Automotive Paints Market by Type (E-coat  Primer  Basecoat  Clearcoat)  Resin (PU  Epoxy  Acrylic)  Technology (Solvent  Water  Powder)  Paint Equipment (Airless  Electrostatic)  Texture  Content  ICE & EVs  Refinish  and Region - Global Forecast to 2025

Automotive Paints Market by Type (E-coat Primer Basecoat Clearcoat) Resin (PU Epoxy Acrylic) Technology (Solvent Water Powder) Paint Equipment (Airless Electrostatic) Texture Content ICE & EVs Refinish and Region - Global Forecast to 2025

MarketsandMarkets | ID: 1524220952618 | Published at: 2018-04-16 | Pages: 196

  • €4.785,63


“The increasing production of passenger cars, stringent VOC emission regulations, and changing customer preferences for paint textures will drive the global automotive paints market “
The automotive paints market is estimated to be USD 8.74 billion in 2018 and is projected to reach USD 10.65 billion by 2025, at a CAGR of 2.88% from 2018 to 2025. The demand for automotive paints is driven by the increasing demand for vehicles; whereas, technologies and R&D investments are influenced by government regulations. However, advancements in automotive safety technologies have resulted in the reduced number of accidents, which, in turn, is a restraint for the automotive refinish paints market.
“Waterborne technology is estimated to have the largest share in automotive paints market, by technology”
The major advantage of waterborne paint is its low toxicity and flammability due to lower VOC levels. Paints based on this technology have excellent adhesion and greater heat resistance compared to solvent-based paints. Owing to stringent emission regulations such as Regulation, Evaluation, Authorisation and Restriction of Chemical Substances (REACH), countries in Europe are reducing the use of solvent-borne paints and have shifted towards eco-friendly waterborne paints. North America and Europe are estimated to showcase the largest usage rate for waterborne paints and are projected to grow at a steady pace over the forecast period. Developing markets such as India and China are also switching to water-based paints, thus increasing the demand for waterborne paints over the forecast period.
“Asia Oceania to dominate the automotive paints market”
The automotive industry in the Asia Oceania region has been dynamic over the past few years and has seen an increase in the annual production of passenger and commercial vehicles. As a result, in the recent years, Asia Oceania has emerged as a hub for automobile production. As compared to the region’s substantial population, the vehicle ownership is low, making Asia Oceania an attractive market for global manufacturers. With the increasing vehicle production, the demand for paint will also increase, making increasing vehicle production the single biggest driver of the Asia Oceania automotive paints market. Currently, due to the lack of strict VOC regulations, the usage of waterborne paints is lower than that in the western countries. This situation, however, is expected to change in the future and the demand for waterborne coating is projected to increase. These factors combined, Asia Oceania is projected to be the largest automotive paint market over the forecast period.
The study contains insights provided by various industry experts. The break-up of the primaries is as follows:
 By Company Type: Tier-1 – 45%, Tier-2 – 30%, and OEMs – 25%
 By Designation: D level – 45%, C level – 34 % Other- 21%
 By Region: Asia Oceania – 30%, North America – 25%, Europe – 20%, and RoW – 25%

Note: Tier 1 companies are paint manufacturers, while Tier 2 are processed material suppliers and raw material suppliers
Note: Others includes managers and R&D engineers
Note: The company tiers are based on the value chain and not on company revenue.

Major manufacturers in the Automotive paints market include PPG (US), Axalta (US), AkzoNobel (Netherlands), BASF (Germany), Sherwin Williams (US), Valspar (US), Solvay (Belgium), DOW Chemical (US), 3M (US), and KCC (South Korea).
Research Coverage
The automotive paints market is segmented by Paint type (Electrocoat, Primer, Basecoat, Clearcoat), by Technology type (Solventborne, Waterborne, Powder coating), by Resin type (Polyurethane, Epoxy, Acrylic, Other Resins), by Texture type (Solid, Metallic, Pearlescent, Matte Finish, Solar Reflective Paints), by Content (Water, Petroleum-based solvents, Resins and Binders, Silicone Polymers, Pigments and Colorants, Other additives), by Painting equipment (Airless, Electrostatic),Refinish paints market by Resin type (Polyurethane, Epoxy, Acrylic, Other Resins), by Vehicle type (Passenger Car, LCV, HCV), by Electric & Hybrid vehicle type (BEV, HEV, PHEV), by Region (Asia Oceania (China, India, Japan, South Korea, Asia Oceania, Others); Europe (Germany, Spain, Italy, France, UK, Europe, Others); North America (Canada, Mexico, US); Row (Brazil, Russia, South Africa, RoW, Others)).
Reasons to Buy the Report:
This report provides insights with reference to the following points:
 Market Size, by paint type: The report offers in-depth market sizing and forecast up to 2025, by paint type such as electrocoating, primer, basecoat, clearcoat. The market sizing for paint type is covered for all key countries; whereas, technology type chapter is covered at regional level.
 Market Size, by Texture type: The report offers in-depth market sizing and forecast up to 2025, by texture type such as solid, metallic, matte, pearlescent, solar reflective paints for all key regions.
 The report covers the paint market for Electric and Hybrid Vehicles at regional level.
 The report also covers the Automotive Refinish Paints Market, by region and resin type.
 The report also covers the Automotive Painting Equipment market (By Volume)
 The report provides Market share information of the leading players in automotive paints market at OEM as well as Refinish level.
 Market Development: The report provides comprehensive information about lucrative emerging markets for automotive paints across regions.
 Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the Automotive paints market.
 Market Diversification: The report offers detailed information about untapped markets, investments, new products, and recent developments in the automotive paints market.

