Market Overview:
The global passenger vehicle paint and coating 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 passenger vehicles across the globe. In addition, factors such as technological advancements and rising awareness about environment-friendly coatings are also contributing to the growth of this market. The water-based coating segment is projected to grow at a higher CAGR than other segments during the forecast period from 2018 to 2030. This can be attributed to its properties such as low VOC emissions, easy application, and high durability.
Product Definition:
A passenger vehicle paint and coating is a type of finish that is applied to the exterior surfaces of a passenger vehicle. This type of finish can provide protection from the elements and can also enhance the appearance of the vehicle.
Water-based Coating:
Water-based coating is a type of paint technology that uses water as the major raw material. The technology was developed in the early 20th century and has been used ever since on various types of surfaces such as wood, metal, and plastic. Water-based coatings are primarily used for two purposes; firstly, they can be applied to any hard surface; secondly, they act as an excellent protective coating which offers resistance to chemicals & heat.
Solvent Coatings:
Solvent coatings are widely used in passenger vehicle paints and coating market owing to its properties such as high viscosity, low cost, and easy application. Solvent based coatings have been the most preferred type of coating over the past years. The global solvent-based paint & coating industry is expected to witness significant growth on account of increasing demand for passenger vehicles particularly in emerging economies including China, India, Brazil and Mexico among others.
Application Insights:
OEMs generated a revenue of USD 40.9 billion in 2017 and is expected to witness significant growth over the forecast period. Rising demand for passenger cars and vans in developing countries such as China, India and Brazil on account of increasing disposable income levels coupled with rising per capita ownership rates is anticipated to drive the segment growth over the forecast period.
The aftermarket segment includes repainting & refurbishing activities performed by auto body shops or paint retailers on customer¢â‚¬â„¢s vehicles or commercial vehicles that they own or lease as well as rental cars that require repainting & refurbishing operations at intervals throughout their life cycles.
Regional Analysis:
Asia Pacific passenger vehicle paint & coating market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to increasing automobile production in emerging economies, such as China and India. Furthermore, rising disposable income coupled with growing consumer awareness regarding vehicle maintenance will drive demand over the forecast period.
Europe was estimated as the second-largest regional segment in 2017 and is anticipated to witness steady growth over the forecast period owing to stringent regulations by regulatory bodies aimed at improving overall vehicular quality. North America held a significant share of about 39% in terms of revenue generated by passenger car paints & coatings industry in 2017 on account of high automotive manufacturing output coupled with stringent emission norms implemented by regulatory agencies for controlling air pollution caused due to vehicular emissions. The U.S.
Growth Factors:
- Increasing demand for passenger vehicles
- Rising disposable income of consumers
- Technological advancements in paint and coating products
- Growing awareness about the benefits of coatings and paints
- Stringent government regulations for vehicle emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Vehicle Paint & Coating Market Research Report
By Type
Water-based Coating, Solvent Coatings, Powder Coatings, High Solid Coatings
By Application
Aftermarkets, OEMs
By Companies
PPG Industries, BASF, Axalta Coating Systems, Nippon Paint, Kansai Paint, KCC Corporation, AkzoNobel, Cabot Corp, Eastman, Valspar, Sherwin-Williams, Strong Chemical, Kinlita, YATU
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Vehicle Paint & Coating Market Report Segments:
The global Passenger Vehicle Paint & Coating market is segmented on the basis of:
Types
Water-based Coating, Solvent Coatings, Powder Coatings, High Solid Coatings
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
Aftermarkets, OEMs
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
- BASF
- Axalta Coating Systems
- Nippon Paint
- Kansai Paint
- KCC Corporation
- AkzoNobel
- Cabot Corp
- Eastman
- Valspar
- Sherwin-Williams
- Strong Chemical
- Kinlita
- YATU
Highlights of The Passenger Vehicle Paint & 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:
- Water-based Coating
- Solvent Coatings
- Powder Coatings
- High Solid Coatings
- By Application:
- Aftermarkets
- OEMs
- 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 Passenger Vehicle Paint & 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
Frequently Asked Questions?
Passenger Vehicle Paint & Coating is a specialized coating that is applied to the exterior of passenger vehicles. It is used to protect the paint from weathering and fading, as well as providing a glossy finish.
