Market by Product Type, Coat Type, Vehicle Type, End-users, and Country | Forecast 2022-2028
Based on Triton’s research
report, the automotive paints and coatings market in Asia-Pacific is expected
to increase at a CAGR of 4.20%
during the forecasting years 2022-2028.
Report scope can be customized per your requirements. Request For Customization
The
countries assessed in the studied region include:
•
China
•
Japan
•
India
•
South Korea
•
ASEAN Countries
•
Australia & New Zealand
•
Rest of Asia-Pacific
China
secures the highest share in the automotive paints and coatings market. Several countries in the region have emerged
as top automotive manufacturing nations, including China, Japan, and South
Korea. This has encouraged global automotive companies such as Fiat Chrysler
and Hyundai to invest heavily in the region. Further, the growing demand and
production of passenger and commercial vehicles have enhanced the need for
automotive paints. Besides, the government support of EV vehicles has also
increased paints and coatings demand, driving the studied market on a
progressive path.
Over the years, China’s car manufacturing
segment has been expanding exponentially to meet the demand. This has led the
country to emerge as the largest automotive manufacturer, with over 21 million
passenger vehicles produced in 2021. As per estimates, China produces one out
of every four-passenger cars manufactured globally. Therefore, the growing
production of automobiles ultimately widens the scope of the automotive paints
and coatings market within China.
On the other hand, the automotive sector contributes
heavily to Japan’s economy. Toyota, Honda, and Nissan are major players
operating in the country, bringing significant suppliers. The country produces
a high number of vehicles each year. Therefore, the growing automotive industry
creates new opportunities for the automotive paints and coatings market.
Solvent-borne paints evaporate when exposed to
oxygen, speeding up the drying process. These countries are less sensitive to
outward factors, including temperature and humidity. HMG Paints is a major company
offering solvent-borne coatings to automobile companies. The studied market’s growth is assessed based on product type, coat
type, end-users, and vehicle type. The product type section is branched
into solvent-borne, waterborne, and other coatings.
The
key companies profiled in the market comprise Kansai Paint Co Ltd, PPG
Industries Inc, Sherwin Williams, Valspar Corporation, KCC Corporation, and
National Paints Factories Co Ltd.
Kansai Paint Co Ltd is a manufacturer and
distributor of paints and coatings equipment. The company is engaged in
providing decorative, protective, auto refinish, automotive, and industrial
coatings. Its product line includes ESCO, an anti-corrosive primer.
Additionally, it offers touch-up paints, heat-resistant paints, and PVC
sealants to the automotive industry. Kansai Paint operations across various
regions, with headquarters in Osaka, Japan.
Kansai Paint had announced the launch of a wave absorber to prevent autonomous driving malfunction. The product was developed with the cooperation of Wave X. The new product features thinness, lightness, and versatility to solve issues caused by the reflection of waves.
Key deliverables of the report:
●
Market CAGR during the forecasting years 2022-2028
●
Detailed data highlighting key insights, industry components, and
market strategies
● Comprehensive information and estimation of the automotive paints
and coatings market revenue growth in the Asia-Pacific and its influence on the
parent market
●
In-depth study of forthcoming trends in consumer behavioral
patterns
●
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
● A wide-ranging study of factors that will challenge the APAC
automotive paints and coatings market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON AUTOMOTIVE PAINTS AND COATINGS MARKET
2.2. KEY
INSIGHTS
2.2.1. INTRODUCTION
OF NEW COLORS FOR CAR EXTERIORS
2.2.2. NEW
RESIN AND ADDITIVE TECHNOLOGIES DEVELOPMENT METHODS
2.2.3. SHIFTING
PREFERENCES IN CAR COLORS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. MERGERS
& ACQUISITIONS
2.6.2. CONTRACTS
& AGREEMENTS
2.6.3. EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. TECHNOLOGICAL
INNOVATIONS IN METALLIC PIGMENTS
2.7.2. GROWING
DEMAND FOR SANITARY CAR INTERIORS
2.7.3. STRONG
GOVERNMENT ASSISTANCE
2.7.4. INCREASED
