PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1468707
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1468707
Automotive Paints and Coatings Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024-2030)
Key Highlights
The automotive paints and coatings market generated a value of USD 18.8 billion in 2023, which will increase to USD 32.2 billion, powering at an 8.0% compound annual growth rate, by 2030.
Polyurethane paints and coatings are extensively used because of their long lifespan as well as rust-prevention properties.
Polyurethane coatings and resins, apart from metallic surfaces, are also used on concrete and wood.
These products are accepted for their robust protective layer, which enhances the durability of the coated surface by decreasing the impact of scratches, chemicals, and environmental changes.
Due to their strength and flexibility, they are exceptionally beneficial for harsh weather situations like in personal vehicles and marine structures.
The automotive sector has been affected by the rising need of customers for environment-friendly and sustainable coating, which is encouraging companies to adapt.
The necessity to tackle the ecological problems because of conventional paints and coatings is a major reason the automotive sector is changing to environment-friendly and robust paints & coatings.
To decrease the hazard of heavy metal poisoning in the repainting workforce, environment-friendly, water-based paints with no or less lead are being produced.
Automotive paints & coatings are therefore being developed with the lead content ranging from 0.00025-107.928 mg/g.
Market Insights
APAC was the largest contributor to the industry in 2023, with a 55% share, and it is also likely to advance at an 8.5% compound annual growth rate during this decade.
The environmental policies employed in the wake of the critical air quality in regional cities are boosting the need for environment-friendly paints & coatings.
Electrocoat led the industry in 2023, generating more than USD 8.5 billion, and it will continue this trend throughout this decade. This layer offers many advantages, such as uniform covering, less wastage, and rust resistance.
Waterborne technology accounted for the largest share of the industry in 2023, of approximately 50%, and it will remain the largest in the coming years. These formulations are environment-friendly and comprise nearly no VOC; therefore, they can decrease air pollution.
The polyurethane category was the largest contributor in 2023, with approximately 45% share. Polyurethane is weather-resistant, enabling it to protect the automobile from moisture, snow, heat, and hail.
In the automotive sector, polyurethane is extensively employed for interior components, exterior and interior cladding, production of gaskets and seals, protective coatings, and more.
Metallic texture led the industry in 2023, as it offers a polished and refined appearance. Not only does the metallic texture enhance the look of an automobile by giving it a superior look, but it also defends the automobile from severe weather.
The passenger cars category was the largest contributor to the industry. With the rising need for passenger cars, the requirement for paints and coatings is also surging, as car owners want a unique look.
The automotive paints and coatings industry is highly competitive because of the presence of numerous global and local companies. New companies are entering continuously, which leads to many problems for the existing players and opportunities for new players.
In this competitive industry, players often invest in better-quality products, customer service, and innovations.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by layer
- 1.4.2. Market size breakdown, by technology
- 1.4.3. Market size breakdown, by resin type
- 1.4.4. Market size breakdown, by texture
- 1.4.5. Market size breakdown, by vehicle
- 1.4.6. Market size breakdown, by region
- 1.4.7. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Layer (2017-2030)
- 6.3. Market Revenue, by Technology (2017-2030)
- 6.4. Market Revenue, by Resin Type (2017-2030)
- 6.5. Market Revenue, by Texture (2017-2030)
- 6.6. Market Revenue, by Vehicle (2017-2030)
- 6.7. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Layer (2017-2030)
- 7.3. Market Revenue, by Technology (2017-2030)
- 7.4. Market Revenue, by Resin Type (2017-2030)
- 7.5. Market Revenue, by Texture (2017-2030)
- 7.6. Market Revenue, by Vehicle (2017-2030)
- 7.7. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Layer (2017-2030)
- 8.3. Market Revenue, by Technology (2017-2030)
- 8.4. Market Revenue, by Resin Type (2017-2030)
- 8.5. Market Revenue, by Texture (2017-2030)
- 8.6. Market Revenue, by Vehicle (2017-2030)
- 8.7. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Layer (2017-2030)
- 9.3. Market Revenue, by Technology (2017-2030)
- 9.4. Market Revenue, by Resin Type (2017-2030)
- 9.5. Market Revenue, by Texture (2017-2030)
- 9.6. Market Revenue, by Vehicle (2017-2030)
- 9.7. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Layer (2017-2030)
- 10.3. Market Revenue, by Technology (2017-2030)
- 10.4. Market Revenue, by Resin Type (2017-2030)
- 10.5. Market Revenue, by Texture (2017-2030)
- 10.6. Market Revenue, by Vehicle (2017-2030)
- 10.7. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Layer (2017-2030)