Some of the key players operating in the passenger vehicle paint & coating market are PPG Industries, BASF, Axalta Coating Systems, Nippon Paint, Kansai Paint, KCC Corporation, AkzoNobel, Cabot Corp, Eastman, Valspar, Sherwin-Williams, Strong Chemical, Kinlita, YATU.
The passenger vehicle paint & coating 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 Passenger Vehicle Paint & Coating 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 Passenger Vehicle Paint & Coating Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Vehicle Paint & Coating 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 Passenger Vehicle Paint & Coating 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 Passenger Vehicle Paint & Coating Market Size & Forecast, 2018-2028
4.5.1 Passenger Vehicle Paint & Coating Market Size and Y-o-Y Growth
4.5.2 Passenger Vehicle Paint & Coating Market Absolute $ Opportunity
Chapter 5 Global Passenger Vehicle Paint & Coating 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 Passenger Vehicle Paint & Coating Market Size Forecast by Type
5.2.1 Water-based Coating
5.2.2 Solvent Coatings
5.2.3 Powder Coatings
5.2.4 High Solid Coatings
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger Vehicle Paint & Coating 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 Passenger Vehicle Paint & Coating Market Size Forecast by Applications
6.2.1 Aftermarkets
6.2.2 OEMs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Vehicle Paint & Coating 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 Passenger Vehicle Paint & Coating 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 Passenger Vehicle Paint & Coating Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Vehicle Paint & Coating 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 Passenger Vehicle Paint & Coating Market Size Forecast by Type
9.6.1 Water-based Coating
9.6.2 Solvent Coatings
9.6.3 Powder Coatings
9.6.4 High Solid Coatings
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 Passenger Vehicle Paint & Coating Market Size Forecast by Applications
9.10.1 Aftermarkets
9.10.2 OEMs
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 Passenger Vehicle Paint & Coating Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Vehicle Paint & Coating 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 Passenger Vehicle Paint & Coating Market Size Forecast by Type
10.6.1 Water-based Coating
10.6.2 Solvent Coatings
10.6.3 Powder Coatings
10.6.4 High Solid Coatings
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 Passenger Vehicle Paint & Coating Market Size Forecast by Applications
10.10.1 Aftermarkets
10.10.2 OEMs
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 Passenger Vehicle Paint & Coating Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Vehicle Paint & Coating 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 Passenger Vehicle Paint & Coating Market Size Forecast by Type
11.6.1 Water-based Coating
11.6.2 Solvent Coatings
11.6.3 Powder Coatings
11.6.4 High Solid Coatings
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 Passenger Vehicle Paint & Coating Market Size Forecast by Applications
11.10.1 Aftermarkets
11.10.2 OEMs
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 Passenger Vehicle Paint & Coating Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Vehicle Paint & Coating 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 Passenger Vehicle Paint & Coating Market Size Forecast by Type
12.6.1 Water-based Coating
12.6.2 Solvent Coatings
12.6.3 Powder Coatings
12.6.4 High Solid Coatings
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 Passenger Vehicle Paint & Coating Market Size Forecast by Applications
12.10.1 Aftermarkets
12.10.2 OEMs
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) Passenger Vehicle Paint & Coating Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Vehicle Paint & Coating 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) Passenger Vehicle Paint & Coating Market Size Forecast by Type
13.6.1 Water-based Coating
13.6.2 Solvent Coatings
13.6.3 Powder Coatings
13.6.4 High Solid Coatings
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) Passenger Vehicle Paint & Coating Market Size Forecast by Applications
13.10.1 Aftermarkets
13.10.2 OEMs
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 Passenger Vehicle Paint & Coating Market: Competitive Dashboard
14.2 Global Passenger Vehicle Paint & Coating Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG Industries
14.3.2 BASF
14.3.3 Axalta Coating Systems
14.3.4 Nippon Paint
14.3.5 Kansai Paint
14.3.6 KCC Corporation
14.3.7 AkzoNobel
14.3.8 Cabot Corp
14.3.9 Eastman
14.3.10 Valspar
14.3.11 Sherwin-Williams
14.3.12 Strong Chemical
14.3.13 Kinlita
14.3.14 YATU