DEMAND FOR PASSENGER VEHICLES
2.8. MARKET
CHALLENGES
2.8.1. ELEVATED
COATINGS COSTS AND RAW MATERIAL SHORTFALLS
2.8.2. REGULATIONS
AND FORMULATOR REGISTRATION REQUIREMENTS
2.9. MARKET
OPPORTUNITIES
2.9.1. NEW
DEVELOPMENTS IN COATINGS
2.9.2. SPECIALLY
DESIGNED COATINGS FOR ELECTRIC VEHICLES
3. ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY PRODUCT TYPE
3.1. SOLVENT-BORNE
3.2. WATERBORNE
3.3. OTHER
COATINGS (POWDER COATINGS, ETC)
4. ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY COAT TYPE
4.1. BASE
COAT
4.2. ELECTRO
COAT
4.3. CLEAR
COAT
4.4. PRIMER
5. ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY VEHICLE TYPE
5.1. PASSENGER
VEHICLES
5.2. LIGHT
COMMERCIAL VEHICLES
5.3. HEAVY
COMMERCIAL VEHICLES
6. ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY END-USERS
6.1. ORIGINAL
EQUIPMENT MANUFACTURERS (OEM)
6.2. AUTOMOTIVE
REFINISH
7. ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET – REGIONAL OUTLOOK
7.1. CHINA
7.2. JAPAN
7.3. INDIA
7.4. SOUTH
KOREA
7.5. ASEAN
COUNTRIES
7.6. REST
OF ASIA-PACIFIC
8. COMPETITIVE
LANDSCAPE
8.1. AKZO
NOBEL NV
8.2. AXALTA
COATING SYSTEMS
8.3. BASF
SE
8.4. BERGER
PAINTS LTD
8.5. CONCEPT
PAINTS
8.6. HMG
PAINTS LTD
8.7. KANSAI
PAINT CO LTD
8.8. KAPCI
COATINGS
8.9. KCC
CORPORATION
8.10. NATIONAL
PAINTS FACTORIES CO LTD
8.11. PPG
INDUSTRIES INC
8.12. RED
SPOT PAINT
8.13. RPM
INTERNATIONAL INC
8.14. SHERWIN
WILLIAMS
8.15. VALSPAR
CORPORATION
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: NEW PASSENGER
CAR REGISTRATIONS IN TOP COUNTRIES IN 2020
TABLE 4: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $
MILLION)
TABLE 5: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2022-2028 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2022-2028 (IN $
MILLION)
TABLE 7: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2022-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
TABLE 9: PRODUCTION AND
SALES OF AUTOMOBILES IN CHINA (2016-2020)
TABLE 10: PRODUCTION AND
SALES OF AUTOMOBILES IN JAPAN (2016-2020)
TABLE 11: PRODUCTION AND
SALES OF AUTOMOBILES IN INDIA (2016-2020)
TABLE 12: PRODUCTION AND
SALES OF AUTOMOBILES IN SOUTH KOREA (2016-2020)
TABLE 13: PRODUCTION AND
SALES OF AUTOMOBILES IN MALAYSIA (2016-2020)
TABLE 14: PRODUCTION AND
SALES OF AUTOMOBILES IN THE PHILIPPINES (2016-2020)
TABLE 15: PRODUCTION AND
SALES OF AUTOMOBILES IN SINGAPORE (2016-2020)
TABLE 16: PRODUCTION AND
SALES OF AUTOMOBILES IN THAILAND (2016-2020)
TABLE 17: PRODUCTION AND
SALES OF AUTOMOBILES IN TAIWAN (2016-2020)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)
FIGURE 3: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY SOLVENT-BORNE, 2022-2028 (IN $ MILLION)
FIGURE 4: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY WATERBORNE, 2022-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY OTHER COATINGS (POWDER COATINGS,
ETC), 2022-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2021 & 2028 (IN %)
FIGURE 7: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY BASE COAT, 2022-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY ELECTRO COAT, 2022-2028 (IN $
MILLION)
FIGURE 9: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY CLEAR COAT, 2022-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRIMER, 2022-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2021 & 2028 (IN %)
FIGURE 12: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PASSENGER VEHICLES, 2022-2028 (IN $
MILLION)
FIGURE 13: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY LIGHT COMMERCIAL VEHICLES, 2022-2028
(IN $ MILLION)
FIGURE 14: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY HEAVY COMMERCIAL VEHICLES, 2022-2028
(IN $ MILLION)
FIGURE 15: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2021 & 2028 (IN %)
FIGURE 16: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY ORIGINAL EQUIPMENT MANUFACTURERS
(OEM), 2022-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY AUTOMOTIVE REFINISH, 2022-2028 (IN $
MILLION)
FIGURE 18: ASIA-PACIFIC
AUTOMOTIVE PAINTS AND COATINGS MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 19: CHINA
AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 20: JAPAN
AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: INDIA
AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: SOUTH KOREA
AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: ASEAN
COUNTRIES AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: REST OF
ASIA-PACIFIC AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)