- Polyurethane
- Epoxy
- Acrylic
- Other resin types
Automotive Coatings Market size was valued at USD 16,289.3 million in 2023 and grew at a CAGR of 4.8% from 2024 - 2030. The market is substances sprayed on a vehicle's exterior to increase durability, improve appearance, and prevent corrosion. These coatings improve the entire look and functionality of cars, which makes them essential to the automobile industry. The key factors fuelled by the market growth are increased production and sales, technological advancements, demand for aesthetics and customization, growing vehicle repair and refinishing market with regulations and environmental standards.
For instance, global vehicle production reached approximately 88 million units. This figure includes passenger cars, trucks, and buses. Global automotive production is projected to grow, with estimates suggesting it could exceed 90 million units annually by 2025, driven by increasing demand in emerging markets and technological advancements.
However, the high cost of advanced coatings, complex application processes, economic fluctuations, and raw material prices are the limiting factors of the market growth. Furthermore, emerging markets, electric and autonomous vehicles, and innovative coating solutions are the opportunities for market growth. In addition, the growth of waterborne and low VOC coatings, customization and personalization, smart coatings, integration of technology and increased focus on durability and performance are the driving factors for the market
Automotive Coatings Market Key Developments:
- In September 2022, BASF Coatings started new research for electrophoretic dip coating, and its headquarters in Germany
- In June 2022, AkzoNobel signed an agreement to acquire Kansai Paint, a provider of automotive industrial and decorative coatings to strengthen its footprint in in Africa further
- In May 2021, PPG Industries Inc. completed the acquisition of Worwag, a global manufacturer of coatings for industrial and automotive applications
Automotive Coatings Market Summary
Study Period
2024 - 2030Base Year
2023CAGR
4.8%Largest Market
Asia PacificFastest Growing Market
Asia PacificAutomotive Coatings Market Dynamics
The automotive production is projected to grow, with estimates suggesting it could exceed 90 million units annually by 2025, driven by increasing demand in emerging markets and technological advancements. The performance and durability of materials are being enhanced by technological innovations like nanocoating’s and smart coatings. Creating complying and environmentally friendly products is driven by regulatory demands, such as strict safety and environmental regulations. Coating requirements are influenced by market trends including the emergence of electric vehicles and the rising demand for personalization among consumers. Pricing and demand are affected by economic considerations, such as the cost of raw materials and general economic conditions
Asia-Pacific dominates the market
Automotive Coatings Market Regional Analysis
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
Asia Pacific is the dominant region for the automotive coatings market due to the growing need for reasonably priced cars in the area. China, Japan, India, and South Korea are leading in the market's expansion. Furthermore, the requirement for automotive coatings has grown due to the rising production and demand for passenger and commercial vehicles. Also, the need for coatings has increased as a result of government backing for electric vehicles.
Latin America
Europe
Asia Pacific
Middle East
North America
Automotive Coatings Market Segmentation
By Resin Type
By Technology
- Solvent-Borne
- Water-Borne
- Powder
By Layer Types
- E-Coat
- Primer
- Base Coat
- Clear Coat
By Application
- OEM
- Refinish
Frequently Asked Questions
The automotive coatings market is valued at USD 16,289.3 million in 2023 and growing at a CAGR of 4.8%. from 2024 - 2030
Asia Pacific is the dominant region for the automotive coatings market
Opportunities in the automotive coatings market arise from technological breakthroughs such as self-healing finishes and nano-coatings. The market for specialty and environmentally friendly coatings is driven by the growth of electric vehicles and an increasing emphasis on sustainability. Trends toward customization increase the need for distinctive finishes, and the growing aftermarket presents opportunities for improvement and repair options.
