Automotive Paints Market - Global Forecast to 2025

DUBLIN, April 26, 2018 /PRNewswire/ --

The "Automotive Paints Market by Type, Resin, Technology, Paint Equipment, Texture, Content, ICE & EVs, Refinish, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The automotive paints market is estimated to be USD 8.74 Billion in 2018 and is projected to reach USD 10.65 Billion by 2025, at a CAGR of 2.88%, from 2018 to 2025.

The growing vehicle production (especially, passenger cars), stringent VOC emission regulations for paint manufacturing, and changing customer preferences for paint textures are projected to drive the automotive paints industry and advancements in the paint technology.

Nowadays, along with engine specifications, quality, and durability, color & texture of the vehicle is also one of the most important factors influencing the buying-decision. Basecoat is expected to grow over the forecast period because it is the only paint type that consists colors. Even though the thickness of the basecoat is minimal, this coat has maximum contribution in terms of value, because it consists of the actual visual properties of color and effects.

Waterborne technology is expected to be the largest segment of the automotive paints market, by technology. Earlier, solvent-borne paints were preferred owing to their lesser price and quick drying properties. However, with the growing stringency of emission regulations monitoring paint production, industry stakeholders are preferring eco-friendly paint technologies such as waterborne technology.

The polyurethane automotive coating is expected to be the largest segment of the automotive paints market, by resin type. This is because polyurethane has increasing use in topcoats (clearcoat and basecoat) to increase the durability of coats, improve appearance, and protect vehicles from scratches.

The automotive refinish paints market is segmented on the basis of resin type. Polyurethane is the dominant resin type in this market, mainly due to its extensive usage in clearcoat and basecoat. Polyurethane resin accounted for the largest share in the overall automotive refinish coating market. It is preferred in clearcoat and basecoat layers due to its excellent weather-, corrosion-, and mechanical resistance.

The study segments automotive paints market by painting equipment as well. The airless spray gun is the widely used painting technique across the globe due to its better spraying efficiency as compared to air spray guns. Due to its low installation cost, it has the largest market across the globe. The study also segmented the market by content types such as pigments, water, resins and solvents.

Automotive paints market ecosystem consists of manufacturers such as PPG (US), Axalta (US), AkzoNobel (Netherlands), BASF (Germany), Sherwin Williams (US), Valspar (US), Solvay (Belgium), DOW Chemical (US), 3M (US), and KCC (South Korea).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Automotive Paints Market (2016-2025)
4.2 Automotive Paints Market, By Paint Type
4.3 Automotive Paints Market, By Technology
4.4 Automotive Paints Market, By Resin Type
4.5 Automotive Paints Market, By Texture
4.6 Automotive Paints Market, By Vehicle Type
4.7 Automotive Paints Market, By Content
4.8 Automotive Paints Market, By Electric & Hybrid Vehicle Type
4.9 Automotive Paints Market, By Region
4.10 Automotive Refinish Paints Market, By Resin Type
4.11 Automotive Paints Market, By Painting Equipment Type
4.12 Automotive Paints Market, By Channel

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Stringent Emission Regulations and Environmental Concerns for Paint Manufacturing Process to Enhance the Market for Eco-Friendly Paints
5.2.1.2 Increasing Reach of Organized Players in the Refinish Market to Drive the Automotive Refinish Market
5.2.2 Restraints
5.2.2.1 Advancements in Automotive Safety Technologies Reduce Accidents, Thus Restricting the Refinish Market
5.2.3 Opportunity
5.2.3.1 Innovative Paint Technologies to Create Opportunities for Paint Manufacturers
5.2.3.2 Powder Coating to Create New Opportunities Owing to Growth in Demand for Premium and Ultra-Premium Cars
5.2.4 Challenges
5.2.4.1 Reducing Paint Wastage During the Paint Production
5.2.4.2 Rapid Change in Consumer Preferences is A Big Challenge for Automotive Paint Manufacturers
5.2.5 Macro Indicators
5.2.5.1 Introduction
5.2.5.2 Premium Vehicle Sales as A Percentage of Total Sales
5.2.5.3 GDP (USD Billion)
5.2.5.4 GNI Per Capita, Atlas Method (USD)
5.2.5.5 GDP Per Capita PPP (USD)
5.2.6 Us
5.2.7 China
5.2.8 Japan

6 Automotive Paints Market, By Paint Type
6.1 Introduction
6.2 Electrocoat
6.3 Primer
6.4 Basecoat
6.5 Clearcoat

7 Automotive Paints Market, By Technology
7.1 Introduction
7.2 Solvent-Borne
7.3 Waterborne
7.4 Powder Coating

8 Automotive Paints Market, By Resin Type
8.1 Introduction
8.2 Polyurethane
8.3 Epoxy
8.4 Acrylic
8.5 Other Resins

9 Automotive Paints Market, By Texture
9.1 Introduction
9.2 Solid Texture
9.3 Metallic Texture
9.4 Matte Finish Paints
9.5 Pearlescent Paints
9.6 Solar Reflective Paints

10 Automotive Paints Market, By Content
10.1 Introduction
10.2 Electrocoat, By Content
10.3 Solvent-Borne Paints, By Content
10.4 Waterborne Paints, By Content

11 Automotive Paints Market, By Painting Equipment Type
11.1 Introduction
11.2 Airless Spray Gun
11.3 Electrostatic Spray Gun

12 Automotive Paints Market, By Vehicle Type
12.1 Introduction
12.2 Passenger Car
12.3 Light Commercial Vehicle
12.4 Trucks
12.5 Buses

13 Electric & Hybrid Vehicle Paints Market, By Region
13.1 Introduction
13.2 Battery Electric Vehicle (BEV)
13.3 Hybrid Electric Vehicle (HEV)
13.4 Plug-In Hybrid Vehicle (PHEV)

14 Automotive Refinish Paints Market, By Resin Type
14.1 Introduction
14.2 Polyurethane
14.3 Epoxy
14.4 Acrylic
14.5 Other Resins

15 Automotive Paints Market, By Region

16 Competitive Landscape
16.1 Overview
16.2 Automotive Paints: Market Share Analysis
16.3 Competitive Scenario

17 Company Profiles
17.1 PPG
17.2 BASF
17.3 Axalta
17.4 Akzonobel
17.5 Sherwin Williams
17.6 Kansai
17.7 Solvay
17.8 Valspar
17.9 Covestro
17.10 3M
17.11 DOW Chemical
17.12 KCC
17.13 Nippon Paint

For more information about this report visit https://www.researchandmarkets.com/research/qbwm38/automotive_paints?w=5

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