Automotive Coatings Market Analysis, Share, Regional Outlook, Industry Trends, Competitive Strategies and Segment Forecast, 2012 to 2022

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Automotive Coatings Market Analysis, Share, Regional

Outlook, Industry Trends, Competitive Strategies And

Segment Forecast, 2012 To 2022

Industry Overview

Global automotive coatings market size is expected to reach 5.5 million tons by 2022, growing at a CAGR

of 4.8% from 2015 to 2022.

Factors such as enhance durability, vehicle appearance and protection from foreign particles, UV

radiation, acid rain & extreme temperatures are likely to drive automotive coatings market growth.

Increasing automobile production particularly in Asia Pacific countries such as China, Thailand,

Indonesia, India, Taiwan and Japan are anticipated to propel the demand.

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In 2013, the Chinese demand for passenger and commercial vehicles was 22 million units. Chinese

automotive industry grew at a compounded rate of 24% from 2005 to 2011. Increased urbanization

along with high demand for SUVs and sedans may fuel the demand. India is expected to witness high

Hexa Research Inc.

Industry Research,Custom Research & Consulting

demand growth for automobiles due to industrialization coupled with government support for

manufacturing vehicles.

In India, The Automobile Mission Plan for the period 2006–2016, designed by the government is aimed

at accelerating and sustaining growth in this sector. Thailand is expected to increase its share as it

produced 2.75 million vehicles in 2012, with the presence of various players including Toyota Motors,

Honda Automobile, Nissan Motors, Hino Motor and General Motors.

Increasing focus towards adoption of power coatings owing to its properties such as non-VOC contents,

low operational costs, high texture variation along with color thickness and durability is anticipated to

drive growth.

Global powder coatings market was valued at USD 8.12 billion in 2014 and is...