Automotive Paints: 2018-2025 Worldwide Market Analysis & Forecasts by Type, Resin, Technology, Paint Equipment, Texture, Content, ICE & EVs, Refinish and Region

Technlogy & Business
Typography

DUBLIN, July 20, 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 demand for automotive paints is driven by the increasing demand for vehicles; whereas, technologies and R&D investments are influenced by government regulations.

However, advancements in automotive safety technologies have resulted in the reduced number of accidents, which, in turn, is a restraint for the automotive refinish paints market.

Waterborne technology is estimated to have the largest share in automotive paints market, by technology

The major advantage of waterborne paint is its low toxicity and flammability due to lower VOC levels. Paints based on this technology have excellent adhesion and greater heat resistance compared to solvent-based paints.

Owing to stringent emission regulations such as Regulation, Evaluation, Authorisation and Restriction of Chemical Substances (REACH), countries in Europe are reducing the use of solvent-borne paints and have shifted towards eco-friendly waterborne paints.

North America and Europe are estimated to showcase the largest usage rate for waterborne paints and are projected to grow at a steady pace over the forecast period.

Developing markets such as India and China are also switching to water-based paints, thus increasing the demand for waterborne paints over the forecast period.

Asia Oceania to dominate the automotive paints market

The automotive industry in the Asia Oceania region has been dynamic over the past few years and has seen an increase in the annual production of passenger and commercial vehicles. As a result, in the recent years, Asia Oceania has emerged as a hub for automobile production.

As compared to the region's substantial population, the vehicle ownership is low, making Asia Oceania an attractive market for global manufacturers. With the increasing vehicle production, the demand for paint will also increase, making increasing vehicle production the single biggest driver of the Asia Oceania automotive paints market.

Currently, due to the lack of strict VOC regulations, the usage of waterborne paints is lower than that in the western countries. This situation, however, is expected to change in the future and the demand for waterborne coating is projected to increase.

These factors combined, Asia Oceania is projected to be the largest automotive paint market over the forecast period.

Key Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.3.1 Markets Covered

1.3.2 Years Considered for the Study

1.4 Currency

1.5 Package Size

1.6 Limitations

1.7 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Secondary Data

2.2.1 Key Secondary Sources

2.3 Primary Data

2.4 Factor Analysis

2.4.1 Introduction

2.4.2 Demand-Side Analysis

2.4.2.1 Increasing Vehicle Production

2.4.2.2 Changing Consumer Preferences Shaping the Refinish Market

2.4.3 Supply-Side Analysis

2.4.3.1 Advancements in Paint Technologies

2.5 Market Size Estimation

2.5.1 Bottom-Up Approach

2.5.2 Top-Down Approach

2.6 Market Breakdown & Data Triangulation

2.7 Assumptions

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

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

6.1 Introduction

6.2 Electrocoat

6.3 Primer

6.4 Basecoat

6.5 Clearcoat

7 Automotive Paints Market, By Technology

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

7.1 Introduction

7.2 Solvent-Borne

7.3 Waterborne

7.4 Powder Coating

8 Automotive Paints Market, By Resin Type

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

8.1 Introduction

8.2 Polyurethane

8.3 Epoxy

8.4 Acrylic

8.5 Other Resins

9 Automotive Paints Market, By Texture

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

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

Note: The Chapter is Segmented By Electrocoat (Water, Resin, Pigments & Addtives), Basecoat (Solventbourne- Petroleum Based Solvent, Resin & Binder, Pigment & Colorant, Silicone Polymenrs & Additives, Waterbourne - Silicone Polymenrs & Additives, Water, Resin & Binder, Petroleum Based Solvent, Pigment & Colorant) and Clearcoat (Solventbourne - Petroleum Based Solvent, Resin & Binder, Pigment & Colorant, Silicone Polymenrs & Additives , Waterbourne - Silicone Polymenrs & Additives, Water, Resin & Binder, Petroleum Based Solvent, Pigment & Colorant)

