Market Overview:
The global automobile paint market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles, especially passenger vehicles and commercial vehicles, across the globe. In terms of type, the solvent-based automobile paint segment is expected to lead the global market during the forecast period, followed by water-based and powder-based segments.
Product Definition:
Automobile paint is a coating that is applied to the exterior of a motor vehicle. It serves as both protection from the elements and as a means of enhancing the appearance of the vehicle. Paint can also be used on other transportation items, such as boats and motorcycles.
Solvent:
Solvent is basically a paint thinner that reduces the viscosity of the paint and allows it to flow easily. It's major applications are in automotive paints, but it also finds its use in some industrial coatings as well. Solvent can be either petroleum based or water-based.
Water:
Water is one of the important ingredients used in the manufacturing process of automotive paints. It helps in bringing down cost and also increases profit margins for manufacturers due to its properties such as diluting, binding, and evaporating quickly. Water based paints are usually preferred over solvent based owing to their better performance at a comparatively lower price.
Application Insights:
Passenger vehicle application was the largest segment in 2017 and is projected to grow at a CAGR of XX% over the forecast period. Increasing demand for passenger vehicles as a result of growing population, rising disposable income, and changing lifestyle is expected to drive the market growth over the coming years.
Increasing production capacities in key economies such as China, India, South Korea, Japan and Mexico are anticipated to augment product demand from Asia Pacific region. In addition, increasing sales volumes by domestic manufacturers coupled with low interest rates will boost industry expansion over the coming years.
Regional Analysis:
Asia Pacific accounted for the largest market share in 2017 and is anticipated to witness significant growth over the forecast period. This can be attributed to increasing automobile production in countries, such as China, India, Japan and South Korea. Moreover, rising disposable income levels coupled with a growing population will also have a positive impact on regional growth. Increasing demand for luxury vehicles is expected to drive product demand further.
Europe was valued at USD X billion in 2017 owing to high vehicle manufacturing volumes across Germany, Spain and Italy among other countries of the region that are major consumers of premium cars manufactured by leading brands including Mercedes-Benz AG; BMW AG; Ferrari SPA; Fiat Chrysler Automobiles N.V.; Ford Motor Company Europe GmbH & Co., Ltd.; Porsche Cars GmbH & Co., Ltd.
North America occupied a significant market share due to strong presence of key automotive paints manufacturers such as PPG Industries Inc.
Growth Factors:
- Increasing demand for automobiles due to rising population and income levels in developing countries
- Technological advancements in automobile paint formulations that improve durability, colorfastness, and resistance to fading
- Growing popularity of metallic paints that give vehicles a luxurious look
- Rising demand for environmentally friendly paints that are less harmful to the environment
- Proliferation of car customization services that allow consumers to personalize the appearance of their vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Automobile Paint Market Research Report
By Type
Solvent, Water, Powder
By Application
Passenger Vehicle, Commercia Vehicle
By Companies
PPG Industries, AkzoNobel, Henkel, Sherwin-Williams, Valspar, RPM International, Axalta Coating Systems, BASF, Kansai, KCC Corporation, Strong Chemical, YATU, Kinlita, FUTIAN Chemical Industry
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Automobile Paint Market Report Segments:
The global Automobile Paint market is segmented on the basis of:
Types
Solvent, Water, Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercia Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PPG Industries
- AkzoNobel
- Henkel
- Sherwin-Williams
- Valspar
- RPM International
- Axalta Coating Systems
- BASF
- Kansai
- KCC Corporation
- Strong Chemical
- YATU
- Kinlita
- FUTIAN Chemical Industry
Highlights of The Automobile Paint Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solvent
- Water
- Powder
- By Application:
- Passenger Vehicle
- Commercia Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automobile Paint Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automobile paint is a type of paint used on automobiles. It is typically a two- or three-coat system that protects the metal from weathering and scratches. Automobile paints are available in a variety of colors and can be customized to match the color of your car.
Some of the major players in the automobile paint market are PPG Industries, AkzoNobel, Henkel, Sherwin-Williams, Valspar, RPM International, Axalta Coating Systems, BASF, Kansai, KCC Corporation, Strong Chemical, YATU, Kinlita, FUTIAN Chemical Industry.
The automobile paint market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automobile Paint Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automobile Paint Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automobile Paint Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automobile Paint Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automobile Paint Market Size & Forecast, 2018-2028
4.5.1 Automobile Paint Market Size and Y-o-Y Growth
4.5.2 Automobile Paint Market Absolute $ Opportunity
Chapter 5 Global Automobile Paint Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automobile Paint Market Size Forecast by Type
5.2.1 Solvent
5.2.2 Water
5.2.3 Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automobile Paint Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automobile Paint Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercia Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automobile Paint Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automobile Paint Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automobile Paint Analysis and Forecast
9.1 Introduction
9.2 North America Automobile Paint Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automobile Paint Market Size Forecast by Type
9.6.1 Solvent
9.6.2 Water
9.6.3 Powder
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automobile Paint Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercia Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automobile Paint Analysis and Forecast
10.1 Introduction
10.2 Europe Automobile Paint Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automobile Paint Market Size Forecast by Type
10.6.1 Solvent
10.6.2 Water
10.6.3 Powder
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automobile Paint Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercia Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automobile Paint Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automobile Paint Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automobile Paint Market Size Forecast by Type
11.6.1 Solvent
11.6.2 Water
11.6.3 Powder
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automobile Paint Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercia Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automobile Paint Analysis and Forecast
12.1 Introduction
12.2 Latin America Automobile Paint Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automobile Paint Market Size Forecast by Type
12.6.1 Solvent
12.6.2 Water
12.6.3 Powder
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automobile Paint Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercia Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automobile Paint Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automobile Paint Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automobile Paint Market Size Forecast by Type
13.6.1 Solvent
13.6.2 Water
13.6.3 Powder
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automobile Paint Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercia Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automobile Paint Market: Competitive Dashboard
14.2 Global Automobile Paint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG Industries
14.3.2 AkzoNobel
14.3.3 Henkel
14.3.4 Sherwin-Williams
14.3.5 Valspar
14.3.6 RPM International
14.3.7 Axalta Coating Systems
14.3.8 BASF
14.3.9 Kansai
14.3.10 KCC Corporation
14.3.11 Strong Chemical
14.3.12 YATU
14.3.13 Kinlita
14.3.14 FUTIAN Chemical Industry
