Global Commercial Vehicle Coatings

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 Coatings, UV-Cured Coatings Read more

  • Automotive
  • Aug 2022
  • 178
  • AT22021

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.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Impact of COVID-19 on Global Commercial Vehicle Coatings Market
  5. Global Commercial Vehicle Coatings Market Regulations & Policy
  6. Global Commercial Vehicle Coatings Market Trends & Insights
  7. Global Commercial Vehicle Coatings Market Dynamics
    1. Growth Drivers
    2. Challenges
  8. Global Commercial Vehicle Coatings Market Hotspots & Opportunities
  9. Global Commercial Vehicle Coatings Market Supply Chain Analysis
  10. 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
  11. 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
  12. 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
  13. 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
  14. 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
  15. 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
  16. Global Commercial Vehicle Coatings Market Key Strategic Imperatives for Success & Growth
  17. 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
  18. Disclaimer
Commercial Vehicle Coatings Market Segmentation
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