Automotive Paints and Coatings Market will Showcase Neutral Impact during 2020-2024 | The Increasing Demand For Innovative and Specialty Products to Boost the Market Growth | Technavio
October 7, 2020
LONDON–(BUSINESS WIRE)–Technavio has been monitoring the automotive paints and coatings market and it is poised to grow by $ 3.96 bn during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Akzo Nobel NV, Arkema SA, Axalta Coating Systems Ltd., BASF SE, Clariant International Ltd., Covestro AG, KC Co. Ltd., PPG Industries Inc., and Sika AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
The increasing demand for innovative and specialty products has been instrumental in driving the growth of the market. However, stringent emission regulations governing the market might hamper market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
Automotive Paints and Coatings Market 2020-2024: Segmentation
Automotive Paints and Coatings Market is segmented as below:
Automotive Paints and Coatings Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive paints and coatings market report covers the following areas:
Automotive Paints and Coatings Market Size
Automotive Paints and Coatings Market Trends
Automotive Paints and Coatings Market Statistics
Automotive Paints and Coatings Market Analysis
This study identifies increasing demand for innovative and specialty products as one of the prime reasons driving the automotive paint and coatings.market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
Automotive Paints and Coatings Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist automotive paints and coatings market growth during the next five years
Estimation of the automotive paints and coatings market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive paints and coatings market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive paints and coatings market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019-2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Solvent-based products – Market size and forecast 2019-2024
Water-based products – Market size and forecast 2019-2024
Other products – Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Application
Comparison by Application
Passenger cars – Market size and forecast 2019-2024
Light commercial vehicles – Market size and forecast 2019-2024
Heavy commercial vehicles – Market size and forecast 2019-2024
Market opportunity by Application
Market Segmentation by Type (qualitative)
APAC – Market size and forecast 2019-2024
Europe – Market size and forecast 2019-2024
North America – Market size and forecast 2019-2024
South America – Market size and forecast 2019-2024
MEA – Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume drivers – Demand led growth
Market positioning of vendors
Akzo Nobel NV
Axalta Coating Systems Ltd.
Clariant International Ltd.
KC Co. Ltd.
PPG Industries Inc.
The Sherwin-Williams Co.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.