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Global Commercial Vehicle Coatings Market Research Report: Forecast (2022-27)

By Product Type (Primer, Basecoat, Electro-coats, Clear-coats), By Substrate (Metal, Plastic, Composite), By Technology (Waterborne Coatings, Solvent-borne Coatings, Powder Coating......s, UV-Cured Coatings), By Resin Type (Polyurethane, Epoxy, Acrylic, Others (Vinyl, Alkyd, etc.)), By Application (Light Commercial Vehicle (Pickup Trucks, Pickup Vans & Trucks, Light Bus), Medium & Heavy Commercial Vehicle), By Demand (OEM, Aftermarket), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Company (Axalta Coating Systems, BASF, PPG Industries, Kansai Paint, Akzo Nobel, Valspar Corporation, Cabot Corporation, Clariant AG, Eastman Chemical Company, Lord Corporation, Nippon Paints, Arkema SA, Beckers Group, Berger Paints, Clariant AG, Others) Read more

Automotive
Aug 2022
Pages 178
Report Format: PDF, Excel, PPT

Market Definition

Automotive coatings are applied on vehicle surfaces for both aesthetic & protection purposes to enhance the vehicle's durability and resistance to heat, UV rays, dust, corrosion, & other foreign particles. Nowadays, automotive OEMs employ multiple layers of coatings on modern vehicles in order to ensure their long-lasting protection.

The growing trend of customized vehicle colors worldwide is compelling more and more companies to expand their production capacities for automotive coatings to cater to the ever-growing end-user requirements, which, in turn, is positively impacting the industry's expansion globally.

Market Insights

The Global Commercial Vehicle Coatings Market is expected to grow at a CAGR of around 4% during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the swift expansion of various end-user industries like construction, e-commerce, and transportation & logistics, among others, globally, i.e., leading to the burgeoning production of commercial vehicles and augmenting the demand for paints & coatings for them.

Besides, the increasing focus of governments worldwide on vehicle scrappage programs, their massive investments in infrastructure developments, and stringent regulations for commercial vehicle length & loading limits are further contributing to the expanding size of the commercial vehicle coatings industry. In addition, the growing demand for tippers & trucks owing to a rapid rise in mining activities is further augmenting the production & sales of automotive coatings for commercial vehicles globally.

Simultaneously, the soaring demand for both small and medium & heavy commercial vehicles for the booming transportation & logistics sector, owing to the growing e-commerce & retail businesses, is another prominent aspect expected to continue escalating the expansion of the commercial vehicle coatings market through 2027.

Report Coverage	Details
Study Period	Historical Data: 2017-20
	Base Year: 2021
	Forecast Period: 2022-27
CAGR (2022-2027)	4%
Regions Covered	North America: The US, Canada, Mexico
	Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
	South America: Brazil, Argentina, Rest of South America
	Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Rest of MEA
Key Companies Profiled	Axalta Coating Systems, BASF, PPG Industries, Kansai Paint, Akzo Nobel, Valspar Corporation, Cabot Corporation, Clariant AG, Eastman Chemical Company, Lord Corporation, Nippon Paints, Arkema SA, Beckers Group, Berger Paints, Clariant AG, Others.
Unit Denominations	USD Million/Billion

Latest Trend in the Global Commercial Vehicle Coatings Market

The Rapidly Expanding Automotive Industry and Diminishing Utilization of Emission-Producing Paints & Coatings

The automotive sector worldwide is undergoing rapid technological advancement along with creative discoveries. Swift transitions in society, technologies, & growing environmental concerns are transforming the way we travel or how products are transported globally. The emerging trend toward sustainability is compelling automakers to adopt more environmentally conscious materials in their manufacturing processes.

The surging demand for commercial vehicles across different end-user industries, such as retail, e-commerce, logistics, construction, etc., especially across countries like China, India, South Korea, Mexico, & Brazil, is leading to the burgeoning production & sales of automotive coatings globally.

As a result, there are increasing concerns over mounting carbon emissions, owing to which automotive coating manufacturers are focusing actively on developing eco-friendly products in order to lower the environmental degradation caused by their product offerings. Moreover, several government organizations are also taking active initiatives toward encouraging the utilization of efficient technologies to reduce emission levels.

Hence, bio-based polyurethane dispersions & water-based coatings, which have low VOC levels, are gaining traction and replacing the conventionally used solvent-borne solutions in automotive manufacturing. Moreover, the growing end-user requirements for aesthetic & comfortable interiors are further contributing to the mounting demand for waterborne coatings that offer a luxury look & feel to vehicles.

