Global Automotive Coatings Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Automotive Coatings Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Resin Type (Polyurethane, Epoxy, Acrylic, and Other Resin Types), Technology (Solvent-borne, Water-borne, and Powder), Layer (E-coat, Primer, Base Coat, and Clear Coat), Application (OEM, and Refinish), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
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.