Market Insights and Analysis: Global Automotive Coatings Market Overview and Projections (2024-2030)

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., 2024-30.

Top leading companies in the Global Automotive Coatings Market includes:

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.

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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Report Segmentation:

The market is categorized into the following segments in the report:

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.

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Global Automotive Coatings Market Geographic Reach:

The Geographic Reach of the Global Automotive Coatings Market evaluates the spread and significance of Global Automotive Coatings market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.

·         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.

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