TABLE OF CONTENTS

1 INTRODUCTION 18

  • 1.1 OBJECTIVES OF THE STUDY 18
  • 1.2 MARKET DEFINITION 18
  • 1.3 MARKET SCOPE 19
    • 1.3.1 MARKETS COVERED 19
    • 1.3.2 YEARS CONSIDERED FOR THE STUDY 20
  • 1.4 CURRENCY 20
  • 1.5 PACKAGE SIZE 21
  • 1.6 LIMITATIONS 21
  • 1.7 STAKEHOLDERS 21
    2 RESEARCH METHODOLOGY 22
  • 2.1 RESEARCH DATA 22
  • 2.2 SECONDARY DATA 23
    • 2.2.1 KEY SECONDARY SOURCES 23
  • 2.3 PRIMARY DATA 24
  • 2.4 FACTOR ANALYSIS 25
    • 2.4.1 INTRODUCTION 25
    • 2.4.2 DEMAND-SIDE ANALYSIS 25
      • 2.4.2.1 Increasing vehicle production 25
      • 2.4.2.2 Changing consumer preferences shaping the refinish market 26
    • 2.4.3 SUPPLY-SIDE ANALYSIS 27
      • 2.4.3.1 Advancements in paint technologies 27
  • 2.5 MARKET SIZE ESTIMATION 28
    • 2.5.1 BOTTOM-UP APPROACH 28
    • 2.5.2 TOP-DOWN APPROACH 29
  • 2.6 MARKET BREAKDOWN & DATA TRIANGULATION 30
  • 2.7 ASSUMPTIONS 31
    3 EXECUTIVE SUMMARY 32
    4 PREMIUM INSIGHTS 43
  • 4.1 ATTRACTIVE OPPORTUNITIES IN THE AUTOMOTIVE PAINTS MARKET (2016–2025) 43
  • 4.2 AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE 44
  • 4.3 AUTOMOTIVE PAINTS MARKET, BY TECHNOLOGY 44
  • 4.4 AUTOMOTIVE PAINTS MARKET, BY RESIN TYPE 45
  • 4.5 AUTOMOTIVE PAINTS MARKET, BY TEXTURE 45
  • 4.6 AUTOMOTIVE PAINTS MARKET, BY VEHICLE TYPE 46
  • 4.7 AUTOMOTIVE PAINTS MARKET, BY CONTENT 46
  • 4.8 AUTOMOTIVE PAINTS MARKET, BY ELECTRIC & HYBRID VEHICLE TYPE 47
  • 4.9 AUTOMOTIVE PAINTS MARKET, BY REGION 48
  • 4.10 AUTOMOTIVE REFINISH PAINTS MARKET, BY RESIN TYPE 49
  • 4.11 AUTOMOTIVE PAINTS MARKET, BY PAINTING EQUIPMENT TYPE 49
  • 4.12 AUTOMOTIVE PAINTS MARKET, BY CHANNEL 50
    5 MARKET OVERVIEW 51
  • 5.1 INTRODUCTION 51
  • 5.2 MARKET DYNAMICS 52
    • 5.2.1 DRIVERS 52
      • 5.2.1.1 Stringent emission regulations and environmental concerns for paint manufacturing process to enhance the market for eco-friendly paints 52
      • 5.2.1.2 Increasing reach of organized players in the refinish market to drive the automotive refinish market 54
    • 5.2.2 RESTRAINTS 54
      • 5.2.2.1 Advancements in automotive safety technologies reduce accidents, thus restricting the refinish market 54
    • 5.2.3 OPPORTUNITY 55
      • 5.2.3.1 Innovative paint technologies to create opportunities for paint manufacturers 55
      • 5.2.3.2 Powder coating to create new opportunities owing to growth in demand for premium and ultra-premium cars 56
    • 5.2.4 CHALLENGES 58
      • 5.2.4.1 Reducing paint wastage during the paint production 58
      • 5.2.4.2 Rapid change in consumer preferences is a big challenge for automotive paint manufacturers 59
    • 5.2.5 MACRO INDICATORS 59
      • 5.2.5.1 Introduction 59
      • 5.2.5.2 Premium vehicle sales as a percentage of total sales 59
      • 5.2.5.3 GDP (USD Billion) 59
      • 5.2.5.4 GNI per capita, atlas method (USD) 60
      • 5.2.5.5 GDP per capita PPP (USD) 60
    • 5.2.6 US 60
    • 5.2.7 CHINA 61
    • 5.2.8 JAPAN 61

