Rising consumption of Waterborne Automobile coatings on account of their excellent chemical and physical properties such as low temperature processing, high chemical resistance and solvent free preparations is anticipated to drive automotive coatings demand. Waterborne Automobile coatings are replacing solvent borne coatings owing to their cost advantage and other chemical properties. Moreover new investments by companies along with increasing number of production facilities is expected to further stimulate the global automotive Waterborne Automobile coatings market.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 77 Billion |
| Expected Market Value (2022) | US$ 79 Billion |
| Anticipated Forecast Value (2032) | US$ 141.5 Billion |
| Projected Growth Rate (2022-2032) | 6% CAGR |
COVID-19 Impact Analysis
The recent outbreak of the COVID-19 has adversely affected various markets in the chemicals & materials industry. The Waterborne Automobile Coating Market is no different. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential chemicals and raw materials faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Waterborne Automobile Coating Market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
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The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Waterborne Automobile Coating Market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
Global Waterborne Automobile Coatings Market: Region-wise Outlook
In terms of geography, the global automotive exhaust systems market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. Asia-Pacific is dominant region and is expected to witness swift market growth at a steady CAGR due to increasing vehicle production particularly in India, China and Japan. Moreover increasing government expenditure on road maintenance is expected to further accelerate the growth for Waterborne Automobile coating market in Asia. North America and Western Europe are other attractive markets owing to its strict government regulation and environment safety norms.
Global Waterborne Automobile Coatings Market: Key Players
Transition to Waterborne Automobile coatings from solvent based coating has prompted automotive coating manufacturers to increase investment and production of new waterborne coated products. Global Waterborne Automobile coating market is dominated by key players which include BASF SE, Akzo, Nobel NV, Du Pont Performance, Coating, Kansai Paint, Arkema SA, Bayer AG and PPG Industries.
Global Waterborne Automobile Coatings Market: Segmentation:
On the basis of product type, the global Waterborne Automobile coatings market is segmented into
- Water-soluble paints
- Water-dispersible paints or colloidal coatings
- Emulsion/ latex paints
- Water based alkyds
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On the basis of binders, the global Waterborne Automobile coatings market is segmented into
- Polyvinyl ethers
- Polyacrylate
- Polyurethane resins
- Epoxy resins
- Alkyd resins
- Others
On the basis of end use, the global Waterborne Automobile coatings market is segmented into
- Passenger vehicle OEM
- Commercial vehicle OEM
- Commercial refinish
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Waterborne Automobile Coating Market
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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