× Industry Reports Services Press Release Contact us About us

Europe Automotive Coatings Market Size By Product (Primer, Electrocoat, Basecoat, Clearcoat), By Technology (Solvent borne, Waterborne, UV – Cured), By Application (Metals, Plastic), By End-Use (Light Vehicle OEM, Commercial OEM, Automotive Refinish), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026
Published Date: March 2021 | Publisher: Graphical Research Report ID: GR1693 | Delivery : PDF  Request Free Sample

Europe Automotive Coatings Market size surpassed USD 3.5 billion in 2019 and is predicted to register a growth of over 4.5% from 2020 to 2026.

Automotive coatings or paints comprise of three components: Pigment, that offers colour to a paint, thinner, which offers consistency to the paint, and binder, that binds all the components of a paint. Automotive coatings are mainly of two types: water based automotive coatings and solvent based automotive coatings. Solvent based coatings contain solvents such as enamel or urethane and comprise volatile organic compounds which are toxic to environment. Water based coatings have gained popularity among car owners and manufacturers owing to lack of presence of volatile organic compounds in them.

Automotive paint is applied to a vehicle in three stages: first a primer coat is applied which helps in offering rust protection and UV protection. Primer coat is followed by a base coat for adding colour effects. This is followed by application of a clear coat, which enhances abrasion resistance and improves chemical stability of the paint to improve UV resistance.

European Market, By Product

The electrocoat segment accounted more than USD 870 million revenue in 2019. Electrocoating or e-coating is an immersion painting process and uses electric current to attach paint to vehicle body. Electrocoat is applied to a vehicle by completely submerging the vehicle in a primer tank, after which coating is applied to the body through cathode deposition.

E-coating is adopted by major vehicle manufacturers owing to ability to paint complex-shaped parts and ability to offer film uniformity. Use of electrocoat has soared in automotive industry pertaining to ability to offer faster and effective coating abilities. Rise in the production of passenger vehicles and commercial vehicles in European countries should proliferate the automotive electrocoat sector.

European Market, By Technology

Depending upon technologies, the water based automotive coatings market is estimated to witness over 5% CAGR between 2020 and 2026. Water based automotive coatings are becoming popular among car manufacturers pertaining to rising focus on lowering the use of volatile organic compounds as these are harmful to environments. Water based automotive coatings are also helpful in improving air quality and reduce health hazards. Owing to these advantages, utilization of water based automotive paints has soared in Europe.

European Market, By End-Use

Based on end uses, the commercial OEM segment size was over USD 1 billion in 2019 and is anticipated to observe a growth rate of 4.5% till 2026. The demand for automotive paint for commercial vehicle applications has soared owing to rise in the production value of commercial vehicles, especially light weight commercial vehicles.

The number of light weight commercial vehicles produced has increased from 2,199 thousand units in 2018 to 2,201 thousand units in 2019. This rise in the production output of light commercial vehicle should accelerate the market demand. Further, adoption of new coatings with crosslinking properties has helped companies to increase coating durability, appearance, resistance to UV, rust, and scratch.

Competitive Industry Landscape

The European automotive coatings industry share is significantly competitive with major players including BASF SE, Bayer AG, Axalta Coatings Systems LLC, PPG Industries, Inc., AkzoNobel N.V., Arkema SA, Clariant, Solvay S.A., Lord Corporation, The Sherwin-Williams Company, and Eastman Chemical Company.
 

Frequently Asked Question(FAQ) :

The market for automotive coatings in Europe generated USD 3.5 billion in 2019 and record a 4.5% CAGR through 2026 driven by the increasing production of lightweight commercial vehicles.
The electrocoat segment was valued at USD 870 million in 2019 and will experience robust demand as it can offer film uniformity and paint complex shaped parts of the vehicle.
The demand for water based automotive coatings in Europe is slated to increase at a 5% CAGR through 2026 as automakers aim to lower the environmental impact by substituting volatile organic compounds.
The commercial OEM segment generated USD 1 billion in 2019 and will grow at a CAGR of 4.5% up to 2026 with growing sales and production of commercial vehicles.

Premium Report

Have questions?
  • Inquire Before Buying
  • Why Choose us?

    • on-time delivery On-Time Delivery

      We commit to on-time delivery of reports to keep you ahead.

    • assured quality Assured Quility

      With a wide network of industry experts and trained in-house analysts, we assure best service quality.

    • Custom Research Service

      We offer research services to meet specific client requirements and provide them with actionable insights on target markets.

    • payment security Payment Security

      Our safe payment gateway gives you full control of your personal data, at all times.

    Connect with our sales team

     1-800-986-6917

     [email protected]