Global Automotive Paints And Coatings Market 2024-2028
The automotive paints and coatings market is forecasted to grow by USD 4.02 bn during 2023-2028, accelerating at a CAGR of 3.88% during the forecast period. The report on the automotive paints and coatings market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for innovative and specialty automotive paints and coatings, rising advancements in coating technology, and growing emphasis on color matching and digitalization of automotive paints and coatings.
Technavio's automotive paints and coatings market is segmented as below:
By Application
- Passenger cars
- Commercial vehicles
- Heavy commercial vehicles
By Product
- Solvent-based products
- Water-based products
- Other technology-based products
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the emergence of self-healing and self-cleaning coatings as one of the prime reasons driving the automotive paints and coatings market growth during the next few years. Also, increasing focus on eco-friendly and bio-based automotive paints and coatings and rising adoption of UV-curable coatings will lead to sizable demand in the market.
The report on the automotive paints and coatings market covers the following areas:
- Automotive paints and coatings market sizing
- Automotive paints and coatings market forecast
- Automotive paints and coatings market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive paints and coatings market vendors that include 3M Co., Akzo Nobel NV, Arkema Group, Axalta Coating Systems Ltd., Clariant International Ltd., Colors Co. for Paints, Covestro AG, Diamond Vogel, Durr AG, Jotun AS, Kansai Paint Co. Ltd., KCC Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, The Sherwin Williams Co., WEG Equipamentos Eletricos S.A., YATU ADVANCED MATERIALS CO., LTD., Henkel AG and Co. KGaA, and BASF SE. Also, the automotive paints and coatings market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.