Automotive Coatings Manufacturing in the US - Industry Market Research Report

Automotive Coatings Manufacturing in the US - Industry Market Research Report

  • May 2020 •
  • 36 pages •
  • Report ID: 5103863 •
  • Format: PDF
Cracked paint: Steadily declining car sales have hampered demand for automotive coatings

Abstract

Automotive Coatings Manufacturing
The Automotive Coatings Manufacturing industry is expected to trend higher over the five years to 2018. The industry’s performance has been bolstered by growing domestic vehicle production and new car sales. However, industry profitability is expected to decline as a result of the recent increase in crude oil prices, a major input for automotive coatings. Over the five years to 2023, industry revenue is anticipated to decline as a result of expected weakness in the several automobile manufacturing industries. Slowed growth in consumer incomes in addition to declining consumer and business sentiment are expected to result in a pullback in new car sales, negatively impacting demand for automotive coatings.

This industry manufactures various coating products to decorate and protect automobile surfaces against wear, weather and corrosion. Final products are sold to automotive manufacturers, wholesalers, retailers and auto shops.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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