Automotive Exterior Coating Trends and Forecast
The future of the global automotive exterior coating market looks promising with opportunities in the passenger car and commercial vehicle markets. The global automotive exterior coating market is expected to grow with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are increasing demand for durable and weather-resistant coatings and growing automotive production and sales globally.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Exterior Coating by Segment
The study includes a forecast for the global automotive exterior coating by type, application, and region.
Automotive Exterior Coating Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Water-Based Paint
• Oil Paint
Automotive Exterior Coating Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Car
• Commercial Vehicle
Automotive Exterior Coating Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Exterior Coating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive exterior coating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive exterior coating companies profiled in this report include-
• Akzonobel
• BASF
• PPG Industries
• Axalta Coating Systems
• Nippon Paint
• Kansai Paint
• Worwag
• Xiangjiang Kansai Paint
• KCC
• Donglai Coating Technology
Automotive Exterior Coating Market Insights
Lucintel forecasts that water-based paint is expected to witness the highest growth over the forecast period.
Within this market, passenger car is expected to witness the higher growth.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Automotive Exterior Coating Market
Market Size Estimates: Automotive exterior coating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive exterior coating market size by type, application, and region in terms of value ($B).
Regional Analysis: Automotive exterior coating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the automotive exterior coating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive exterior coating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for automotive exterior coating market?
Answer: The global automotive exterior coating market is expected to grow with a CAGR of 3.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the automotive exterior coating market?
Answer: The major drivers for this market are increasing demand for durable and weather-resistant coatings and growing automotive production and sales globally.
Q3. What are the major segments for automotive exterior coating market?
Answer: The future of the automotive exterior coating market looks promising with opportunities in the passenger car and commercial vehicle markets.
Q4. Who are the key automotive exterior coating market companies?
Answer: Some of the key automotive exterior coating companies are as follows:
• Akzonobel
• BASF
• PPG Industries
• Axalta Coating Systems
• Nippon Paint
• Kansai Paint
• Worwag
• Xiangjiang Kansai Paint
• KCC
• Donglai Coating Technology
Q5. Which automotive exterior coating market segment will be the largest in future?
Answer: Lucintel forecasts that water-based paint is expected to witness the highest growth over the forecast period.
Q6. In automotive exterior coating market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive exterior coating market by type (water-based paint and oil paint), application (passenger car and commercial vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Exterior Coating Market, Automotive Exterior Coating Market Size, Automotive Exterior Coating Market Growth, Automotive Exterior Coating Market Analysis, Automotive Exterior Coating Market Report, Automotive Exterior Coating Market Share, Automotive Exterior Coating Market Trends, Automotive Exterior Coating Market Forecast, Automotive Exterior Coating Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.