Car Clear Coat Market, By Product Type, By Resin Type, By Substrate, By Application Method, By Finish Type, By Geography

Description

The global car clear coat market is estimated to be valued at USD 25.83 Bn in 2024 and is expected to reach USD 46.51 Bn by 2031, growing at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 25.83 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	8.80%	2031 Value Projection:	US$ 46.51 Bn

Figure. Car Clear Coat Market Share (%), By Region, 2024

The global car clear coat market has witnessed significant growth in the last few years due to the increasing demand for gloss finish and scratch resistance properties in automobiles. Car clear coat, also known as clear paint, acts as a protective topcoat for the color coat and provides UV protection, gloss, and longevity to car surfaces. Advancements in clear coat technologies have led to the development of more durable and scratch-resistant clear coats that enhance the aesthetic appeal and lifespan of vehicles. Moreover, growing automobile production and sales worldwide on the back of rising disposable incomes are stimulating the use of clear coats. Stringent environmental norms have also pushed manufacturers to introduce eco-friendly waterborne clear coats. With technological innovations and expanding application scope across diverse vehicle segments, the car clear coat market is anticipated to thrive substantially in the coming years.

Market Dynamics:

Rising automotive production, growing emphasis on automotive appearance, and shifting preference towards UV protected clear coats are fueling the demand for car clear coats globally. However, higher costs compared to conventional solvent borne clear coats and stringent environmental regulations regarding VOC emissions can hamper the market growth. On the other hand, emergence of innovative waterborne clear coat technologies and expanding application of clear coats in refinish coatings present significant opportunities for manufacturers. New product development and capacity expansions by industry players coupled with growing demand from emerging economies like India and China are likely to boost the car clear coat market during the forecast period.

Key Features of the Study:

This report provides an in-depth analysis of the global car clear coat market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global car clear coat market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include PPG Industries, Inc., Axalta Coating Systems LLC, BASF SE, Sherwin-Williams Company, Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd., Akzo Nobel N.V., 3M Company, KCC Corporation, Noroo Holdings Co., Ltd., Valspar Corporation, Jotun Group, Hempel A/S, Carpoly Chemical Group Co., Ltd., and Guangdong Maydos Building Materials Limited Company
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global car clear coat market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global car clear coat market

Detailed Segmentation-

By Product Type:
- Solvent-based Clear Coat
- Water-based Clear Coat
- UV-cured Clear Coat
By Resin Type:
- Acrylic Clear Coat
- Polyurethane Clear Coat
- Polyester Clear Coat
- Epoxy Clear Coat
- Others
By Substrate:
- Metal Substrate
- Plastic Substrate
- Composite Substrate
- Others
By Application Method:
- Spray Gun Application
- Brush/Roller Application
- Aerosol Can Application
By Finish Type:
- Gloss Clear Coat
- Matte Clear Coat
- Satin Clear Coat
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- PPG Industries, Inc.
- Axalta Coating Systems LLC
- BASF SE
- Sherwin-Williams Company
- Nippon Paint Holdings Co., Ltd.
- Kansai Paint Co., Ltd.
- Akzo Nobel N.V.
- 3M Company
- KCC Corporation
- Noroo Holdings Co., Ltd.
- Valspar Corporation
- Jotun Group
- Hempel A/S
- Carpoly Chemical Group Co., Ltd.
- Guangdong Maydos Building Materials Limited Company

Product Code: CMI5824

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Resin Type
- Market Snippet, By Substrate
- Market Snippet, By Application Method
- Market Snippet, By Finish Type
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Car Clear Coat Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Car Clear Coat Market
Impact Analysis

5. Global Car Clear Coat Market, By Product Type, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Solvent-based Clear Coat
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Water-based Clear Coat
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
UV-cured Clear Coat
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Car Clear Coat Market, By Resin Type, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Acrylic Clear Coat
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Polyurethane Clear Coat
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Polyester Clear Coat
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Epoxy Clear Coat
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Car Clear Coat Market, By Substrate, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Metal Substrate
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Plastic Substrate
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Composite Substrate
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

8. Global Car Clear Coat Market, By Application Method, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Spray Gun Application
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Brush/Roller Application
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Aerosol Can Application
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

9. Global Car Clear Coat Market, By Finish Type, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Gloss Clear Coat
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Matte Clear Coat
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Satin Clear Coat
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

10. Global Car Clear Coat Market, By Region, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Resin Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Substrate, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application Method, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Finish Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - U.S.
  - Canada
  - Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn & KT))
- Market Size and Forecast, By Resin Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Substrate, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application Method, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Finish Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Resin Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Substrate, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application Method, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Finish Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Resin Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Substrate, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application Method, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Finish Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Resin Type, 2019 - 2031 (US$ Bn & KT)
- Market Size and Forecast, By Substrate, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application Method, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Finish Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

11. Competitive Landscape

Market Share Analysis
Company Profiles
- PPG Industries, Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Axalta Coating Systems LLC
- BASF SE
- Sherwin-Williams Company
- Nippon Paint Holdings Co., Ltd.
- Kansai Paint Co., Ltd.
- Akzo Nobel N.V.
- 3M Company
- KCC Corporation
- Noroo Holdings Co., Ltd.
- Valspar Corporation
- Jotun Group
- Hempel A/S
- Carpoly Chemical Group Co., Ltd.
- Guangdong Maydos Building Materials Limited Company

12. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

13. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Car Clear Coat Market" - Global forecast to 2031.