6 AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE 62
Note – The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

  • 6.1 INTRODUCTION 63
  • 6.2 ELECTROCOAT 65
  • 6.3 PRIMER 66
  • 6.4 BASECOAT 67
  • 6.5 CLEARCOAT 68
    7 AUTOMOTIVE PAINTS MARKET, BY TECHNOLOGY 69
    Note – The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)
  • 7.1 INTRODUCTION 70
  • 7.2 SOLVENT-BORNE 71
  • 7.3 WATERBORNE 73
  • 7.4 POWDER COATING 74
    8 AUTOMOTIVE PAINTS MARKET, BY RESIN TYPE 76
    Note – The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)
  • 8.1 INTRODUCTION 77
  • 8.2 POLYURETHANE 78
  • 8.3 EPOXY 79
  • 8.4 ACRYLIC 80
  • 8.5 OTHER RESINS 81
    9 AUTOMOTIVE PAINTS MARKET, BY TEXTURE 83
    Note – The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)
  • 9.1 INTRODUCTION 84
  • 9.2 SOLID TEXTURE 85
  • 9.3 METALLIC TEXTURE 85
  • 9.4 MATTE FINISH PAINTS 86
  • 9.5 PEARLESCENT PAINTS 87
  • 9.6 SOLAR REFLECTIVE PAINTS 88

10 AUTOMOTIVE PAINTS MARKET, BY CONTENT 89
Note: The chapter is segmented by Electrocoat (Water, Resin, Pigments & Addtives), Basecoat (Solventbourne- Petroleum based solvent, Resin & Binder, Pigment & Colorant, Silicone polymenrs & Additives, Waterbourne – Silicone polymenrs & Additives, Water, Resin & Binder, Petroleum based solvent, Pigment & Colorant) and Clearcoat (Solventbourne – Petroleum based solvent, Resin & Binder, Pigment & Colorant, Silicone polymenrs & Additives , Waterbourne – Silicone polymenrs & Additives, Water, Resin & Binder, Petroleum based solvent, Pigment & Colorant)

  • 10.1 INTRODUCTION 90
  • 10.2 ELECTROCOAT, BY CONTENT 90
  • 10.3 SOLVENT-BORNE PAINTS, BY CONTENT 92
  • 10.4 WATERBORNE PAINTS, BY CONTENT 94
    11 AUTOMOTIVE PAINTS MARKET, BY PAINTING EQUIPMENT TYPE 96
    Note: The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)
  • 11.1 INTRODUCTION 97
  • 11.2 AIRLESS SPRAY GUN 98
  • 11.3 ELECTROSTATIC SPRAY GUN 98
    12 AUTOMOTIVE PAINTS MARKET, BY VEHICLE TYPE 99
    Note – The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)
  • 12.1 INTRODUCTION 100
  • 12.2 PASSENGER CAR 101
  • 12.3 LIGHT COMMERCIAL VEHICLE 103
  • 12.4 TRUCKS 104
  • 12.5 BUSES 105
    13 ELECTRIC & HYBRID VEHICLE PAINTS MARKET, BY REGION 107
    Note – The Chapter is Further Segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)
  • 13.1 INTRODUCTION 108
  • 13.2 BATTERY ELECTRIC VEHICLE (BEV) 110
  • 13.3 HYBRID ELECTRIC VEHICLE (HEV) 111
  • 13.4 PLUG-IN HYBRID VEHICLE (PHEV) 112

14 AUTOMOTIVE REFINISH PAINTS MARKET, BY RESIN TYPE 114
Note: The Chapter is Further Segmented by Resin type and further it is segmented at Regional Level (Asia Oceania, Europe, North America, and RoW)

  • 14.1 INTRODUCTION 115
  • 14.2 POLYURETHANE 116
  • 14.3 EPOXY 117
  • 14.4 ACRYLIC 118
  • 14.5 OTHER RESINS 119
    15 AUTOMOTIVE PAINTS MARKET, BY REGION 121
    Note: The Chapter is Further Segmented at country Level and by paint type (Electrocoat, Primer, Basecoat and Clearcoat)
  • 15.1 INTRODUCTION 122
  • 15.2 NORTH AMERICA 124
    • 15.2.1 US 126
    • 15.2.2 MEXICO 127
    • 15.2.3 CANADA 128
  • 15.3 ASIA OCEANIA 129
    • 15.3.1 CHINA 132
    • 15.3.2 JAPAN 133
    • 15.3.3 SOUTH KOREA 134
    • 15.3.4 INDIA 135
    • 15.3.5 ASIA OCEANIA OTHERS 136
  • 15.4 EUROPE 137
    • 15.4.1 GERMANY 138
    • 15.4.2 FRANCE 139
    • 15.4.3 UK 140
    • 15.4.4 ITALY 141
    • 15.4.5 SPAIN 142
    • 15.4.6 EUROPE OTHERS 143
  • 15.5 REST OF THE WORLD (ROW) 144
    • 15.5.1 BRAZIL 145
    • 15.5.2 RUSSIA 146
    • 15.5.3 SOUTH AFRICA 147
    • 15.5.4 ROW OTHERS 148

