Industry Analysis & Industry Trends
Smoothing out scratches
Automotive coatings manufacturers have experienced a bumpy five years. During the recession, steep declines in demand for new vehicle manufacturing caused severe declines for coatings manufacturers. In addition, 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 coming years, 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 SWOT Analysis Chapter
The industry is in the mature phase of its life cycle because of its slow growth rate, product saturation and market acceptance. After a bad patch in the 2000s, the industry began to recover in 2010 and further strengthened in 2011. Industry value added, which measures an industry's overall contribution to the economy, is expected to increase at an average annual rate of 1.6% from 2007 to 2017. This increase is slower than the GDP growth rate of 2.1% per year.
The existence of clearly defined product groups and user industries and the fairly stable nature of industry products, brands and ownerships also indicate a mature phase. Future growth will be driven largely by new technology, which will likely encourage consumers to invest in customized coatings... purchase to read more