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).