Market Overview:
The global automotive specialty coatings market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) across the globe. In terms of type, the solvent-borne segment is expected to dominate the global automotive specialty coatings market during the forecast period 2018-2030. This can be attributed to its properties such as high gloss finish, corrosion resistance, and durability.
Product Definition:
A type of coating that is applied to automotive parts for protection and enhancement. Automotive specialty coatings can provide a variety of benefits, including corrosion resistance, improved appearance, reduced friction, and increased durability. They are often used on components such as engines, transmissions, and chassis parts.
Solvent-borne:
Solvent-borne is a general term for paints that are applied using a solvent. The most common solvents used in the coating industry are alcohols, ketones, and water-based polyurethanes. These products have high flash points and low VOC content making them suitable for use on various substrates such as metal, plastic & composites, wood & bamboo materials as well as drywall.
Waterborne:
Waterborne coatings are a type of specialty coating that is applied using a spray gun, can be referred to as water-based or solvent-based. These coatings dry at a faster rate than oil-based and powder based coatings. They have low Volatile Organic Compounds (VOC) content which makes them healthier for the environment compared to other conventional solvent borne or powder based coatings available in the market today.
Application Insights:
The passenger car application segment led the global automotive specialty coatings market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to rising demand for premium cars, which offer a high level of comfort and convenience to passengers. In addition, rising income levels across various regions have created a huge potential customer base for automobiles, thereby supporting product demand in the market.
LCV was the second-largest segment in terms of revenue share in 2017 owing to increasing utilization of these products on account of superior properties they exhibit including resistance against corrosion, wear & tear and acid rain damage along with enhanced visibility that enables vehicles¢â‚¬â„¢ easy identification by other road users on account of color coding or branding are some factors propelling their demand over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising disposable income, increasing vehicle production, and favorable government policies in developing countries such as India and China. In addition, growing automotive industry in these regions will drive product demand further. For instance, according to OICA 2017 statistics; Asia produced 5,863 thousand motor vehicles whereas North America accounted for only 17% of global volume share in 2016.
The Europe market was valued at USD X billion in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing high consumption of specialty coatings due its well-established automotive sector coupled with stringent regulations by OEFC (Organization for Economic Co-operation.
Growth Factors:
- Increasing demand for luxury and performance cars
- Rising disposable income of consumers in developing countries
- Technological advancements in the automotive industry
- Stringent environmental regulations for emissions and fuel efficiency
- Growing popularity of customization and personalization
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Specialty Coatings Market Research Report
By Type
Solvent-borne, Waterborne, Powder Coating
By Application
Passenger Car, LCV, HCV
By Companies
PPG, BASF, Axalta, Akzo Nobel, Sherwin-Williams, Kansai, Solvay, Covestro, Dow Chemical, KCC, PPG, Clariant, Electro Tech Coatings
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Specialty Coatings Market Report Segments:
The global Automotive Specialty Coatings market is segmented on the basis of:
Types
Solvent-borne, Waterborne, Powder 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
Passenger Car, LCV, HCV
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
- BASF
- Axalta
- Akzo Nobel
- Sherwin-Williams
- Kansai
- Solvay
- Covestro
- Dow Chemical
- KCC
- PPG
- Clariant
- Electro Tech Coatings
Highlights of The Automotive Specialty Coatings 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-borne
- Waterborne
- Powder Coating
- By Application:
- Passenger Car
- LCV
- HCV
- 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 Specialty Coatings 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
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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?
Automotive specialty coatings are a type of coating that is applied to metal surfaces in order to protect them from the elements and other damage. These coatings can be made from a variety of materials, including oils, waxes, and resins. They are often used on car parts such as bumpers, headlights, and taillights.
Some of the major companies in the automotive specialty coatings market are PPG, BASF, Axalta, Akzo Nobel, Sherwin-Williams, Kansai, Solvay, Covestro, Dow Chemical, KCC, PPG, Clariant, Electro Tech Coatings.
The automotive specialty coatings market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Specialty Coatings 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 Automotive Specialty Coatings Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Specialty Coatings 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 Automotive Specialty Coatings 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 Automotive Specialty Coatings Market Size & Forecast, 2018-2028
4.5.1 Automotive Specialty Coatings Market Size and Y-o-Y Growth
4.5.2 Automotive Specialty Coatings Market Absolute $ Opportunity
Chapter 5 Global Automotive Specialty Coatings 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 Automotive Specialty Coatings Market Size Forecast by Type
5.2.1 Solvent-borne
5.2.2 Waterborne
5.2.3 Powder Coating
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Specialty Coatings 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 Automotive Specialty Coatings Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 LCV
6.2.3 HCV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Specialty Coatings 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 Automotive Specialty Coatings 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 Automotive Specialty Coatings Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Specialty Coatings 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 Automotive Specialty Coatings Market Size Forecast by Type
9.6.1 Solvent-borne
9.6.2 Waterborne
9.6.3 Powder Coating
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 Automotive Specialty Coatings Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 LCV
9.10.3 HCV
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 Automotive Specialty Coatings Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Specialty Coatings 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 Automotive Specialty Coatings Market Size Forecast by Type
10.6.1 Solvent-borne
10.6.2 Waterborne
10.6.3 Powder Coating
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 Automotive Specialty Coatings Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 LCV
10.10.3 HCV
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 Automotive Specialty Coatings Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Specialty Coatings 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 Automotive Specialty Coatings Market Size Forecast by Type
11.6.1 Solvent-borne
11.6.2 Waterborne
11.6.3 Powder Coating
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 Automotive Specialty Coatings Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 LCV
11.10.3 HCV
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 Automotive Specialty Coatings Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Specialty Coatings 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 Automotive Specialty Coatings Market Size Forecast by Type
12.6.1 Solvent-borne
12.6.2 Waterborne
12.6.3 Powder Coating
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 Automotive Specialty Coatings Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 LCV
12.10.3 HCV
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) Automotive Specialty Coatings Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Specialty Coatings 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) Automotive Specialty Coatings Market Size Forecast by Type
13.6.1 Solvent-borne
13.6.2 Waterborne
13.6.3 Powder Coating
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) Automotive Specialty Coatings Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 LCV
13.10.3 HCV
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 Automotive Specialty Coatings Market: Competitive Dashboard
14.2 Global Automotive Specialty Coatings Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG
14.3.2 BASF
14.3.3 Axalta
14.3.4 Akzo Nobel
14.3.5 Sherwin-Williams
14.3.6 Kansai
14.3.7 Solvay
14.3.8 Covestro
14.3.9 Dow Chemical
14.3.10 KCC
14.3.11 PPG
14.3.12 Clariant
14.3.13 Electro Tech Coatings
