Automotive Paints Market By Vehicle Type, By Technology, By Coating, By Texture Type, By Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: AUTOMOTIVE PAINTS MARKET, BY VEHICLE TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Passenger cars
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Light commercial vehicle
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Heavy commercial vehicle
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: AUTOMOTIVE PAINTS MARKET, BY TECHNOLOGY
5.1 Overview
5.1.1 Market size and forecast
5.2 Waterborne Coatings
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Solvent Borne Coatings
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Powder Coatings
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country

CHAPTER 6: AUTOMOTIVE PAINTS MARKET, BY COATING
6.1 Overview
6.1.1 Market size and forecast
6.2 Primer
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Base coat
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Clear coat
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Electrocoat
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country

CHAPTER 7: AUTOMOTIVE PAINTS MARKET, BY TEXTURE TYPE
7.1 Overview
7.1.1 Market size and forecast
7.2 Solid
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Metallic
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Pearlescent
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
7.5 Others
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market analysis by country

CHAPTER 8: AUTOMOTIVE PAINTS MARKET, BY SALES CHANNEL
8.1 Overview
8.1.1 Market size and forecast
8.2 OEM
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market analysis by country
8.3 Aftermarket
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market analysis by country

CHAPTER 9: AUTOMOTIVE PAINTS MARKET, BY REGION
9.1 Overview
9.1.1 Market size and forecast
9.2 North America
9.2.1 Key trends and opportunities
9.2.2 North America Market size and forecast, by Vehicle Type
9.2.3 North America Market size and forecast, by Technology
9.2.4 North America Market size and forecast, by Coating
9.2.5 North America Market size and forecast, by Texture Type
9.2.6 North America Market size and forecast, by Sales Channel
9.2.7 North America Market size and forecast, by country
9.2.7.1 U. S.
9.2.7.1.1 Market size and forecast, by Vehicle Type
9.2.7.1.2 Market size and forecast, by Technology
9.2.7.1.3 Market size and forecast, by Coating
9.2.7.1.4 Market size and forecast, by Texture Type
9.2.7.1.5 Market size and forecast, by Sales Channel
9.2.7.2 Canada
9.2.7.2.1 Market size and forecast, by Vehicle Type
9.2.7.2.2 Market size and forecast, by Technology
9.2.7.2.3 Market size and forecast, by Coating
9.2.7.2.4 Market size and forecast, by Texture Type
9.2.7.2.5 Market size and forecast, by Sales Channel
9.2.7.3 Mexico
9.2.7.3.1 Market size and forecast, by Vehicle Type
9.2.7.3.2 Market size and forecast, by Technology
9.2.7.3.3 Market size and forecast, by Coating
9.2.7.3.4 Market size and forecast, by Texture Type
9.2.7.3.5 Market size and forecast, by Sales Channel
9.3 Europe
9.3.1 Key trends and opportunities
9.3.2 Europe Market size and forecast, by Vehicle Type
9.3.3 Europe Market size and forecast, by Technology
9.3.4 Europe Market size and forecast, by Coating
9.3.5 Europe Market size and forecast, by Texture Type
9.3.6 Europe Market size and forecast, by Sales Channel
9.3.7 Europe Market size and forecast, by country
9.3.7.1 Germany
9.3.7.1.1 Market size and forecast, by Vehicle Type
9.3.7.1.2 Market size and forecast, by Technology
9.3.7.1.3 Market size and forecast, by Coating
9.3.7.1.4 Market size and forecast, by Texture Type
9.3.7.1.5 Market size and forecast, by Sales Channel
9.3.7.2 France
9.3.7.2.1 Market size and forecast, by Vehicle Type
9.3.7.2.2 Market size and forecast, by Technology
9.3.7.2.3 Market size and forecast, by Coating
9.3.7.2.4 Market size and forecast, by Texture Type
9.3.7.2.5 Market size and forecast, by Sales Channel
9.3.7.3 UK
9.3.7.3.1 Market size and forecast, by Vehicle Type
9.3.7.3.2 Market size and forecast, by Technology
9.3.7.3.3 Market size and forecast, by Coating
9.3.7.3.4 Market size and forecast, by Texture Type
9.3.7.3.5 Market size and forecast, by Sales Channel
9.3.7.4 Russia
9.3.7.4.1 Market size and forecast, by Vehicle Type
9.3.7.4.2 Market size and forecast, by Technology
9.3.7.4.3 Market size and forecast, by Coating
9.3.7.4.4 Market size and forecast, by Texture Type
9.3.7.4.5 Market size and forecast, by Sales Channel
9.3.7.5 Rest of Europe
9.3.7.5.1 Market size and forecast, by Vehicle Type
9.3.7.5.2 Market size and forecast, by Technology
9.3.7.5.3 Market size and forecast, by Coating
9.3.7.5.4 Market size and forecast, by Texture Type
9.3.7.5.5 Market size and forecast, by Sales Channel
9.4 Asia-Pacific
9.4.1 Key trends and opportunities
9.4.2 Asia-Pacific Market size and forecast, by Vehicle Type
9.4.3 Asia-Pacific Market size and forecast, by Technology
9.4.4 Asia-Pacific Market size and forecast, by Coating
9.4.5 Asia-Pacific Market size and forecast, by Texture Type
9.4.6 Asia-Pacific Market size and forecast, by Sales Channel
9.4.7 Asia-Pacific Market size and forecast, by country
9.4.7.1 China
9.4.7.1.1 Market size and forecast, by Vehicle Type
9.4.7.1.2 Market size and forecast, by Technology
9.4.7.1.3 Market size and forecast, by Coating
9.4.7.1.4 Market size and forecast, by Texture Type
9.4.7.1.5 Market size and forecast, by Sales Channel
9.4.7.2 Japan
9.4.7.2.1 Market size and forecast, by Vehicle Type
9.4.7.2.2 Market size and forecast, by Technology
9.4.7.2.3 Market size and forecast, by Coating
9.4.7.2.4 Market size and forecast, by Texture Type
9.4.7.2.5 Market size and forecast, by Sales Channel
9.4.7.3 India
9.4.7.3.1 Market size and forecast, by Vehicle Type
9.4.7.3.2 Market size and forecast, by Technology
9.4.7.3.3 Market size and forecast, by Coating
9.4.7.3.4 Market size and forecast, by Texture Type
9.4.7.3.5 Market size and forecast, by Sales Channel
9.4.7.4 South Korea
9.4.7.4.1 Market size and forecast, by Vehicle Type
9.4.7.4.2 Market size and forecast, by Technology
9.4.7.4.3 Market size and forecast, by Coating
9.4.7.4.4 Market size and forecast, by Texture Type
9.4.7.4.5 Market size and forecast, by Sales Channel
9.4.7.5 Rest of Europe
9.4.7.5.1 Market size and forecast, by Vehicle Type
9.4.7.5.2 Market size and forecast, by Technology
9.4.7.5.3 Market size and forecast, by Coating
9.4.7.5.4 Market size and forecast, by Texture Type
9.4.7.5.5 Market size and forecast, by Sales Channel
9.5 LAMEA
9.5.1 Key trends and opportunities
9.5.2 LAMEA Market size and forecast, by Vehicle Type
9.5.3 LAMEA Market size and forecast, by Technology
9.5.4 LAMEA Market size and forecast, by Coating
9.5.5 LAMEA Market size and forecast, by Texture Type
9.5.6 LAMEA Market size and forecast, by Sales Channel
9.5.7 LAMEA Market size and forecast, by country
9.5.7.1 Latin America
9.5.7.1.1 Market size and forecast, by Vehicle Type
9.5.7.1.2 Market size and forecast, by Technology
9.5.7.1.3 Market size and forecast, by Coating
9.5.7.1.4 Market size and forecast, by Texture Type
9.5.7.1.5 Market size and forecast, by Sales Channel
9.5.7.2 Middle East
9.5.7.2.1 Market size and forecast, by Vehicle Type
9.5.7.2.2 Market size and forecast, by Technology
9.5.7.2.3 Market size and forecast, by Coating
9.5.7.2.4 Market size and forecast, by Texture Type
9.5.7.2.5 Market size and forecast, by Sales Channel
9.5.7.3 Africa
9.5.7.3.1 Market size and forecast, by Vehicle Type
9.5.7.3.2 Market size and forecast, by Technology
9.5.7.3.3 Market size and forecast, by Coating
9.5.7.3.4 Market size and forecast, by Texture Type
9.5.7.3.5 Market size and forecast, by Sales Channel

