Automotive Coatings Market Trend, Size, Companies, Top Player, and Outlook 2024-30

Global Automotive Coatings Market Analysis

MarkNtel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global Automotive Coatings market. The research report on the Automotive Coatings Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.

The report further comprises, “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., 2024-30.

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Global Automotive Coatings Market Drivers:

Extensive Utilization of Passenger Cars Uplifting Market Growth– In recent years, the requirement for automobiles has increased substantially owing to the expansion of ride-hailing services and inclination of the consumers towards cars for intercity & intracity travel. The tourism industry has grown significantly across the globe. This is attributed to the increased focus of various governments to boost the arrival of tourists. The increased tourist arrivals have resulted in higher demand for rental cars as they provide comfort to tourists and are cost-effective if compared to taxis. Hence, there is an increased usage of the passenger car fleet of the companies providing rental car services. Along with this, the consumers in the developed & developing countries are highly using the personal automotive vehicles for daily commuting purposes. This widespread usage of cars deteriorates their outer paint. As a result, consumers are ensuring that their cars undergo regular maintenance including consistent coating furnishing to maintain its aesthetic looks, positively impacting the demand for automotive coatings.

Global Automotive Coatings Market Segment & Geography [2024-30]

The Automotive Coatings market is segmented into significant segments based on Geography.

-By Product

Primer- Market Size & Forecast 2019-2030F (Thousand Tons)
E-coat- Market Size & Forecast 2019-2030F (Thousand Tons)
Basecoat- Market Size & Forecast 2019-2030F (Thousand Tons)
Clearcoat- Market Size & Forecast 2019-2030F (Thousand Tons)

-By Technology

Waterborne Coatings- Market Size & Forecast 2019-2030F (Thousand Tons)
Solventborne Coatings- Market Size & Forecast 2019-2030F (Thousand Tons)
Powder Coatings- Market Size & Forecast 2019-2030F (Thousand Tons)
UV-Cured Coatings- Market Size & Forecast 2019-2030F (Thousand Tons)

-By Resin Type

Polyurethane- Market Size & Forecast 2019-2030F (Thousand Tons)
Epoxy- Market Size & Forecast 2019-2030F (Thousand Tons)
Acrylic- Market Size & Forecast 2019-2030F (Thousand Tons)
Others- Market Size & Forecast 2019-2030F (Thousand Tons)

-By End-Users

OEMs- Market Size & Forecast 2019-2030F (Thousand Tons)
Refinish- Market Size & Forecast 2019-2030F (Thousand Tons)

-By Application

Plastic-Parts
Metal-Parts

Geographical Analysis

-By Region

North America
South America
Europe
Middle East & Africa
Asia Pacific

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Top Companies Essentially Working in Automotive Coatings Market

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.
Jotun A/S
Bayer AG
Arkema SA
Beckers Industrial Coatings Ltd.
Cabot Corporation
Berger Paints India Ltd.
Others

Frequently Asked Questions (FAQs)-

What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
What are the trends influencing the current scenario of the market?
What leading factors would propel and impede the industry across the geography?
How has the industry been evolving in terms of geography & Automotive Coatings adoption?
How has the competition been shaping up across the geography?

Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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