The global automotive paints market is projected to grow at a rapid pace with a formidable CAGR during the forecast period 2023-2027. The market growth can be accredited to the increasing vehicle production & sales globally on the account of growing purchasing power of the consumer’s demand for electric and hybrid vehicles, and people’s preference for safe, convenient, and comfortable modes of commuting.
The Important Elements of Automotive Paints Market
Automotive paints are a water-based formula of paints that are sprayed on the surface of the automobile and protect the surface of the automobile from environmental damage along with enhancing the aesthetics of the motor vehicles. Besides, the introduction of efficient painting technologies and a gradual shift towards manufacturing paints and coatings that are non-toxic for the environment are acting as another growth-inducing factor. In addition, the adoption of eco-friendly paints is also adding to the market growth. Furthermore, several market players are introducing quality automotive paints that can protect the vehicle from unwanted dirt, acidic rains, UV rays, corrosion, and oxidation.
The global automotive paints market is segmented on the basis of vehicle type, coat type, technology, texture type, competitive landscape, and regional distribution. Based on the vehicle type the market is bifurcated into passenger cars, light commercial vehicles, and heavy commercial vehicles. By coat type, the market is fragmented into base coat, primer coat, clear coat, and electro coat.
Based on the technology the market is divided among powder coatings, waterborne coatings, and solvent-borne coatings. Among these, the powder coatings segment is projected to propel the market over the coming years. This is primarily because powder coating is environmentally friendly as these paints do not utilize wet paints, therefore they don’t release harmful compounds into the environment. Moreover, this technique is cost-efficient and offers an aesthetic finish to the vehicle. By texture, the market is differentiated between solid texture and metallic texture.
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Some of the leading players in the Global automotive paints market are Berger Paints, BASF SE, PPG Industries Inc., Axalta Coatings System LLC, Valspar Corporation, Arkema SA, Solvay SA, Nippon Paint Holdings Co., Ltd, Kansai Paint Co. Ltd., AkzoNobel N.V. etc.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Source· Form· Application |
| Regional scope | North America; Europe &CIS; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; UAE; Saudi Arabia; South Africa; Kuwait |
| Key companies profiled | Berger Paints, BASF SE, PPG Industries Inc., Axalta Coatings System LLC, Valspar Corporation, Arkema SA, Solvay SA, Nippon Paint Holdings Co., Ltd, Kansai Paint Co. Ltd., and Akzonobel N.V. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, Global Automotive Paints Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Automotive Paints Market, By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Automotive Paints Market, By Coat Type:
- Base Coat
- Primer coat
- Clear coat
- Electro coat
- Automotive Paints Market, By Technology:
- Powder coatings
- Waterborne coatings
- Solvent borne coatings
- Automotive Paints Market, By Texture Type:
- Solid Texture
- Metallic Texture
- Automotive Paints Market, By Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
- Asia Pacific
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Automotive Paints Market.
