Market by Product Type, Coat Type, Vehicle Type, End-users, and Country | Forecast 2022-2028
As per Triton’s report, the
automotive paints and coatings market in Europe is anticipated to progress at a
CAGR of 5.63% over the forecasted
period from 2022 to 2028.
Report scope can be customized per your requirements. Request For Customization
The
countries reflected in the region consist of:
•
the United Kingdom
•
Germany
•
France
•
Spain
•
Italy
•
Russia
•
Rest of Europe
In
Europe, Germany holds the largest share in the automotive paints and coatings
market. The automotive
sector is essential for the region’s economic development, with major
automakers leading the sector. The sector is widely supported by European
Commission funds for R&D to enhance the competitiveness of the automobile
companies in the global market. As per estimates, approximately 18.5 million
vehicles are manufactured in the region each year. Therefore, the growing
support from governments and the developing automotive sector is expected to
support the automotive paints and coatings market’s growth on a large scale.
Globally, Germany is known for its exceptional
automobile industry. The nation hosts the largest automotive sector in terms of
production and sales within Europe, accounting for around 25% of all passenger
vehicle production. Moreover, German automakers account for 18 of the world’s
top automobile suppliers. The country also has a high number of OEM factories,
which supports the growth of the automobile industry. Additionally, the high
number of luxury automobile production significantly increases the industry’s
revenue. Therefore, as mentioned above, these factors are responsible for the
robust growth of the automotive paints and coatings market in Germany.
Further, the UK government has allocated a
significant amount of funds for driving the electric revolution program. In
this regard, government spending in the automobile industry has fueled the
demand for automotive paints and coatings, thereby creating new opportunities
for the studied market across the country.
Several automakers opt for the base coat
following the primer coat. This layer is termed the paint since it provides
visual qualities of color. Here, solid, metallic, and pearlescent pigments are
the most frequent base coat types for automobile applications. The market’s growth is assessed based on
coat type, vehicle type, end-users, and product type. The coat type section
is categorized into base coat, primer, electro coat, and clear coat.
The
leading companies thriving in the given market are Akzo Nobel NV, BASF SE, Concept
Paints, Kansai Paint Co Ltd, Axalta Coatings Systems, and Berger Paints Ltd.
Akzo Nobel NV is a multinational company
producing paints and performance coatings for industry and consumers globally.
The company operates under multiple business segments, including decorative
paints, automotive and specialty coatings, industrial coatings, and powder
coatings. Its notable brands consist of Alba, Astral, Coral, Flexa, and Dulux,
among others. Additionally, it provides products to the automobile, consumer electronics,
and construction industries. Akzo has operations across various regions, with
headquarters located in Amsterdam, the Netherlands.
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 Europe 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 EU
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. EUROPE
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. EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY PRODUCT TYPE
3.1. SOLVENT-BORNE
3.2. WATERBORNE
3.3. OTHER
COATINGS (POWDER COATINGS, ETC)
4. EUROPE
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. EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY VEHICLE TYPE
5.1. PASSENGER
VEHICLES
5.2. LIGHT
COMMERCIAL VEHICLES
5.3. HEAVY
COMMERCIAL VEHICLES
6. EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY END-USERS
6.1. ORIGINAL
EQUIPMENT MANUFACTURERS (OEM)
6.2. AUTOMOTIVE
REFINISH
7. EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET – REGIONAL OUTLOOK
7.1. UNITED
KINGDOM
7.2. GERMANY
7.3. FRANCE
7.4. SPAIN
7.5. ITALY
7.6. RUSSIA
7.7. REST
OF EUROPE
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: EUROPE
AUTOMOTIVE PAINTS & 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: EUROPE
AUTOMOTIVE PAINTS & COATINGS MARKET, BY PRODUCT TYPE, 2022-2028, (IN $
MILLION)
TABLE 5: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2022-2028 (IN $ MILLION)
TABLE 6: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2022-2028 (IN $
MILLION)
TABLE 7: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2022-2028 (IN $ MILLION)
TABLE 8: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
MILLION)
TABLE 9: PRODUCTION AND
SALES OF AUTOMOBILES IN THE UNITED KINGDOM (2016-2020)
TABLE 10: PRODUCTION AND
SALES OF AUTOMOBILES IN GERMANY (2016-2020)
TABLE 11: PRODUCTION AND
SALES OF AUTOMOBILES IN FRANCE (2016-2020)
TABLE 12: PRODUCTION AND
SALES OF AUTOMOBILES IN SPAIN (2016-2020)
TABLE 13: PRODUCTION AND
SALES OF AUTOMOBILES IN ITALY (2016-2020)
TABLE 14: PRODUCTION AND
SALES OF AUTOMOBILES IN RUSSIA (2016-2020)
TABLE 15: ANNUAL CAR
PRODUCTION IN SLOVAKIA 2016-2020 (IN MILLIONS)
TABLE 16: PRODUCTION AND
SALES OF AUTOMOBILES IN SWEDEN (2016-2020)
TABLE 17: PRODUCTION AND
SALES OF AUTOMOBILES IN THE NETHERLANDS (2016-2020)
TABLE 18: PRODUCTION AND
SALES OF AUTOMOBILES IN POLAND (2016-2020)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)
FIGURE 3: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY SOLVENT-BORNE, 2022-2028 (IN $
MILLION)
FIGURE 4: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY WATERBORNE, 2022-2028 (IN $ MILLION)
FIGURE 5: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY OTHER COATINGS (POWDER COATINGS,
ETC), 2022-2028 (IN $ MILLION)
FIGURE 6: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2021 & 2028 (IN %)
FIGURE 7: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY BASE COAT, 2022-2028 (IN $ MILLION)
FIGURE 8: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY ELECTRO COAT, 2022-2028 (IN $
MILLION)
FIGURE 9: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY CLEAR COAT, 2022-2028 (IN $ MILLION)
FIGURE 10: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRIMER, 2022-2028 (IN $ MILLION)
FIGURE 11: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2021 & 2028 (IN %)
FIGURE 12: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PASSENGER VEHICLES, 2022-2028 (IN $
MILLION)
FIGURE 13: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY LIGHT COMMERCIAL VEHICLES, 2022-2028
(IN $ MILLION)
FIGURE 14: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY HEAVY COMMERCIAL VEHICLES, 2022-2028
(IN $ MILLION)
FIGURE 15: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2021 & 2028 (IN %)
FIGURE 16: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY ORIGINAL EQUIPMENT MANUFACTURERS
(OEM), 2022-2028 (IN $ MILLION)
FIGURE 17: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, BY AUTOMOTIVE REFINISH, 2022-2028 (IN $
MILLION)
FIGURE 18: EUROPE
AUTOMOTIVE PAINTS AND COATINGS MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 19: UNITED
KINGDOM AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 20: GERMANY
AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: FRANCE
AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: SPAIN
AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: ITALY
AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: RUSSIA
AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: REST OF
EUROPE AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)