- Sherwin Williams: committed to satisfying customer needs through quality products, and excellent service. Offering products in three categories: Sherwin Vehicle Refinishes, Equipment, and Associated products.
- PPG Industries: protecting and beatifying our customer's assets by offering products in 7 broad categories: Pretreatment, Electro-coat, Primer Surfacer, Basecoats, Clear-coat, Compact Paint Systems, Adhesives and Sealants.
- Axalta Coating Systems: innovating to help protect, improve, and advance everything we see and touch. Offering products in two categories: Liquid Coatings and Powder Coatings.
- According to Ken Research, the US Automotive Paints and Coatings market is anticipated to grow at a CAGR of ~5% and become an ~USD 3.3 Bn. industry by 2028.
The US Automotive Paints and Coatings Market is rapidly growing and is predicted to witness a significant growth in the upcoming years.
There are various reasons for the growth of US Automotive Paints and Coatings market. Some of the major reasons responsible for the growth of US Automotive Paints and Coatings market include rapid automotive sales, increase in accidents and collisions, technological advancements and pollution caused by automotive paints and coatings.
Various companies and players are contributing to their best efforts in the growth of the US Automotive Paints and Coatings market.
This article aims to put light on the contributions done by the major players towards the growth of the US Automotive Paints and Coatings market.
1. Sherwin Williams
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Headquartered in Ohio, United States, this paint company is the leading contributor of US Automotive Paints and Coatings market. With presence in over 120 countries and more than 60,000 employees, this company earned a revenue of USD 22 Bn. in 2022.
This company make paint and coatings and related products in three categories which primarily are Sherwin Vehicle Refinishes, Equipment, and Associated products.
Sherwin-Williams Automotive Finishes boasts an extensive product portfolio, catering to a wide spectrum of automotive coating needs. Whether it's primers, basecoats, clearcoats, or specialty coatings, the company provides a one-stop solution for manufacturers seeking a range of finishes for their vehicles. This comprehensive offering simplifies the procurement process for manufacturers and allows them to find tailored solutions that align with their brand image and performance requirements.
Technical Expertise and Training
What sets Sherwin-Williams Automotive Finishes apart is its commitment to not only providing coatings but also supporting its customers' success. The company offers technical training and support to body shops, repair facilities, and manufacturers, ensuring that the coatings are applied correctly and yield the desired results. This dedication to education fosters a strong relationship between the company and its clients, positioning Sherwin-Williams as a reliable partner in the automotive coatings journey.This paint company has made almost 11 acquisitions in the past. Some of their latest acquisitions include Oskar Nolte, Klumpp Coatings and ICA group.
By producing not only paints and coatings but also equipment and associated products, this player contributes majorly to the US Automotive Paints and Coatings market.
2. PPG Industries
Headquartered in Pennsylvania, United States; this paint and coatings company is not just only famous in the US but in the whole world. With presence in over 70 countries and over 50,000 employees; this company earned about USD 17 Bn. revenue in 2022.
This company make products in 7 broad categories which are as follows: Pretreatment, Electro-coat, Primer Surfacer, Basecoats, Clear-coat, Compact Paint Systems, Adhesives and Sealants.
The products under the category of Pretreatment include ZICROBOND which is a thin film pretreatment, CHEMFOS which is a tri-cation zinc phosphate, and VERSABOND which is a fast kinetic efficient zinc phosphate.
The products under the category of Primer Surfacer include POWDER PRIMERS, SOLVENT BORNE PRIMERS, and OPTIPRIME WATERBORNE PRIMER.
The products under the category of Compact Paint systems include B1:B2 WATERBORNE/SOLVENTBORNE and 3C1B WATERBORNE/SOLVENTBORNE.
The products under the category of Adhesives and Sealants include CORABOND, REVOFORM, AUDIOGUARD, AUDIOSHIELD, CORASHIELD, and DURABED.
PPG Industries places a strong emphasis on understanding customer needs and tailoring their solutions accordingly.
This customer-centric approach has enabled the company to establish long-term partnerships with leading automobile manufacturers, providing them with coatings that not only enhance the visual appeal of vehicles but also offer protection against harsh environmental conditions.
PPG's commitment to quality has resulted in a reputation for producing coatings that withstand the test of time, contributing to the longevity of vehicles and customer satisfaction.
This company has made almost 20 acquisitions in the past. Some of their latest acquisitions include Worwag, Cristacol, and Cetelon. Some of their major acquisitions include Tikkurila, SigmaKalon, and Sigma.
3. Axalta Coating Systems
Headquartered in Pennsylvania, United States; this American paint and coatings company is yet another major contributor of US Automotive Paints and Coatings market. With over 13,000 employees, presence in over 140 countries, this company earned a revenue of ~USD 5 Bn. in last year.
This company make coatings in primarily two categories which include Liquid Coatings and Powder Coatings.
In recent years, sustainability has become a driving force in the automotive industry, and Axalta has embraced this trend wholeheartedly. The company has made substantial efforts to reduce its environmental footprint by incorporating sustainable practices into its operations and product development. Axalta's commitment to waterborne coatings, low volatile organic compound (VOC) formulations, and eco-friendly processes aligns with the industry's shift toward greener solutions.
By providing various lines of automotive paints and coatings products, this American company holds a dominant position in the US Automotive Paints and Coatings market.