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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Automotive Paints Market: By Technology, By Resin Type, By Texture, By Paint Type, By Vehicle Type and Geography
Automotive Paints Market: By Technology, By Resin Type, By Texture, By Paint Type, By Vehicle Type and Geography
Automotive Paints Market size was valued at US$ 10.8 billion in 2023 and is expected to reach 16.2 billion by 2030, at a CAGR of 6.2% from 2024 to 2030. Some of the key factors influencing the market growth include strict emission regulations & environmental concerns, advanced paint technologies, changing buyer preferences, high growth in emerging economies and increasing demand for vehicles worldwide. The global automotive paints market is expected to witness a surge in demand over the forecast period owing to factors such as stringent government regulations and increasing environmental awareness. The automotive paints market is emerging in terms of color options, durability, and reliability. Automotive paints act as a protective coat and provide an ambient appearance, which is expected to accelerate the market growth over the next six years. Various regulations regarding non-VOC paints have triggered the automotive paints market demand leading to the introduction of waterborne coats, which are expected to replace solvent-borne coats. Advanced coating solutions are manufactured and delivered by the automotive paint companies to the vehicle manufacturers owing to the extreme government regulations.
These innovations reduce the overall cost and time required per vehicle unit through controlled paint shop emissions, which is expected to spur basecoats demand in the automotive paints market. The report studies market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
Study Period
2024-2030Base Year
2023CAGR
6.2%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
The environmental impact of paint is diverse. Traditional painting materials and processes can have harmful effects on the environment, including those from the use of lead and other additives. Measures should be taken to reduce environmental impact, including accurately estimating paint quantities so waste is minimized, and use of environmentally preferred paints, coating, painting accessories, and techniques. The primary source of hazardous waste from automotive plants is again from paint processes. Although much material is recovered, this waste is typically around 25 percent of a plant's total hazardous waste by weight.
Asia Pacific accounted for larger revenue share in global Automotive Paints market with considerable CAGR. Asia Pacific is expected to be the dominant region for the market owing to the largest production and sales of automobiles in this region. The growth in this region is mainly attributed to increasing demand for automobiles, rising per capita income and purchasing power of consumers. India and China were the largest revenue contributors in this region. Global automotive paints market has been witnessing robust growth over the past few years owing to increase vehicle production in countries including China, India and Japan along with the aging of vehicles.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 10.8 billion |
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Market CAGR |
6.2% |
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By Technology |
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By Resin Type |
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By Paint Type |
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By Vehicle Type |
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Download Free Sample Report
The automotive paints market size was valued at US$ 10.8 billion in 2023
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 1. Executive Summary |
| 2. Global Automotive Paints Market Introduction |
| 2.1.Global Automotive Paints Market - Taxonomy |
| 2.2.Global Automotive Paints Market - Definitions |
| 2.2.1.Technology |
| 2.2.2.Resin Type |
| 2.2.3.Paint Type |
| 2.2.4.Vehicle Type |
| 2.2.5.Region |
| 3. Global Automotive Paints 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 Paints 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 Paints Market By Technology, 2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million) |
| 5.1. Waterborne |
| 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. Solvent-Borne |
| 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. Powder Coating |
| 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 |
| 6. Global Automotive Paints Market By Resin Type, 2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million) |
| 6.1. Epoxy |
| 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. Acrylic |
| 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. Polyurethane |
| 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 |
| 6.4. Other Resins |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Automotive Paints Market By Paint Type, 2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million) |
| 7.1. Primer |
| 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. Basecoat |
| 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. Electrocoat |
| 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. Clearcoat |
| 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 Paints Market By Vehicle Type, 2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million) |
| 8.1. Passenger Car |
| 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. Commercial Vehicle OEM |
| 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 |
| 8.3. Light Vehicle OEM |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Others |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Automotive Refinish (Aftermarket) |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. Global Automotive Paints 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 Paints Market ,2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million) |
| 10.1. Technology Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Waterborne |
| 10.1.2.Solvent-Borne |
| 10.1.3.Powder Coating |
| 10.2. Resin Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Epoxy |
| 10.2.2.Acrylic |
| 10.2.3.Polyurethane |
| 10.2.4.Other Resins |
| 10.3. Paint Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Primer |
| 10.3.2.Basecoat |
| 10.3.3.Electrocoat |
| 10.3.4.Clearcoat |
| 10.4. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Passenger Car |
| 10.4.2.Commercial Vehicle OEM |
| 10.4.3.Light Vehicle OEM |
| 10.4.4.Others |
| 10.4.5.Automotive Refinish (Aftermarket) |
| 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 Paints Market ,2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million) |
| 11.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Waterborne |
| 11.1.2.Solvent-Borne |
| 11.1.3.Powder Coating |
| 11.2. Resin Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Epoxy |
| 11.2.2.Acrylic |
| 11.2.3.Polyurethane |
| 11.2.4.Other Resins |
| 11.3. Paint Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Primer |
| 11.3.2.Basecoat |
| 11.3.3.Electrocoat |
| 11.3.4.Clearcoat |
| 11.4. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Passenger Car |
| 11.4.2.Commercial Vehicle OEM |
| 11.4.3.Light Vehicle OEM |
| 11.4.4.Others |
| 11.4.5.Automotive Refinish (Aftermarket) |
| 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 Paints Market, 2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million) |
| 12.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Waterborne |
| 12.1.2.Solvent-Borne |
| 12.1.3.Powder Coating |
| 12.2. Resin Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Epoxy |
| 12.2.2.Acrylic |
| 12.2.3.Polyurethane |
| 12.2.4.Other Resins |
| 12.3. Paint Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Primer |
| 12.3.2.Basecoat |
| 12.3.3.Electrocoat |
| 12.3.4.Clearcoat |
| 12.4. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Passenger Car |
| 12.4.2.Commercial Vehicle OEM |
| 12.4.3.Light Vehicle OEM |
| 12.4.4.Others |
| 12.4.5.Automotive Refinish (Aftermarket) |
| 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 Paints Market ,2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million) |
| 13.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Waterborne |
| 13.1.2.Solvent-Borne |
| 13.1.3.Powder Coating |
| 13.2. Resin Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Epoxy |
| 13.2.2.Acrylic |
| 13.2.3.Polyurethane |
| 13.2.4.Other Resins |
| 13.3. Paint Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Primer |
| 13.3.2.Basecoat |
| 13.3.3.Electrocoat |
| 13.3.4.Clearcoat |
| 13.4. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Passenger Car |
| 13.4.2.Commercial Vehicle OEM |
| 13.4.3.Light Vehicle OEM |
| 13.4.4.Others |
| 13.4.5.Automotive Refinish (Aftermarket) |
| 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 Paints Market, 2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million) |
| 14.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Waterborne |
| 14.1.2.Solvent-Borne |
| 14.1.3.Powder Coating |
| 14.2. Resin Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Epoxy |
| 14.2.2.Acrylic |
| 14.2.3.Polyurethane |
| 14.2.4.Other Resins |
| 14.3. Paint Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Primer |
| 14.3.2.Basecoat |
| 14.3.3.Electrocoat |
| 14.3.4.Clearcoat |
| 14.4. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Passenger Car |
| 14.4.2.Commercial Vehicle OEM |
| 14.4.3.Light Vehicle OEM |
| 14.4.4.Others |
| 14.4.5.Automotive Refinish (Aftermarket) |
| 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) |
| 15.2.1.3M |
| 15.2.2.Valspar (U.S) |
| 15.2.3.Solvay S.A (Belgium) |
| 15.2.4.Royal DSM NV (Netherlands) |
| 15.2.5.PPG Industries (U.S) |
| 15.2.6.Nippon (Japan) |
| 15.2.7.DuPont (U.S) |
| 15.2.8.Clariant A(Switzerland) |
| 15.2.9.Beckers (U.S) |
| 15.2.10.BASF SE (Germany) |
| 15.2.11.Axalta Coatings Systems (Germany) |
| 15.2.12.Akzonobel NV (Netherlands) |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.