Automotive Paints and Coatings Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, India, Germany, France - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 184 SKU: IRTNTR43769

Automotive Paints and Coatings Market Forecast 2024-2028

The automotive paints and coatings market size is forecast to increase by USD 4.02 billion, at a CAGR of 3.88% between 2023 and 2028. The growth rate of the market depends on several factors, including increasing demand for innovative and speciality coatings, rising advancements in coating technology, and growing emphasis on color matching and digitalization. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.

What will be the  Market Size During the Forecast Period?

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Market Definition 

Automotive paints and coatings refer to specialized formulations applied to automotive surfaces to provide protection, appearance, and functional properties of vehicles, including passenger cars, commercial vehicles, trucks, buses, motorcycles, and other types of automobiles. The products are designed to withstand harsh environmental conditions, mechanical stresses, and chemical exposures encountered during vehicle operation and use.

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Key Drivers, Trends, Challenges

Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Growth Analysis Driver

Rising advancements in coating technology are notably driving market growth. Advances in high-performance coatings have led to the development of these materials with superior properties such as scratch resistance, chemical resistance, weatherability, and durability. These materials provide long-lasting protection against environmental factors, harsh weather conditions, and mechanical abrasion, enhancing the appearance and longevity of automotive finishes. High-performance materials are increasingly used in premium vehicles, luxury cars, and high-end applications where superior performance is essential. Nano-coatings and ceramic materials utilize nanotechnology to create thin, protective layers on automotive surfaces. 

Moreover, with the increased focus on hygiene and cleanliness, antimicrobial coatings have gained traction in the automotive industry. These materials contain antimicrobial agents that inhibit the growth of bacteria, viruses, and other microorganisms on vehicle surfaces, reducing the risk of contamination and transmission of pathogens. Antimicrobial materials are used in automotive interiors, door handles, touchscreens, and other high-touch surfaces to promote health and safety for vehicle occupants. Thus, these factors will enhance the growth of the market during the forecast period.

Significant  Market Trends and Analysis

The emergence of self-healing and self-cleaning coatings is an emerging trend shaping market growth. Self-healing coatings contain microcapsules or other healing agents that are released when the coating is scratched or damaged. These agents react with air or moisture to repair the damaged area, effectively filling in scratches and restoring the coating's integrity. Self-healing materials help to maintain the appearance and performance of automotive paintwork, reducing the need for frequent touch-ups and refinishing. They utilize hydrophobic or photocatalytic properties to repel dirt, water, and other contaminants from the vehicle surface. These materials prevent dirt and grime from adhering to the paintwork, making it easier to clean and maintain the appearance of the vehicle.

Moreover, self-cleaning coatings also offer protection against environmental pollutants, UV radiation, and staining, prolonging the lifespan of the paint. Thus, as vehicle owners seek improved durability and ease of maintenance, there is a growing demand for self-healing and self-cleaning materials in the automotive industry, which will boost the market growth and trends during the forecast period.

Major Challenge

Stringent environmental regulations is a significant challenge hindering market growth. Meeting stringent environmental regulations often requires manufacturers to invest in research and development, process improvements, and emissions control technologies. Compliance costs associated with implementing pollution control measures, upgrading equipment, and testing for regulatory compliance can be substantial, impacting the profitability and competitiveness of manufacturers. Environmental regulations may necessitate changes in formulations to reduce or eliminate hazardous substances and VOCs.

Moreover, stringent environmental regulations extend beyond manufacturing to encompass the entire supply chain, including raw material suppliers, distributors, and service providers. Manufacturers collaborate with suppliers to source sustainable raw materials, reduce energy consumption, and minimize waste throughout the supply chain. Sustainable sourcing practices, green procurement policies, and supply chain transparency support environmental sustainability objectives and regulatory compliance will add complexity and will inhibit the growth of the market during the forecast period.

Segmentation by Application, Product and Geography

Application Analysis 

The market share growth by the passenger cars segment will be significant during the forecast years. One of the primary purposes of automotive paints and coatings is to enhance the aesthetic appeal of passenger cars. Manufacturers offer a wide range of colors and finishes, including solid colors, metallics, pearls, and custom designs, allowing consumers to personalize their vehicles according to their preferences. Automotive manufacturers often use paint colors and finishes as a means of branding and differentiating their vehicles in the market. 

