also likely to boost the demand for automotive coatings.
  • – Investment opportunities in Middle East & Africa are expected to provide opportunities for market growth in the future.
  • – Asia-Pacific is expected to account for the fastest growth rate during the forecast period.<

    Scope of the Report:

  • This report studies the global Automotive Coatings market size, industry status and forecast, competition landscape and growth opportunity.

    Reasons for Buying Automotive Coatings Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Water-borne Technology is Expected to Witness the Highest Growth Rate

    – Though solvent borne technology is currently accounted for the major market share, it is expected to witness a sluggish growth rate during the forecast period.
    – One of the key reasons that is restraining the growth of solvent-borne automotive coatings is the regulations regarding the VOC emissions from hazardous air pollutants present in them like toluene, xylene, ethyl benzene, and methyl ethyl ketone.
    – The constantly evolving environmental standards are resulting in an increasing demand for water-based automotive coatings. Meanwhile the water-based coatings are identical to the solvent-based coatings, in terms of pigments and binders, they differ in carrying agent.
    – Over the last few years, mild co-solvent reducers and additives are being introduced to improve performance and drying times of water-based coatings.
    – Hence, the aforementioned reasons are likely to result in highest growth rate for water-borne technology during the forecast period.

    Asia-Pacific is Expected to Witness the Highest Growth Rate

    – In 2018, Asia-Pacific was the largest market for automotive coatings, followed by North America and Europe.
    – The growing automotive production in India and ASEAN countries is likely to boost the demand for automotive coatings in Asia-Pacific.
    – Increasing sales of pre-owned vehicles, growing cab services, and increasing vehicle repair and body shops in Asian countries are also likely to boost the demand for automotive coatings.
    – In 2018, the Chinese automotive production reached 27.81 million units, with a growth rate of -4.2% over 2017. However, the market is projected to recover over the forecast period.
    – Hence, the Asia-Pacific region is likely to witness the highest growth during the forecast period.

    Automotive Coatings Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Automotive Coatings Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Drivers
    4.1.1 Increasing Production from the Automotive Industry in Asia-Pacific
    4.1.2 Growing Demand for Powder Coatings
    4.2 Restraints
    4.2.1 Stringent Environmental Regulations Regarding VOC Emissions
    4.3 Industry Value-Chain Analysis
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5 MARKET SEGMENTATION
    5.1 Resin Type
    5.1.1 Polyurethane
    5.1.2 Epoxy
    5.1.3 Acrylic
    5.1.4 Other Resin Types
    5.2 Technology
    5.2.1 Solvent-borne
    5.2.2 Water-borne
    5.2.3 Powder
    5.3 Layer
    5.3.1 E-coat
    5.3.2 Primer
    5.3.3 Base Coat
    5.3.4 Clear Coat
    5.4 Application
    5.4.1 OEM
    5.4.2 Refinish
    5.5 Geography
    5.5.1 Asia-Pacific
    5.5.1.1 China
    5.5.1.2 India
    5.5.1.3 Japan
    5.5.1.4 South Korea
    5.5.1.5 Australia & New-Zealand
    5.5.1.6 Indonesia
    5.5.1.7 Malaysia
    5.5.1.8 Thailand
    5.5.1.9 Rest of ASEAN
    5.5.1.10 Rest of Asia-Pacific
    5.5.2 North America
    5.5.2.1 United States
    5.5.2.2 Canada
    5.5.2.3 Mexico
    5.5.3 Europe
    5.5.3.1 Germany
    5.5.3.2 France
    5.5.3.3 United Kingdom
    5.5.3.4 Italy
    5.5.3.5 Spain
    5.5.3.6 Russia
    5.5.3.7 Rest of Europe
    5.5.4 South America
    5.5.4.1 Brazil
    5.5.4.2 Argentina
    5.5.4.3 Rest of South America
    5.5.5 Middle East & Africa
    5.5.5.1 Saudi Arabia
    5.5.5.2 South Africa
    5.5.5.3 Egypt
    5.5.5.4 Rest of Middle East & Africa (MEA)

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 BASF SE
    6.4.2 Akzo Nobel NV
    6.4.3 Axalta Coating Systems Ltd
    6.4.4 Beckers Group
    6.4.5 Bollig & Kemper
    6.4.6 Cabot Corporation
    6.4.7 Eastman Chemical Company
    6.4.8 HMG Paints Limited
    6.4.9 Jotun
    6.4.10 Kansai Nerolac Paints Limited
    6.4.11 KCC Corporation
    6.4.12 Lord Corporation
    6.4.13 Nippon Paint Holdings Co. Ltd
    6.4.14 PPG Industries Inc.
    6.4.15 Shanghai Kinlita Chemical Co. Ltd
    6.4.16 The Sherwin-Williams Company

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS
    7.1 Growth in Investment Opportunities in Middle East & Africa

     

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