The Global Automotive Speciality Coating Market was around USD 2.97 billion in 2021 and it is expanding to reach USD 3.7 billion with 3.12% CAGR till 2026. Globally, this Automotive Speciality Coating Market is multiplying due to the expansion of automotive sector. These coatings are mainly used in aerospace and defence, oil and gases industries, petroleum and chemical factories, refineries, and power stations. The exponential growth in automotive industries is directly affecting the target market size and trends. Global automotive speciality coating market expanded from 2015 because of the rising production of automotive device. It is classified into different parts basis on the material used for the process like alkyd, polyamide, epoxy, and acrylic urethane. These materials are used for the coating in different industries. Coating is not only used for application for maintenance but it is sometimes used for increasing beauty of the components.
In Sept2018, OerlikonBalzers has begun a new manufacturing and production unit in Slovakia. The new plant is considered crucial for coating and heat treating of automotive elements.
In July 2018, Carlisle Fluid Technology (CFT), a part of Carlisle Companies, opened its facility in Bournemouthn in (UK). This unit will produce handguns, automatic guns, and powder finishing improving the manufacturing abilities of the firm. These guns are used for the powder coatings like tribo guns.
In May 2018, Ionbond, a IHI Corporation’s division, extended its coating ability at its service centre in France. Various cutting tools coating products are developed in this unit.
Hydromer industry is offering new anti-fog coatings with long lasting quality and water sheeting capabilities.
The global automotive speciality coating market is increased rapidly from 2017 due to the increasing population of nations, production of vehicle and application of coating. The automotive industry is also attached to coating market. Increasing production of vehicle or all other components is the main reason of market growth. Various types of coatings are available in market so consumer can easily decide which is preferable for their works. Increasing adoption rate of an automated manual transmission (AMT's) drives the market. Water Borne technique is largest as well as most used technique. Also, the solvent borne techniques are used for coating, it is prefer for less price and quick drying nature and is also eco-friendly.
In Automotive speciality Coating Market, there are some important factors that drive the whole market. The first factor is, increasing demand of vehicle and production of vehicle or components of vehicles are leading to growth of the market. Also, the population of every nation is increasing rapidly so demand for different components and automotive applications which have coating is main factor.
The second most important driver of market is increasing number of coating application. Different types of coating are available in market and it is preferable for customers, so market size is increased day by day. Some are eco friendly for environment. Then most important growth factors is the increasing number of sales of premium vehicles.
In Automotive speciality Coating Market, there are some factors which limit the whole market. Now in every production and manufacturing industry, new trend rapidly increases which is engine downsizing. This trend is the first restraint factors in this market. Then the increasing number of sales of BEV and FCEV models of application. Also the up and down of cost of row material of coating components are the most important factor. The production of coating material may use hazardous chemical and limitations on use of such material are standing as restraints factors on production of coating material.
The Global Automotive speciality Coating market segmentation is depend on various factors such as:
By Application, the engine and exhaust, interior, transmission and wheel rims are the part of this segmentation. Engine down size is a restraint factor of this segment. But wheel rims and others are playing vital role in market growth. As well as transmission and interior is making a new market for the coating. The increasing number of industries and production of vehicle gives new opportunities for these sectors. Wheel rims segment expected most considerable share. The amount of coating required for the wheel rims is depended on two factors such as size of wheel and number of required wheel for vehicle.
By Technology type, the production or manufacturing of coating components are playing most important role because of the technology the market growth is also secured. The first technology is solvent borne which prefer low market price rather than other technology and it is easily available in market. In 2018, solvent borne technology held the largest share in market. The water coating technology is largest as well as fastest-growing market technology in the world. It’s eco-friendly for the environment. Then powder coating technology holding stable amount of market share. For the powder coating technology, different types of components are needed so it will direct affected to powder coating technology.
By Resin type, different types of chemical components are included in this sector are polyurethane, epoxy, acrylic, alkyl, polyamide. Polyurethane is highly used in high gloss and scratch resistance for plastic components which is used in interior or internal part of the application. Polyurethane is used on metal so it will applicable in interior parts and wheel rims of vehicle for corrosion resistance. Also polyurethane is used as direct on metal and id creating big market for coating.
