Market Overview:
The global luxury automotive paint 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 luxury cars across the globe. In terms of type, the solvent-based segment is expected to lead the global luxury automotive paint market during the forecast period, followed by water-based and powder-based segments.
Product Definition:
Luxury automotive paint is a high-quality paint that is used on luxury cars. It is formulated to provide a high level of protection against the elements and to give the car a luxurious appearance. Luxury automotive paint can be clear coat or solid color and may contain special additives that improve its performance.
Solvent:
Solvent is a chemical used to dissolve the pigments and resins in the vehicle paint. It acts as a carrier for these materials while it's applied on the vehicle surface. The solvent evaporates during drying resulting in an even coat of paint over the entire area.
The growth factor of luxury automotive paints depends upon several parameters such as type, quality, application method and end use industry (passenger cars or commercial vehicles).
Water:
Water is one of the important ingredients used in the manufacturing process of automotive paints. It helps in bringing down costs and also increases efficiency by reducing waste during production. The global water & it's usage in luxury automotive paint market size was valued at USD 2,750 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
The mid-size car application segment led the market and accounted for more than 45.0% share of the global revenue in 2017. The segment is expected to witness significant growth over the forecast period on account of increasing demand from emerging economies such as India, China and Brazil. In addition, high consumer satisfaction levels with respect to color changes in mid-sized cars are likely to propel industry expansion over the coming years.
The full-size car application segment is also anticipated to witness considerable growth during the forecast period owing to rising demand from countries including Mexico, Argentina and Chile among others which have a growing middle class population that can afford expensive vehicles painted with luxury automotive paints. Furthermore, companies such as PPG Industries N V have developed a powder coating process specifically for large cars which enables higher production output at lower costs while maintaining superior paint quality compared to conventional methods used by automakers today.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and will expand further at a steady CAGR from 2018 to 2030. This growth is attributed to rising disposable income, increasing population, and growing consumer awareness regarding vehicle maintenance. Moreover, the presence of key luxury car manufacturers such as BMW Group; Mercedes-Benz AG; AUDI AG; Porsche Cars GmbH; Volkswagen Group will boost the product demand over the forecast period.
Europe accounted for more than 25% of global revenue share in 2017 owing to high demand from Germany and U.K., which are among Europe’s major markets for automotive paints & coatings products. The region is expected to witness moderate growth over the next eight years on account of declining volume sales by some luxury car makers due to economic slowdown or Brexit-related uncertainty in some countries such as Italy, Spain, France etcetera affecting their operations outside Europe (i).
Growth Factors:
- Increasing disposable income of the consumers: The growth in the luxury automotive paint market is majorly attributed to the increasing disposable income of the consumers. This is because with an increase in disposable income, people are able to afford luxurious products such as a car that is painted with a high-quality paint.
- Rising demand for luxury cars: Another factor that has led to the growth of this market is the rising demand for luxury cars. With an increase in affluent population, there has been a surge in demand for high-end and luxurious cars, which requires better quality paints.
- Technological advancements: The advancement of technology has also played a significant role in propelling this market forward as it enables manufacturers to develop innovative paints that offer superior quality and durability than traditional ones. This helps them stay ahead of their competitors and attract more customers towards their products/services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Automotive Paint Market Research Report
By Type
Solvent, Water, Powder
By Application
Compact Car, Mid-size Car, Full-size Car, Larger Car
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
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Automotive Paint Market Report Segments:
The global Luxury Automotive 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
Compact Car, Mid-size Car, Full-size Car, Larger Car
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 Luxury Automotive 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:
- Compact Car
- Mid-size Car
- Full-size Car
- Larger Car
- 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 Luxury Automotive 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?
Luxury automotive paint is a type of paint that is designed to be more durable and resistant to wear and tear. It typically contains higher levels of quality ingredients than standard automotive paints, which can result in a finish that looks smoother and shinier.
Some of the major players in the luxury automotive 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 luxury automotive paint 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 Luxury Automotive 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 Luxury Automotive Paint Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Automotive 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 Luxury Automotive 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 Luxury Automotive Paint Market Size & Forecast, 2018-2028
4.5.1 Luxury Automotive Paint Market Size and Y-o-Y Growth
4.5.2 Luxury Automotive Paint Market Absolute $ Opportunity
Chapter 5 Global Luxury Automotive 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 Luxury Automotive 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 Luxury Automotive 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 Luxury Automotive Paint Market Size Forecast by Applications
6.2.1 Compact Car
6.2.2 Mid-size Car
6.2.3 Full-size Car
6.2.4 Larger Car
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Automotive 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 Luxury Automotive 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 Luxury Automotive Paint Analysis and Forecast
9.1 Introduction
9.2 North America Luxury Automotive 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 Luxury Automotive 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 Luxury Automotive Paint Market Size Forecast by Applications
9.10.1 Compact Car
9.10.2 Mid-size Car
9.10.3 Full-size Car
9.10.4 Larger Car
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 Luxury Automotive Paint Analysis and Forecast
10.1 Introduction
10.2 Europe Luxury Automotive 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 Luxury Automotive 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 Luxury Automotive Paint Market Size Forecast by Applications
10.10.1 Compact Car
10.10.2 Mid-size Car
10.10.3 Full-size Car
10.10.4 Larger Car
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 Luxury Automotive Paint Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Luxury Automotive 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 Luxury Automotive 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 Luxury Automotive Paint Market Size Forecast by Applications
11.10.1 Compact Car
11.10.2 Mid-size Car
11.10.3 Full-size Car
11.10.4 Larger Car
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 Luxury Automotive Paint Analysis and Forecast
12.1 Introduction
12.2 Latin America Luxury Automotive 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 Luxury Automotive 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 Luxury Automotive Paint Market Size Forecast by Applications
12.10.1 Compact Car
12.10.2 Mid-size Car
12.10.3 Full-size Car
12.10.4 Larger Car
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) Luxury Automotive Paint Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Luxury Automotive 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) Luxury Automotive 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) Luxury Automotive Paint Market Size Forecast by Applications
13.10.1 Compact Car
13.10.2 Mid-size Car
13.10.3 Full-size Car
13.10.4 Larger Car
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 Luxury Automotive Paint Market: Competitive Dashboard
14.2 Global Luxury Automotive 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
