Introduction

High performance coatings, specifically engineered for withstanding thermal and mechanical stress, have witnessed a widespread adoption in the transportation sector over the past decades. These transportation coatings have been integrated in the production of vehicles and their components. Metal surfaces of long haul trucks and trailers being coated with high-velocity oxygen fuel (HVOF) coatings is a practice actively exercised in the manufacturing of vehicles and components used for transportation purposes.

According to Future Market Insights, the global sales of transportation coatings will translate over US$ 12 billion revenues by the end of 2022. The report has assessed the future of transportation coatings as key industrial materials utilized in the transportation industry for a five-year forecast period, 2017-2022. A regional analysis compiled in the report reveals that the Asia-Pacific excluding Japan (APEJ) region will represent the largest market for transportation coatings throughout the forecast period.

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Demand for solvent-based coatings to surge vigorously

The report has analysed the global transportation coating market on the basis of types of coatings. In 2017, the report anticipates that solvent-based transportation coating sold in the global market will net around US$ 3.5 billion revenues. These coatings will register the fastest revenue growth through 2022, and will also hold approximately two-fifth share on global revenues anticipated to be procured throughout the forecast period.

Demand for solvent-based transportation coatings is poised to escalate as these coatings are less susceptible to temperature and humidity changes. However, production of solvent-based transportation coatings entails high VOC emissions, an environmental adversity that is viewed as a key deterrent for their adoption.

The demand for powder coatings will be steady in the global transportation coating market, while pre-treatment coatings will incur revenue growth at a robust CAGR over the forecast period.

Automotive OEMs to be viewed as largest end-user

In 2017, nearly half of the revenues procured in global transportation coating market will be accounted by automotive OEMs. Epoxies and polymer coatings are being actively integrated in the manufacturing of engine parts, vehicle chassis, and other key components.

The use of transportation coatings at initial stages through OEMs will remain to be a healthy practice for companies operating in transportation businesses. In terms of revenue, the fastest growth is anticipated to be accounted by end-use of transportation coatings in heavy duty truck industry.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Plastic coating applications will register 7.2% CAGR through 2022

Among the key applications, the report anticipates that plastic coating applications will register fastest revenue growth during the forecast period. By the end of 2022, over US$ 3.8 billion transportation coatings will be sold for these applications. Although, the report also anticipates that in 2017, metal coating applications will procure the largest global revenues share.

Manufacturers of transportation coating are expected to focus on boosting the applicability of coatings for plastic surfaces. Several companies will also be adopting new fastening techniques such as elastic bonding and offer aging resistant adhesives to support the performance of transportation coatings.

Key manufacturers of transportation coatings

The global market for transportation coatings is expected to be highly competitive. With emergence of new coating polymers and advanced production techniques, the manufacturing of transportation coating will undergo considerable transformation.

Over the next five years, The Sherwin-Williams Company, The Dow Chemical Company, PPG Industries, Inc., Nippon Paint Holdings Co. Ltd., Henkel AG & Co. KGaA, Evonik Industries AG, E.I Dupont De Numours and Company, BASF SE, Axalta Coating Systems Ltd., and Akzo Nobel NV will are pegged to remain active in the expansion of global transportation coating market. Several market players will also focus on new strategies to procure high-quality grades of raw materials used in production of transportation coatings.

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Market Taxonomy

Coating Type :

  • Water-based
  • Solvent-based
  • Powder
  • Pre-treatment
  • Others

End-user :

  • Automotive OEMs
  • Heavy Duty Truck Industry
  • Bus Manufacturers
  • Rail Industry
  • Other End-user

Application :

  • Metal Coating
  • Plastic Coating
  • Carbon Fiber
  • Other Substrates

Frequently Asked Questions

What is the Growth Outlook for the Transportation Coating Market?

The growth outlook for the transportation coating market is predicted to advance at a CAGR of 6.5% from 2022-to 2032.

Which Region Leads the Transportation Coating Market?

The Asia-Pacific region is anticipated to represent the largest share of the transportation coating market during the forecast period.

How much Growth Potential does the Transportation Coating Market hold?

The transportation coating market is likely to hold a valuation of US$ 22.53 billion by 2032.

Which sector is the key driver in the Transportation Coating Market?

The automotive and manufacturing industry sectors are the key drivers in the transportation coating market.

