Industry Analysis & Industry Trends
During the recession, steep declines in demand for new vehicle manufacturing caused severe declines for coatings manufacturers as consumers decided to forgo paint jobs for their vehicles. However, as new vehicle manufacturing increased after the recession, so did demand for automotive coatings. In the five years to 2019, technological advances in coatings products will continue to boost demand for the industry, though profit will be pressured as input costs rise.... purchase to read more
Industry Report - Industry Products Chapter
Automotive coatings manufacturers produce various exterior coatings, including basecoats, primers, electrocoats, and clearcoats, for automotive original equipment manufacturers (OEMs) and for the automotive paint aftermarket.
A basecoat provides the color, decorative effects and exterior aesthetic for a vehicle. Most firms in this industry produce a wide variety of colors and also offer decorative effects like micas, aluminum flakes and other pigmentation that add texture or shine to the vehicle's exterior. Basecoats are used on almost every vehicle an OEM produces. The basecoat connects with the clearcoat to form the exterior appearance of the vehicle. As such, this segment will account for the largest share of revenue in 2014 at roughly 36.9%... purchase to read more