Automotive Underbody Coatings Market on the Rise: Enhancing Vehicle Durability and Performance in a Competitive Landscape

LOS ANGELES, United States: The global Automotive Underbody Coatings market report offers fine intelligence that prepares market players to compete well against their toughest competitors on the basis of growth, sales, and other vital factors. The research study lays emphasis on key growth opportunities and market trends apart from critical market dynamics including market drivers and challenges. With the help of this report, interested parties can equip themselves to adapt according to the changes in the Automotive Underbody Coatings industry and secure a strong market position for years to come. The report provides market development statistics, a list of select leading players, deep regional analysis, and a broad market segmentation study to give a complete understanding of the global Automotive Underbody Coatings market.

The global market for Automotive Underbody Coatings was estimated to be worth US$ 1868 million in 2023 and is forecast to a readjusted size of US$ 2127 million by 2030 with a CAGR of 2.0% during the forecast period 2024-2030.

With the increasing requirements of the automotive industry for product performance and durability, the growth prospects of the underbody coatings market are quite optimistic.

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In terms of regional distribution, Asia Pacific will become the largest market in 2023, accounting for 53.52% of the market share. This trend is expected to continue as the automotive manufacturing industry in the region continues to grow, especially in China, Japan, India, South Korea and Southeast Asia. The rapid economic development and accelerated urbanization in the Asia-Pacific region have driven the demand for automobiles, thereby promoting the market growth of underbody coatings.

In terms of product types, rubberized automotive underbody coatings account for 59.15% of the global market, showing its advantages in durability and protective performance. This coating can not only effectively isolate the external environment from the bottom of the car, but also reduce noise and vibration, and enhance the driving experience. In addition, passenger cars are the largest end-use segment in the market, accounting for about 77.71% of the market share in 2023, reflecting consumers' strong demand for passenger car coatings.

The market competition is relatively fierce, and the industry concentration is high. The world's major automotive underbody coatings manufacturers include PPG, Henkel, Swarovski, 3M, Sika and ThreeBond. In 2023, the world's top five manufacturers accounted for about 51% of the market share, and these companies maintained their competitive advantages through continuous technological innovation and product research and development. However, with the rapid development of the market, new entrants are also increasing, and the competitive situation is becoming more complex.

Market Segmentation

Global Automotive Underbody Coatings Market, Segment by Type:

Rubberized

Asphalt Based

Wax Based

Others

Global Automotive Underbody Coatings Market, Segment by Application:

Passenger Car

Commercial Vehicle

Global Automotive Underbody Coatings Market, Segment by Region:

North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

In terms of market drivers, the demand for automotive underbody coatings is mainly affected by the following aspects: First, with the increase in automobile production and sales, the demand for high-performance coatings is also growing. Secondly, consumers' concerns about vehicle durability and safety have prompted automakers to invest more in chassis protection. In addition, the stringency of environmental regulations is also increasing, prompting manufacturers to use more environmentally friendly coatings to meet compliance requirements.

From the perspective of industry development opportunities, the automotive underbody coatings market faces many opportunities. With the advancement of high-performance coating technology, more innovative products will enter the market in the future. In addition, the popularity of electric and hybrid vehicles has also provided new growth points for the underbody coatings market. Such models usually require more professional coatings to cope with different usage environments. At the same time, the government's support policy for environmentally friendly products will further promote the development of the industry, and manufacturers can meet market demand by developing low-VOC (volatile organic compound) coatings.

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Table of Content

1 Market Overview
1.1 Automotive Underbody Coatings Product Introduction
1.2 Global Automotive Underbody Coatings Market Size Forecast
1.2.1 Global Automotive Underbody Coatings Sales Value (2019-2030)
1.2.2 Global Automotive Underbody Coatings Sales Volume (2019-2030)
1.2.3 Global Automotive Underbody Coatings Sales Price (2019-2030)
1.3 Automotive Underbody Coatings Market Trends & Drivers
1.3.1 Automotive Underbody Coatings Industry Trends
1.3.2 Automotive Underbody Coatings Market Drivers & Opportunity
1.3.3 Automotive Underbody Coatings Market Challenges
1.3.4 Automotive Underbody Coatings Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered

