Automotive Paints Market and Automotive Coatings Market by Product, Application, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR43769
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The automotive paints and coatings market size will grow up to USD 2.89 billion at a CAGR of 3.10% during 2021-2025.

The automotive paints and coatings market report extensively covers market segmentation by product (solvent-based products, water-based products, and other products), type (electro-coat, primer coat, basecoat, and clearcoat), application (passenger cars, light commercial vehicles, and heavy commercial vehicles), and geography (APAC, Europe, North America, South America, and MEA) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Automotive Paints and Coatings Market Size be in 2021?

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Automotive Paints and Coatings Market: Key Drivers and Trends

According to our research output, there has been a neutral impact on the market growth post COVID-19 era. Key drivers such as the availability of coatings designed for fuel-efficient automotive are notably supporting the automotive paints and coatings market growth. However, one of the foremost factors impeding market growth is stringent emission regulations governing the market. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic automotive paints and coatings market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Automotive Paints and Coatings Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 3M Co.
  • Akzo Nobel NV
  • Arkema SA
  • Axalta Coating Systems Ltd.
  • BASF SE
  • Clariant International Ltd.
  • Covestro AG
  • DuPont de Nemours Inc.
  • PPG Industries Inc.
  • The Sherwin-Williams Co.

 

The automotive paints market analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The automotive paints and coatings market is fragmented and is expected to provide favorable growth environment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

Download a free sample of the automotive paints and coatings market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Automotive Paints and Coatings Market?

Automotive-Paints-And-Coatings-Market-Market-Share-by-Region-2020-2025

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The automotive paints and coatings market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 51% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for automotive paints and coatings in APAC.

APAC has been recording a significant growth rate and is expected to offer several business opportunities to market vendors during the forecast period. One of the key factors driving the growth in APAC is the increasing demand for innovative and specialty products. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Automotive Paints and Coatings Market?

Automotive-Paints-And-Coatings-Market-Market-Share-by-Product-2020-2025

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The automotive paints and coatings market report provides comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency. The automotive paints and coatings market share growth by the solvent-based products segment has been significant and is expected to provide significant growth opportunities to market vendors.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive paints and coatings market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Automotive Paints and Coatings Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive paints market growth during the next five years
  • Precise estimation of the automotive paints market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive paints and coatings market across APAC, Europe, North America, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive paints and coatings market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The automotive paints and coatings market growth will increase by $3.96 billion during 2019-2024.
The automotive paints and coatings market is expected to grow at a CAGR of 3.59% during 2019-2024.
Technavio has segmented the automotive paints and coatings market by product (Solvent-based products, Water-based products, and Other products) ,application (Passenger cars, Light commercial vehicles, and Heavy commercial vehicles) , and geographic (APAC, Europe, North America, South America, and MEA).
3M Co., Akzo Nobel NV, Arkema SA, Axalta Coating Systems Ltd., BASF SE, Clariant International Ltd., Covestro AG, KC Co. Ltd., PPG Industries Inc., Sika AG are a few of the key vendors in the automotive paints and coatings market.
APAC will register the highest growth rate of 63.38% among the other regions. Therefore, the automotive paints and coatings market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • Germany
  • South Korea (Republic of Korea)
The key factors driving the automotive paints and coatings market growth are:
  • Availability of coatings designed for fuel-efficient automotive
  • Growing adoption of UV-curable coating
The automotive paints and coatings market vendors should focus on grabbing business opportunities from the solvent-based products segment as it accounted for the largest market share in the base year.
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