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The passenger cars segment was the largest and was valued at USD 12.48 billion in 2018. Moreover, specialized materials are applied to the exterior surfaces of passenger cars to provide scratch and chip resistance, helping to maintain the vehicles' appearance and resale value. Clearcoats and protective film coatings offer an additional layer of defense against minor scratches, stone chips, and abrasions caused by road debris. In addition to exterior materials, paints and coatings are also used to enhance the interior surfaces of passenger cars, including dashboards, door panels, and trim. Interior coatings protect against wear and tear, UV radiation, and stains while also enhancing the aesthetics and comfort of the vehicle cabin. Thus, these factors will boost the growth of the passenger cars segment of the market during the forecast period.

Application Analysis 

Based on the application, the market has been segmented into passenger cars, commercial vehicles, and heavy commercial vehicles. The passenger cars segment will account for the largest share of this segment.? Solvent-based coatings typically have strong adhesion properties, allowing them to bond effectively with various substrates, including metal, plastic, and composite materials. This ensures a durable and long-lasting finish, even in harsh environmental conditions. Solvent-based coatings offer excellent resistance to chemicals, solvents, fuels, and abrasion, making them suitable for applications where durability and protection are critical, such as automotive exteriors and underbody components. Solvent-based paints are often preferred by automotive refinishers and professionals due to their ease of application and ability to provide smooth and uniform coverage. They can be applied using various application methods, including spray guns, brushes, and rollers, with minimal risk of runs, sags, or dry spray. Thus, factors such as ease of application, excellent adhesion, fast drying with high gloss, and color retention will enhance the growth of the solvent-based products segment of the market during the forecast period.

Region Analysis

APAC is estimated to contribute 51% to the growth of the global market during the projection period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.

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Further, the rapid expansion of the automotive industry in these countries such as including China, India, Japan, and South Korea, fueled by rising disposable incomes, urbanization, and infrastructure development, has led to increased demand for automotive paints and coatings. APAC countries such as China and India are major manufacturing hubs for automotive OEMs, attracting investment from both domestic and international companies. The growing production of passenger cars, commercial vehicles, and two-wheelers in the region has resulted in a corresponding increase in the consumption of paints and coatings for vehicle assembly and finishing. Additionally, the APAC region is witnessing a growing adoption of EVs as governments and consumers increasingly prioritize sustainability and reduce reliance on fossil fuels. 

Furthermore, automotive OEMs, suppliers, and consumers in the APAC region are placing greater emphasis on sustainability and environmental stewardship. There is a growing demand for paints and coatings that minimize environmental impact, reduce energy consumption, and improve recyclability. For instance, duluxGroup (a subsidiary of Nippon Paint Holdings Co., Ltd) has set its own goal of achieving net zero CO2 emissions by FY2050, with interim targets of 50% renewable energy consumption and 50% CO2 emissions reduction by FY2030. Thus, these factors will drive the growth of the regional market during the forecast period.

Automotive Paints and Coatings Market Key Companies

Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

3M Co - The company offers automotive paint and coatings such as 3M polyester thinner, 3M rust preventer spray, 3M dry guide coat, and 3M Scotchcast electrical resin.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including 3M Co., Akzo Nobel NV, Arkema Group, Axalta Coating Systems Ltd., Clariant International Ltd., Colors Co. for Paints, Covestro AG, Diamond Vogel, Durr AG, Jotun AS, Kansai Paint Co. Ltd., KCC Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, The Sherwin Williams Co., WEG Equipamentos Eletricos S.A., YATU ADVANCED MATERIALS CO., LTD., Henkel AG and Co. KGaA, and BASF SE

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market is witnessing substantial growth with applications in both automotive OEM and automotive refinish segments, driven by a commendable CAGR (Compound Annual Growth Rate) and the increasing production of vehicles. As the automotive sector expands, particularly in the realm of electric vehicles, the demand for specialized coatings like polyurethane resin and polyurethanes is on the rise. Geopolitical disturbances may pose challenges, leading to delivery backlogs for automakers, emphasizing the importance of robust after-sale services and paint protection solutions. The market is adapting to the evolving landscape with a focus on innovative functional coatings for various automotive components, enhancing corrosion resistance and durability.

