Global Automotive Coatings Market Overview: 2025-2030
Base Year: 2024
Historical Years: 2020–23
Forecast Years: 2025-2030
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.
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Global Automotive Coatings Market Dynamics: 2025-2030
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.
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Global Automotive Coatings Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
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
Of them, the metal parts segment holds a major market share owing to the rising application and consumption of metals for the production of automobiles.
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Geographically, the Asia-Pacific holds a prominent market share owing to the higher number of automobiles & manufacturers in the region.
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Top Companies Operating in the Global 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.
Industry Recent Development:
- 2024: BASF SE announced the expansion of its e-coat production facility in Mangalore, India. E-coat is used to secure a car’s body from corrosion.
- 2023: PPG Industries., announced the launch of GLADIATOR XC Matte Extreme coating which is a low-gloss urethane protective coating that can be utilized in various industries including automotive.
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