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

Note: The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

11.1 Introduction

11.2 Airless Spray Gun

11.3 Electrostatic Spray Gun

12 Automotive Paints Market, By Vehicle Type

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

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

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

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

Note: The Chapter is Further Segmented By Resin Type and Further It is Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

14.1 Introduction

14.2 Polyurethane

14.3 Epoxy

14.4 Acrylic

14.5 Other Resins

15 Automotive Paints Market, By Region

Note: The Chapter is Further Segmented at Country Level and By Paint Type (Electrocoat, Primer, Basecoat and Clearcoat)

15.1 Introduction

15.2 North America

15.2.1 US

15.2.2 Mexico

15.2.3 Canada

15.3 Asia Oceania

15.3.1 China

15.3.2 Japan

15.3.3 South Korea

15.3.4 India

15.3.5 Asia Oceania Others

15.4 Europe

15.4.1 Germany

15.4.2 France

15.4.3 UK

15.4.4 Italy

15.4.5 Spain

15.4.6 Europe Others

15.5 Rest of the World (RoW)

15.5.1 Brazil

15.5.2 Russia

15.5.3 South Africa

15.5.4 RoW Others

16 Competitive Landscape

16.1 Overview

16.2 Automotive Paints: Market Share Analysis

16.2.1 OEM Paint Market

16.2.2 Refinish Paint Market

16.3 Competitive Scenario

16.3.1 Expansions

16.3.2 Supply Contracts

16.3.3 New Product Launches/Developments

16.3.4 Partnerships/Joint Ventures

16.3.5 Mergers/Acquisitions

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/rqfrdf/automotive?w=5

Media Contact:

Research and Markets

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470

For U.S./CAN Toll Free Call +1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com

DUBLIN, July 20, 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 demand for automotive paints is driven by the increasing demand for vehicles; whereas, technologies and R&D investments are influenced by government regulations.

However, advancements in automotive safety technologies have resulted in the reduced number of accidents, which, in turn, is a restraint for the automotive refinish paints market.

Waterborne technology is estimated to have the largest share in automotive paints market, by technology

The major advantage of waterborne paint is its low toxicity and flammability due to lower VOC levels. Paints based on this technology have excellent adhesion and greater heat resistance compared to solvent-based paints.

Owing to stringent emission regulations such as Regulation, Evaluation, Authorisation and Restriction of Chemical Substances (REACH), countries in Europe are reducing the use of solvent-borne paints and have shifted towards eco-friendly waterborne paints.

North America and Europe are estimated to showcase the largest usage rate for waterborne paints and are projected to grow at a steady pace over the forecast period.

Developing markets such as India and China are also switching to water-based paints, thus increasing the demand for waterborne paints over the forecast period.

Asia Oceania to dominate the automotive paints market

The automotive industry in the Asia Oceania region has been dynamic over the past few years and has seen an increase in the annual production of passenger and commercial vehicles. As a result, in the recent years, Asia Oceania has emerged as a hub for automobile production.

As compared to the region's substantial population, the vehicle ownership is low, making Asia Oceania an attractive market for global manufacturers. With the increasing vehicle production, the demand for paint will also increase, making increasing vehicle production the single biggest driver of the Asia Oceania automotive paints market.

Currently, due to the lack of strict VOC regulations, the usage of waterborne paints is lower than that in the western countries. This situation, however, is expected to change in the future and the demand for waterborne coating is projected to increase.

These factors combined, Asia Oceania is projected to be the largest automotive paint market over the forecast period.

