Automotive Paints and Coatings Market Size, Share, Trends, Industry Growth and Competitive Outlook 2028
Automotive Paints and Coatings Market Size, Share, Trends, Industry Growth and Competitive Outlook 2028
Blog Article
"Automotive Paints and Coatings Market – Industry Trends and Forecast to 2028
Global Automotive Paints and Coatings Market, By Vehicle Type (Passenger Cars, Heavy Commercial Vehicles and Light Commercial Vehicles), Coating Type (Basecoat, Primer, Electro Coat and Clear Coat), Technology Type (Solvent Borne, Waterborne, UV Curved and Powder), Texture (Metallic, Solid and Waste), Distribution Channel (Aftermarket and OEM), Raw Material (Epoxy, Acrylic, Polyurethane and Other Resins), Country (U.S., copyright, Mexico, Peru, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Rising number of automobiles on the road meeting with accidents and requiring repairs is the root cause for the rise in demand for automotive paints and coatings. Data Bridge Market Research analyses that the automotive paints and coatings market would exhibit a CAGR of 5.70% for the forecast period. On the basis of current trends and insights, the current automotive paints and coatings market value USD 14,367.40 Million will climb up to USD 22,386.08 million by the year 2028.
Access Full 350 Pages PDF Report @
https://www.databridgemarketresearch.com/reports/global-automotive-paints-and-coatings-market
Automotive paints and coatings are the surface solutions that provide protective layers to the metal and enhance the aesthetics of the vehicle. Automotive paints and coatings are applied on the surfaces of automobiles with spray guns. Automotive paints and coatings are water based solutions consisting of polyurethane-based enamel.
**Segments**
- Based on resin type, the automotive paints and coatings market can be segmented into epoxy, acrylic, polyurethane, alkyd, and others. Epoxy resins are widely utilized in the automotive industry due to their superior adhesion properties. Acrylic resins are known for their excellent weather resistance and durability. Polyurethane resins offer high performance and are commonly used in topcoats. Alkyd resins are valued for their rapid drying characteristics, making them suitable for various automotive applications.
- On the basis of technology, the market can be categorized into waterborne, solvent-borne, powder coatings, and UV-cured coatings. Waterborne coatings are gaining popularity due to stringent environmental regulations and their low volatile organic compound (VOC) content. Solvent-borne coatings provide excellent coverage and finish but are facing restrictions owing to their VOC emissions. Powder coatings offer durability and cost-effectiveness, especially for metal parts. UV-cured coatings are known for their fast curing process and enhanced productivity.
- By coat type, the automotive paints and coatings industry can be divided into clearcoat, basecoat, primer, and electrocoat. Clearcoats provide a glossy finish and protect the underlying layers from UV radiation and weathering. Basecoats determine the color and aesthetics of the vehicle. Primers enhance adhesion and corrosion resistance, preparing the surface for the final coat. Electrocoats are applied through electrodeposition, offering uniform coverage and protection.
**Market Players**
- Some of the key players in the global automotive paints and coatings market include PPG Industries Inc., Akzo Nobel N.V., Axalta Coating Systems, BASF SE, Sherwin-Williams Company, Kansai Paint Co. Ltd., Nippon Paint Holdings Co. Ltd., 3M, The Dow Chemical Company, and Valspar Corporation. These companies are actively involved in research and development activities to introduce innovative coatings that meet the changing requirements of the automotive sector. StrategicThe global automotive paints and coatings market is witnessing significant growth due to the increasing demand for passenger vehicles across the world. The market is driven by factors such as rising disposable incomes, changing consumer preferences, and technological advancements in the automotive industry. Automotive paints and coatings play a crucial role in enhancing the appearance of vehicles while providing protection against corrosion, UV radiation, and harsh weather conditions. With the automotive sector focusing on sustainability and environmental regulations becoming more stringent, there is a growing emphasis on the development of eco-friendly and low VOC coatings.
