Automotive Coatings Market growth overviews 2026 | Axalta , BASF, PPG Industries, Bayer, Valspar, AkzoNobel, Sherwin-Williams, Arkema, Clariant, Solvay
A notable rise in disposable incomes and technological developments has had a positive influence over automotive coatings market over the years. Automobile coatings are a key focus for the manufacturers as they offer optimal levels of durability, protection from the environment and a wide variety of choices in appearance that essentially helps cars look attractive.
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Despite its robust application potential however, the automotive coatings market encounters a significant roadblock owing to the highly complex application process. The process is relatively costly as it requires skilled workforce to apply and smoothen the coat properly.
Many prominent automotive manufacturers across the globe are now relying on ADI (Aliphatic Diisocyanates)-based automotive coating technologies as a key factor for production. ADI-based polyurethane coatings demonstrate strong application potential, not just in cars but also across various other vehicles including trucks, buses, construction equipment and more.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
3. PPG Industries
4. Kansai Paint Private Limited
5. Nippon Paint (Pakistan) (Pvt) Ltd
7. KCC Corporation
12. Beckers Group
13. Berger Paints India
14. Cabot Corporation
16. Eastman Chemical Company
18. LORD Corporation
Major automotive coatings market players are paving the way for substantial growth prospects for the industry in the upcoming years, through various strategic moves such as partnerships and M&A, among others.
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PPG, for instance has made significant strides in this regard, with the acquisitions of prominent paint and coatings manufacturers over the years. These include the company’s 2019 acquisition of German automotive coatings producer Hemmelrath, as well as the more recent 2020 acquisition of ICR (Industria Chimica Reggiana) S.p.A, a coatings and paint manufacturer catering to the light industrial coatings and automotive refinish industries.
Automotive coating technologies have evolved tremendously over the years, becoming more efficient, sophisticated and durable as the years progress. As is evidenced by the industry’s consistent performance enhancement over the past 100 years, it is anticipated that the automotive coatings industry will continue its upwards trajectory and contribute towards a more efficient and optimized automotive outlook in the years ahead.
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