- 11.3. Market Revenue, by Technology (2017-2030)
- 11.4. Market Revenue, by Resin Type (2017-2030)
- 11.5. Market Revenue, by Texture (2017-2030)
- 11.6. Market Revenue, by Vehicle (2017-2030)
- 11.7. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Layer (2017-2030)
- 12.3. Market Revenue, by Technology (2017-2030)
- 12.4. Market Revenue, by Resin Type (2017-2030)
- 12.5. Market Revenue, by Texture (2017-2030)
- 12.6. Market Revenue, by Vehicle (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Layer (2017-2030)
- 13.3. Market Revenue, by Technology (2017-2030)
- 13.4. Market Revenue, by Resin Type (2017-2030)
- 13.5. Market Revenue, by Texture (2017-2030)
- 13.6. Market Revenue, by Vehicle (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Layer (2017-2030)
- 14.3. Market Revenue, by Technology (2017-2030)
- 14.4. Market Revenue, by Resin Type (2017-2030)
- 14.5. Market Revenue, by Texture (2017-2030)
- 14.6. Market Revenue, by Vehicle (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Layer (2017-2030)
- 15.3. Market Revenue, by Technology (2017-2030)
- 15.4. Market Revenue, by Resin Type (2017-2030)
- 15.5. Market Revenue, by Texture (2017-2030)
- 15.6. Market Revenue, by Vehicle (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Layer (2017-2030)
- 16.3. Market Revenue, by Technology (2017-2030)
- 16.4. Market Revenue, by Resin Type (2017-2030)
- 16.5. Market Revenue, by Texture (2017-2030)
- 16.6. Market Revenue, by Vehicle (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Layer (2017-2030)
- 17.3. Market Revenue, by Technology (2017-2030)
- 17.4. Market Revenue, by Resin Type (2017-2030)
- 17.5. Market Revenue, by Texture (2017-2030)
- 17.6. Market Revenue, by Vehicle (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Layer (2017-2030)
- 18.3. Market Revenue, by Technology (2017-2030)
- 18.4. Market Revenue, by Resin Type (2017-2030)
- 18.5. Market Revenue, by Texture (2017-2030)
- 18.6. Market Revenue, by Vehicle (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Layer (2017-2030)
- 19.3. Market Revenue, by Technology (2017-2030)
- 19.4. Market Revenue, by Resin Type (2017-2030)
- 19.5. Market Revenue, by Texture (2017-2030)
- 19.6. Market Revenue, by Vehicle (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Layer (2017-2030)
- 20.3. Market Revenue, by Technology (2017-2030)
- 20.4. Market Revenue, by Resin Type (2017-2030)
- 20.5. Market Revenue, by Texture (2017-2030)
- 20.6. Market Revenue, by Vehicle (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Layer (2017-2030)
- 21.3. Market Revenue, by Technology (2017-2030)
- 21.4. Market Revenue, by Resin Type (2017-2030)
- 21.5. Market Revenue, by Texture (2017-2030)
- 21.6. Market Revenue, by Vehicle (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Layer (2017-2030)
- 22.3. Market Revenue, by Technology (2017-2030)
- 22.4. Market Revenue, by Resin Type (2017-2030)
- 22.5. Market Revenue, by Texture (2017-2030)
- 22.6. Market Revenue, by Vehicle (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Layer (2017-2030)
- 23.3. Market Revenue, by Technology (2017-2030)
- 23.4. Market Revenue, by Resin Type (2017-2030)
- 23.5. Market Revenue, by Texture (2017-2030)
- 23.6. Market Revenue, by Vehicle (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Layer (2017-2030)
- 24.3. Market Revenue, by Technology (2017-2030)
- 24.4. Market Revenue, by Resin Type (2017-2030)
- 24.5. Market Revenue, by Texture (2017-2030)
- 24.6. Market Revenue, by Vehicle (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Layer (2017-2030)
- 25.3. Market Revenue, by Technology (2017-2030)
- 25.4. Market Revenue, by Resin Type (2017-2030)
- 25.5. Market Revenue, by Texture (2017-2030)
- 25.6. Market Revenue, by Vehicle (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Layer (2017-2030)
- 26.3. Market Revenue, by Technology (2017-2030)
- 26.4. Market Revenue, by Resin Type (2017-2030)
- 26.5. Market Revenue, by Texture (2017-2030)
- 26.6. Market Revenue, by Vehicle (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Layer (2017-2030)
- 27.3. Market Revenue, by Technology (2017-2030)
- 27.4. Market Revenue, by Resin Type (2017-2030)
- 27.5. Market Revenue, by Texture (2017-2030)
- 27.6. Market Revenue, by Vehicle (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Layer (2017-2030)
- 28.3. Market Revenue, by Technology (2017-2030)
- 28.4. Market Revenue, by Resin Type (2017-2030)
- 28.5. Market Revenue, by Texture (2017-2030)
- 28.6. Market Revenue, by Vehicle (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. PPG Industries Inc.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Akzo Nobel N.V.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. AXALTA COATING SYSTEMS LLC
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. BASF SE
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. The Sherwin-Williams Company
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Kansai Paint Co. Ltd.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Nippon Paint Holdings Co. Ltd.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. 3M Company
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. KCC Corporation
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Valspar
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Berger Paints Ltd.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