In terms of resin type segmentation, epoxy resins are favored in the automotive industry for their excellent adhesion properties, which ensure long-lasting paint adhesion to the vehicle's surface. Acrylic resins are valued for their weather resistance and durability, making them ideal for exterior automotive applications where exposure to environmental factors is high. Polyurethane resins offer high-performance characteristics such as scratch resistance and gloss retention, making them popular for topcoat applications. Alkyd resins are known for their fast drying capabilities, providing efficiency in automotive painting processes.
The technology segmentation of the automotive paints and coatings market highlights the shift towards environmentally friendly coatings. Waterborne coatings are gaining traction due to their low VOC content, compliance with environmental regulations, and faster drying times compared to solvent-borne coatings. Powder coatings, known for their durability and cost-effectiveness, are widely used for coating metal parts in the automotive sector. UV-cured coatings offer rapid curing times and increased productivity, making them suitable for high-speed production lines in the automotive industry.
Coat type segmentation showcases the different functions of automotive paints and coatings. Clearcoats provide a glossy finish and protect the underlying layers from external influences such as UV radiation and environmental factors. Basecoats determine the color and aesthetics of the vehicle, playing a vital role in the overall appearance. Primers are essential for surface preparation, enhancing adhesion and corrosion resistance before the final coat is applied. Electrocoats, which are applied through electrodeposition,**Global Automotive Paints and Coatings Market Analysis:**
- **Vehicle Type Segmentation:** The market is segmented based on vehicle type into passenger cars, heavy commercial vehicles, and light commercial vehicles. The increasing production and sales of passenger cars globally are driving the demand for automotive paints and coatings. The focus on aesthetics, durability, and protection in passenger vehicles is fueling the growth of this segment.
- **Coating Type Segmentation:** Automotive paints and coatings are categorized into basecoat, primer, electro-coat, and clear coat. Each type serves a specific function in enhancing the appearance and performance of vehicles. The demand for basecoats is driven by the need for color customization and aesthetics in the automotive industry. Primers play a vital role in preparing surfaces for optimal adhesion and corrosion resistance.
- **Technology Type Segmentation:** The market is segmented by technology type into solvent-borne, waterborne, UV-cured, and powder coatings. The shift towards eco-friendly coatings is propelling the growth of waterborne and UV-cured coatings due to their low VOC emissions and compliance with stringent environmental regulations. Powder coatings are gaining traction for their durability and cost-effectiveness in coating metal parts.
- **Texture Segmentation:** Automotive paints and coatings are segmented based on texture into metallic, solid, and matte finishes. Different textures cater to varying consumer preferences and vehicle designs. Metallic finishes provide a shiny and reflective surface, while solid finishes offer a sleek and uniform appearance. Matte finishes are gaining popularity for
TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
Key Coverage in the Automotive Paints and Coatings Market Report:
- Detailed analysis of Automotive Paints and Coatings Market by a thorough assessment of the technology, product type, application, and other key segments of the report
- Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
- Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
- Comprehensive analysis of the regions of the Automotive Paints and Coatings industry and their futuristic growth outlook
- Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
Browse Trending Reports:
Asthma Device Market
Automotive Sun Visor Market
Brain Ischemia Market
High Performance Ceramic Coatings Market
On Premise Content Intelligence Market
Boron Nitride Nanotubes In Nanomedicine Market
Atrial Fibrillation Surgery Market
Wet Vacuum Cleaner Market
Automotive Energy Absorption Ea Pads Market
Polyolefin Catalyst Market
Cold Pressed Sesame Seed Oil Market
Alstorm Syndrome Treatment Market
Astable Multivibrator Market
Mammary Duct Ectasia Market
Bio Based Smart Materials For Food Packaging Market
Pirimiphos Methyl Market
Medium Density Fibreboard Mdf Decorative Overlays Market
Cryptococcosis Market
Algae Fertilizers Market
Anti Tack Agents Market
Aarskog Syndrome Treatment Market
Bio Polybutylene Succinate Coatings Market
Microneedling Market
About Data Bridge Market Research:
Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact Us:
Data Bridge Market Research
US: +1 614 591 3140
UK: +44 845 154 9652
APAC : +653 1251 975
Email: [email protected]" Report this page