Global Automotive Coatings Sales Data & Market Report 2020 and Forecast 2021-2026

                                          
A recently concluded research by Trusted Business Insights titled Global Automotive Coatings Sales Market Report 2020 will enable in acquiring a holistic view of overall market scenario and it’s most lucrative sectors. The research report provides quality data in a business and management reporting format. It examines the historic accomplishments and recent opportunities present in the global Automotive Coatings market. Trusted Business Insights report focuses on the consumption, geography, by type, by application, and the competitive landscape. This report splits the data for each region to analyze the leading companies, applications, and product types.

Trusted Business Insights aims to provide a complete knowledgeable report so that the readers will benefit from it. The report is properly examined and compiled by industry experts and will shed light on the key information that requires from the clients.

Report Overview: Automotive Coatings Market


Automotive Paint & Coating is paint or coating used on vehicle bodies and other components. Generally, it refers to automotive OEM coating and automotive refinish coating.

The global Automotive Coatings market size is projected to reach US$ 15320 million by 2026, from US$ 12120 million in 2020, at a CAGR of 4.0% during 2021-2026.

The global Automotive Coatings market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Coatings market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.

Asia Pacific was the largest market with 56.5% of the volume share in 2015 and the trend is expected to continue on account of increasing vehicle manufacturing in the region. The automotive sector of Asia Pacific is driven by rising sales and production in countries including China, Japan, India, South Korea, and Thailand.

China is expected to foresee strong growth owing to its large automobile production base. China was the largest producer of automobiles and is likely to remain the leading manufacturer on account of economic labor in the country. Moreover, the relocation of manufacturing bases by companies such as Volkswagen, Audi, Honda, Nissan, Toyota, Hyundai, Skoda, and Fiat to China owing to the availability of affordable workforce is anticipated to drive the market demand.

Europe is expected to witness steady growth over the upcoming years on account of increasing vehicle manufacturing in countries including Germany, Sweden, Italy, France, the UK, and the Czech Republic. In addition, growing population coupled with rising income levels is likely to stimulate the demand over the forecast period.

Geographical Analysis: Automotive Coatings Market

Based on region, the global Automotive Coatings market is segmented into North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America). Research analysts have studied government initiatives, changing the political environment, and social scenarios that are likely to contribute to the growth of the regional markets.

Key Players: Automotive Coatings Market

The major players that are operating in the global Automotive Coatings market are

Axalta Coating Systems
BASF
PPG Industries
Nippon Paint
Kansai Paint
AkzoNobel
Sherwin-Williams Company
KCC Paint
Bayer AG
Arkema SA
Beckers Group
Cabot Corporation
Berger Paints
Eastman Chemical Company
Valspar Corporation
Clariant AG
Deft, Inc.
Jotun A/S
Royal DSM
Lord Corporation
Solvay S.A.

Segment by Type Automotive Coatings Market

Primer
Electrocoat
Basecoat
Clearcoat

Segment by Application Automotive Coatings Market

Light Vehicle OEM
Commercial Vehicle OEM

Competitive Landscape:

Factors such as cost analysis, marketing strategy, factor analysis, distributors, sourcing strategy, and industrial chain are all the parts of the global Automotive Coatings market. The report also includes the analysis of the return on investment (ROI) feasibility with the estimated SWOT analysis.

The report covers the following objectives:

• Proliferation and maturation of trade in the global Automotive Coatings market.
• The market share of the global Automotive Coatings market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Coatings market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Coatings market.
This research comprehensively answers the following 9 important questions:

 	
Q.1. What are some of the most promising growth trends in the Automotive Coatings market worldwide?
 	
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
 	
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
 	
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in the Automotive Coatings market?
 	
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Automotive Coatings market?
 	
Q.6.What are the emerging trends post COVID-19 reshuffle in this Automotive Coatings market and the what are reasons behind these trends and do they translate in global exploration?
 	
Q.7. Who are the major global and regional players in the Automotive Coatings market? Which are the strategic initiatives key players are pursuing for business growth?
 	
Q.8.Which are the competing products in the Automotive Coatings market and how big of a threat do they pose for loss of market share by material or product substitution?
 	
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Automotive Coatings industry?