The automotive coatings market is segmented based on resin Type, Technology, Layer, Application and, by region
Key Features of the Report
- The automotive coatings market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
| 1. Executive Summary |
| 2. Global Automotive Coatings Market Introduction |
| 2.1.Global Automotive Coatings Market - Taxonomy |
| 2.2.Global Automotive Coatings Market - Definitions |
| 2.2.1.Resin Type |
| 2.2.2.Technology |
| 2.2.3.Layer Types |
| 2.2.4.Application |
| 2.2.5.Region |
| 3. Global Automotive Coatings Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Automotive Coatings Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Automotive Coatings Market By Resin Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Polyurethane |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Epoxy |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Acrylic |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Other resin types |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Automotive Coatings Market By Technology , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Solvent-Borne |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Water-Borne |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Powder |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Automotive Coatings Market By Layer Types , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. E-Coat |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Primer |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Base Coat |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Clear Coat |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Automotive Coatings Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. OEM |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Refinish |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9. Global Automotive Coatings Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10. North America Automotive Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Resin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Polyurethane |
| 10.1.2.Epoxy |
| 10.1.3.Acrylic |
| 10.1.4.Other resin types |
| 10.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Solvent-Borne |
| 10.2.2.Water-Borne |
| 10.2.3.Powder |
| 10.3. Layer Types Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.E-Coat |
| 10.3.2.Primer |
| 10.3.3.Base Coat |
| 10.3.4.Clear Coat |
| 10.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.OEM |
| 10.4.2.Refinish |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11. Europe Automotive Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Polyurethane |
| 11.1.2.Epoxy |
| 11.1.3.Acrylic |
| 11.1.4.Other resin types |
| 11.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Solvent-Borne |
| 11.2.2.Water-Borne |
| 11.2.3.Powder |
| 11.3. Layer Types Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.E-Coat |
| 11.3.2.Primer |
| 11.3.3.Base Coat |
| 11.3.4.Clear Coat |
| 11.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.OEM |
| 11.4.2.Refinish |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 12. Asia Pacific (APAC) Automotive Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Polyurethane |
| 12.1.2.Epoxy |
| 12.1.3.Acrylic |
| 12.1.4.Other resin types |
| 12.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Solvent-Borne |
| 12.2.2.Water-Borne |
| 12.2.3.Powder |
| 12.3. Layer Types Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.E-Coat |
| 12.3.2.Primer |
| 12.3.3.Base Coat |
| 12.3.4.Clear Coat |
| 12.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.OEM |
| 12.4.2.Refinish |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13. Middle East and Africa (MEA) Automotive Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Polyurethane |
| 13.1.2.Epoxy |
| 13.1.3.Acrylic |
| 13.1.4.Other resin types |
| 13.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Solvent-Borne |
| 13.2.2.Water-Borne |
| 13.2.3.Powder |
| 13.3. Layer Types Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.E-Coat |
| 13.3.2.Primer |
| 13.3.3.Base Coat |
| 13.3.4.Clear Coat |
| 13.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.OEM |
| 13.4.2.Refinish |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14. Latin America Automotive Coatings Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. Resin Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Polyurethane |
| 14.1.2.Epoxy |
| 14.1.3.Acrylic |
| 14.1.4.Other resin types |
| 14.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Solvent-Borne |
| 14.2.2.Water-Borne |
| 14.2.3.Powder |
| 14.3. Layer Types Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.E-Coat |
| 14.3.2.Primer |
| 14.3.3.Base Coat |
| 14.3.4.Clear Coat |
| 14.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.OEM |
| 14.4.2.Refinish |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Akzo Nobel N.V. (Netherlands) |
| 15.2.2.Arkema SA (France) |
| 15.2.3.Axalta Coating Systems (U.S.) |
| 15.2.4.BASF SE (Germany) |
| 15.2.5.Bayer AG (Germany). |
| 15.2.6.Berger Paints India Limited (India) |
| 15.2.7.Cabot Corporation (U.S.) |
| 15.2.8.Clariant (Switzerland) |
| 15.2.9.Jotun (Norway) |
| 15.2.10.Kansai Paint Co., Ltd. (Japan) |
| 15.2.11.Koninklijke DSM N.V. (Netherlands) |
| 15.2.12.Nippon Paint Holdings Co., Ltd. (Japan) |
| 15.2.13.PPG Industries, Inc. (U.S.) |
| 15.2.14.The Sherwin-Williams Company (U.S.) |
| 15.2.15.The Valspar Corporation (U.S.) |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
- Akzo Nobel N.V. (Netherlands)
- Arkema SA (France)
- Axalta Coating Systems (U.S.)
- BASF SE (Germany)
- Bayer AG (Germany).
- Berger Paints India Limited (India)
- Cabot Corporation (U.S.)
- Clariant (Switzerland)
- Jotun (Norway)
- Kansai Paint Co., Ltd. (Japan)
- Koninklijke DSM N.V. (Netherlands)
- Nippon Paint Holdings Co., Ltd. (Japan)
- PPG Industries, Inc. (U.S.)
- The Sherwin-Williams Company (U.S.)
- The Valspar Corporation (U.S.)