Global Automotive Protective Coating Market by Type (Priming Coating, Medium Coating, Surface Coating, Finishing Coating), By Application (OEM, Aftermarket) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global automotive protective coating market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for automobiles, rising concerns for vehicle safety and durability, and growing awareness about the benefits of automotive protective coatings. The global automotive protective coating market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into priming coatings, medium coatings, surface coatings, and finishing coatings. Priming coats are used as a base layer before other coats are applied; medium coats provide protection against scratches and chips; surface coats form a hard barrier that resists abrasion; while finishing coats give vehicles a glossy finish. On the basis of application, the market is divided into OEMs (original equipment manufacturers) and aftermarket segments. The OEM segment dominates in terms of revenue share owing to increased demand from luxury carmakers for high-end cars that require advanced protection against scratches and fading caused by sunlight exposure. However, with technological advancements in automobile manufacturing processes such as 3D printing or additive manufacturing (AM), which do not require painting or coating operations post-production process steps such as curing ovens etc.



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Product Definition:

A protective coating is a liquid or film that is applied to the surface of a material in order to protect it from corrosion, wear, or other environmental factors. Automotive protective coatings are used to protect car parts from rust and corrosion. They are also used to seal and protect the paint job on a car.

Priming Coating:

Priming coating is a one-component, waterborne protective coating that requires no additional solvents and has low Volatile Organic Compounds (VOC) content. It is manufactured using epoxy resin as a raw material followed by other additives such as pigments, fillers and catalysts.

Medium Coating:

Medium coating is a general term used for paints that are applied over a base material. The base material can be steel, aluminum, plastic or any other metal. Medium coatings are widely used in automotive and industrial applications owing to their properties such as abrasion resistance, chemical inertness and high durability among others.

Application Insights:

OEM application dominated the global automotive protective coatings market in 2017, accounting for a share of over 60.0%. The use of OEM coating not only provides protection from scratches and chips but also enhances the aesthetic appeal of vehicles. Furthermore, these products are easy to apply as they do not require any base coat or top coat and provide instant protection on contact.

The aftermarket segment is expected to expand at a CAGR exceeding 7% during the forecast period owing to rising demand for maintenance service contracts with automobile manufacturers including BMW AG, Ford Motor Company LLC., General Motors Company LLC., Mercedes-Benz USA Inc., Porsche Cars North America Corp., Toyota Motors Corporation U.S.A., Volkswagen Group America Inc. and Volvo AB USA Inc. These contracts usually include scheduled services such as oil changes along with additional discretionary services such as tire rotations that add up to higher revenue generating activities for automotive repair shops across the globe.

Regional Analysis:

Asia Pacific is expected to be the fastest-growing regional segment over the forecast period. The growth can be attributed to increasing production and sales of passenger cars in China, India, Japan, and South Korea. In addition, rising disposable income levels in emerging economies including China and India are anticipated to fuel demand for premium cars with enhanced safety features. This trend is projected to positively impact market growth over the next eight years.

Europe accounted for a significant share of global revenue in 2017 owing to stringent regulations by government agencies such as European Commission (EC) regarding vehicle safety standards coupled with high consumer awareness about vehicle security systems installed on new vehicles since 2015.

Growth Factors:

Increasing demand for automobiles due to rising population and income levels in developing countries is expected to drive the automotive protective coating market growth.
Growing awareness about the benefits of using automotive protective coatings, such as improved corrosion resistance, durability, and aesthetics is projected to propel the market growth over the forecast period.
The increasing use of nanotechnology-based automotive protective coatings is anticipated to create new opportunities for this market in the near future.
Rising concerns about environmental pollution and regulations related to VOCs are likely to boost demand for waterborne automotive protective coatings in coming years.
Technological advancements that result in development of more durable and efficient automotive protective coatings are expected to provide impetus to this market during the forecast period


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Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Protective Coating Market Research Report
By Type
Priming Coating, Medium Coating, Surface Coating, Finishing Coating
By Application
OEM, Aftermarket
By Companies
Arkema S.A., Akzo Nobel NV, PPG Industries, Inc., Axalta Coating Systems, RPM International, Inc., The Sherwin-Williams Company, Wacker Chemie AG, The Dow Chemicals Company, BASF SE, Kisco Limited, Arkema S.A., Cabot Corporation, Bollig & Kemper, Eastman Chemical Company, HMG Paints, Jotun, Nippon Paint Holdings, Kansai Nerolac Paints, KCC Corporation, Lord Corporation, Shanghai Kinlita Chemical Co. Ltd, SIKA AG, Hempel A/S, Induron Protective Coatings, H.B. Fuller Company
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.

Global Automotive Protective Coating Market Report Segments:
The global Automotive Protective Coating market is segmented on the basis of:
Types
Priming Coating, Medium Coating, Surface Coating, Finishing Coating
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
OEM, Aftermarket
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:
Arkema S.A.
Akzo Nobel NV
PPG Industries, Inc.
Axalta Coating Systems
RPM International, Inc.
The Sherwin-Williams Company
Wacker Chemie AG
The Dow Chemicals Company
BASF SE
Kisco Limited
Arkema S.A.
Cabot Corporation
Bollig & Kemper
Eastman Chemical Company
HMG Paints
Jotun
Nippon Paint Holdings
Kansai Nerolac Paints
KCC Corporation
Lord Corporation
Shanghai Kinlita Chemical Co. Ltd
SIKA AG
Hempel A/S
Induron Protective Coatings
H.B. Fuller Company



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Highlights of The Automotive Protective Coating 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:
Priming Coating
Medium Coating
Surface Coating
Finishing Coating
By Application:
OEM
Aftermarket
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 Automotive Protective Coating 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

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