Global Automotive Coatings Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of Global Automotive Coatings market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-20 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-26) | 5% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, UK, France, Italy, Spain | |
| Asia-Pacific: China, India, Japan, South Korea, Australia | |
| South America: Brazil, Argentina | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa, Qatar | |
| Key Companies Profiled | BASF SE, Axalta Coating Systems, PPG Industries, Inc., Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd., The Valspar Corporation, KCC Corporation, The Sherwin-Williams Company, Akzonobel N.V., Covestro AG, Arkema SA, Cabot Corporation, Clariant AG, Lord Corporation, Solvay S.A etc. |
| Unit Denominations | USD Million/Billion |
Market Opportunities
According to MarkNtel Advisors’ research report “Global Automotive Coatings Market Analysis, 2020”, the Global Automotive Coatings market is anticipated to grow at a CAGR of around 5% during 2021-26F. The growth of the market is attributed to burgeoning demand for automotive coating solutions as it provides protection to the vehicle from environmental aggressors such as rust, water, snow, coupled with paradigm shift of the consumers toward proper maintenance of vehicles. Furthermore, rising investment by the market players on introducing economical and high-performance solutions and escalating trends pertaining to automobile renovation, along with snowballing inclination towards powder coatings in order to reduce VOC content emissions are the factors strongly contributing towards the growth of the market in the forthcoming period.
Market Segmentation
Metal Parts Accounted for Considerable Market Share
Based on Application, Metal Parts accounted for considerable market share in the Global Automotive Coating market in 2019 due to rising application and consumption of metals for the production of automobiles. Besides this, the Plastic parts is also gaining pace a robust rate owing to lightweight, corrosion resistance, greater durability, and recyclability and burgeoning use of carbon fiber in vehicle manufacturing. Thus, this is anticipated to proliferate the growth of Automotive Coatings market in the coming years as revealed by the MarkNtel Advisors’ research report “Global Automotive Coatings Market Analysis, 2020”.
COVID-19 Impact
The COVID-19 pandemic has impacted the demand for automotive coating globally in short and medium run due to significant decline in the sales of automobiles, decreased expenditure towards customizing vehicles and strict lockdown measures taken by the governments globally. Industry players are rapidly entering into long term contracts with suppliers in an attempt to retain their customer base. Furthermore, are likely to hinder the automotive coatings market growth
Competitive Landscape
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Automotive Coatings market include BASF SE, Axalta Coating Systems, PPG Industries, Inc., Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd., The Valspar Corporation, KCC Corporation, The Sherwin-Williams Company, Akzonobel N.V., Covestro AG, Arkema SA, Cabot Corporation, Clariant AG, Lord Corporation, Solvay S.A etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
A. The market size/industry size or the market value is measured in terms of USD Million.
A. The Global Automotive Coatings Market is forecast to grow at a CAGR of 5% during 2021-26.
A. BASF SE, Axalta Coating Systems, PPG Industries, Inc., Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd., The Valspar Corporation, KCC Corporation, The Sherwin-Williams Company, Akzonobel N.V., Covestro AG, Arkema SA, Cabot Corporation, Clariant AG, Lord Corporation, Solvay S.A are few of the leading players in the Global Automotive Coatings Market.
