Automotive Coating Market Concentration Rate, Top 5
Manufacturers, Competitive Situation By 2025
“Automotive Coatings Market is expected to grow at a healthy rate for the
forecasted period owing to the increase in demand of commercial and
passenger vehicle, development in transport infrastructure, and supporting
government policies and regulations.”
The Automotive Coating Market is expected to grow at a healthy rate for the forecasted period owing to the
increase in demand of commercial and passenger vehicle, development in transport infrastructure, and
supporting government policies and regulations. Latest technology in this industry is water born and powder
coatings. Most of the automobile parts are metallic and to improve the life and avoid degradation metal coating
is done on it. Growing demand of automobile across global is offering great opportunity for auto coating
industry. Innovation in green technology such as making the products eco-friendly will help the industry to grow
significantly as it will abide government regulations.
Water borne and powder borne coatings popularity is increasing as it has longer durability, in line with
government regulations during production, and is cost effective than conventional solvent borne coatings.
These emits hazardous chemical and harms environment. The market is primarily influenced by the government
regulation as affects the environment. Also the prices of raw material are fluctuating hence it is emerging as a
major challenge for the industry as the profit margins are reducing. The automotive coatings industry is
segmented majorly into two categories which includes aftermarket or refinish and Original Equipment
Manufacturing (OEM). The refinish or aftermarket is used by the vehicle body shops and collision repair centres.
On the basic of product segmentation, the global automotive coatings market can be divided into four categories
namely primer coats, electro-coats, clear-coats, and basecoats.
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