Paint Market | by Vehicle Type | Technology | Content | Insights of Industry Experts | Key Trends 2018 | Global Forecast to 2020

Paint Market Automotive by Vehicle Type, Coat (Electrocoat, Primer, Basecoat, Clearcoat), Technology (Solvent & Waterborne, Powder Coating), Texture (Solid & Metallic), Content (Electrocoat, Solvent & Waterborne-Base & Clearcoats), & by Region – Global Forecast to 2020

Paint Market |  by Vehicle Type | Technology | Content | Insights of Industry Experts | Key Trends 2018 | Global Forecast to 2020

Automotive paints Market are transforming in the market in terms of their technologies and have evolved according to the performance requirements of vehicle applications from traditional conventional (solvent-borne) paint to the latest waterborne and powder coatings. Based on the available technologies in the market, this report covers qualitative and quantitative market sizing and forecasting till 2020 for the paints marketplace for key countries in Asia-Oceania, Europe, North America, and Rest of the World (RoW). The marketplace has been projected till 2020 by automotive coat type, by content type, by texture type, and by region.

Browse 70 market data tables and 72 figures spread through 165 pages and in-depth TOC on “Paint Market by Vehicle Type, Coat (Electrocoat, Primer, Basecoat, Clearcoat), Technology (Solvent & Waterborne, Powder Coating), Texture (Solid & Metallic), Content (Electrocoat, Solvent & Waterborne-Base & Clearcoats), & by Region - Forecast to 2020"

New technologies such as waterborne coatings and powder coatings are slowly gaining preference over conventional solvent-borne paints. The major reasons for this shift in preference is the low VOC content of paints using these technologies and the growing environmental concerns in terms of emissions from these paints. OEMs are also adopting efficient technologies to comply with various regional emission norms in developed economies. Increasing vehicle production and growing demands for carbon footprint technologies have driven the growth of the global automotive paints marketplace. However, fluctuating raw material prices and low-adoption rates of eco-friendly coatings in high-volume markets have restrained the growth of the automotive paints market.

Manufacturers of paints are striving to offer cost-efficient explanations without compromising on the presentation of the paints through their product offerings. Suppliers are concentrating on globalization and developing products to comply with the emission norms and remain inexpensive in the market. For this purpose, Tier-1 suppliers and OEMs are partnering to develop new technologies to save development costs and offer efficient technologies in the paints market. The major players in the automotive paints market identified include PPG Industries, Inc. (U.S.), Axalta Coating Systems LLC (U.S.), Kansai Paint Co. Ltd. (Japan), BASF SE (Germany), Nippon Paint Holdings Co. Ltd. (Japan), Arkema SA (France), Bayer AG (Germany), and AkzoNobel N.V. (The Netherlands).

The paints market for metallic paints will see a steady growth in the coming years as the demand for metallic finish is on a steady rise given the attractive glossy finish offered by these paints. In developed regions such as Europe and North America, metallic paints are used widely even for heavy commercial vehicles along with passenger cars and light commercial vehicles; whereas, in the Asia-Oceania region, solid paints are preferred as heavy commercial paints.

The global paints market is dominated by many international as well as local players; some of them being PPG Industries, Inc. (U.S.), Axalta Coating Systems LLC (U.S.), Kansai Paint Co. Ltd. (Japan), Arkema SA (France), BASF SE (Germany), and Nippon Paint Holdings Co. Ltd. (Japan).