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Automotive Paint & Coating-Global Market Insights and Sales Trends 2024
Synopsis
Automotive coatings, like most Other, are used mainly to provide protection and decoration. Water-based acrylic polyurethane enamel paint is currently the most widely used paint for reasons including reducing paint's environmental impact. Modern automobile paint is applied in several layers, with a total thickness of around 100 µm(0.1mm). Paint application requires preparation and primer steps to ensure proper application. A basecoat is applied after the primer paint is applied. Following this, a clearcoat of paint may be applied that forms a glossy and transparent coating. The clearcoat layer must be able to withstand UV light.
The global Automotive Paint & Coating market size is expected to reach US$ 23970 million by 2029, growing at a CAGR of 2.5% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Paint & Coating in various end use industries. The expanding demands from the OEM, Parts and Refinish,, are propelling Automotive Paint & Coating market. Water-based Coating, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Solvent Coating segment is estimated at % CAGR for the next seven-year period.
The key players are PPG Industries, BASF and Axalta Coating Systems, etc. Top 3 companies occupied about 55% market share.Asia-Pacific is the largest market, with a share about 45%, followed by Europe and North America with the share about 25% and 17%.In terms of product, water-based coating is the largest segment, with a share over 60%. And in terms of application, the largest application is OEM, followed by refinish.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Paint & Coating, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Paint & Coating market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Paint & Coating market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Paint & Coating sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Paint & Coating covered in this report include PPG Industries, BASF, Axalta, Nippon Paint, AkzoNobel, Sherwin Williams, Kansai Paint, KCC Corporation and Xiangjiang Kansai Paint, etc.
The global Automotive Paint & Coating market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
PPG Industries
BASF
Axalta
Nippon Paint
AkzoNobel
Sherwin Williams
Kansai Paint
KCC Corporation
Xiangjiang Kansai Paint
YATU
Kinlita
Peter Lacke
Donglai
Global Automotive Paint & Coating market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Paint & Coating market, Segment by Type:
Water-based Coating
Solvent Coating
Powder Coating
High Solid Coating
Global Automotive Paint & Coating market, by Application
OEM
Parts
Refinish
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Paint & Coating manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Paint & Coating in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Automotive coatings, like most Other, are used mainly to provide protection and decoration. Water-based acrylic polyurethane enamel paint is currently the most widely used paint for reasons including reducing paint's environmental impact. Modern automobile paint is applied in several layers, with a total thickness of around 100 µm(0.1mm). Paint application requires preparation and primer steps to ensure proper application. A basecoat is applied after the primer paint is applied. Following this, a clearcoat of paint may be applied that forms a glossy and transparent coating. The clearcoat layer must be able to withstand UV light.
The global Automotive Paint & Coating market size is expected to reach US$ 23970 million by 2029, growing at a CAGR of 2.5% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Paint & Coating in various end use industries. The expanding demands from the OEM, Parts and Refinish,, are propelling Automotive Paint & Coating market. Water-based Coating, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Solvent Coating segment is estimated at % CAGR for the next seven-year period.
The key players are PPG Industries, BASF and Axalta Coating Systems, etc. Top 3 companies occupied about 55% market share.Asia-Pacific is the largest market, with a share about 45%, followed by Europe and North America with the share about 25% and 17%.In terms of product, water-based coating is the largest segment, with a share over 60%. And in terms of application, the largest application is OEM, followed by refinish.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Paint & Coating, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Paint & Coating market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Paint & Coating market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Paint & Coating sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Paint & Coating covered in this report include PPG Industries, BASF, Axalta, Nippon Paint, AkzoNobel, Sherwin Williams, Kansai Paint, KCC Corporation and Xiangjiang Kansai Paint, etc.
