North American Automotive Paints and Coatings Market size is set to reach USD 3.1 billion by 2026, according to a latest forecast report by Graphical Research.
Rising vehicle production owing to healthy economic conditions along with rapid urbanization are providing potential growth prospects for the industry expansion. Increasing preference for enhancing the aesthetic appearance and exterior textures coupled with the accessibility of numerous paint alternatives will augment the product penetration.
In North America, increasing number of buyers are opting for pre-owned or refurbished vehicles, which is presenting promising growth scenarios for the market. The availability of several color alternatives including pastel versions and bright chromatic hues is gaining customer attraction. The major benefits achieved by coatings, such as longer color retention and UV protection are further bringing out more consumers.
Browse detailed statistical insights from the report, “North American Automotive Paints and Coatings Market Size By Technology (Solvent-borne, Waterborne, Powder, UV Cured), By Coating Type (Basecoat, Electrocoat, Primer, Clearcoat), By Texture Type (Solid, Matte, Metallic), By Distribution Channel (Aftermarket, OEM), By Raw Material (Epoxy, Polyurethane, Acrylic), By Vehicle Type (Light Commercial Vehicles, Passenger Cars, Heavy Commercial Vehicles), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @
Industry players are shifting their focus to develop the latest processing technologies in order to manufacture paints & coatings which are aligned with environmental norms and regulations. Therefore, the paints and coating industry in North America has taken steps to minimize waste & reduce the VOC content and optimize environmental improvements. North America is addressing environmental issues actively over the past years. For instance, the U.S. Environmental Protection Agency’s (EPA) Toxic Release Inventory (TRI) specifies the statistics of toxicity weighted results of the automotive paint and coating industry that has significantly declined by 94% from 1990.
Some of the key manufacturers involved in the North America automotive paints and coatings market include 3M, Axalta Coating Systems, BSAF SE, Cabot Corporation, Covestro LLC, Diamond Vogel, DuPont de Nemours, Inc., Eastman chemical company, Kansai Paint Co., Ltd., The Sherwin Williams Company, PPG Industries Inc., and U.S. Paint Corporation.
Industry participants are investing in R&D to develop new paint products with ultra-low VOC emission characteristics. Additionally, the enhanced color matching properties are supporting the industry growth in the aftermarket. For instance, in June 2019, PPG launched DELFLEET ONE paints for addressing the increasing refinish requirements from the commercial transportation industry.
The North American automotive paints and coatings market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million liters and revenue in USD million from 2016 to 2026 for the following segments:
North America Market, By Coating Type
North America Market, By Texture Type
North America Market, By Technology
- UV Cured
North America Market, By Distribution Channel
North America Market, By Raw Material
North America Market, By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
The above information is available for the following countries: