Market Research Logo

Global Automotive Paints and Coatings Market 2017-2021

Global Automotive Paints and Coatings Market 2017-2021

About Automotive Paints & Coatings

Automotive paints and coatings are used to enhance the exterior appearance and durability of an automobile by shielding it from harsh external conditions such as ultraviolet (UV) radiation, heat and cold, and debris. Paint and coating play a vital role in automotive decoration. It is one of the key features which can attract a consumer toward any automotive product. The selection of automotive paints and coatings by the end-users depends on the quality and aesthetic value of the coatings. The automotive manufacturers use automotive paints and coatings in the production of new vehicles (including passenger cars, light commercial vehicles, and heavy commercial vehicles), as well as for aftermarket purposes such as vehicle repair and refinishing.

Technavio’s analysts forecast the global automotive paints and coatings market to grow at a CAGR of 4.95% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive paints and coatings market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of paints and coatings used in the original equipment manufacturer (OEM) and automotive refinish sectors of the automotive industry.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Automotive Paints & Coatings Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Axalta Coating Systems
  • BASF
  • Kansai Paint
  • Nippon Paint Holdings
  • PPG Industries
Other prominent vendors
  • 3M
  • AkzoNobel
  • Arkema
  • Berger Paints
  • Covestro
  • Clariant
  • DuPont
  • KCC
  • Sherwin-Williams
  • Valspar
Market driver
  • Coatings specifically for fuel-efficient automotive
  • For a full, detailed list, view our report
Market challenge
  • New coating process technologies: A bane
  • For a full, detailed list, view our report
Market trend
  • Growing demand for UV-curable and nanocoatings
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Paints & Coatings Market 2017-2020

Technavio recognizes the following companies as the key players in the global automotive paints and coatings market: Axalta Coating Systems, BASF, Kansai Paint, Nippon Paint Holdings, and PPG Industries

Other Prominent Vendors in the market are: 3M, AkzoNobel, Arkema, Berger Paints, Covestro, Clariant, DuPont, KCC, Sherwin-Williams, and Valspar

Commenting on the report, an analyst from Technavio’s team said: “The global automotive paints and coatings market is expected to experience an increasing focus on UV-curable coatings. Vendors in the market have introduced innovative UV-curable products such as clearcoats. PPG Industries is involved in the R&D of a UV-curable clearcoat that offers scratch and mar resistance. While UV-curable automotive OEM coatings currently account for only 6% of the market, an increase in revenue share is projected over next 10 years, with an increasing number of automotive players adopting this technology. With tightening VOC regulations, automotive OEM UV-curable coatings are expected to witness a stronger growth compared with powder coatings. Moreover, these coatings also exhibit high performance and offer faster assembly line benefits.”

According to the report, the number of laws and regulation regarding the reduction of emission of carbon dioxide from the automobiles is on the rise. The Kyoto protocol restricts the emission of carbon dioxide and other greenhouse gasses into the atmosphere. With the emission norms becoming stricter every passing day, there is a rise in demand for the lightweight materials like plastics in paints. The application of plastic-based paints in automobile components can help to achieve the necessary emission requirements and increase the vehicular efficiency. The reduction in vehicular weight is highly necessary, and there is a range of new low-density paints and coatings that can be considered for the automotive industry.

Further, the report states that solvent-borne coatings contain volatile chemicals that are potentially hazardous to the environment. Regulatory authorities in many countries in Western Europe and North America have set up regulations that seek to limit the negative impact of such products. For instance, in the EU, the Restriction of Hazardous Substances directive, which pertains to the safety of the environment, requires vendors to produce safe chemical products that are free from hazardous substances such as lead, cadmium, mercury, polybrominated diphenylethers, polybrominated bisphenyls, and hexavalent chromium.

