Authored By: Sarah
06 Jul 2021

Automotive Paints And Coatings Market Size to Grow by $ 2.89 bn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the automotive paints and coatings market and it is expected to grow by $ 2.89 bn, accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Automotive Paints and Coatings Market: Receive Free Sample Report


Automotive Paints And Coatings Market: Emerging Trends to Impact Market Growth

Increasing demand for innovative and specialty products to emerge as a key trend in the industrial automotive paints and coatings market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Automotive Paints And Coatings Market Size to Grow by $ 2.89 bn through 2021-2025 | Trend Analysis and Forecasts

Automotive Paints And Coatings Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Akzo Nobel NV, Arkema SA, Axalta Coating Systems Ltd., BASF SE, Clariant International Ltd., Covestro AG, DuPont de Nemours Inc., PPG Industries Inc., and The Sherwin-Williams Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market: Download a Free Sample Report

 

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of over 3%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 2.89 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Availability of coatings designed for fuel-efficient automotive will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    51% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are 3M Co., Akzo Nobel NV, Arkema SA, Axalta Coating Systems Ltd., BASF SE, Clariant International Ltd., Covestro AG, DuPont de Nemours Inc., PPG Industries Inc., and The Sherwin-Williams Co.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Solvent-based products, Water-based products, and Other products), Type (Electro-coat, Primer coat, Basecoat, and Clearcoat), Application (Passenger cars, Light commercial vehicles, and Heavy commercial vehicles), and Geography (APAC, Europe, North America, South America, and MEA)

Automotive Paints And Coatings Market Size to Grow by $ 2.89 bn through 2021-2025

The automotive paints and coatings market is expected to grow by $ 2.89 bn, accelerating at a CAGR of almost 3% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


Automotive Paints and Coatings Market: Receive Free Sample Report


Automotive Paints And Coatings Market: Segmentation by Product

This report provides a detailed analysis of the market by Product (Solvent-based products, Water-based products, and Other products), Type (Electro-coat, Primer coat, Basecoat, and Clearcoat), Application (Passenger cars, Light commercial vehicles, and Heavy commercial vehicles), and Geography (APAC, Europe, North America, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Automotive Paints And Coatings Market Size to Grow by $ 2.89 bn through 2021-2025 | Trend Analysis and Forecasts

Automotive Paints And Coatings Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Akzo Nobel NV, Arkema SA, Axalta Coating Systems Ltd., BASF SE, Clariant International Ltd., Covestro AG, DuPont de Nemours Inc., PPG Industries Inc., and The Sherwin-Williams Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

Read News Read Less
Interested in this report?
Get your sample now!
Technavio