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Report Overview
The global automotive coating market attained a value of nearly USD 28.72 billion in 2023. The market is further expected to grow at a CAGR of 5.80% during the forecast period of 2024-2032 to reach a value of USD 47.70 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
BASF SE, headquartered in Germany and founded in 1865, is one of the largest chemical producers in the world. Among the products manufactured, marketed, and sold by this company are chemicals, crop protection products, polymers, and performance goods. Their business segments include, Chemicals, Nutrition and Care, Industrial Solutions, Materials, Agricultural Solutions and Surface Technologies.
PPG Industries, Inc., a global producer of paints, coatings, and specialty materials, is headquartered in Pennsylvania in the United States. The company provides goods for a variety of global industries, including manufacturing, building, automotive, chemical processing, and others. Additionally, it produces flat glass, fabricated glass goods, continuous-strand fibre glass products, industrial and specialty chemicals, protective and decorative coatings, and other glass products.
Kansai Paint Co., Ltd, founded in 1918 with its headquarters in Japan, produces and markets a variety of paints and related goods. Products from the company are utilised in ships, construction, and vehicles. It also oversees and performs painting projects in addition to designing, producing, and selling coating equipment.
Other market players include Nippon Paint Holdings Co., Ltd. and KCC Corporation, among others.
Automotive Coating Market Report Snapshots
Automotive Coating Market Size
Automotive Coating Market Analysis
Automotive Coating Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market for automotive coating is projected to grow at a CAGR of 5.80% between 2024 and 2032.
The automotive coating market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 47.70 billion by 2032.
The major drivers of the market include the technological developments in coatings, increasing per capita income, increasing vehicle use, and growing sales of pre-owned vehicles.
Increasing vehicle production and expansion of vehicle repair and body shops are the key trends propelling the growth of the market.
The major regions in the market for automotive coatings are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The market on the basis of coat type can be segmented into internal coating, external coating, e-coat, primer, basecoat, and clearcoat, among others.
The major players in the industry are BASF SE, PPG Industries, Inc., Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd., and KCC Corporation, among others.
Automotive coatings can be used to provide protection to an automotive component, or to increase the aesthetic appeal of the vehicle.
The different resin types in the market for automotive coatings include polyurethane, epoxy, and acrylic, among others.
The various technologies in the market include solvent-borne, water-borne, and powder coating, among others.
In 2023, the market reached an approximate value of USD 28.72 billion.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124