Companies Mentioned

Axalta Coating Systems, BASF, Kansai Paint, Nippon Paint Holdings, PPG Industries, 3M, AkzoNobel, Arkema, Berger Paints, Covestro, Clariant, DuPont, KCC, Sherwin-Williams, Valspar.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Global automotive paints and coatings market
      • Table Segmentation of automotive paints and coatings market by coat type
      • Table Segmentation of automotive paints and coatings market by technology
      • Table Segmentation of automotive paints and coatings market by vehicle type
      • Table Segmentation of automotive paints and coatings market by geography
    • Top vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Overview
      • Table Global automotive paints and coatings market by end-user 2016 and 2021
    • Types of textures in automotive paints and coatings
      • Table Global four wheelers automotive production 2016-2021 (millions of units)
  • Market landscape
    • Global automotive paints and coatings market
      • Table Global automotive paints and coatings market 2016 and 2021 ($ billions)
      • Table Market forecast: Global automotive paints and coatings market 2016-2021
    • Global customer base concentration
      • Table Global automotive paints and coatings market: Concentration of customer base by region 2016
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by coat type
    • Global automotive paints and coatings market by coat type
      • Table Global automotive paints and coatings market by coat type 2016
      • Table Sequence of automotive coat layers and other processes
  • Market segmentation by product type
    • Global automotive paints and coatings market by technology
      • Table Global automotive paints and coatings market by technology 2016
      • Table Global automotive paints and coatings market by technology 2021
      • Table YoY market share: Global automotive paints and coatings market by technology 2016-2021
  • Global automotive paints and coatings market by solventbased products
    • Table Global automotive paints and coatings market by solvent-based products 2016 and 2021 ($ billions)
    • Table Market forecast: Global automotive paints and coatings market by solvent-based products 2016-2021
    • Global automotive paints and coatings market by water-based products
      • Table Global automotive paints and coatings market by water-based products 2016 and 2021 ($ billions)
      • Table Market forecast: Global automotive paints and coatings market by water-based products 2016-2021
    • Global automotive paints and coatings market by other technology-based products
      • Table Global automotive paints and coatings market by other technology-based products 2016 and 2021 ($ billions)
      • Table Market forecast: Global automotive paints and coatings market by other technologybased products 2016-2021
  • Market segmentation by vehicle type
    • Global automotive paints and coatings market by vehicle type
      • Table Global automotive paints and coatings market by vehicle type 2016
      • Table Global automotive paints and coatings market by vehicle type 2021
      • Table YoY market share: Global automotive paints and coatings market by vehicle 2016-2021
    • Global automotive paints and coatings market in passenger car segment
      • Table Global automotive paints and coatings market in passenger car segment 2016 and 2021 ($ billions)
      • Table Market forecast: Global automotive paints and coatings market in passenger car segment 2016-2021
    • Global automotive paints and coatings market in light commercial vehicle segment
      • Table Global automotive paints and coatings market in light commercial vehicle segment 2016 and 2021 ($ billions)
      • Table Market forecast: Global automotive paints and coatings market in light commercial vehicle segment 2016-2021
    • Global automotive paints and coatings market in heavy commercial vehicle segment
      • Table Global automotive paints and coatings market in heavy commercial vehicle segment 2016 and 2021 ($ billions)
      • Table Market forecast: Global automotive paints and coatings market in heavy commercial vehicle segment 2016-2021
  • Geographical segmentation
    • Global automotive paints and coatings market by geography
      • Table Global automotive paints and coatings market by geography 2016
      • Table Global automotive paints and coatings market by geography 2021
      • Table YoY market share: Global automotive paints and coatings market by geography 2016-2021
    • Automotive paints and coatings market in APAC
      • Table Automotive paints and coatings market in APAC 2016 and 2021 ($ billions)
      • Table Market forecast: Automotive paints and coatings market in APAC 2016-2021
    • Automotive paints and coatings market in Europe
      • Table Automotive paints and coatings market in Europe 2016 and 2021 ($ billions)
      • Table Market forecast: Automotive paints and coatings market in Europe 2016-2021
    • Automotive paints and coatings market in North America
      • Table Automotive paints and coatings market in North America 2016 and 2021 ($ billions)
      • Table Market forecast: Automotive paints and coatings market in North America 2016-2021
    • Automotive paints and coatings market in ROW
      • Table Automotive paints and coatings market in ROW 2016 and 2021 ($ billions)
      • Table Market forecast: Automotive paints and coatings market in ROW 2016-2021
  • Key leading countries
    • Table Key leading countries in automotive paints and coatings market 2016
    • Table Automotive production statistics in key countries 2015
    • China
    • US
    • Japan
    • Germany
    • South Korea
    • India
  • Market drivers
    • Coatings specifically for fuel-efficient automotive
    • Increasing demand for innovative and specialty products
    • Rapid expansion of automotive industry in APAC
      • Table Automotive production in key APAC countries 2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Stringent regulations
    • Increase in raw material prices
      • Table Crude oil price 2009-2015 ($ per barrel)
    • New coating process technologies: A bane
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing demand for UV-curable and nanocoatings
      • Table Global nanocoatings market 2016-2021 ($ billions)
    • Increased focus on R&D
    • Provision of support services
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Key vendors: Global automotive paints and coatings market 2016
    • Other prominent vendors
    • Axalta Coating Systems
      • Table Axalta Coating Systems: Business segmentation by revenue 2015
    • BASF
      • Table BASF: Business segmentation by revenue 2015
      • Table BASF: Geographical segmentation by revenue 2015
    • Kansai Paint
      • Table Kansai Paint: Business segmentation by revenue 2015
      • Table Kansai Paint: Geographic segmentation by revenue 2015
    • Nippon Paint Holdings
      • Table Nippon Paint Holdings: Business segmentation by revenue 2015
      • Table Nippon Paint Holdings: Geographic segmentation by revenue 2015
    • PPG Industries
      • Table PPG Industries: Business segmentation by revenue 2015
      • Table PPG Industries: Geographic segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report