CHAPTER 10: COMPANY LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Key developments

CHAPTER 11: COMPANY PROFILES
11.1 PPG Industries
11.1.1 Company overview
11.1.2 Company snapshot
11.1.3 Operating business segments
11.1.4 Product portfolio
11.1.5 Business performance
11.1.6 Key strategic moves and developments
11.2 BASF SE
11.2.1 Company overview
11.2.2 Company snapshot
11.2.3 Operating business segments
11.2.4 Product portfolio
11.2.5 Business performance
11.2.6 Key strategic moves and developments
11.3 Akzo Nobel N. V.
11.3.1 Company overview
11.3.2 Company snapshot
11.3.3 Operating business segments
11.3.4 Product portfolio
11.3.5 Business performance
11.3.6 Key strategic moves and developments
11.4 Axalta Coatings Systems LLC
11.4.1 Company overview
11.4.2 Company snapshot
11.4.3 Operating business segments
11.4.4 Product portfolio
11.4.5 Business performance
11.4.6 Key strategic moves and developments
11.5 The Sherwin Williams Company
11.5.1 Company overview
11.5.2 Company snapshot
11.5.3 Operating business segments
11.5.4 Product portfolio
11.5.5 Business performance
11.5.6 Key strategic moves and developments
11.6 Kansai Paints Co. Ltd.
11.6.1 Company overview
11.6.2 Company snapshot
11.6.3 Operating business segments
11.6.4 Product portfolio
11.6.5 Business performance
11.6.6 Key strategic moves and developments
11.7 Nippon Paints Holdings Co. Ltd
11.7.1 Company overview
11.7.2 Company snapshot
11.7.3 Operating business segments
11.7.4 Product portfolio
11.7.5 Business performance
11.7.6 Key strategic moves and developments
11.8 DuPont de Nemours Inc
11.8.1 Company overview
11.8.2 Company snapshot
11.8.3 Operating business segments
11.8.4 Product portfolio
11.8.5 Business performance
11.8.6 Key strategic moves and developments
11.9 Clariant AG
11.9.1 Company overview
11.9.2 Company snapshot
11.9.3 Operating business segments
11.9.4 Product portfolio
11.9.5 Business performance
11.9.6 Key strategic moves and developments
11.10 Solvay S. A.
11.10.1 Company overview
11.10.2 Company snapshot
11.10.3 Operating business segments
11.10.4 Product portfolio
11.10.5 Business performance
11.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Automotive Paints Market,' the automotive paints market was valued at $20.5 billion in 2021, and is estimated to reach $29.7 billion by 2031, growing at a CAGR of 4.1% from 2022 to 2031.

