The global automotive coatings market size is expected to reach USD 22.96 Billion in 2032 and register a steady revenue CAGR of 4.4% during the forecast period, according to latest analysis by Emergen Research. Rising usage of powder-based coatings in the automotive industry is the key factor driving market revenue growth. Powder coating is utilized in various automobile applications, including hubcaps, bumpers, wheels, cosmetic trim, door handles, truck beds, accent components, filters, radiators, and different engine elements. Powder-coated surfaces are more resistant to scratches, chipping, wear, and fading , which are utilized in automotive applications owing to their high abrasion and corrosion resistance.
In addition, rising demand for ceramic coatings is another factor driving revenue growth of the market. This coating is commonly used to guard against dirt, filth, scratches, and other markings that affect any hard surface of a car, including the outside paint, wheels, and calipers. There are various advantages of putting a ceramic coating on the interior or exterior of a vehicle as a ceramic coating can shield the paint from Ultraviolet (UV) radiation, which causes oxidation, peeling, and paint dulling. Moreover, this coating also guards against chemical stains or acidic impurities caused by bugs, smog, or other factors. A ceramic coating also makes cleaning a vehicle much easier. However, high-performance coatings are expensive is a key factor, which could restrain market revenue growth.
The latest and updated research report on the Global Automotive Coatings Market covers a comprehensive overview of the Automotive Coatings market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Automotive Coatings market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
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Competitive Outlook: The leading companies operating in the Automotive Coatings market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Automotive Coatings Market and Profiled in the Report are:
The Sherwin-Williams Company, KCC PAINTS SDN BHD, Bayer AG, Beckers Group, Cabot Corporation, Berger Paints India Limited, Eastman Chemical Company, Valspar, CLARIANT, and Solvay;
Objectives of the Report:
Study of the global Automotive Coatings market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Automotive Coatings market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Automotive Coatings market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Automotive Coatings market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
- Resin Type Outlook (Revenue, USD Billion; 2019–2032)
- Polyurethane
- Epoxy
- Acrylic
- Others
- Technology Outlook (Revenue, USD Billion; 2019–2032)
- Solvent-based
- Water-based
- Powder-based
- Coat Type Outlook (Revenue, USD Billion; 2019–2032)
- Clear coat
- Basecoat
- Primer
- E-coat
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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