In addition, the Indian economy, backed by initiatives like "Aatma Nirbhar Bharat" and "Make in India", supports the automotive sector's growth, fostering an environment conducive to the increased annual production of automobiles and rising passenger car sales or EV sales. With a strategic focus on electric vehicles, the electric industry and the construction industry are aligning with the government reforms, driven by schemes like Faster Adoption and Manufacturing of Hybrid and Electric Vehicles, aiming to boost EV penetration and advance charging technologies for a sustainable future.

Segment Overview

The market report predicts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028

  • Application Outlook 
    • Passenger cars
    • Commercial vehicles
    • Heavy commercial vehicles
  • Product Outlook
    • Solvent-based products
    • Water-based products
    • Other technology-based products
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Automotive Paints and Coatings Market Scope

Report Coverage

Details

Page number

184

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.88%

Market Growth 2024-2028

USD 4.02 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

3.33

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 51%

Key countries

US, China, India, Germany, and France

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Akzo Nobel NV, Arkema Group, Axalta Coating Systems Ltd., Clariant International Ltd., Colors Co. for Paints, Covestro AG, Diamond Vogel, Durr AG, Jotun AS, Kansai Paint Co. Ltd., KCC Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, The Sherwin Williams Co., WEG Equipamentos Eletricos S.A., YATU ADVANCED MATERIALS CO., LTD., Henkel AG and Co. KGaA, and BASF SE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2024 and 2028
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global automotive paints and coatings market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global automotive paints and coatings market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Product Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Passenger cars - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Passenger cars - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Passenger cars - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Passenger cars - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Passenger cars - Year-over-year growth 2023-2028 (%)
    • 6.4 Commercial vehicles - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Commercial vehicles - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Commercial vehicles - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Commercial vehicles - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Commercial vehicles - Year-over-year growth 2023-2028 (%)
    • 6.5 Heavy commercial vehicles - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Heavy commercial vehicles - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Heavy commercial vehicles - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Heavy commercial vehicles - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Heavy commercial vehicles - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 48: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Product - Market share 2023-2028 (%)
    • 7.2 Comparison by Product
      • Exhibit 50: Chart on Comparison by Product
      • Exhibit 51: Data Table on Comparison by Product
    • 7.3 Solvent-based products - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Solvent-based products - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Solvent-based products - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Solvent-based products - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Solvent-based products - Year-over-year growth 2023-2028 (%)
    • 7.4 Water-based products - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Water-based products - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Water-based products - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Water-based products - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Water-based products - Year-over-year growth 2023-2028 (%)
    • 7.5 Other technology-based products - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Other technology-based products - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Other technology-based products - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Other technology-based products - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Other technology-based products - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 64: Market opportunity by Product ($ billion)
      • Exhibit 65: Data Table on Market opportunity by Product ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 India - Market size and forecast 2023-2028
      • Exhibit 99: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 France - Market size and forecast 2023-2028
      • Exhibit 107: Chart on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on France - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on France - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 3M Co.
              • Exhibit 119: 3M Co. - Overview
              • Exhibit 120: 3M Co. - Business segments
              • Exhibit 121: 3M Co. - Key news
              • Exhibit 122: 3M Co. - Key offerings
              • Exhibit 123: 3M Co. - Segment focus
            • 12.4 Akzo Nobel NV
              • Exhibit 124: Akzo Nobel NV - Overview