16 COMPETITIVE LANDSCAPE 149

  • 16.1 OVERVIEW 149
  • 16.2 AUTOMOTIVE PAINTS: MARKET SHARE ANALYSIS 150
    • 16.2.1 OEM PAINT MARKET 150
    • 16.2.2 REFINISH PAINT MARKET 151
  • 16.3 COMPETITIVE SCENARIO 151
    • 16.3.1 EXPANSIONS 152
    • 16.3.2 SUPPLY CONTRACTS 152
    • 16.3.3 NEW PRODUCT LAUNCHES/DEVELOPMENTS 153
    • 16.3.4 PARTNERSHIPS/JOINT VENTURES 153
    • 16.3.5 MERGERS/ACQUISITIONS 154
      17 COMPANY PROFILES 155
      (Overview, Product offerings, Recent developments, SWOT analysis & MnM View)*
  • 17.1 PPG 155
  • 17.2 BASF 159
  • 17.3 AXALTA 162
  • 17.4 AKZONOBEL 166
  • 17.5 SHERWIN WILLIAMS 169
  • 17.6 KANSAI 171
  • 17.7 SOLVAY 173
  • 17.8 VALSPAR 175
  • 17.9 COVESTRO 177
  • 17.10 3M 179
  • 17.11 DOW CHEMICAL 181
  • 17.12 KCC 182
  • 17.13 NIPPON PAINT 183
*Details on Overview, Product offerings, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.

18 APPENDIX 185

  • 18.1 INSIGHTS OF INDUSTRY EXPERTS 185
  • 18.2 DISCUSSION GUIDE 186
  • 18.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 189
  • 18.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 191
  • 18.5 AVAILABLE CUSTOMIZATIONS 192
    Note: This market will be covered at country level and countries are as follows.
    (US, Canada, Mexico, Germany, France, Italy, Spain, Europe Others, China, India, Japan, South Korea and Asia Oceania Others, Brazil, Russia, South Africa and RoW Others)
    • 18.5.1 AUTOMOTIVE PAINT OE MARKET BY VEHICLE TYPE & COUNTRY. 192
      • 18.5.1.1 Passenger car 192
      • 18.5.1.2 LCV 192
      • 18.5.1.3 HCV 192
    • 18.5.2 AUTOMOTIVE ELECTRIC & HYBRID PAINT MARKET BY COUNTRY &
      VEHICLE TYPE 192
      • 18.5.2.1 Battery electric vehicle 192
      • 18.5.2.2 HEV 192
      • 18.5.2.3 PHEV 192
    • 18.5.3 AUTOMOTIVE REFINISH PAINTS MARKET, BY PAINT TYPE 192
      • 18.5.3.1 Primer 192
      • 18.5.3.2 Basecoat 192
      • 18.5.3.3 Clearcoat 192
    • 18.5.4 AUTOMOTIVE PAINTS MARKET, BY TECHNOLOGY 192
      • 18.5.4.1 Primer 192
      • 18.5.4.2 Clearcoat 192
  • 18.6 RELATED REPORT 193
  • 18.7 AUTHOR DETAILS 194