By substrate, the market comprises plastic, metal and others. Plastic is used for lightweight materials. The metal is used for the anti-corrosive and hardness and it will long live material.
By Electric and Hybrid Vehicle Type, HEV, PHEV and BEV are the segments. All the type of vehicles has different market in different regions. HEV Segment is the expected segment to have the largest share in global market.
By Vehicle type, the market is segmented in Passenger car, LCV and HCV. In Asia market, the passenger cars and LCV are most used applications so the coating market for LCV and Passenger cars is high in Asian Region. Also, in other countries, the LCV is most used application by people so the market participation is high.
Global Automotive Speciality Coating Market is segmented in four regions such as Asia Pacific, Europe, North America and ROW. In Asia Pacific region, the high market of Automotive Speciality Coating is for LCV. It is also the largest market for automotive speciality coatings. Passenger car and LCV are having major production in this area. China is the leading country in this market. Wheel rims coating estimated largest share in this area in the coming years.
In the Global Automotive speciality Coating Market, some of the key players are PPG (US), Axalta (US), AkzoNobel N.V. (Netherlands), BASF SE (Germany), Sherwin Williams (US), Kansai (Japan), Covestro (Germany), Solvay AG (Belgium), DOW Chemical (US), Nippon Paints (Japan), and KCC (South Korea).
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Speciality Coating Market, By Application
6.1.4 Wheel Rims
6.1.5 Market Size Estimations & Forecasts (2019-2024)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Automotive Speciality Coating Market, By Technology Type
6.2.1 Solvent Borne
6.2.2 Water Borne Coating
6.2.3 Powder Coating
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Automotive Speciality Coating Market, By Resin Type
6.3.4 Market Size Estimations & Forecasts (2019-2024)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
6.4 Automotive Speciality Coating Market, By Substrate
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Automotive Speciality Coating Market, By Hybrid and Electric Vehicle
6.5.4 Market Size Estimations & Forecasts (2019-2024)
6.5.5 Y-o-Y Growth Rate Analysis
6.5.6 Market Attractiveness Index
6.6 Automotive Speciality Coating Market, By Vehicle Type
6.6.1 Passenger Car
6.6.4 Market Size Estimations & Forecasts (2019-2024)
6.6.5 Y-o-Y Growth Rate Analysis
6.6.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Application
7.2.3 By Technology Type
7.2.4 By Resin Type
7.2.5 By Substrate
7.2.6 By Hybrid and Electric Vehicle
7.2.7 By Vehicle Type
7.3.1 By Country
22.214.171.124 Rest of Europe
7.3.2 By Application
7.3.3 By Technology Type
7.3.4 By Resin Type
7.3.5 By Substrate
7.3.6 By Hybrid and Electric Vehicle
7.3.7 By Vehicle Type
7.4 Asia Pacific
7.4.1 By Country
126.96.36.199 South Korea
188.8.131.52 South East Asia
184.108.40.206 Australia & NZ
220.127.116.11 Rest of Asia-Pacific
7.4.2 By Application
7.4.3 By Technology Type
7.4.4 By Resin Type
7.4.5 By Substrate
7.4.6 By Hybrid and Electric Vehicle
7.4.7 By Vehicle Type
7.5 Latin America
7.5.1 By Country
18.104.22.168 Rest of Latin America
7.5.2 By Application
7.5.3 By Technology Type
7.5.4 By Resin Type
7.5.5 By Substrate
7.5.6 By Hybrid and Electric Vehicle
7.5.7 By Vehicle Type
7.6 Middle East and Africa
7.6.1 By Country
22.214.171.124 Middle East
7.6.2 By Application
7.6.3 By Technology Type
7.6.4 By Resin Type
7.6.5 By Substrate
7.6.6 By Hybrid and Electric Vehicle
7.6.7 By Vehicle Type
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.3 AkzoNobel N.V
8.4 BASF SE
8.5 Sherwin Williams
8.7 Covestro AG
8.8 Solvay AG
8.9 DOW Chemical
8.10 Nippon Paints
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures