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Automotive Coating Market by Resin Type, Technology, Coat Type - Global Forecast to 2021

Automotive Coating Market: Global Forecast until 2021

  • September 2016
  • 152 pages
  • ID: 4169031
In this report:
The market size for the basecoat segment is expected to grow from ##.## kilotons to ##.## kilotons between 2016 and 2021, with a CAGR of ##.##% during the forecast period.
The market size for polyurethane resin segment is expected to grow from ##.## kilotons in 2016 to ##.## kilotons by 2021, at a CAGR of ##.##% during the forecast period.


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"Consumer preference for various color, sales supportive policies, and increasing purchasing power in emerging economies to drive the automotive coating market"

The overall automotive coating market size is forecasted to reach ~$16.2B by 2021, recording a compound annual growth rate (CAGR) of ~7.0 percent between 2016 and 2021. Demand for distinct color & texture, enhancement of sales supportive policies, and growing purchasing power parity in emerging economies is driving the automotive coating market.

"Basecoat is the quickest-growing segment in the automotive coating market"

Basecoat is the third layer applied to a car's body after e-coat and primer layer. Basecoat is the quickest-growing segment among all the coat type considered. The rise is high as new and innovative technologies are being developed by automotive coating manufacturers. For example, in new integrated system, the primer layer is omitted and is replace with two layers of basecoat. One layer of basecoat absorbs UV radiation and other is advanced basecoat. This kind of technological developments are forecast to steer the basecoat segment in the automotive coating market.

"Epoxy automotive coating segment to witness more important rise"

Automotive coating makes use of different resins including polyurethane, epoxy, acrylic, and others. These are the main resin type considered in the market research. Epoxy resin is forecasted to be the quickest-growing segment among them, in terms of quantity, between 2016 and 2021. This increase is influenced by rising demand of this resin in water-borne and powder coating technologies. End-use sectors are demanding environment friendly products as regulatory laws are becoming stringent. Therefrom, the rise of epoxy resin segment is estimated to be high compare to other resins used in the automotive coating sector.

"Increasing demand from final users in Asia-Pac is the main driver of the overall automotive coating market"

Asia Pacific (APAC) is the quickest developing market for automotive coating, in terms of both value and quantity. High economic increase rate, increasing purchasing power, developing infrastructure, growing demand from end-use markets, and overall shift in production capacity from developed sectors are the main factors leading to the increase of the automotive coating market in this area.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been conducted. The breakdown of primary interviews is presented below.

- By Company Type - Tier 1 - 40.0 percent, Tier 2 - 35.0 percent, and 1/3 3 - 25.0 percent

- By Description - C-suite - 55.0 percent, D-suite - 25.0 percent, and Others - 20.0 percent

- By area - North america (NA) - 35.0 percent, Europe - 25.0 percent, Asia-Pacific - 15.0 percent, South America- 10.0 percent, and the Middle East & Africa - 10.0 percent

The main companies decribed in this research report are BASF SE, Axalta Coating Systems Ltd (NYSE:AXTA), PPG Industries (NYSE:PPG), Kansai Paint Co., Limited, Nippon Paint Holdings Co., Limited, The Valspar Corporation, KCC Corporation, Sherwin-Williams, AkzoNobel, and Jotun A/S.

- Investment research companies

Scope of the report:

This market research classifies the overall automotive coating market established on resin type, technology type, coat type, and area.

Established on area:

- North america (NA)

The sector is further analyzed for the main countries in each of these regions.

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