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Automotive Coating Market

Global Automotive Coating Market Share, Size, Trends, Analysis, Growth, Forecast: By Resin Type: Polyurethane, Epoxy, Acrylic, Others; By Technology: Solvent-Borne, Water-Borne, Powder Coating, Others; By Coat Type: Internal Coating, External Coating, E-Coat, Primer, Basecoat, Clearcoat, Others; Regional Analysis; Competitive Landscape; 2023-2028

Global Automotive Coating Market Outlook

The global automotive coating market size is projected to grow at a CAGR of 5.80% in the forecast period of between 2023 and 2028, reaching an approximate value of USD 38.07 billion by 2028.

 

automotive coating market

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Key Trends in the Market

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. 

 

  • With the rising vehicle production, the market is expected to witness significant growth during the forecast period. As automotive coatings improve the aesthetics and durability of automobiles and shield them from harsh weather conditions such rain, extreme temperatures, UV radiation, and foreign particles, the automotive coating market is expected to witness significant growth.
  • There have been several technological advancements in automotive coatings, including their properties of deposition, improvements in monitoring droplets during application, and new insights into materials used. The market demand for automotive coatings is anticipated to increase as a result of these factors in the upcoming years.
  • Rising per capita income, growing population, and increasing vehicle use are additional drivers propelling the global market for automotive coatings. Around the world, there are an increasing number of people who own cars as a hobby and invest in the aesthetic appearance of their cars by changing coatings regularly. This is promoting market expansion.

 

Global Automotive Coating Market Analysis

 

automotive coating market by segments

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Based on resin type, the market is segmented into polyurethane, epoxy, and acrylic, among others. On the basis of technology, the market can be divided into solvent-borne, water-borne, and powder coating, among others. Based on coat type, the market can be categorised into internal coating, external coating, e-coat, primer, basecoat, and clearcoat, among others. The regional markets for automotive coating can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

 

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
  • PPG Industries, Inc.
  • Kansai Paint Co., Ltd
  • Nippon Paint Holdings Co., Ltd.
  • KCC Corporation
  • Others

 

Market Share by Technology

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.

 

Market Share by Region

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.

 

automotive coating market by region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment:

  • Resin Type
  • Technology
  • Coat Type
  • Region
Breakup by Resin Type
  • Polyurethane
  • Epoxy
  • Acrylic
  • Others
Breakup by Technology
  • Solvent-Borne
  • Water-Borne
  • Powder Coating
  • Others
Breakup by Coat Type
  • Internal Coating
  • External Coating
  • E-Coat
  • Primer
  • Basecoat
  • Clearcoat
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • BASF SE
  • PPG Industries, Inc.
  • Kansai Paint Co., Ltd
  • Nippon Paint Holdings Co., Ltd.
  • KCC Corporation
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Automotive Coating Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Automotive Coating Historical Market (2018-2022) 
    8.3    Global Automotive Coating Market Forecast (2023-2028)
    8.4    Global Automotive Coating Market by Resin Type
        8.4.1    Polyurethane
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Epoxy
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Acrylic
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Automotive Coating Market by Technology
        8.5.1    Solvent-Borne
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Water-Borne
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Powder Coating
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Automotive Coating Market by Coat Type
        8.6.1    Internal Coating
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    External Coating
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    E-Coat
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Primer
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Basecoat
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
        8.6.6    Clearcoat
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2018-2022)
            8.6.6.3    Forecast Trend (2023-2028)
        8.6.7    Others
    8.7    Global Automotive Coating Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Automotive Coating Tablets Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Automotive Coating Tablets Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Automotive Coating Tablets Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Automotive Coating Tablets Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Automotive Coating Tablets Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    EMR’s Key Indicators for Demand
    14.4    EMR’s Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    BASF SE
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    PPG Industries, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Kansai Paint Co., Ltd
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Nippon Paint Holdings Co., Ltd.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    KCC Corporation
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Automotive Coating Market: Key Industry Highlights, 2018 and 2028
2.    Global Automotive Coating Historical Market: Breakup by Resin Type (USD Million), 2018-2022
3.    Global Automotive Coating Market Forecast: Breakup by Resin Type (USD Million), 2023-2028
4.    Global Automotive Coating Historical Market: Breakup by Technology (USD Million), 2018-2022
5.    Global Automotive Coating Market Forecast: Breakup by Technology (USD Million), 2023-2028
6.    Global Automotive Coating Historical Market: Breakup by Coat Type (USD Million), 2018-2022
7.    Global Automotive Coating Market Forecast: Breakup by Coat Type (USD Million), 2023-2028
8.    Global Automotive Coating Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Automotive Coating Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Automotive Coating Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Automotive Coating Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Automotive Coating Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Automotive Coating Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Automotive Coating Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Automotive Coating Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Automotive Coating Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Automotive Coating Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Automotive Coating Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Automotive Coating Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Automotive Coating Market Structure

Key Questions Answered in the Report

What is the growth rate of the automotive coating market?

The market for automotive coating is projected to grow at a CAGR of 5.80% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The automotive coating market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 38.07 billion by 2028.

What are the major market drivers?

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.

What are the key trends of the global automotive coating market?

Increasing vehicle production and expansion of vehicle repair and body shops are the key trends propelling the growth of the market.

What are the major regions for automotive coating, according to the EMR report?

The major regions in the market for automotive coatings are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What is the market segmentation based on coat type in the market?

The market on the basis of coat type can be segmented into internal coating, external coating, e-coat, primer, basecoat, and clearcoat, among others.

Who are the key industry players, according to the automotive coating market report?

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.

What is the purpose of automotive coatings?

Automotive coatings can be used to provide protection to an automotive component, or to increase the aesthetic appeal of the vehicle.

What are the different resin types in the market for automotive coatings?

The different resin types in the market for automotive coatings include polyurethane, epoxy, and acrylic, among others.

What are the various technologies in the market?

The various technologies in the market include solvent-borne, water-borne, and powder coating, among others.

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