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Table of Content
Product Overview
- Research Methodology
- Impact of COVID-19 on Global Automotive Paints Market
- Executive Summary
- Voice of Customer
5.1. Product Awareness
5.2. Brand Awareness
5.3. Brand Recall
5.4. Product Pricing
5.5. Challenges & Unmet Needs
- Global Automotive Paints Market Overview
- Global Automotive Paints Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles)
7.2.2. By Coat Type (Base Coat, Primer coat, Clear coat and Electro coat)
7.2.3. By Technology (Powder coatings, Waterborne coatings and Solvent borne coatings)
7.2.4. By Texture Type (Solid Texture and Metallic Texture)
7.2.5. By Region
7.2.6. By Company (2021)
7.3. Market Attractiveness Index
- Asia-Pacific Automotive Paints Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Coat Type
8.2.3. By Technology
8.2.4. By Country
8.3. Market Attractiveness Index
8.4. Asia-Pacific: Country Analysis
8.4.1. China Automotive Paints Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Vehicle Type
8.4.1.2.2. By Coat Type
8.4.1.3. Market Attractiveness Index
8.4.2. India Automotive Paints Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Vehicle Type
8.4.2.2.2. By Coat Type
8.4.2.3. Market Attractiveness Index
8.4.3. Japan Automotive Paints Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Vehicle Type
8.4.3.2.2. By Coat Type
8.4.3.3. Market Attractiveness Index
8.4.4. South Korea Automotive Paints Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value & Volume
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Vehicle Type
8.4.4.2.2. By Coat Type
8.4.4.3. Market Attractiveness Index
8.4.5. Australia Automotive Paints Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value & Volume
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Vehicle Type
8.4.5.2.2. By Coat Type
8.4.5.3. Market Attractiveness Index
8.4.6. Singapore Automotive Paints Market Outlook
8.4.6.1. Market Size & Forecast
8.4.6.1.1. By Value & Volume
8.4.6.2. Market Share & Forecast
8.4.6.2.1. By Vehicle Type
8.4.6.2.2. By Coat Type
8.4.6.3. Market Attractiveness Index
8.4.7. Malaysia Automotive Paints Market Outlook
8.4.7.1. Market Size & Forecast
8.4.7.1.1. By Value & Volume
8.4.7.2. Market Share & Forecast
8.4.7.2.1. By Vehicle Type
8.4.7.2.2. By Coat Type
8.4.7.3. Market Attractiveness Index
- Europe & CIS Automotive Paints Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Coat Type
9.2.3. By Technology
9.2.4. By Country
9.3. Market Attractiveness Index
9.4. Europe: Country Analysis
9.4.1. France Automotive Paints Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value & Volume
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Vehicle Type
9.4.1.2.2. By Coat Type
9.4.1.3. Market Attractiveness Index
9.4.2. Germany Automotive Paints Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value & Volume
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Vehicle Type
9.4.2.2.2. By Coat Type
9.4.2.3. Market Attractiveness Index
9.4.3. United Kingdom Automotive Paints Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value & Volume
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Vehicle Type
9.4.3.2.2. By Coat Type
9.4.3.3. Market Attractiveness Index
9.4.4. Italy Automotive Paints Market Outlook
9.4.4.1. Market Size & Forecast
9.4.4.1.1. By Value & Volume
9.4.4.2. Market Share & Forecast
9.4.4.2.1. By Vehicle Type
9.4.4.2.2. By Coat Type
9.4.4.3. Market Attractiveness Index
9.4.5. Spain Automotive Paints Market Outlook
9.4.5.1. Market Size & Forecast
9.4.5.1.1. By Value & Volume
9.4.5.2. Market Share & Forecast
9.4.5.2.1. By Vehicle Type
9.4.5.2.2. By Coat Type
9.4.5.3. Market Attractiveness Index
- North America Automotive Paints Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type
10.2.2. By Coat Type
10.2.3. By Technology
10.2.4. By Country
10.3. Market Attractiveness Index
10.4. North America: Country Analysis
10.4.1. United States Automotive Paints Market Outlook
10.4.1.1. Market Size & Forecast
10.4.1.1.1. By Value & Volume
10.4.1.2. Market Share & Forecast
10.4.1.2.1. By Vehicle Type
10.4.1.2.2. By Coat Type
10.4.1.3. Market Attractiveness Index
10.4.2. Mexico Automotive Paints Market Outlook
10.4.2.1. Market Size & Forecast
10.4.2.1.1. By Value & Volume
10.4.2.2. Market Share & Forecast
10.4.2.2.1. By Vehicle Type
10.4.2.2.2. By Coat Type
10.4.2.3. Market Attractiveness Index
10.4.3. Canada Automotive Paints Market Outlook
10.4.3.1. Market Size & Forecast
10.4.3.1.1. By Value & Volume
10.4.3.2. Market Share & Forecast
10.4.3.2.1. By Vehicle Type
10.4.3.2.2. By Coat Type
10.4.3.3. Market Attractiveness Index