LIST OF TABLES

TABLE 1 CURRENCY EXCHANGE RATES (PER USD) 20
TABLE 2 AUTOMOTIVE PAINTS MARKET: RESEARCH ASSUMPTIONS 31
TABLE 3 AUTOMOTIVE COATINGS VOC CONTENT LIMITS 53
TABLE 4 AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE, 2016–2025 (MILLION GALLONS) 64
TABLE 5 AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE, 2016–2025 (USD MILLION) 64
TABLE 6 ELECTROCOAT: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 65
TABLE 7 ELECTROCOAT: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (USD MILLION) 65
TABLE 8 PRIMER: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 66
TABLE 9 PRIMER: AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (USD MILLION) 66
TABLE 10 BASECOAT: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 67
TABLE 11 BASECOAT: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (USD MILLION) 67
TABLE 12 CLEARCOAT: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 68
TABLE 13 CLEARCOAT: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (USD MILLION) 68
TABLE 14 AUTOMOTIVE PAINTS MARKET, BY TECHNOLOGY, 2016–2025 (MILLION GALLONS) 70
TABLE 15 AUTOMOTIVE PAINTS MARKET, BY TECHNOLOGY, 2016–2025 (USD MILLION) 71
TABLE 16 SOLVENT-BORNE: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 72
TABLE 17 SOLVENT-BORNE: AUTOMOTIVE SOLVENT-BORNE PAINTS MARKET, BY REGION, 2016–2025 (USD MILLION) 72
TABLE 18 WATERBORNE: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 73
TABLE 19 WATERBORNE: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (USD MILLION) 74
TABLE 20 POWDER COATING: AUTOMOTIVE PAINT MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 75
TABLE 21 POWDER COATING: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (USD MILLION) 75
TABLE 22 AUTOMOTIVE PAINTS MARKET, BY RESIN TYPE, 2016–2025 (MILLION GALLONS) 77
TABLE 23 AUTOMOTIVE PAINTS MARKET, BY RESIN TYPE, 2016–2025 (USD MILLION) 78
TABLE 24 POLYURETHANE: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 78
TABLE 25 POLYURETHANE: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (USD MILLION) 79
TABLE 26 EPOXY: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 79
TABLE 27 EPOXY: AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (USD MILLION) 80
TABLE 28 ACRYLIC: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 80  
TABLE 29 ACRYLIC: AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (USD MILLION) 81
TABLE 30 OTHER RESINS: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 81
TABLE 31 OTHER RESINS: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (USD MILLION) 82
TABLE 32 AUTOMOTIVE PAINTS MARKET, BY TEXTURE TYPE, 2016–2025 (MILLION UNITS) 84
TABLE 33 SOLID TEXTURE: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION UNITS) 85
TABLE 34 METALLIC TEXTURE: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION UNITS) 86
TABLE 35 MATTE FINISH: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION UNITS) 86
TABLE 36 PEARLESCENT TEXTURE: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION UNITS) 87
TABLE 37 SOLAR REFLECTIVE PAINTS: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (MILLION UNITS) 88
TABLE 38 AUTOMOTIVE ELECTROCOAT MARKET, BY CONTENT TYPE,
2016–2025 (‘000 GALLONS) 91
TABLE 39 AUTOMOTIVE SOLVENT-BORNE BASECOAT MARKET SIZE, BY CONTENT TYPE, 2016–2025 (‘000 GALLONS) 92
TABLE 40 AUTOMOTIVE SOLVENT-BORNE CLEARCOAT MARKET SIZE, BY CONTENT TYPE, 2016–2025 (‘000 GALLONS) 93
TABLE 41 AUTOMOTIVE WATERBORNE BASECOAT MARKET SIZE, BY CONTENT TYPE,
2016–2025 (‘000 GALLONS) 94
TABLE 42 AUTOMOTIVE WATERBORNE CLEARCOAT MARKET SIZE, BY CONTENT TYPE,
2016–2025 (MILLION GALLONS) 95
TABLE 43 AUTOMOTIVE PAINTS EQUIPMENT MARKET, BY REGION, 2016–2025 (UNITS) 97
TABLE 44 AIRLESS SPRAY GUN MARKET, BY REGION, 2016–2025 (UNITS) 98
TABLE 45 ELECTROSTATIC SPRAY GUN MARKET, BY REGION, 2016–2025 (UNITS) 98
TABLE 46 AUTOMOTIVE PAINTS MARKET, BY VEHICLE TYPE, 2016–2025 (‘000 GALLONS) 101
TABLE 47 AUTOMOTIVE PAINTS MARKET, BY VEHICLE TYPE, 2016–2025 (USD MILLION) 101
TABLE 48 PASSENGER CAR: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (‘000 GALLONS) 102
TABLE 49 PASSENGER CAR: AUTOMOTIVE PAINTS MARKET, BY REGION,
2016–2025 (USD MILLION) 102
TABLE 50 LCV: AUTOMOTIVE PAINTS MARKET , BY REGION, 2016–2025 (‘000 GALLONS) 103
TABLE 51 LCV: AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (USD MILLION) 103
TABLE 52 TRUCKS: AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (‘000 GALLONS) 104
TABLE 53 TRUCKS: AUTOMOTIVE PAINTS MARKET , BY REGION, 2016–2025 (USD MILLION) 104
TABLE 54 BUSES: AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (‘000 GALLONS) 105
TABLE 55 BUS: AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (USD MILLION) 106
TABLE 56 ELECTRIC & HYBRID VEHICLE PAINTS MARKET, BY VEHICLE TYPE,
2016–2025 (‘000 GALLONS) 109
TABLE 57 ELECTRIC & HYBRID VEHICLE PAINTS MARKET, BY VEHICLE TYPE,
2016–2025 (USD MILLION) 109
TABLE 58 BEV: AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (‘000 GALLONS) 110
TABLE 59 BEV: AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (USD MILLION) 110  
TABLE 60 HEV: AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (‘000 GALLONS) 111
TABLE 61 HEV: AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (USD MILLION) 111
TABLE 62 PHEV: AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (‘000 GALLONS) 112