Table of Content

1. Global Transportation Coating Market - Executive Summary

2. Global Transportation Coating Market Overview

2.1. Introduction

2.1.1. Global Transportation Coating Market Taxonomy

2.1.2. Global Transportation Coating Market Definition

2.2. Global Transportation Coating Market Size (US$ Mn) and Forecast, 2012-2022

2.2.1. Global Transportation Coating Market Y-o-Y Growth

2.3. Global Transportation Coating Market Dynamics

2.4. Supply Chain

2.5. Cost Structure

2.6. Pricing Analysis 

2.7. Raw Material Sourcing Strategy and Analysis

2.8. List of Distributors

2.9. Key Participants Market Presence (Intensity Map) By Region

3. Global Transportation Coating Market Analysis and Forecast By Coating Type

3.1. Global Transportation Coating Market Size and Forecast By Coating Type, 2012-2022

3.1.1. Water-based Market Size and Forecast, 2012-2022

3.1.1.1. Revenue (US$ Mn) Comparison, By Region

3.1.1.2. Market Share Comparison, By Region

3.1.1.3. Y-o-Y growth Comparison, By Region

3.1.2. Solvent-based Market Size and Forecast, 2012-2022

3.1.2.1. Revenue (US$ Mn) Comparison, By Region

3.1.2.2. Market Share Comparison, By Region

3.1.2.3. Y-o-Y growth Comparison, By Region

3.1.3. Powder Market Size and Forecast, 2012-2022

3.1.3.1. Revenue (US$ Mn) Comparison, By Region

3.1.3.2. Market Share Comparison, By Region

3.1.3.3. Y-o-Y growth Comparison, By Region

3.1.4. Pre-treatment Market Size and Forecast, 2012-2022

3.1.4.1. Revenue (US$ Mn) Comparison, By Region

3.1.4.2. Market Share Comparison, By Region

3.1.4.3. Y-o-Y growth Comparison, By Region

3.1.5. Others Market Size and Forecast, 2012-2022

3.1.5.1. Revenue (US$ Mn) Comparison, By Region

3.1.5.2. Market Share Comparison, By Region

3.1.5.3. Y-o-Y growth Comparison, By Region

4. Global Transportation Coating Market Analysis and Forecast By End-user

4.1. Global Transportation Coating Market Size and Forecast By End-user, 2012-2022

4.1.1. Automotive OEMs Market Size and Forecast, 2012-2022

4.1.1.1. Revenue (US$ Mn) Comparison, By Region

4.1.1.2. Market Share Comparison, By Region

4.1.1.3. Y-o-Y growth Comparison, By Region

4.1.2. Heavy Duty Truck Industry Market Size and Forecast, 2012-2022

4.1.2.1. Revenue (US$ Mn) Comparison, By Region

4.1.2.2. Market Share Comparison, By Region

4.1.2.3. Y-o-Y growth Comparison, By Region

4.1.3. Bus Manufacturers Market Size and Forecast, 2012-2022

4.1.3.1. Revenue (US$ Mn) Comparison, By Region

4.1.3.2. Market Share Comparison, By Region

4.1.3.3. Y-o-Y growth Comparison, By Region

4.1.4. Rail Industry Market Size and Forecast, 2012-2022

4.1.4.1. Revenue (US$ Mn) Comparison, By Region

4.1.4.2. Market Share Comparison, By Region

4.1.4.3. Y-o-Y growth Comparison, By Region

4.1.5. Other End-user Market Size and Forecast, 2012-2022

4.1.5.1. Revenue (US$ Mn) Comparison, By Region

4.1.5.2. Market Share Comparison, By Region

4.1.5.3. Y-o-Y growth Comparison, By Region

5. Global Transportation Coating Market Analysis and Forecast By Application 

5.1. Global Transportation Coating Market Size and Forecast By Application, 2012-2022

5.1.1. Metal Coating Market Size and Forecast, 2012-2022

5.1.1.1. Revenue (US$ Mn) Comparison, By Region

5.1.1.2. Market Share Comparison, By Region

5.1.1.3. Y-o-Y growth Comparison, By Region

5.1.2. Plastic Coating Market Size and Forecast, 2012-2022

5.1.2.1. Revenue (US$ Mn) Comparison, By Region

5.1.2.2. Market Share Comparison, By Region

5.1.2.3. Y-o-Y growth Comparison, By Region

5.1.3. Carbon Fiber Market Size and Forecast, 2012-2022

5.1.3.1. Revenue (US$ Mn) Comparison, By Region

5.1.3.2. Market Share Comparison, By Region

5.1.3.3. Y-o-Y growth Comparison, By Region

5.1.4. Other Substrates Market Size and Forecast, 2012-2022

5.1.4.1. Revenue (US$ Mn) Comparison, By Region

5.1.4.2. Market Share Comparison, By Region

5.1.4.3. Y-o-Y growth Comparison, By Region

