Global Automotive Paints & Coatings Market overview:

Global Automotive Paints & Coatings Market to reach USD 14493.01 million by 2025.

The Global Automotive Paints & Coatings Market valued approximately USD 8957 million in 2017 is anticipated to grow with a healthy growth rate of more than 6.2% over the forecast period 2018-2025.

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The major driving factors of automotive paints & coatings is constant improvement in their property and functionality. The proven ability of paints and coatings to increase the durability, presentation, and performance of end-products is the primary driver of the market for the same. Moreover, growing requirement of automotive refinish owing to vehicle maintenance and repair will stimulate the demand for paints & coatings over the upcoming years.

The major restraining factors of the automotive paints & coatings are difficulty in sourcing the raw material and volatile prices of raw material. Automotive paint is paint used on automobiles for both protection and decoration purposes.

Growth opportunity in the automotive paints and coatings is rapid adoption of advanced powder coating and thermal spray technologies. Automotive paint and coating includes various benefits such as excellent durability and duration, measurable thickness, hardness, ease of maintenance, resistance to contamination, hydrophobic properties and intense gloss and shine.

Geographically, Asia-Pacific is the leading/significant region across the world in terms of market share which is 56.5% in 2015. The automotive sector of Asia Pacific is driven by rising sales and production in countries including China, Japan, India, South Korea, and Thailand. China was the largest producer of automobiles and is likely to remain the leading manufacturer on account of economic labor in the country. Europe is witness steady growth over the upcoming years on account of increasing vehicle manufacturing in countries including Germany, Sweden, Italy, France and the UK. Asia Pacific region is anticipated to exhibit higher growth rate CAGR over the forecast period 2018-2025.

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Major Automotive Paints & Coatings Players:

1 Akzonobel N.V.

2 BASF SE

3 Axalta Coating Systems

4 Bayer

5 Cabot Corp

6 Donglai Coating Technology

7 Eastman

8 Feidal coatings

9 Nippon Paint Holdings

10 PPG Industries

Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 Asia Country (China, Japan, India)

3 Europe Country (Germany, UK)

4 Latin America (Brazil, Mexico)

5 Rest of the world (RoW)

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Table of Contents:

Global Automotive Paints & Coatings Market Report 2018

1 Executive Summary

2 Automotive Paints & Coatings Definition and Scope

3 Automotive Paints & Coatings Dynamics

4 Automotive Paints & Coatings Industry Analysis

5 Automotive Paints & Coatings, by Coat Type

6 Automotive Paints & Coatings, by Technology

7 Automotive Paints & Coatings, by Regional Analysis

8 Competitive Intelligence

9 Research Process

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