The global automotive coating market attained a value of nearly USD 28.72 Billion in 2024. The market is further expected to grow at a CAGR of 5.80% during the forecast period of 2025-2034 to reach a value of USD 50.47 Billion by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
5.8%
Value in USD Billion
2025-2034
Automotive Coating Market Outlook
*this image is indicative*
| Global Automotive Coating Market Report Summary | Description | Value |
| Base Year | USD Billion | 2024 |
| Historical Period | USD Billion | 2018-2024 |
| Forecast Period | USD Billion | 2025-2034 |
| Market Size 2024 | USD Billion | 28.72 |
| Market Size 2034 | USD Billion | 50.47 |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 5.80% |
| CAGR 2025-2034 - Market by Region | Asia Pacific | 6.7% |
| CAGR 2025-2034 - Market by Country | India | 7.3% |
| CAGR 2025-2034 - Market by Country | China | 6.5% |
| CAGR 2025-2034 - Market by Resin Type | Polyurethane | 6.4% |
| CAGR 2025-2034 - Market by Coat Type | External Coating | 6.6% |
| Market Share by Country 2024 | India | 3.7% |
An automotive coating is a material used as a layer on top of automotive components for protective, decorative, and functional purposes. Important characteristics of these coatings include an excellent elastomeric finish and increased surface hardness. Various types of automotive coatings are available for specific material types such as metals, composites, and polymers. The coatings can be used internally, externally, as primer, basecoat, or clear coat, among others.
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Global Automotive Coating Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Breakup by Resin Type
Breakup by Technology
Breakup by Coat Type
Breakup by Region
Water-borne technology is expected to grow rapidly in the automotive coating market in the forecast period due to its easy availability, high coverage ratio, and low VOC content which help to reduce air radiation. The need for water-based vehicle coatings is rising as a result of the ever-changing environmental standards. While the pigments and binders in water-based coatings are the same as those in solvent-based coatings, their transporting agents are different. Mild co-solvent reducers and additives have been made available in recent years to speed up the drying process and enhance the performance of water-based coatings. Therefore, during the forecast period, as the importance of protecting the environment increases, the demand for water-borne for automotive coatings will also increase.
Asia Pacific is expected to be one of the key regions in the automotive coating market, followed by North America and Europe. The need for automotive coatings in the region is projected to increase as a result of the increasing automobile production in China, India, and ASEAN countries. The demand for automotive coatings is also projected to rise as a result of increasing sales of pre-owned cars, growth of cab services, and expanding network of auto body and repair shops in Asian nations. Some of the countries where the automotive industry is growing in terms of sales and production include China, Japan, India, and South Korea. Due to its extensive base of auto manufacturing, China is predicted to experience significant growth.
| CAGR 2025-2034 - Market by | Country |
| India | 7.3% |
| China | 6.5% |
| UK | 5.3% |
| USA | 5.1% |
| Germany | 4.8% |
| Canada | XX% |
| France | XX% |
| Italy | XX% |
| Japan | 4.0% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global automotive coating market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
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.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include Nippon Paint Holdings Co., Ltd. and KCC Corporation, among others.
Automotive Coating Market Size
Automotive Coating Market Analysis
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*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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The market for automotive coating is projected to grow at a CAGR of 5.80% between 2025 and 2034.
The automotive coating market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 50.47 Billion by 2034.
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 2024, the market reached an approximate value of USD 28.72 Billion.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
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| Breakup by Resin Type |
|
| Breakup by Technology |
|
| Breakup by Coat Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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