Global Automotive Speciality Coatings Market Size, Trends, and Growth Opportunity, By Application (Engine exhaust, Interior, Transmission, Wheels), By Technology (Solvent-borne, Water-borne, Powder), By Resin (PU, Epoxy, Acrylic, Substrate, ICE, Electric & hybrid vehicle), By Region and Forecast to 2030.
Global Automotive Speciality Coatings Market
The Global Automotive Speciality Coatings Market was valued at USD 4.11 billion in 2022 and is expected to expand to USD 5.65 billion by 2030, at a CAGR of 3.65% during the forecast period 2023-2030.
Specialty coatings refer to adhesive products that are customized to protect & improve the appearance of a given material. Automotive coatings are mainly used for decoration & protection. These coatings are applied in various steps to allow the metal to be protected from corrosion. The coating application includes the steps primer, base coat, and clear coat, which are applied to serve a glossy & transparent finish.
Market Drivers
The increase in the demand for automotive specialty coatings is directly proportional production of vehicles & automobiles, especially 2-wheelers & passenger cars. This indicates that the rising manufacturing rate of automobiles shall positively impact the market in the forecast period.
Furthermore, rising personal disposable income in developing economies, such as India, China, and Brazil are directly influencing the demand for premium & luxurious vehicles. This increased demand for optimum & exceptional vehicles will drive the growth of the global automotive specialty coatings market.
Market Restraints
Price fluctuation in the raw materials shall create hindrances to the growth of the global automotive specialty coatings market. Volatility in the prices of importing & exporting parts, components, & raw materials will further restrain the growth of the market.
Market Segmentation
The global automotive specialty coatings market is segmented into application, technology, resin, and region.
Based on application, the global automotive specialty coatings market is segmented into the engine exhaust, interior, transmission, and wheels.
Based on technology, the global automotive specialty coatings market is segmented into solvent-borne, water-borne, and powder.
Based on resin, the global automotive specialty coatings market is segmented into PU, epoxy, acrylic, substrate, ice, electric & hybrid vehicle.
Regional Analysis
The global automotive specialty coatings market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate with the highest growth rate during this forecast period owing to rising industrialization, the growing focus of the major players to expand their manufacturing base in this region, and increasing demand for premium vehicles.
The Asia-Pacific region will significantly grow due to the presence of major players, the large-scale presence of the automotive industry in the region, and the increasing purchasing power of the people.
Key Players
Various key players are discussed in the global automotive specialty coatings market report including; AkzoNobel N.V., PPG Industries Inc., The Sherwin-Williams Company, RPM International Inc., NIPSEA GROUP, Arkema, Cardolite Corporation, BASF SE, Evonik Industries AG, Reichhold LLC, and Others.
Market Taxonomy
By Application
• Engine exhaust
• Interior
• Transmission
• Wheels
By Technology
• Solvent-borne
• Water-borne
• Powder
By Resin
• PU
• Epoxy
• Acrylic
• Substrate
• ICE
• Electric & hybrid vehicle
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Automotive Speciality Coatings Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automotive Speciality Coatings Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due To Recent Energy Crisis
4.2.5 Cumulative Impact Due Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact Of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automotive Speciality Coatings Market, By Application
5.1 Y-o-Y Growth Comparison, By Application
5.2 Global Automotive Speciality Coatings Market Share Analysis, By Application
5.3 Global Automotive Speciality Coatings Market Size and Forecast, By Application
5.3.1 Engine exhaust
5.3.2 Interior
5.3.3 Transmission
5.3.4 Wheels
6 Global Automotive Speciality Coatings Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Automotive Speciality Coatings Market Share Analysis, By Technology
6.3 Global Automotive Speciality Coatings Market Size and Forecast, By Technology
6.3.1 Solvent-borne
6.3.2 Water-borne
6.3.3 Powder
7 Global Automotive Speciality Coatings Market, By Resin
7.1 Y-o-Y Growth Comparison, By Resin
7.2 Global Automotive Speciality Coatings Market Share Analysis, By Resin
7.3 Global Automotive Speciality Coatings Market Size and Forecast, By Resin
7.3.1 PU
7.3.2 Epoxy
7.3.3 Acrylic
7.3.4 Substrate
7.3.5 ICE
7.3.6 Electric & hybrid vehicle
8 Global Automotive Speciality Coatings Market, By Region
8.1 Global Automotive Speciality Coatings Market Share Analysis, By Region
8.2 Global Automotive Speciality Coatings Market Share Analysis, By Region
8.3 Global Automotive Speciality Coatings Market Size and Forecast, By Region
9 North America Automotive Speciality Coatings Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Automotive Speciality Coatings Market Share Analysis, By Application
9.3 North America Automotive Speciality Coatings Market Share Analysis, By Technology
9.4 North America Automotive Speciality Coatings Market Size and Forecast, By Resin
9.5 North America Automotive Speciality Coatings Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Automotive Speciality Coatings Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Automotive Speciality Coatings Market Share Analysis, By Application
10.3 Europe Automotive Speciality Coatings Market Share Analysis, By Technology
10.4 Europe Automotive Speciality Coatings Market Size and Forecast, By Resin
10.5 Europe Automotive Speciality Coatings Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Automotive Speciality Coatings Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Automotive Speciality Coatings Market Share Analysis, By Application
11.3 Asia Pacific Automotive Speciality Coatings Market Share Analysis, By Technology
11.4 Asia Pacific Automotive Speciality Coatings Market Size and Forecast, By Resin
11.5 Asia Pacific Automotive Speciality Coatings Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Automotive Speciality Coatings Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Automotive Speciality Coatings Market Share Analysis, By Application
12.3 Latin America Automotive Speciality Coatings Market Share Analysis, By Technology
12.4 Latin America Automotive Speciality Coatings Market Size and Forecast, By Resin
12.5 Latin America Automotive Speciality Coatings Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Automotive Speciality Coatings Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Automotive Speciality Coatings Market Share Analysis, By Application
13.3 Middle East Automotive Speciality Coatings Market Share Analysis, By Technology
13.4 Middle East Automotive Speciality Coatings Market Size and Forecast, By Resin
13.5 Middle East Automotive Speciality Coatings Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market Share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 AkzoNobel N.V.
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 PPG Industries Inc.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.25 Key Market Developments
15.2.6 Key Strategies
15.3 The Sherwin-Williams Company
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 RPM International Inc.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 NIPSEA GROUP
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Arkema
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Cardolite Corporation
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 BASF SE
15. 8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Evonik Industries AG
15.9.1 Overview
15.9.2 Offerings
15.4.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Reichhold LLC.
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