              • Exhibit 125: Akzo Nobel NV - Business segments
              • Exhibit 126: Akzo Nobel NV - Key news
              • Exhibit 127: Akzo Nobel NV - Key offerings
              • Exhibit 128: Akzo Nobel NV - Segment focus
            • 12.5 Arkema Group
              • Exhibit 129: Arkema Group - Overview
              • Exhibit 130: Arkema Group - Business segments
              • Exhibit 131: Arkema Group - Key news
              • Exhibit 132: Arkema Group - Key offerings
              • Exhibit 133: Arkema Group - Segment focus
            • 12.6 Axalta Coating Systems Ltd.
              • Exhibit 134: Axalta Coating Systems Ltd. - Overview
              • Exhibit 135: Axalta Coating Systems Ltd. - Business segments
              • Exhibit 136: Axalta Coating Systems Ltd. - Key offerings
              • Exhibit 137: Axalta Coating Systems Ltd. - Segment focus
            • 12.7 BASF SE
              • Exhibit 138: BASF SE - Overview
              • Exhibit 139: BASF SE - Business segments
              • Exhibit 140: BASF SE - Key news
              • Exhibit 141: BASF SE - Key offerings
              • Exhibit 142: BASF SE - Segment focus
            • 12.8 Clariant International Ltd.
              • Exhibit 143: Clariant International Ltd. - Overview
              • Exhibit 144: Clariant International Ltd. - Business segments
              • Exhibit 145: Clariant International Ltd. - Key news
              • Exhibit 146: Clariant International Ltd. - Key offerings
              • Exhibit 147: Clariant International Ltd. - Segment focus
            • 12.9 Covestro AG
              • Exhibit 148: Covestro AG - Overview
              • Exhibit 149: Covestro AG - Business segments
              • Exhibit 150: Covestro AG - Key news
              • Exhibit 151: Covestro AG - Key offerings
              • Exhibit 152: Covestro AG - Segment focus
            • 12.10 Henkel AG and Co. KGaA
              • Exhibit 153: Henkel AG and Co. KGaA - Overview
              • Exhibit 154: Henkel AG and Co. KGaA - Business segments
              • Exhibit 155: Henkel AG and Co. KGaA - Key news
              • Exhibit 156: Henkel AG and Co. KGaA - Key offerings
              • Exhibit 157: Henkel AG and Co. KGaA - Segment focus
            • 12.11 Jotun AS
              • Exhibit 158: Jotun AS - Overview
              • Exhibit 159: Jotun AS - Business segments
              • Exhibit 160: Jotun AS - Key offerings
              • Exhibit 161: Jotun AS - Segment focus
            • 12.12 Nippon Paint Holdings Co. Ltd.
              • Exhibit 162: Nippon Paint Holdings Co. Ltd. - Overview
              • Exhibit 163: Nippon Paint Holdings Co. Ltd. - Business segments
              • Exhibit 164: Nippon Paint Holdings Co. Ltd. - Key offerings
              • Exhibit 165: Nippon Paint Holdings Co. Ltd. - Segment focus
            • 12.13 PPG Industries Inc.
              • Exhibit 166: PPG Industries Inc. - Overview
              • Exhibit 167: PPG Industries Inc. - Business segments
              • Exhibit 168: PPG Industries Inc. - Key offerings
              • Exhibit 169: PPG Industries Inc. - Segment focus
            • 12.14 RPM International Inc.
              • Exhibit 170: RPM International Inc. - Overview
              • Exhibit 171: RPM International Inc. - Business segments
              • Exhibit 172: RPM International Inc. - Key offerings
              • Exhibit 173: RPM International Inc. - Segment focus
            • 12.15 Sika AG
              • Exhibit 174: Sika AG - Overview
              • Exhibit 175: Sika AG - Business segments
              • Exhibit 176: Sika AG - Key news
              • Exhibit 177: Sika AG - Key offerings
              • Exhibit 178: Sika AG - Segment focus
            • 12.16 The Sherwin Williams Co.
              • Exhibit 179: The Sherwin Williams Co. - Overview
              • Exhibit 180: The Sherwin Williams Co. - Business segments
              • Exhibit 181: The Sherwin Williams Co. - Key news
              • Exhibit 182: The Sherwin Williams Co. - Key offerings
              • Exhibit 183: The Sherwin Williams Co. - Segment focus
            • 12.17 WEG Equipamentos Eletricos S.A.
              • Exhibit 184: WEG Equipamentos Eletricos S.A. - Overview
              • Exhibit 185: WEG Equipamentos Eletricos S.A. - Business segments
              • Exhibit 186: WEG Equipamentos Eletricos S.A. - Key offerings
              • Exhibit 187: WEG Equipamentos Eletricos S.A. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 188: Inclusions checklist
                • Exhibit 189: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 190: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 191: Research methodology
                • Exhibit 192: Validation techniques employed for market sizing
                • Exhibit 193: Information sources
              • 13.5 List of abbreviations
                • Exhibit 194: List of abbreviations

              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.

              INFORMATION 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

              DATA 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

              REPORT 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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              automotive paints and coatings market market

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
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