6. Global Transportation Coating Market Analysis and Forecast By Region

6.1. Global Transportation Coating Market Size and Forecast, 2012-2022

6.1.1. North America Transportation Coating Market Size and Forecast, 2012-2022

6.1.1.1. Revenue (US$ Mn) Comparison, By Coating Type

6.1.1.2. Revenue (US$ Mn) Comparison, By End-user

6.1.1.3. Revenue (US$ Mn) Comparison, By Application 

6.1.2. Latin America Transportation Coating Market Size and Forecast, 2012-2022

6.1.2.1. Revenue (US$ Mn) Comparison, By Coating Type

6.1.2.2. Revenue (US$ Mn) Comparison, By End-user

6.1.2.3. Revenue (US$ Mn) Comparison, By Application 

6.1.3. Europe Transportation Coating Market Size and Forecast, 2012-2022

6.1.3.1. Revenue (US$ Mn) Comparison, By Coating Type

6.1.3.2. Revenue (US$ Mn) Comparison, By End-user

6.1.3.3. Revenue (US$ Mn) Comparison, By Application 

6.1.4. Japan Transportation Coating Market Size and Forecast, 2012-2022

6.1.4.1. Revenue (US$ Mn) Comparison, By Coating Type

6.1.4.2. Revenue (US$ Mn) Comparison, By End-user

6.1.4.3. Revenue (US$ Mn) Comparison, By Application 

6.1.5. APEJ Transportation Coating Market Size and Forecast, 2012-2022

6.1.5.1. Revenue (US$ Mn) Comparison, By Coating Type

6.1.5.2. Revenue (US$ Mn) Comparison, By End-user

6.1.5.3. Revenue (US$ Mn) Comparison, By Application 

6.1.6. MEA Transportation Coating Market Size and Forecast, 2012-2022

6.1.6.1. Revenue (US$ Mn) Comparison, By Coating Type

6.1.6.2. Revenue (US$ Mn) Comparison, By End-user

6.1.6.3. Revenue (US$ Mn) Comparison, By Application 

7. North America Transportation Coating Market Analysis and Forecast, By Country, 2012-2022

7.1. US Transportation Coating Market Size and Forecast, 2012-2022

7.1.1. Revenue (US$ Mn) Comparison, By Coating Type

7.1.2. Revenue (US$ Mn) Comparison, By End-user

7.1.3. Revenue (US$ Mn) Comparison, By Application 

7.2. Canada Transportation Coating Market Size and Forecast, 2012-2022

7.2.1. Revenue (US$ Mn) Comparison, By Coating Type

7.2.2. Revenue (US$ Mn) Comparison, By End-user

7.2.3. Revenue (US$ Mn) Comparison, By Application 

8. Latin America Transportation Coating Market Analysis and Forecast, By Country, 2012-2022

8.1. Brazil Transportation Coating Market Size and Forecast, 2012-2022

8.1.1. Revenue (US$ Mn) Comparison, By Coating Type

8.1.2. Revenue (US$ Mn) Comparison, By End-user

8.1.3. Revenue (US$ Mn) Comparison, By Application 

8.2. Mexico Transportation Coating Market Size and Forecast, 2012-2022

8.2.1. Revenue (US$ Mn) Comparison, By Coating Type

8.2.2. Revenue (US$ Mn) Comparison, By End-user

8.2.3. Revenue (US$ Mn) Comparison, By Application 

8.3. Argentina Transportation Coating Market Size and Forecast, 2012-2022

8.3.1. Revenue (US$ Mn) Comparison, By Coating Type

8.3.2. Revenue (US$ Mn) Comparison, By End-user

8.3.3. Revenue (US$ Mn) Comparison, By Application 

9. Europe Transportation Coating Market Analysis and Forecast, By Country, 2012-2022

9.1. Germany Transportation Coating Market Size and Forecast, 2012-2022

9.1.1. Revenue (US$ Mn) Comparison, By Coating Type

9.1.2. Revenue (US$ Mn) Comparison, By End-user

9.1.3. Revenue (US$ Mn) Comparison, By Application 

9.2. UK Transportation Coating Market Size and Forecast, 2012-2022

9.2.1. Revenue (US$ Mn) Comparison, By Coating Type

9.2.2. Revenue (US$ Mn) Comparison, By End-user

9.2.3. Revenue (US$ Mn) Comparison, By Application 

9.3. France Transportation Coating Market Size and Forecast, 2012-2022

9.3.1. Revenue (US$ Mn) Comparison, By Coating Type

9.3.2. Revenue (US$ Mn) Comparison, By End-user

9.3.3. Revenue (US$ Mn) Comparison, By Application 

9.4. Spain Transportation Coating Market Size and Forecast, 2012-2022

9.4.1. Revenue (US$ Mn) Comparison, By Coating Type

9.4.2. Revenue (US$ Mn) Comparison, By End-user

9.4.3. Revenue (US$ Mn) Comparison, By Application 