Furthermore, the ever-growing inclination of automakers toward using thermal spray technologies & advanced powder coatings is another prominent aspect expected to boost the growth of the commercial vehicle coatings market through 2027.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Impact of COVID-19 on Global Commercial Vehicle Coatings Market
Global Commercial Vehicle Coatings Market Regulations & Policy
Global Commercial Vehicle Coatings Market Trends & Insights
Global Commercial Vehicle Coatings Market Dynamics
1. Growth Drivers
2. Challenges
Global Commercial Vehicle Coatings Market Hotspots & Opportunities
Global Commercial Vehicle Coatings Market Supply Chain Analysis
Global Commercial Vehicle Coatings Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Quantity Sold (Thousand Tons)
2. Market Share & Analysis
  1. By Product Type
    1. Primer
    2. Basecoat
    3. Electro-coats
    4. Clear-coats
  2. By Substrate
    1. Metal
    2. Plastic
    3. Composite
  3. By Technology
    1. Waterborne Coatings
    2. Solvent-borne Coatings
    3. Powder Coatings
    4. UV-Cured Coatings
  4. By Resin Type
    1. Polyurethane
    2. Epoxy
    3. Acrylic
    4. Others (Vinyl, Alkyd, etc.)
  5. By Application
    1. Light Commercial Vehicle
      1. Pickup Trucks
      2. Pickup Vans & Trucks
      3. Light Bus
    2. Medium & Heavy Commercial Vehicle
  6. By Demand
    1. OEM
    2. Aftermarket
  7. By Region
    1. North America
    2. South America
    3. Europe
    4. Middle East & Africa
    5. Asia-Pacific
  8. By Company
    1. Competition Characteristics
    2. Revenues Shares
North America Commercial Vehicle Coatings Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. By Revenues
  2. By Quantity Sold
2. Market Share & Analysis
  1. By Product Type
  2. By Substrate
  3. By Technology
  4. By Resin Type
  5. By Application
  6. By Demand
  7. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
4. Canada Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
5. Mexico Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
South America Commercial Vehicle Coatings Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. By Revenues
  2. By Quantity Sold
2. Market Share & Analysis
  1. By Product Type
  2. By Substrate
  3. By Technology
  4. By Resin Type
  5. By Application
  6. By Demand
  7. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
4. Argentina Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
Europe Commercial Vehicle Coatings Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. By Revenues
  2. By Quantity Sold
2. Market Share & Analysis
  1. By Product Type
  2. By Substrate
  3. By Technology
  4. By Resin Type
  5. By Application
  6. By Demand
  7. By Country
    1. Germany
    2. The UK
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. Germany Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
4. The UK Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
5. France Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
6. Italy Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
7. Spain Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
Middle East & Africa Commercial Vehicle Coatings Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. By Revenues
  2. By Quantity Sold
2. Market Share & Analysis
  1. By Product Type
  2. By Substrate
  3. By Technology
  4. By Resin Type
  5. By Application
  6. By Demand
  7. By Country
    1. UAE
    2. Saudi Arabia
    3. South Africa
    4. Egypt
    5. Rest of MEA
3. UAE Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
4. Saudi Arabia Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
5. South Africa Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
6. Egypt Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
Asia-Pacific Commercial Vehicle Coatings Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. By Revenues
  2. By Quantity Sold
2. Market Share & Analysis
  1. By Product Type
  2. By Substrate
  3. By Technology
  4. By Resin Type
  5. By Application
  6. By Demand
  7. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Australia
    6. Rest of Asia-Pacific
3. China Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
4. India Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
5. Japan Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
6. South Korea Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
7. Australia Commercial Vehicle Coatings Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues
    2. By Quantity Sold
  2. Market Share & Analysis
    1. By Product Type
    2. By Application
    3. By Demand
Global Commercial Vehicle Coatings Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Research & Development
  4. Strategic Alliances
  5. Strategic Initiatives
2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Axalta Coating Systems
  2. BASF
  3. PPG Industries
  4. Kansai Paint
  5. Akzo Nobel
  6. Valspar Corporation
  7. Cabot Corporation
  8. Clariant AG
  9. Eastman Chemical Company
  10. Lord Corporation
  11. Nippon Paints
  12. Arkema SA
  13. Beckers Group
  14. Berger Paints
  15. Clariant AG
  16. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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