Press release
Automotive Coatings Market Size, Share 2021, Top Trends and Key players like Axalta, BASF, PPG Industries, Bayer, Valspar, AkzoNobel, Sherwin-Williams, Arkema, Clariant, Solvay
Automotive coatings market
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.
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The automotive coatings market can be segmented into various types based on different parameters. For instance, by technology the industry is segmented into waterborne, solvent borne and UV-cured, while based on product, it is categorized into primer, basecoat, clearcoat, and electrocoat.
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:
1. Axalta
2. BASF
3. PPG Industries
4. Kansai Paint Private Limited
5. Nippon Paint (Pakistan) (Pvt) Ltd
6. Bayer
7. KCC Corporation
8. Valspar
9. AkzoNobel
10. Sherwin-Williams
11. Arkema
12. Beckers Group
13. Berger Paints India
14. Cabot Corporation
15. Clariant
16. Eastman Chemical Company
17. Jotun
18. LORD Corporation
19. DSM
20. Solvay
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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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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