Presently, the global automotive paints market is dominated by Asia-Pacific followed by Europe, North America, and LAMEA. In Asia-Pacific, the market is mainly driven by China, owing to the optimistic automotive sector scenario. In North America, the U.S. is expected to witness considerable growth in the automotive paints industry during the forecast period.

Automotive paint is used on automobiles for both protective and decorative purposes, automotive paint is sprayed on automobile surfaces with assistance of a spray gun. These paints consist of polyurethane-based enamel, which protects surface from environmental damage, thus enhancing aesthetics of motor vehicles. The process of automobile painting comprises defined steps to ensure application of protective and efficient coating. Parts and body panels of automobiles are arranged into a temporary assembly known as body-in-white (BIW). Subsequently, automotive paint is applied in a temperature-controlled environment to accelerate the drying process. Multiple stages of application are done to ensure integrity of the paintwork for an extended period.

In addition, key manufacturers have carried numerous developments in the global automotive paints market. For instance, in May 2022, Axalta Coating Systems, one of the largest suppliers of automotive paints and coatings solutions launched its new range of primers Alesta ZeroZinc in Europe, the Middle East, and Africa. Thus, high use and development in primers are expected to drive demand for primers during the forecast period.

In addition, in October 2020, the Sherwin-Williams company launched its Pro Industrial Pre-Catalyzed Water-based Urethane, which is based on waterborne technology. The Pro Industrial Pre-Catalyzed Water-based Urethane offers excellent UV resistance, excellent gloss & color retention, easy application & cleanup and it is also suitable for use in USDA-inspected facilities.

Factors such as increase in automobile production and surge in demand for eco-friendly automotive paints are the key factors that drive growth of the global automotive paints market. However, rise in prices of raw materials to manufacture automotive paints hinder growth of the market. On the contrary, increase in focus to produce cost-effective automotive paints is anticipated to offer remunerative growth opportunities for the player operating in the market.

The global automotive paints market is segmented into the coating, texture type, technology, vehicle type, and region. Depending on coating, the market is classified as a primer, base coat, clear coat, and electrocoat. By texture type, it is categorized into solid, metallic, pearlescent, and others. On the basis of technology, it is segregated into waterborne coatings, solvent-borne coatings, and powder coatings. As per vehicle type, it is fragmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

COVID-19 Impact Analysis:

According to the International Labor Organization (ILO), it is estimated that factory closures in Europe and North America caused some 2.5 million vehicles to be removed from production schedules at a cost of $77.7 billion in lost revenue for automotive and related manufacturing companies such as automotive paints, and other component industries.

In addition, in 2020, paints and coatings prices were high in Asia-Pacific. Price rise was attributed to continuous regional demand trends and tight product availability. Firm downstream demand for paints & coatings and stronger upstream costs are expected to sustain the price gain. However, rise in awareness for using eco-friendly products among citizens of both developed and developing economies propel popularity of paints and coatings with minimal or no volatile organic compounds (VOCs) emissions in various end use sectors post COVID-19 scenario.

KEY FINDINGS OF THE STUDY

By vehicle type, the passenger cars segment dominated the global automotive paints market in 2021, in terms of revenue

By technology, the powder coatings segment is expected to register highest growth, registering a CAGR of 8.3% during the forecast period

By coating, the clear coat segment dominated the global automotive paints market in 2021, in terms of revenue

By texture type, the metallic segment is expected to register the fastest growth, registering a CAGR of 5.0% during the forecast period

By sales channel, the OEM segment dominated the global automotive paints market in 2021, in terms of revenue

By region, Asia-Pacific dominated the global automotive paints market in 2021 in terms of market share
The key players operating in the global automotive paints market are BASF SE, PPG, Akzo Nobel N.V, Axalta Coating Systems, LLC, The Sherwin-Williams, Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd., DuPont, Clariant, Solvay, and others.

Companies Mentioned

• Ppg Industries
• BASF SE
• Akzo Nobel N.V.
• Axalta Coatings Systems LLC
• the Sherwin Williams Company
• Kansai Paints Co. Ltd.
• Nippon Paints Holdings Co. Ltd.
• Dupont De Nemours Inc.
• Clariant AG
• Solvay SA

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.