Automotive Paint Market in US 2023-2030

    In Stock

    AUTOMOTIVE PAINT MARKET IN US

     

    INTRODUCTION

    US is world`s second biggest automotive market. More than 70% passenger cars sold in US are mid and full-size SUVs/crossovers/pickups. Due to higher vehicle transaction prices, popularity of longer and wider vehicles and abundant colour choices, it is an important part for automotive paint companies.

     

     

    MARKET DYNAMICS

    Axalta delivered its 68th yearly Global Automotive Color Popularity Report uncovering the most widely recognized automotive tones out and about today are white (38%), black (19%) and gray (15%). Gray increased by two percentage points worldwide and is at a 10-year high.

     

    At 38% of the total global market for the last three years, white is the most frequently purchased automotive colour globally for 10 consecutive years. Silver continues to decline in all regions and its popularity is now in the single digits at 9%. Black holds steady year-over-year and remains a favourite in luxury vehicles.  

     

    COMPETITIVE LANDSCAPE

    Nippon Paint Holdings Co., Ltd. (NPHD) declared the consolidation of its U.S. automotive organizations.

     

    The consolidation is planned to produce results on Jan. 1, 2021. NPA Coatings Inc., NB Coatings, Inc., and NPAA Chattanooga will converge into a solitary organization and work under the name Nippon Paint Automotive Americas, Inc.

     

    The consolidation will achieve a one-organization answer for pre-treatment, electrocoat, body paint a lot on-plastic item contributions explicitly intended to address the issues of the car coatings market.

     

    NPAC, situated in Cleveland, Ohio, produces and sells E-Coat, body paint, and pre-treatment synthetics to car OEMs and providers fundamentally situated in North America. NB Coatings (Lansing, Illinois) makes and sells coatings for paint-on-plastic applications for car OEMs and their Tiers, additionally fundamentally in North America.

     

    Also, the third area in Chattanooga, Tennessee was as of late settled as the site of another assembling office.

     

    It will fundamentally deliver E-Coat and topcoats for the car market. The Chattanooga area will be another 270,000-square-foot LEED (Leadership in Energy and Environmental Design) confirmed assembling office, which will use probably the most cutting-edge innovations accessible to improve efficiency and maintainability.

     

    COMPANIES PROFILED

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    • Market Size and Forecast, by geography($M)
    • Opportunities and risks in Automotive Paint Market in US
    • Important technology trends and regulatory changes
    • 5 key predictions for next 5 years in Automotive Paint Market in US
    • Competitive landscape and market share of leading vendors
    • OE- Supplier alignment in Automotive Paint Market in US
    • New product development in Automotive Paint Market in US
    • COVID impact on Automotive Paint Market in US and suppliers` earnings

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix