Global Automotive Coatings Market Share - By Resin Type (Acrylic, Polyurethane, Epoxy, Others (Saturated Polyester Resin, etc.)), By Technology (Water-Borne, Solvent-Borne, Powder Coating, UV-Cured Co... ... Coating, UV-Cured Coatings), By Product (Primer, Electrocoat, Basecoat, Clearcoat), By Application (Plastic Parts, Metal Parts), By End-User (Automotive Body Shops and Repair Centers, Light Vehicle OEM, Commercial Vehicle OEM), and Others Read more
- Chemicals
- Apr 2025
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Market Definition
Automotive Coatings are specialized formulations that are applied to vehicles to protect their surfaces and enhance their aesthetic appeal. These coatings make the automobiles corrosion-protected, UV-resistant, scratch-resistant, and have color retention maintaining its visual appeal.
Market Insights & Projections: Global Automotive Coatings Market (2025-30):
The Global Automotive Coatings Market size was valued at USD 14.5 billion in 2023 and is projected to reach USD19.8 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.44% during the forecast period, i.e., 2025-30.
The factors attributing to the surge in demand for automotive coatings solutions are the increasing customer awareness to guard their vehicle against rust, water, and snow. Along with this, customers nowadays are ensuring that their automobiles get proper maintenance and look eye-pleasing. Furthermore, the top companies are introducing unique cost-effective, and high-performance coating solutions. These innovative solutions help in minimizing volatile emissions. Thus, the growing focus of individuals towards reducing VOC emissions is further supporting market growth.
Moreover, several countries such as China, India, Brazil, etc., are registering growth in the automotive industry due to the mounting automobile sales. These nations are witnessing an increase in vehicle ownership rates due to factors such as urbanization, increasing disposable incomes, etc. The growing demand for vehicles has led automotive companies to expand their production capacities. As per the International Organization of Motor Vehicle Manufacturers, motor vehicle production across the globe increased from around 80 million in 2021 to around 93 million in 2023. This rise in automotive production is resulting in a higher demand for coating solutions since they are applied onto the vehicle's surface to ensure better finishing.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2020-23 |
| Base Year: 2024 | |
| Forecast Period: 2025-30 | |
| CAGR (2025-2030) | 4.44% |
| Regions Covered | North America: US, Canada, Mexico |
| Europe: Germany, The UK, France, Spain, Italy, Rest of Europe | |
| Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific | |
| South America: Brazil, Argentina, Rest of South America | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA | |
| Key Companies Profiled | BASF SE, Axalta Coating Systems, PPG Industries, Inc., Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd., The Valspar Corporation, KCC Corporation, The Sherwin-Williams Company, Akzonobel N.V., Covestro AG, Arkema SA, Cabot Corporation, Clariant AG, Lord Corporation, Solvay S.A etc. |
| Market Value In (2023) | USD 14.5 Billion |
| Market Value By (2030) | USD19.8 Billion |
Further, the official authorities across the globe are laying regulations regarding the presence of harmful compounds in these formulations. As a result, the top market players are now primarily focusing on developing advanced coating technologies that comply with the upgraded standards.
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Global Automotive Coatings Market Trends & Development
- Global Automotive Coatings Market Dynamics
- Drivers
- Challenges
- Global Automotive Coatings Market Regulations, Policies & Standards
- Global Automotive Coatings Market Hotspot & Opportunities
- Global Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Product
- Primer- Market Size & Forecast 2020-2030F (Thousand Tons)
- E-coat- Market Size & Forecast 2020-2030F (Thousand Tons)
- Basecoat- Market Size & Forecast 2020-2030F (Thousand Tons)
- Clearcoat- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Technology
- Waterborne Coatings- Market Size & Forecast 2020-2030F (Thousand Tons)
- Solventborne Coatings- Market Size & Forecast 2020-2030F (Thousand Tons)
- Powder Coatings- Market Size & Forecast 2020-2030F (Thousand Tons)
- UV-Cured Coatings- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Resin Type
- Polyurethane- Market Size & Forecast 2020-2030F (Thousand Tons)
- Epoxy- Market Size & Forecast 2020-2030F (Thousand Tons)
- Acrylic- Market Size & Forecast 2020-2030F (Thousand Tons)
- Others- Market Size & Forecast 2020-2030F (Thousand Tons)
- By End-Users
- OEMs- Market Size & Forecast 2020-2030F (Thousand Tons)
- Refinish- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Application
- Plastic-Parts
- Metal-Parts
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
- By Company
- Competition Characteristics
- Market Share of Leading Companies
- By Product
- Market Size & Analysis
- North America Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Product- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Resin Type- Market Size & Forecast 2020-2030F (Thousand Tons)
- End User- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Country
- The US
- Canada
- Mexico
- The US Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- Canada Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- Mexico Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- Market Size & Analysis
- South America Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Product- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Resin Type- Market Size & Forecast 2020-2030F (Thousand Tons)
- End User- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Country
- Brazil
- Argentina
- Rest of South America
- Brazil Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- Argentina Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- Market Size & Analysis
- Europe Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Product- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Resin Type- Market Size & Forecast 2020-2030F (Thousand Tons)
- End User- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Country
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- The UK Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- Germany Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- France Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- Italy Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- Spain Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- Market Size & Analysis
- The Middle East & Africa Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Product- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Resin Type- Market Size & Forecast 2020-2030F (Thousand Tons)
- End User- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Country
- Saudi Arabia
- The UAE
- South Africa
- Rest of the Middle East & Africa
- Saudi Arabia Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- The UAE Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- South Africa Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- Market Size & Analysis
- Asia Pacific Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Product- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Resin Type- Market Size & Forecast 2020-2030F (Thousand Tons)
- End User- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- China Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- Japan Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- India Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- South Korea Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- Australia Automotive Coatings Market Analysis, 2020-2030F
- Market Size & Analysis
- Revenues (USD Million)
- By Quantity Sold (Thousand Tons)
- Market Share & Analysis
- By Technology- Market Size & Forecast 2020-2030F (Thousand Tons)
- Market Size & Analysis
- Market Size & Analysis
- Global Automotive Coatings Market Strategic Imperatives for Success & Growth
- Competitive Outlook
- Company Profiles
- BASF SE
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Axalta Coating Systems
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- PPG Industries, Inc.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Kansai Paint Co. Ltd.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Nippon Paint Holdings Co., Ltd.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- The Valspar Corporation
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- KCC Corporation
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- The Sherwin-Williams Company
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Akzonobel N.V.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Jotun A/S
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Bayer AG
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Arkema SA
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Beckers Industrial Coatings Ltd.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Cabot Corporation
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Berger Paints India Ltd.
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- BASF SE
- Company Profiles
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
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3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making