TABLE 63 PHEV: AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (USD MILLION) 113
TABLE 64 AUTOMOTIVE REFINISH PAINTS MARKET, BY RESIN TYPE,
2016–2025 (MILLION GALLONS) 115
TABLE 65 AUTOMOTIVE REFINISH PAINTS MARKET, BY RESIN TYPE,
2016–2025 (USD MILLION) 116
TABLE 66 POLYURETHANE: AUTOMOTIVE REFINISH PAINTS MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 116
TABLE 67 POLYURETHANE: AUTOMOTIVE REFINISH PAINTS MARKET, BY REGION,
2016–2025 (USD MILLION) 117
TABLE 68 EPOXY: AUTOMOTIVE REFINISH PAINTS MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 117
TABLE 69 EPOXY: AUTOMOTIVE REFINISH PAINTS MARKET, BY REGION,
2016–2025 (USD MILLION) 118
TABLE 70 ACRYLIC: AUTOMOTIVE REFINISH PAINTS MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 118
TABLE 71 ACRYLIC: AUTOMOTIVE REFINISH PAINTS MARKET, BY REGION,
2016–2025 (USD MILLION) 119
TABLE 72 OTHER RESINS: AUTOMOTIVE REFINISH PAINTS MARKET, BY REGION,
2016–2025 (MILLION GALLONS) 119
TABLE 73 OTHER RESINS: AUTOMOTIVE REFINISH PAINTS MARKET, BY REGION,
2016–2025 (USD MILLION) 120
TABLE 74 AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (MILLION GALLONS) 123
TABLE 75 AUTOMOTIVE PAINTS MARKET, BY REGION, 2016–2025 (USD MILLION) 123
TABLE 76 NORTH AMERICA: AUTOMOTIVE PAINTS MARKET, BY COUNTRY,
2016–2025 (MILLION GALLONS) 126
TABLE 77 NORTH AMERICA: AUTOMOTIVE PAINTS MARKET, BY COUNTRY,
2016–2025 (USD MILLION) 126
TABLE 78 US: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 126
TABLE 79 US: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE, 2016–2025 (USD MILLION) 127
TABLE 80 MEXICO: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 127
TABLE 81 MEXICO: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (USD MILLION) 127
TABLE 82 CANADA: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 128
TABLE 83 CANADA: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (USD MILLION) 128
TABLE 84 ASIA OCEANIA: AUTOMOTIVE PAINTS MARKET, BY COUNTRY,
2016–2025 (MILLION GALLONS) 131
TABLE 85 ASIA OCEANIA: AUTOMOTIVE PAINTS MARKET, BY COUNTRY,
2016–2025 (USD MILLION) 131
TABLE 86 CHINA: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 132  
TABLE 87 CHINA: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE, 2016–2025 (USD MILLION) 132
TABLE 88 JAPAN: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 133
TABLE 89 JAPAN: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE, 2016–2025 (USD MILLION) 133
TABLE 90 SOUTH KOREA: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 134
TABLE 91 SOUTH KOREA: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (USD MILLION) 134
TABLE 92 INDIA: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 135
TABLE 93 INDIA: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE, 2016–2025 (USD MILLION) 135
TABLE 94 ASIA OCEANIA OTHERS: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 136
TABLE 95 ASIA OCEANIA OTHERS: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (USD MILLION) 136
TABLE 96 EUROPE: AUTOMOTIVE PAINTS MARKET, BY COUNTRY,
2016–2025 (MILLION GALLONS) 137
TABLE 97 EUROPE: AUTOMOTIVE PAINTS MARKET, BY COUNTRY, 2016–2025 (USD MILLION) 138
TABLE 98 GERMANY: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 138
TABLE 99 GERMANY: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (USD MILLION) 139
TABLE 100 FRANCE: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 139
TABLE 101 FRANCE: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (USD MILLION) 139
TABLE 102 UK: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 140
TABLE 103 UK: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE, 2016–2025 (USD MILLION) 140
TABLE 104 ITALY: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 141
TABLE 105 ITALY: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE, 2016–2025 (USD MILLION) 141
TABLE 106 SPAIN: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 142
TABLE 107 SPAIN: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE, 2016–2025 (USD MILLION) 142
TABLE 108 EUROPE OTHERS: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 143
TABLE 109 EUROPE OTHERS: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (USD MILLION) 143
TABLE 110 ROW: AUTOMOTIVE PAINTS MARKET, BY COUNTRY,
2016–2025 (MILLION GALLONS) 144
TABLE 111 ROW: AUTOMOTIVE PAINTS MARKET, BY COUNTRY, 2016–2025 (USD MILLION) 144
TABLE 112 BRAZIL: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 145
TABLE 113 BRAZIL: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (USD MILLION) 145
TABLE 114 RUSSIA: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 146  
TABLE 115 RUSSIA: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (USD MILLION) 146
TABLE 116 SOUTH AFRICA: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 147
TABLE 117 SOUTH AFRICA: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (USD MILLION) 147
TABLE 118 ROW OTHERS: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (MILLION GALLONS) 148
TABLE 119 ROW OTHERS: AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE,
2016–2025 (USD MILLION) 148
TABLE 120 EXPANSIONS, 2017–2018 152
TABLE 121 SUPPLY CONTRACTS, 2014–2017 152
TABLE 122 NEW PRODUCT LAUNCHES/DEVELOPMENTS, 2016–2017 153
TABLE 123 PARTNERSHIPS/JOINT VENTURES, 2014–2018 153
TABLE 124 MERGERS/ACQUISITIONS, 2015–2017 154


