Automotive Coatings Product Market Report – 2025 Outlook, Trends, Share, Size & Forecast
MarkNtel Advisors has unveiled its latest research report on the Automotive Coatings Market, providing an in-depth analysis of market dynamics, growth prospects, and competitive landscape. This report serves as a valuable resource for stakeholders aiming to capitalize on emerging opportunities and navigate potential challenges in the Automotive Coatings industry.
Automotive Coatings Market Size: 2025 Outlook
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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📘 Scope of the Report
- Forecasts till 2030 with year-wise market breakdown
- Geographical and segment-level analysis
- Company profiles and strategic insights
- Key market drivers and restraints
- Analysis of market trends and investment opportunities
What’s Driving the Market?
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.
What’s Holding Back Growth?
Fluctuations in Raw Material Prices Restrain Market Growth – The cost of coatings has spiked substantially since the price of raw material procurement has risen substantially. The majority of the raw materials used for the coating production are petrochemical-based. Thus, the ongoing volatility of the crude oil prices is directly impacting the coatings' prices. Along with this, the accessibility and demand-supply dynamics of key raw materials such as pigments, additives, etc., have been impacted due to the trade tensions between nations such as India & China. Therefore, the manufacturers in these regions have been adversely impacted. Additionally, the geopolitical tensions and economic instability in the major raw material-producing countries such as Iran, Russia, etc., have led to disturbance in the supply chain and compelled the top companies to increase their selling price. Thus, consumers with limited financial resources are refraining from changing their automotive pigments for longer duration, hindering market growth.
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Automotive Coatings Market Segmentation
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
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
🏢 Industry Leaders: Who’s Dominating the Automotive Coatings Market?
The market is highly competitive, with players launching innovation-driven products and investing in strategic partnerships. Key participants include:
- 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.
These companies are focused on health-based R&D, expansion, and functional ingredient diversification.
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🧠 Frequently Asked Questions (FAQs)
- What are the main drivers of the Automotive Coatings market?
- Which segment leads the Automotive Coatings industry?
- What regulatory challenges impact product development?
- Who are the top players in the Automotive Coatings industry?
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