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