LIST OF FIGURES

FIGURE 1 MARKET SEGMENTATION: AUTOMOTIVE PAINTS MARKET 19
FIGURE 2 AUTOMOTIVE PAINTS MARKET: RESEARCH DESIGN 22
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION,
& REGION 24
FIGURE 4 GLOBAL VEHICLE PRODUCTION, 2012–2016 (MILLION UNITS) 26
FIGURE 5 GLOBAL VEHICLE PARC, 2013–2016 (MILLION UNITS) 26
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR THE AUTOMOTIVE PAINTS MARKET: BOTTOM-UP APPROACH 28
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR THE AUTOMOTIVE
REFINISH MARKET: TOP-DOWN APPROACH 29
FIGURE 8 DATA TRIANGULATION 30
FIGURE 9 AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE, 2018 VS 2025 (USD MILLION) 33
FIGURE 10 AUTOMOTIVE PAINTS MARKET, BY TECHNOLOGY, 2018 VS 2025 (USD MILLION) 34
FIGURE 11 AUTOMOTIVE PAINTS MARKET, BY RESIN TYPE, 2018 VS 2025 (USD MILLION) 35
FIGURE 12 AUTOMOTIVE PAINTS MARKET, BY TEXTURE TYPE, 2018 VS 2025 (MILLION UNITS) 36
FIGURE 13 AUTOMOTIVE PAINTS MARKET, BY VEHICLE TYPE, 2018 VS 2025 (USD MILLION) 37
FIGURE 14 ELECTRIC & HYBRID VEHICLE PAINTS MARKET, BY VEHICLE TYPE,
2018 VS 2025 (USD MILLION) 38
FIGURE 15 AUTOMOTIVE REFINISH PAINTS MARKET, BY RESIN TYPE,
2018 VS 2025 (USD MILLION) 39
FIGURE 16 AUTOMOTIVE PAINTS MARKET, BY PAINTING EQUIPMENT, 2018 VS 2025 (UNITS) 40
FIGURE 17 AUTOMOTIVE PAINTS MARKET, BY REGION, 2018 VS 2025 (USD MILLION) 41
FIGURE 18 INCREASING VEHICLE PRODUCTION WILL BOOST THE DEMAND FOR AUTOMOTIVE PAINT, DURING THE FORECAST PERIOD 43
FIGURE 19 WITH THE ADVANCEMENT IN PAINT TECHNOLOGY PRIMER USAGE IS EXPECTED TO DECLINE OVER THE FORECAST PERIOD 44
FIGURE 20 WATERBORNE TECHNOLOGY IS EXPECTED TO BE THE LARGEST MARKET DURING FORECAST PERIOD, BY VALUE 44
FIGURE 21 POLYURETHANE IS EXPECTED TO HOLD THE LARGEST MARKET SHARE DURING THE FORECAST PERIOD, BY VALUE 45
FIGURE 22 METALLIC PAINT IS EXPECTED TO BE THE LARGEST SEGMENT OF THE AUTOMOTIVE PAINTS MARKET DURING FORECAST PERIOD, BY VOLUME 45
FIGURE 23 PASSENGER CAR IS EXPECTED TO HOLD THE LARGEST MARKET SHARE FOR AUTOMOTIVE PAINTS DURING THE FORECAST PERIOD, BY VALUE 46
FIGURE 24 SOLVENT-BASED CONTENTS ARE EXPECTED TO DECLINE DURING THE FORECAST PERIOD, BY VOLUME 46
FIGURE 25 HYBRID VEHICLE SEGMENT IS EXPECTED TO BE THE LARGEST MARKET FOR AUTOMOTIVE PAINTS DURING THE FORECAST PERIOD 47
FIGURE 26 ASIA OCEANIA IS EXPECTED TO BE THE LARGEST MARKET DURING
THE FORECAST PERIOD 48
FIGURE 27 POLYURETHANE IS EXPECTED TO BE THE LARGEST SEGMENT OF THE AUTOMOTIVE REFINISH PAINTS MARKET, BY RESIN TYPE, DURING FORECAST PERIOD 49
FIGURE 28 ELECTROSTATIC SPRAY IS EXPECTED TO GAIN MARKET SHARE DURING THE FORECAST PERIOD, BY VOLUME 49  
FIGURE 29 ASIA OCEANIA TO BE THE LARGEST PAINT MARKET, BOTH BY OEM & REFINISH,
BY VALUE 50
FIGURE 30 MARKET DYNAMICS: AUTOMOTIVE PAINTS MARKET 52
FIGURE 31 AUTOMOTIVE COAT PROCESS: CONVENTIONAL VS ADVANCED 56
