LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global automotive paints and coatings market and it is poised to grow by USD 3.96 billion during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Akzo Nobel NV, Arkema SA, Axalta Coating Systems Ltd., BASF SE, Clariant International Ltd., Covestro AG, KC Co. Ltd., PPG Industries Inc., and Sika AG 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 positions in the slow-growing segments.
The increasing demand for innovative and specialty products has been instrumental in driving the growth of the market. However, stringent emission regulations governing the market might hamper market growth.
Automotive Paints and Coatings Market 2020-2024 : Segmentation
Automotive Paints and Coatings Market is segmented as below:
- Solvent-based Products
- Water-based Products
- Other Products
- North America
- South America
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Automotive Paints and Coatings Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive paints and coatings market report covers the following areas:
- Automotive Paints and Coatings Market Size
- Automotive Paints and Coatings Market Trends
- Automotive Paints and Coatings Market Industry Analysis
This study identifies the rapid expansion of the automotive industry in APAC as one of the prime reasons driving the automotive paints and coatings market growth during the next few years.
Automotive Paints and Coatings Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automotive paints and coatings market, including some of the vendors such as 3M Co., Akzo Nobel NV, Arkema SA, Axalta Coating Systems Ltd., BASF SE, Clariant International Ltd., Covestro AG, KC Co. Ltd., PPG Industries Inc., and Sika AG. Backed with competitive intelligence and benchmarking, our research reports on the automotive paints and coatings market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Automotive Paints and Coatings Market 2020-2024 : Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive paints and coatings market growth during the next five years
- Estimation of the automotive paints and coatings market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive paints and coatings market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive paints and coatings market vendors
Table Of Contents :
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019-2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Solvent-based products - Market size and forecast 2019-2024
- Water-based products - Market size and forecast 2019-2024
- Other products - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Application
- Market segments
- Comparison by Application
- Passenger cars - Market size and forecast 2019-2024
- Light commercial vehicles - Market size and forecast 2019-2024
- Heavy commercial vehicles - Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Type (qualitative)
- Primer coat
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- 3M Co.
- Akzo Nobel NV
- Arkema SA
- Axalta Coating Systems Ltd.
- BASF SE
- Clariant International Ltd.
- Covestro AG
- KC Co. Ltd.
- PPG Industries Inc.
- The Sherwin-Williams Co.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.