The global Automotive Paint & Coating market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
PPG Industries
BASF
Axalta
Nippon Paint
AkzoNobel
Sherwin Williams
Kansai Paint
KCC Corporation
Xiangjiang Kansai Paint
YATU
Kinlita
Peter Lacke
Donglai
Global Automotive Paint & Coating market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Paint & Coating market, Segment by Type:
Water-based Coating
Solvent Coating
Powder Coating
High Solid Coating
Global Automotive Paint & Coating market, by Application
OEM
Parts
Refinish
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive Paint & Coating manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive Paint & Coating in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Automotive Paint & Coating Market Overview
1.1 Automotive Paint & Coating Product Overview
1.2 Automotive Paint & Coating Market Segment by Type
1.2.1 Water-based Coating
1.2.2 Solvent Coating
1.2.3 Powder Coating
1.2.4 High Solid Coating
1.3 Global Automotive Paint & Coating Market Size by Type
1.3.1 Global Automotive Paint & Coating Market Size Overview by Type (2018-2029)
1.3.2 Global Automotive Paint & Coating Historic Market Size Review by Type (2018-2023)
1.3.3 Global Automotive Paint & Coating Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Automotive Paint & Coating Sales Breakdown by Type (2018-2023)
1.4.2 Europe Automotive Paint & Coating Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Automotive Paint & Coating Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Automotive Paint & Coating Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Automotive Paint & Coating Sales Breakdown by Type (2018-2023)
2 Global Automotive Paint & Coating Market Competition by Company
2.1 Global Top Players by Automotive Paint & Coating Sales (2018-2023)
2.2 Global Top Players by Automotive Paint & Coating Revenue (2018-2023)
2.3 Global Top Players by Automotive Paint & Coating Price (2018-2023)
2.4 Global Top Manufacturers Automotive Paint & Coating Manufacturing Base Distribution, Sales Area, Product Type
2.5 Automotive Paint & Coating Market Competitive Situation and Trends
2.5.1 Automotive Paint & Coating Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Automotive Paint & Coating Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Automotive Paint & Coating as of 2022)
2.7 Date of Key Manufacturers Enter into Automotive Paint & Coating Market
2.8 Key Manufacturers Automotive Paint & Coating Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Automotive Paint & Coating Status and Outlook by Region
3.1 Global Automotive Paint & Coating Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Automotive Paint & Coating Historic Market Size by Region
3.2.1 Global Automotive Paint & Coating Sales in Volume by Region (2018-2023)
3.2.2 Global Automotive Paint & Coating Sales in Value by Region (2018-2023)
3.2.3 Global Automotive Paint & Coating Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Automotive Paint & Coating Forecasted Market Size by Region
3.3.1 Global Automotive Paint & Coating Sales in Volume by Region (2024-2029)
3.3.2 Global Automotive Paint & Coating Sales in Value by Region (2024-2029)
3.3.3 Global Automotive Paint & Coating Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Automotive Paint & Coating by Application
4.1 Automotive Paint & Coating Market Segment by Application
4.1.1 OEM
4.1.2 Parts
4.1.3 Refinish
4.2 Global Automotive Paint & Coating Market Size by Application
4.2.1 Global Automotive Paint & Coating Market Size Overview by Application (2018-2029)
4.2.2 Global Automotive Paint & Coating Historic Market Size Review by Application (2018-2023)
4.2.3 Global Automotive Paint & Coating Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Automotive Paint & Coating Sales Breakdown by Application (2018-2023)
4.3.2 Europe Automotive Paint & Coating Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Automotive Paint & Coating Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Automotive Paint & Coating Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Automotive Paint & Coating Sales Breakdown by Application (2018-2023)
5 North America Automotive Paint & Coating by Country
5.1 North America Automotive Paint & Coating Historic Market Size by Country
5.1.1 North America Automotive Paint & Coating Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Automotive Paint & Coating Sales in Volume by Country (2018-2023)
5.1.3 North America Automotive Paint & Coating Sales in Value by Country (2018-2023)
5.2 North America Automotive Paint & Coating Forecasted Market Size by Country
5.2.1 North America Automotive Paint & Coating Sales in Volume by Country (2024-2029)
5.2.2 North America Automotive Paint & Coating Sales in Value by Country (2024-2029)
6 Europe Automotive Paint & Coating by Country
6.1 Europe Automotive Paint & Coating Historic Market Size by Country
6.1.1 Europe Automotive Paint & Coating Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Automotive Paint & Coating Sales in Volume by Country (2018-2023)
6.1.3 Europe Automotive Paint & Coating Sales in Value by Country (2018-2023)
6.2 Europe Automotive Paint & Coating Forecasted Market Size by Country
6.2.1 Europe Automotive Paint & Coating Sales in Volume by Country (2024-2029)
6.2.2 Europe Automotive Paint & Coating Sales in Value by Country (2024-2029)
7 Asia-Pacific Automotive Paint & Coating by Region
7.1 Asia-Pacific Automotive Paint & Coating Historic Market Size by Region
7.1.1 Asia-Pacific Automotive Paint & Coating Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Automotive Paint & Coating Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Automotive Paint & Coating Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Automotive Paint & Coating Forecasted Market Size by Region
7.2.1 Asia-Pacific Automotive Paint & Coating Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Automotive Paint & Coating Sales in Value by Region (2024-2029)