FIGURE 32 E & F SEGMENT VEHICLE PRODUCTION, 2011–2016 (‘000 UNITS) 57
FIGURE 33 US: MACRO INDICATORS AFFECTING THE AUTOMOTIVE PAINTS MARKET 60
FIGURE 34 CHINA: MACRO INDICATORS AFFECTING THE AUTOMOTIVE PAINTS MARKET 61
FIGURE 35 JAPAN: MACRO INDICATORS AFFECTING THE AUTOMOTIVE PAINTS MARKET 61
FIGURE 36 AUTOMOTIVE PAINT AVERAGE THICKNESS, BY LAYERS (µM) 63
FIGURE 37 AUTOMOTIVE PAINTS MARKET, BY PAINT TYPE, 2018 VS. 2025 (USD MILLION) 64
FIGURE 38 AUTOMOTIVE PAINTS MARKET, BY TECHNOLOGY, 2018 VS 2025 (USD MILLION) 70
FIGURE 39 AUTOMOTIVE PAINTS MARKET, BY RESIN TYPE, 2018 VS. 2025 (USD MILLION) 77
FIGURE 40 AUTOMOTIVE PAINTS MARKET, BY TEXTURE TYPE, 2018–2025 (MILLION UNITS) 84
FIGURE 41 AUTOMOTIVE ELECTROCOAT MARKET SIZE, BY CONTENT TYPE,
2018 VS. 2025 (MILLION GALLONS) 91
FIGURE 42 AUTOMOTIVE SOLVENT-BORNE BASECOAT MARKET, BY CONTENT TYPE,
2018 VS. 2025 (MILLION GALLONS) 92
FIGURE 43 AUTOMOTIVE SOLVENT-BORNE CLEARCOAT MARKET SIZE, BY CONTENT TYPE, 2018 VS. 2025 (MILLION GALLONS) 93
FIGURE 44 AUTOMOTIVE WATERBORNE BASECOAT MARKET SIZE, BY CONTENT TYPE,
2018 VS. 2025 (MILLION GALLONS) 94
FIGURE 45 AUTOMOTIVE WATERBORNE CLEARCOAT MARKET SIZE, BY CONTENT TYPE,
2018 VS. 2025 (MILLION GALLONS) 95
FIGURE 46 AUTOMOTIVE PAINTS EQUIPMENT MARKET, BY REGION, 2018 VS 2025 (UNITS) 97
FIGURE 47 AUTOMOTIVE PAINTS MARKET, BY VEHICLE TYPE, 2018 VS. 2025 (USD MILLION) 100
FIGURE 48 ELECTRIC & HYBRID VEHICLE MARKET, BY VEHICLE TYPE,
2018 VS. 2025 (USD MILLION) 108
FIGURE 49 AUTOMOTIVE REFINISH PAINTS MARKET, BY RESIN TYPE, BY REGION,
2018 VS. 2025 (USD MILLION) 115
FIGURE 50 REGION WISE SNAPSHOT OF AUTOMOTIVE PAINTS MARKET SIZE, BY VALUE, (2015)- RAPID GROWTH MARKETS ARE EMERGING AS NEW HOTSPOTS 122
FIGURE 51 NORTH AMERICA: AUTOMOTIVE PAINTS MARKET SNAPSHOT 125
FIGURE 52 ASIA OCEANIA: AUTOMOTIVE PAINTS MARKET SNAPSHOT 130
FIGURE 53 COMPANIES ADOPTED EXPANSIONS AS THE KEY GROWTH STRATEGY, 2016–2017 149
FIGURE 54 AUTOMOTIVE PAINTS OE MARKET: MARKET SHARE ANALYSIS, 2017 150
FIGURE 55 AUTOMOTIVE PAINTS REFINISH MARKET: MARKET SHARE ANALYSIS, 2017 151
FIGURE 56 PPG: COMPANY SNAPSHOT 155
FIGURE 57 PPG: SWOT ANALYSIS 158
FIGURE 58 BASF: COMPANY SNAPSHOT 159
FIGURE 59 BASF: SWOT ANALYSIS 161
FIGURE 60 AXALTA: COMPANY SNAPSHOT 162
FIGURE 61 AXALTA: SWOT ANALYSIS 165
FIGURE 62 AKZONOBEL: COMPANY SNAPSHOT 166
FIGURE 63 AKZONOBEL: SWOT ANALYSIS 168  
FIGURE 64 SHERWIN WILLIAMS: COMPANY SNAPSHOT 169
FIGURE 65 SHERWIN WILLIAMS: SWOT ANALYSIS 170
FIGURE 66 KANSAI: COMPANY SNAPSHOT 171
FIGURE 67 SOLVAY: COMPANY SNAPSHOT 173
FIGURE 68 VALSPAR: COMPANY SNAPSHOT 175
FIGURE 69 COVESTRO: COMPANY SNAPSHOT 177
FIGURE 70 3M: COMPANY SNAPSHOT 179
FIGURE 71 DOW CHEMICAL: COMPANY SNAPSHOT 181
FIGURE 72 KCC: COMPANY SNAPSHOT 182
FIGURE 73 NIPPON PAINT: COMPANY SNAPSHOT 183

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