NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028

Chemicals & Materials | Paints

NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028

Market by Product Type, Coat Type, Vehicle Type, End-users, and Country | Forecast 2022-2028

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According to Triton’s research report, the automotive paints and coatings market in North America is likely to display revenue growth at a CAGR of 6.40% during the forecast years 2022-2028.



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The countries explored in the region consist of:

•         United States

•         Canada

The United States holds the major share in the North American region. The region’s robust growth can be attributed to the strong presence of prominent companies like Ford and General Motors. The growing demand for vehicles is another factor supporting the market’s growth in the region. Further, the governments are offering incentives, along with introducing investment policies to boost the automotive industry. Hence, as stated above, all these factors are responsible for developing the automotive paints and coatings market.

The United States has a strong presence of leading manufacturers, contributing to the automotive sector’s growth. In 2020, the country manufactured over 2 million vehicles, with a significant sale of light vehicles. The growing number of cars has surged the demand for advanced automotive paints and coatings. Additionally, several international companies have established engine and transmission plants in the country to carry out testing, design, and R&D operations. Thus, these developments are responsible for positioning the automotive paints and coatings market in a positive growth trajectory in the US.

Furthermore, the automobile sector has grown significantly in Canada. This is mainly owing to the presence of key OEMs such as Ford, Honda, and Toyota. Moreover, the country has emerged as a major center for automotive and transportation center. Hence, the significant growth of the automotive sector increases the demand for automotive coatings, which in turn drives the automotive paints and coatings market across Canada.

OEM stands for an original equipment manufacturer. Volkswagen, Ford, Toyota, and General Motors are some of the top OEMs in the automotive sector producing vehicle components. The growth in vehicle production by OEMs has surged the demand for automotive paints and coatings over the past few years. The reviewed market is studied based on end-users, product type, vehicle type, and coat type. The end-users section is categorized into original equipment manufacturers and automotive refinish.

The notable companies in the market report include Valspar Corporation, Red Spot Paint, National Paints Factories Co Ltd, and KCC Corporation.

Valspar Corporation manufactures and distributes paints and coatings for various applications, including automotive, general metals, and consumer packaging. The company’s business segments include coatings and paints. The coatings segment comprises a packaging product line and three industrial product lines. Additionally, it offers decorative and protective coatings for metal, wood, and plastic for sale to OEMs. The paints section contains products such as primers, topcoats, and aerosol spray through distributors, retailers, and company-owned stores. Valspar Corporation is headquartered in Minneapolis, the United States.

 

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 North America 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 NA automotive paints and coatings market’s growth during the upcoming years

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Table of Content

1. NORTH AMERICA 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. NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY PRODUCT TYPE

3.1. SOLVENT-BORNE

3.2. WATERBORNE

3.3. OTHER COATINGS (POWDER COATINGS, ETC)

4. NORTH AMERICA 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. NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY VEHICLE TYPE

5.1. PASSENGER VEHICLES

5.2. LIGHT COMMERCIAL VEHICLES

5.3. HEAVY COMMERCIAL VEHICLES

6. NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET OUTLOOK - BY END-USERS

6.1. ORIGINAL EQUIPMENT MANUFACTURERS (OEM)

6.2. AUTOMOTIVE REFINISH

7. NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET – REGIONAL OUTLOOK

7.1. UNITED STATES

7.2. CANADA

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

List of Tables

TABLE 1: NORTH AMERICA 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: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2022-2028 (IN $ MILLION)

TABLE 5: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2022-2028 (IN $ MILLION)

TABLE 6: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2022-2028 (IN $ MILLION)

TABLE 7: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2022-2028 (IN $ MILLION)

TABLE 8: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 9: PRODUCTION AND SALES OF AUTOMOBILES IN THE UNITED STATES (2016-2020)

TABLE 10: PRODUCTION AND SALES OF AUTOMOBILES IN CANADA (2016-2020)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRODUCT TYPE, 2021 & 2028 (IN %)

FIGURE 3: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY SOLVENT-BORNE, 2022-2028 (IN $ MILLION)

FIGURE 4: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY WATERBORNE, 2022-2028 (IN $ MILLION)

FIGURE 5: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY OTHER COATINGS (POWDER COATINGS, ETC), 2022-2028 (IN $ MILLION)

FIGURE 6: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY COAT TYPE, 2021 & 2028 (IN %)

FIGURE 7: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY BASE COAT, 2022-2028 (IN $ MILLION)

FIGURE 8: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY ELECTRO COAT, 2022-2028 (IN $ MILLION)

FIGURE 9: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY CLEAR COAT, 2022-2028 (IN $ MILLION)

FIGURE 10: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PRIMER, 2022-2028 (IN $ MILLION)

FIGURE 11: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY VEHICLE TYPE, 2021 & 2028 (IN %)

FIGURE 12: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY PASSENGER VEHICLES, 2022-2028 (IN $ MILLION)

FIGURE 13: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY LIGHT COMMERCIAL VEHICLES, 2022-2028 (IN $ MILLION)

FIGURE 14: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY HEAVY COMMERCIAL VEHICLES, 2022-2028 (IN $ MILLION)

FIGURE 15: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY END-USERS, 2021 & 2028 (IN %)

FIGURE 16: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY ORIGINAL EQUIPMENT MANUFACTURERS (OEM), 2022-2028 (IN $ MILLION)

FIGURE 17: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, BY AUTOMOTIVE REFINISH, 2022-2028 (IN $ MILLION)

FIGURE 18: NORTH AMERICA AUTOMOTIVE PAINTS AND COATINGS MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 19: UNITED STATES AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

FIGURE 20: CANADA AUTOMOTIVE PAINTS AND COATINGS MARKET 2022-2028 (IN $ MILLION)

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