9.5. Italy Transportation Coating Market Size and Forecast, 2012-2022

9.5.1. Revenue (US$ Mn) Comparison, By Coating Type

9.5.2. Revenue (US$ Mn) Comparison, By End-user

9.5.3. Revenue (US$ Mn) Comparison, By Application 

9.6. Nordic Transportation Coating Market Size and Forecast, 2012-2022

9.6.1. Revenue (US$ Mn) Comparison, By Coating Type

9.6.2. Revenue (US$ Mn) Comparison, By End-user

9.6.3. Revenue (US$ Mn) Comparison, By Application 

10. Japan Transportation Coating Market Analysis and Forecast, By Country, 2012-2022

10.1. Japan Transportation Coating Market Size and Forecast, 2012-2022

10.1.1. Revenue (US$ Mn) Comparison, By Coating Type

10.1.2. Revenue (US$ Mn) Comparison, By End-user

10.1.3. Revenue (US$ Mn) Comparison, By Application 

11. APEJ Transportation Coating Market Analysis and Forecast, By Country, 2012-2022

11.1. China Transportation Coating Market Size and Forecast, 2012-2022

11.1.1. Revenue (US$ Mn) Comparison, By Coating Type

11.1.2. Revenue (US$ Mn) Comparison, By End-user

11.1.3. Revenue (US$ Mn) Comparison, By Application 

11.2. India Transportation Coating Market Size and Forecast, 2012-2022

11.2.1. Revenue (US$ Mn) Comparison, By Coating Type

11.2.2. Revenue (US$ Mn) Comparison, By End-user

11.2.3. Revenue (US$ Mn) Comparison, By Application 

11.3. Malaysia Transportation Coating Market Size and Forecast, 2012-2022

11.3.1. Revenue (US$ Mn) Comparison, By Coating Type

11.3.2. Revenue (US$ Mn) Comparison, By End-user

11.3.3. Revenue (US$ Mn) Comparison, By Application 

11.4. Thailand Transportation Coating Market Size and Forecast, 2012-2022

11.4.1. Revenue (US$ Mn) Comparison, By Coating Type

11.4.2. Revenue (US$ Mn) Comparison, By End-user

11.4.3. Revenue (US$ Mn) Comparison, By Application 

11.5. Singapore Transportation Coating Market Size and Forecast, 2012-2022

11.5.1. Revenue (US$ Mn) Comparison, By Coating Type

11.5.2. Revenue (US$ Mn) Comparison, By End-user

11.5.3. Revenue (US$ Mn) Comparison, By Application 

11.6. Australia Transportation Coating Market Size and Forecast, 2012-2022

11.6.1. Revenue (US$ Mn) Comparison, By Coating Type

11.6.2. Revenue (US$ Mn) Comparison, By End-user

11.6.3. Revenue (US$ Mn) Comparison, By Application 

12. MEA Transportation Coating Market Analysis and Forecast, By Country, 2012-2022

12.1. GCC Countries Transportation Coating Market Size and Forecast, 2012-2022

12.1.1. Revenue (US$ Mn) Comparison, By Coating Type

12.1.2. Revenue (US$ Mn) Comparison, By End-user

12.1.3. Revenue (US$ Mn) Comparison, By Application 

12.2. South Africa Transportation Coating Market Size and Forecast, 2012-2022

12.2.1. Revenue (US$ Mn) Comparison, By Coating Type

12.2.2. Revenue (US$ Mn) Comparison, By End-user

12.2.3. Revenue (US$ Mn) Comparison, By Application 

12.3. Nigeria Transportation Coating Market Size and Forecast, 2012-2022

12.3.1. Revenue (US$ Mn) Comparison, By Coating Type

12.3.2. Revenue (US$ Mn) Comparison, By End-user

12.3.3. Revenue (US$ Mn) Comparison, By Application 

12.4. Israel Transportation Coating Market Size and Forecast, 2012-2022

12.4.1. Revenue (US$ Mn) Comparison, By Coating Type

12.4.2. Revenue (US$ Mn) Comparison, By End-user

12.4.3. Revenue (US$ Mn) Comparison, By Application 

13. Global Transportation Coating Market Company Share, Competition Landscape and Company Profiles

13.1. Company Share Analysis

13.2. Competition Landscape

13.3. Company Profiles

13.3.1. Akzo Nobel NV

13.3.2. Axalta Coating Systems Ltd

13.3.3. BASF SE

13.3.4. E.I Dupont De Numours and Company

13.3.5.Evonik Industries AG

13.3.6. Henkel AG & Co. KGaA

13.3.7.Nippon Paint Holdings Co Ltd

13.3.8. PPG Industries, Inc.

13.3.9. The Dow Chemical Company

13.3.10.The Sherwin-Williams Company

14. Research Methodology

15. Secondary and Primary Sources

16. Assumptions and Acronyms

17. Disclaimer

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