Market Overview

The Global Automotive Coatings Market was valued at USD 20,170.6 million in 2023 and is expected to reach USD 35,178.6 million by 2031 while growing at a CAGR of 7.2% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global automotive coatings market growth. Automotive coatings, specialized paints applied to vehicles like cars, trucks, and motorcycles, serve to enhance aesthetics, protect against environmental factors, and improve durability. Crucial in manufacturing and maintenance, these coatings contribute to vehicle longevity, corrosion resistance, and overall performance.

Increasing vehicle production and rising consumer demand for aesthetics and durability drive the growth of the automotive coatings market. However, obstacles such as environmental regulations and compliance costs, along with fluctuating raw material prices, may hinder market expansion.

Furthermore, the global automotive coatings industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Resin Type Analysis

The Global Automotive Coatings Market is segmented among Polyurethane, Epoxy, Acrylic, and Other Resin Types, based on Resin Type. In 2023, Acrylic accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Technology Analysis

The Global Automotive Coatings Market is segmented among Solvent-borne, Water-borne, and Powder, based on Technology. In 2023, Solvent-borne accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Automotive Coatings Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are BASF SE, Akzo Nobel NV, Axalta Coating Systems Ltd., Beckers Group, Bollig & Kemper, Cabot Corporation, Eastman Chemical Company, HMG Paints Limited, Jotun, Kansai Nerolac Paints Limited, and KCC Corporation.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Automotive Coatings Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Automotive Coatings Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Automotive Coatings Market Segmentation, By Resin Type  

• Global Automotive Coatings Market Share Analysis, By Resin Type  

• Global Automotive Coatings Market Growth Analysis, By Resin Type  

• Global Automotive Coatings Market Trends, By Resin Type  

o Polyurethane

o Epoxy

o Acrylic

o Other Resin Types

6. Global Automotive Coatings Market Segmentation, By Technology

• Global Automotive Coatings Market Share Analysis, By Technology

• Global Automotive Coatings Market Growth Analysis, By Technology

• Global Automotive Coatings Market Trends, By Technology

o Solvent-borne

o Water-borne

o Powder

7. Global Automotive Coatings Market Segmentation, By Layer

• Global Automotive Coatings Market Share Analysis, By Layer

• Global Automotive Coatings Market Growth Analysis, By Layer

• Global Automotive Coatings Market Trends, By Layer

o E-coat

o Primer

o Base Coat

o Clear Coat

8. Global Automotive Coatings Market Segmentation, By Application

• Global Automotive Coatings Market Share Analysis, By Application

• Global Automotive Coatings Market Growth Analysis, By Application

• Global Automotive Coatings Market Trends, By Application

o OEM

o Refinish

9. Global Automotive Coatings Market Segmentation, By Region

• Global Automotive Coatings Market Share Analysis, By Region

• Global Automotive Coatings Market Growth Analysis, By Region

• Global Automotive Coatings Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

10. Competitive Landscape

• BASF SE.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Akzo Nobel NV

• Axalta Coating Systems Ltd.

• Beckers Group

• Bollig & Kemper

• Cabot Corporation

• Eastman Chemical Company

• HMG Paints Limited

• Jotun

• Kansai Nerolac Paints Limited

• KCC Corporation

 *Similar analysis will be provided for each company listed above.