2 Competitive Analysis by Company
2.1 Global Automotive Underbody Coatings Players Revenue Ranking (2023)
2.2 Global Automotive Underbody Coatings Revenue by Company (2019-2024)
2.3 Global Automotive Underbody Coatings Players Sales Volume Ranking (2023)
2.4 Global Automotive Underbody Coatings Sales Volume by Company Players (2019-2024)
2.5 Global Automotive Underbody Coatings Average Price by Company (2019-2024)
2.6 Key Manufacturers Automotive Underbody Coatings Manufacturing Base and Headquarters
2.7 Key Manufacturers Automotive Underbody Coatings Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Automotive Underbody Coatings
2.9 Automotive Underbody Coatings Market Competitive Analysis
2.9.1 Automotive Underbody Coatings Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Automotive Underbody Coatings Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Automotive Underbody Coatings as of 2023)
2.10 Mergers & Acquisitions, Expansion

3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Rubberized
3.1.2 Asphalt Based
3.1.3 Wax Based
3.1.4 Others
3.2 Global Automotive Underbody Coatings Sales Value by Type
3.2.1 Global Automotive Underbody Coatings Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Automotive Underbody Coatings Sales Value, by Type (2019-2030)
3.2.3 Global Automotive Underbody Coatings Sales Value, by Type (%) (2019-2030)
3.3 Global Automotive Underbody Coatings Sales Volume by Type
3.3.1 Global Automotive Underbody Coatings Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Automotive Underbody Coatings Sales Volume, by Type (2019-2030)
3.3.3 Global Automotive Underbody Coatings Sales Volume, by Type (%) (2019-2030)
3.4 Global Automotive Underbody Coatings Average Price by Type (2019-2030)

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Passenger Car
4.1.2 Commercial Vehicle
4.2 Global Automotive Underbody Coatings Sales Value by Application
4.2.1 Global Automotive Underbody Coatings Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Automotive Underbody Coatings Sales Value, by Application (2019-2030)
4.2.3 Global Automotive Underbody Coatings Sales Value, by Application (%) (2019-2030)
4.3 Global Automotive Underbody Coatings Sales Volume by Application
4.3.1 Global Automotive Underbody Coatings Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Automotive Underbody Coatings Sales Volume, by Application (2019-2030)
4.3.3 Global Automotive Underbody Coatings Sales Volume, by Application (%) (2019-2030)
4.4 Global Automotive Underbody Coatings Average Price by Application (2019-2030)

5 Segmentation by Region
5.1 Global Automotive Underbody Coatings Sales Value by Region
5.1.1 Global Automotive Underbody Coatings Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Automotive Underbody Coatings Sales Value by Region (2019-2024)
5.1.3 Global Automotive Underbody Coatings Sales Value by Region (2025-2030)
5.1.4 Global Automotive Underbody Coatings Sales Value by Region (%), (2019-2030)
5.2 Global Automotive Underbody Coatings Sales Volume by Region
5.2.1 Global Automotive Underbody Coatings Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Automotive Underbody Coatings Sales Volume by Region (2019-2024)
5.2.3 Global Automotive Underbody Coatings Sales Volume by Region (2025-2030)
5.2.4 Global Automotive Underbody Coatings Sales Volume by Region (%), (2019-2030)
5.3 Global Automotive Underbody Coatings Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Automotive Underbody Coatings Sales Value, 2019-2030
5.4.2 North America Automotive Underbody Coatings Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Automotive Underbody Coatings Sales Value, 2019-2030
5.5.2 Europe Automotive Underbody Coatings Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Automotive Underbody Coatings Sales Value, 2019-2030
5.6.2 Asia Pacific Automotive Underbody Coatings Sales Value by Region (%), 2023 VS 2030
5.7 South America
5.7.1 South America Automotive Underbody Coatings Sales Value, 2019-2030
5.7.2 South America Automotive Underbody Coatings Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Automotive Underbody Coatings Sales Value, 2019-2030
5.8.2 Middle East & Africa Automotive Underbody Coatings Sales Value by Country (%), 2023 VS 2030