8 Latin America Automotive Paint & Coating by Country
8.1 Latin America Automotive Paint & Coating Historic Market Size by Country
8.1.1 Latin America Automotive Paint & Coating Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Automotive Paint & Coating Sales in Volume by Country (2018-2023)
8.1.3 Latin America Automotive Paint & Coating Sales in Value by Country (2018-2023)
8.2 Latin America Automotive Paint & Coating Forecasted Market Size by Country
8.2.1 Latin America Automotive Paint & Coating Sales in Volume by Country (2024-2029)
8.2.2 Latin America Automotive Paint & Coating Sales in Value by Country (2024-2029)
9 Middle East and Africa Automotive Paint & Coating by Country
9.1 Middle East and Africa Automotive Paint & Coating Historic Market Size by Country
9.1.1 Middle East and Africa Automotive Paint & Coating Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Automotive Paint & Coating Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Automotive Paint & Coating Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Automotive Paint & Coating Forecasted Market Size by Country
9.2.1 Middle East and Africa Automotive Paint & Coating Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Automotive Paint & Coating Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 PPG Industries
10.1.1 PPG Industries Company Information
10.1.2 PPG Industries Introduction and Business Overview
10.1.3 PPG Industries Automotive Paint & Coating Sales, Revenue and Gross Margin (2018-2023)
10.1.4 PPG Industries Automotive Paint & Coating Products Offered
10.1.5 PPG Industries Recent Development
10.2 BASF
10.2.1 BASF Company Information
10.2.2 BASF Introduction and Business Overview
10.2.3 BASF Automotive Paint & Coating Sales, Revenue and Gross Margin (2018-2023)
10.2.4 BASF Automotive Paint & Coating Products Offered
10.2.5 BASF Recent Development
10.3 Axalta
10.3.1 Axalta Company Information
10.3.2 Axalta Introduction and Business Overview
10.3.3 Axalta Automotive Paint & Coating Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Axalta Automotive Paint & Coating Products Offered
10.3.5 Axalta Recent Development
10.4 Nippon Paint
10.4.1 Nippon Paint Company Information
10.4.2 Nippon Paint Introduction and Business Overview
10.4.3 Nippon Paint Automotive Paint & Coating Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Nippon Paint Automotive Paint & Coating Products Offered
10.4.5 Nippon Paint Recent Development
10.5 AkzoNobel
10.5.1 AkzoNobel Company Information
10.5.2 AkzoNobel Introduction and Business Overview
10.5.3 AkzoNobel Automotive Paint & Coating Sales, Revenue and Gross Margin (2018-2023)
10.5.4 AkzoNobel Automotive Paint & Coating Products Offered
10.5.5 AkzoNobel Recent Development
10.6 Sherwin Williams
10.6.1 Sherwin Williams Company Information
10.6.2 Sherwin Williams Introduction and Business Overview
10.6.3 Sherwin Williams Automotive Paint & Coating Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Sherwin Williams Automotive Paint & Coating Products Offered
10.6.5 Sherwin Williams Recent Development
10.7 Kansai Paint
10.7.1 Kansai Paint Company Information
10.7.2 Kansai Paint Introduction and Business Overview
10.7.3 Kansai Paint Automotive Paint & Coating Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Kansai Paint Automotive Paint & Coating Products Offered
10.7.5 Kansai Paint Recent Development
10.8 KCC Corporation
10.8.1 KCC Corporation Company Information
10.8.2 KCC Corporation Introduction and Business Overview
10.8.3 KCC Corporation Automotive Paint & Coating Sales, Revenue and Gross Margin (2018-2023)
10.8.4 KCC Corporation Automotive Paint & Coating Products Offered
10.8.5 KCC Corporation Recent Development
10.9 Xiangjiang Kansai Paint
10.9.1 Xiangjiang Kansai Paint Company Information
10.9.2 Xiangjiang Kansai Paint Introduction and Business Overview
10.9.3 Xiangjiang Kansai Paint Automotive Paint & Coating Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Xiangjiang Kansai Paint Automotive Paint & Coating Products Offered
10.9.5 Xiangjiang Kansai Paint Recent Development
10.10 YATU
10.10.1 YATU Company Information
10.10.2 YATU Introduction and Business Overview
10.10.3 YATU Automotive Paint & Coating Sales, Revenue and Gross Margin (2018-2023)
10.10.4 YATU Automotive Paint & Coating Products Offered
10.10.5 YATU Recent Development
10.11 Kinlita
10.11.1 Kinlita Company Information
10.11.2 Kinlita Introduction and Business Overview
10.11.3 Kinlita Automotive Paint & Coating Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Kinlita Automotive Paint & Coating Products Offered
10.11.5 Kinlita Recent Development
10.12 Peter Lacke
10.12.1 Peter Lacke Company Information
10.12.2 Peter Lacke Introduction and Business Overview
10.12.3 Peter Lacke Automotive Paint & Coating Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Peter Lacke Automotive Paint & Coating Products Offered
10.12.5 Peter Lacke Recent Development
10.13 Donglai
10.13.1 Donglai Company Information
10.13.2 Donglai Introduction and Business Overview
10.13.3 Donglai Automotive Paint & Coating Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Donglai Automotive Paint & Coating Products Offered
10.13.5 Donglai Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Automotive Paint & Coating Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Automotive Paint & Coating Industrial Chain Analysis
11.4 Automotive Paint & Coating Market Dynamics
11.4.1 Automotive Paint & Coating Industry Trends
11.4.2 Automotive Paint & Coating Market Drivers
11.4.3 Automotive Paint & Coating Market Challenges
11.4.4 Automotive Paint & Coating Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Automotive Paint & Coating Distributors
12.3 Automotive Paint & Coating Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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