UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET FORECAST 2021-2026
The United States automotive paints & coatings market is expected to register a CAGR of 6.39% during the forecasted years. The market growth of the country is facilitated by key drivers such as the strong presence of major automobile manufacturers, the prevalence of skilled labor, as well as increased municipal and state government incentives. The base year considered for the studied market is 2020, and the estimated period is between 2021 to 2026.
UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET FORECAST 2021-2026
United States Automotive Paints & Coatings Market by Product Type (Solvent-borne, Water-borne, Other Coatings (Powder Coatings, ETC)) Market by Vehicle Type (Passenger Vehicles, Commercial Vehicles) Market by Texture Type (Solid, Metallic, Pearlescent, Other Texture Type) Market by Coat Type (Base Coat, Electro Coat, Clear Coat, Primer) Market by End-users (Original Equipment Manufacturers (OEM), Automotive Refinish)
The United States automotive paints & coatings market is expected to register a CAGR of 6.39% during the forecasted years. The market growth of the country is facilitated by key drivers such as the strong presence of major automobile manufacturers, the prevalence of skilled labor, as well as increased municipal and state government incentives. The base year considered for the studied market is 2020, and the estimated period is between 2021 to 2026.
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Automotive paints are used in vehicles for protection and decoration. It constitutes polyurethane-based enamel that protects the substrate from elements. Automotive paint is typically applied in multiple layers onto the vehicle’s body, with each layer possessing a thickness of several micrometers.
The United States is a leading market in terms of the automobile sector, on account of its vast consumer market, open investment policy, sufficient infrastructure, as well as the incidence of proficient work personnel. Total foreign direct investment (FDI) across the United States’ automotive industry reached $114.6 billion in 2018. Moreover, from 2018 to 2019, the sector’s FDI rose by 25.5%. As a result, these factors are set to influence the automotive paints & coatings market growth in the United States over the forecast years.
Valspar Corporation, headquartered in Minneapolis, the United States, manufactures and distributes coatings and paints utilized in a diverse range of applications. These include consumer packaging, general metals, automotive, and wood. It operates in two segments, namely, paints and coatings. The coatings segment entails its packaging product line and three industrial product lines, wood, general industry, and coil. The company is operational across the Asia-Pacific, North America, and Europe.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- COUNTRY SNAPSHOT
- COUNTRY ANALYSIS
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY ANALYTICS
- IMPACT OF COVID-19 ON AUTOMOTIVE PAINTS & COATINGS MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- MARKET BY PRODUCT TYPE
- SOLVENT-BORNE
- WATER-BORNE
- OTHER COATINGS (POWDER COATINGS, ETC)
- MARKET BY VEHICLE TYPE
- PASSENGER VEHICLES
- COMMERCIAL VEHICLES
- HEAVY COMMERCIAL VEHICLES
- LIGHT COMMERCIAL VEHICLES
- 2-WHEELERS
- MARKET BY TEXTURE TYPE
- SOLID
- METALLIC
- PEARLESCENT
- OTHER TEXTURE TYPE
- MARKET BY COAT TYPE
- BASE COAT
- ELECTRO COAT
- CLEAR COAT
- PRIMER
- MARKET BY END-USERS
- ORIGINAL EQUIPMENT MANUFACTURERS (OEM)
- AUTOMOTIVE REFINISH
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- AXALTA COATING SYSTEMS
- PPG INDUSTRIES INC
- RPM INTERNATIONAL INC
- SHERWIN-WILLIAMS
- VALSPAR CORPORATION
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – AUTOMOTIVE PAINTS & COATINGS
TABLE 2: NEW PASSENGER CAR REGISTRATIONS IN TOP COUNTRIES IN 2020
TABLE 3: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 4: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 5: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY VEHICLE TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 6: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY VEHICLE TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 7: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY COMMERCIAL VEHICLES, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 8: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY COMMERCIAL VEHICLES, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 9: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY TEXTURE TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 10: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY TEXTURE TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 11: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY COAT TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 12: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY COAT TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 13: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY END-USERS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 14: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY END-USERS, FORECAST YEARS, 2021-2026 (IN $ MILLION)
TABLE 15: PRODUCTION & SALES OF AUTOMOBILES IN UNITED STATES (2016-2020)
TABLE 16: LIST OF MERGERS & ACQUISITIONS
TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 18: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2020
FIGURE 5: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY SOLVENT-BORNE, 2021-2026 (IN $ MILLION)
FIGURE 6: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY WATER-BORNE, 2021-2026 (IN $ MILLION)
FIGURE 7: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY OTHER COATINGS (POWDER COATINGS, ETC), 2021-2026 (IN $ MILLION)
FIGURE 8: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, GROWTH POTENTIAL, BY VEHICLE TYPE, IN 2020
FIGURE 9: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY PASSENGER VEHICLES, 2021-2026 (IN $ MILLION)
FIGURE 10: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY COMMERCIAL VEHICLES, 2021-2026 (IN $ MILLION)
FIGURE 11: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, GROWTH POTENTIAL, BY COMMERCIAL VEHICLES, IN 2020
FIGURE 12: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY HEAVY COMMERCIAL VEHICLES, 2021-2026 (IN $ MILLION)
FIGURE 13: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY LIGHT COMMERCIAL VEHICLES, 2021-2026 (IN $ MILLION)
FIGURE 14: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY 2-WHEELERS, 2021-2026 (IN $ MILLION)
FIGURE 15: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, GROWTH POTENTIAL, BY TEXTURE TYPE, IN 2020
FIGURE 16: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY SOLID, 2021-2026 (IN $ MILLION)
FIGURE 17: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY METALLIC, 2021-2026 (IN $ MILLION)
FIGURE 18: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY PEARLESCENT, 2021-2026 (IN $ MILLION)
FIGURE 19: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY OTHER TEXTURE TYPE, 2021-2026 (IN $ MILLION)
FIGURE 20: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, GROWTH POTENTIAL, BY COAT TYPE, IN 2020
FIGURE 21: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY BASE COAT, 2021-2026 (IN $ MILLION)
FIGURE 22: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY ELECTRO COAT, 2021-2026 (IN $ MILLION)
FIGURE 23: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY CLEAR COAT, 2021-2026 (IN $ MILLION)
FIGURE 24: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY PRIMER, 2021-2026 (IN $ MILLION)
FIGURE 25: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, GROWTH POTENTIAL, BY END-USERS, IN 2020
FIGURE 26: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY ORIGINAL EQUIPMENT MANUFACTURERS (OEM), 2021-2026 (IN $ MILLION)
FIGURE 27: UNITED STATES AUTOMOTIVE PAINTS & COATINGS MARKET, BY AUTOMOTIVE REFINISH, 2021-2026 (IN $ MILLION)
- MARKET BY PRODUCT TYPE
- SOLVENT-BORNE
- WATER-BORNE
- OTHER COATINGS (POWDER COATINGS, ETC)
- MARKET BY VEHICLE TYPE
- PASSENGER VEHICLES
- COMMERCIAL VEHICLES
- HEAVY COMMERCIAL VEHICLES
- LIGHT COMMERCIAL VEHICLES
- 2-WHEELERS
- MARKET BY TEXTURE TYPE
- SOLID
- METALLIC
- PEARLESCENT
- OTHER TEXTURE TYPE
- MARKET BY COAT TYPE
- BASE COAT
- ELECTRO COAT
- CLEAR COAT
- PRIMER
- MARKET BY END-USERS
- ORIGINAL EQUIPMENT MANUFACTURERS (OEM)
- AUTOMOTIVE REFINISH
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