Key Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.3.1 Markets Covered

1.3.2 Years Considered for the Study

1.4 Currency

1.5 Package Size

1.6 Limitations

1.7 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Secondary Data

2.2.1 Key Secondary Sources

2.3 Primary Data

2.4 Factor Analysis

2.4.1 Introduction

2.4.2 Demand-Side Analysis

2.4.2.1 Increasing Vehicle Production

2.4.2.2 Changing Consumer Preferences Shaping the Refinish Market

2.4.3 Supply-Side Analysis

2.4.3.1 Advancements in Paint Technologies

2.5 Market Size Estimation

2.5.1 Bottom-Up Approach

2.5.2 Top-Down Approach

2.6 Market Breakdown & Data Triangulation

2.7 Assumptions

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

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

6.1 Introduction

6.2 Electrocoat

6.3 Primer

6.4 Basecoat

6.5 Clearcoat

7 Automotive Paints Market, By Technology

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

7.1 Introduction

7.2 Solvent-Borne

7.3 Waterborne

7.4 Powder Coating

8 Automotive Paints Market, By Resin Type

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

8.1 Introduction

8.2 Polyurethane

8.3 Epoxy

8.4 Acrylic

8.5 Other Resins

9 Automotive Paints Market, By Texture

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

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

Note: The Chapter is Segmented By Electrocoat (Water, Resin, Pigments & Addtives), Basecoat (Solventbourne- Petroleum Based Solvent, Resin & Binder, Pigment & Colorant, Silicone Polymenrs & Additives, Waterbourne - Silicone Polymenrs & Additives, Water, Resin & Binder, Petroleum Based Solvent, Pigment & Colorant) and Clearcoat (Solventbourne - Petroleum Based Solvent, Resin & Binder, Pigment & Colorant, Silicone Polymenrs & Additives , Waterbourne - Silicone Polymenrs & Additives, Water, Resin & Binder, Petroleum Based Solvent, Pigment & Colorant)

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

Note: The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

11.1 Introduction

11.2 Airless Spray Gun

11.3 Electrostatic Spray Gun

12 Automotive Paints Market, By Vehicle Type

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

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

Note - The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

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

Note: The Chapter is Further Segmented By Resin Type and Further It is Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

14.1 Introduction

14.2 Polyurethane

14.3 Epoxy

14.4 Acrylic

14.5 Other Resins

15 Automotive Paints Market, By Region

Note: The Chapter is Further Segmented at Country Level and By Paint Type (Electrocoat, Primer, Basecoat and Clearcoat)

15.1 Introduction

15.2 North America

15.2.1 US

15.2.2 Mexico

15.2.3 Canada

15.3 Asia Oceania

15.3.1 China

15.3.2 Japan

15.3.3 South Korea

15.3.4 India

15.3.5 Asia Oceania Others

15.4 Europe

15.4.1 Germany

15.4.2 France

15.4.3 UK

15.4.4 Italy

15.4.5 Spain

15.4.6 Europe Others

15.5 Rest of the World (RoW)

15.5.1 Brazil

15.5.2 Russia

15.5.3 South Africa

15.5.4 RoW Others

16 Competitive Landscape

16.1 Overview

16.2 Automotive Paints: Market Share Analysis

16.2.1 OEM Paint Market

16.2.2 Refinish Paint Market

16.3 Competitive Scenario

16.3.1 Expansions

16.3.2 Supply Contracts

16.3.3 New Product Launches/Developments

16.3.4 Partnerships/Joint Ventures

16.3.5 Mergers/Acquisitions

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/rqfrdf/automotive?w=5

Media Contact:

Research and Markets

Laura Wood, Senior Manager

This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call +1-917-300-0470

For U.S./CAN Toll Free Call +1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com

Advertisement

Advertisement

Translator

Advertisement
Advertisement

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Meet 2018 Award Winners: Solar PV ModuleTECH Awards 2018_Heartiest Congratulations! - https://t.co/4cBviyv7wb
About 16 hours ago
SolarQuarter EMobility Week India 2018 Only 36 Seats Remain! Secure Your Spot! 23 Aug 2018_New Delhi - https://t.co/mmAuUGkxCd
Saturday, 11 August 2018 08:23
SolarQuarter Attendee List: Confirmed Speakers & Companies At Solar PV ModuleTech 2018_Limited Seats_10 August 2018_ New Delhi - https://t.co/VhKNgorbVr
Tuesday, 07 August 2018 13:08

Advertisement