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Automotive Underbody Coatings Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Automotive Underbody Coatings Sales Value
6.2.1 Key Countries/Regions Automotive Underbody Coatings Sales Value, 2019-2030
6.2.2 Key Countries/Regions Automotive Underbody Coatings Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Automotive Underbody Coatings Sales Value, 2019-2030
6.3.2 United States Automotive Underbody Coatings Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Automotive Underbody Coatings Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Automotive Underbody Coatings Sales Value, 2019-2030
6.4.2 Europe Automotive Underbody Coatings Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Automotive Underbody Coatings Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Automotive Underbody Coatings Sales Value, 2019-2030
6.5.2 China Automotive Underbody Coatings Sales Value by Type (%), 2023 VS 2030
6.5.3 China Automotive Underbody Coatings Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Automotive Underbody Coatings Sales Value, 2019-2030
6.6.2 Japan Automotive Underbody Coatings Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Automotive Underbody Coatings Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Automotive Underbody Coatings Sales Value, 2019-2030
6.7.2 South Korea Automotive Underbody Coatings Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Automotive Underbody Coatings Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Automotive Underbody Coatings Sales Value, 2019-2030
6.8.2 Southeast Asia Automotive Underbody Coatings Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Automotive Underbody Coatings Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Automotive Underbody Coatings Sales Value, 2019-2030
6.9.2 India Automotive Underbody Coatings Sales Value by Type (%), 2023 VS 2030
6.9.3 India Automotive Underbody Coatings Sales Value by Application, 2023 VS 2030

7 Company Profiles
7.1 PPG
7.1.1 PPG Company Information
7.1.2 PPG Introduction and Business Overview
7.1.3 PPG Automotive Underbody Coatings Sales, Revenue, Price and Gross Margin (2019-2024)
7.1.4 PPG Automotive Underbody Coatings Product Offerings
7.1.5 PPG Recent Development
7.2 Henkel
7.2.1 Henkel Company Information
7.2.2 Henkel Introduction and Business Overview
7.2.3 Henkel Automotive Underbody Coatings Sales, Revenue, Price and Gross Margin (2019-2024)
7.2.4 Henkel Automotive Underbody Coatings Product Offerings
7.2.5 Henkel Recent Development
7.3 Sherwin-Williams
7.3.1 Sherwin-Williams Company Information
7.3.2 Sherwin-Williams Introduction and Business Overview
7.3.3 Sherwin-Williams Automotive Underbody Coatings Sales, Revenue, Price and Gross Margin (2019-2024)
7.3.4 Sherwin-Williams Automotive Underbody Coatings Product Offerings
7.3.5 Sherwin-Williams Recent Development
7.4 3M
7.4.1 3M Company Information
7.4.2 3M Introduction and Business Overview
7.4.3 3M Automotive Underbody Coatings Sales, Revenue, Price and Gross Margin (2019-2024)
7.4.4 3M Automotive Underbody Coatings Product Offerings
7.4.5 3M Recent Development
7.5 Sika
7.5.1 Sika Company Information
7.5.2 Sika Introduction and Business Overview
7.5.3 Sika Automotive Underbody Coatings Sales, Revenue, Price and Gross Margin (2019-2024)
7.5.4 Sika Automotive Underbody Coatings Product Offerings
7.5.5 Sika Recent Development
7.6 ThreeBond
7.6.1 ThreeBond Company Information
7.6.2 ThreeBond Introduction and Business Overview
7.6.3 ThreeBond Automotive Underbody Coatings Sales, Revenue, Price and Gross Margin (2019-2024)
7.6.4 ThreeBond Automotive Underbody Coatings Product Offerings
7.6.5 ThreeBond Recent Development
7.7 Lubrizol
7.7.1 Lubrizol Company Information
7.7.2 Lubrizol Introduction and Business Overview
7.7.3 Lubrizol Automotive Underbody Coatings Sales, Revenue, Price and Gross Margin (2019-2024)
7.7.4 Lubrizol Automotive Underbody Coatings Product Offerings
7.7.5 Lubrizol Recent Development
7.8 Jenolite
7.8.1 Jenolite Company Information
7.8.2 Jenolite Introduction and Business Overview
7.8.3 Jenolite Automotive Underbody Coatings Sales, Revenue, Price and Gross Margin (2019-2024)
7.8.4 Jenolite Automotive Underbody Coatings Product Offerings
7.8.5 Jenolite Recent Development

8 Industry Chain Analysis
8.1 Automotive Underbody Coatings Industrial Chain
8.2 Automotive Underbody Coatings Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Automotive Underbody Coatings Sales Model
8.5.2 Sales Channel
8.5.3 Automotive Underbody Coatings Distributors

9 Research Findings and Conclusion

10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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