Automotive Paints Market: By Technology (Waterborne, Solvent-Borne and Powder Coating), By Resin Type (Epoxy, Acrylic, Polyurethane and Other Resins), By Texture (Solid Texture, Metallic Texture, Matte Finish Paints, Pearlescent Paints and Solar Reflective Paints), By Paint Type (Primer, Basecoat, Electrocoat and Clearcoat), By Vehicle Type (Passenger Car, Commercial Vehicle OEM, Light Vehicle OEM and Others) and Geography  

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Automotive Paints Market size was valued at USD 10.8 billion in 2023 and is expected to reach 16.2 billion by 2030, at a CAGR of 6.2% from 2024 to 2030. Some of the key factors influencing the market growth include strict emission regulations & environmental concerns, advanced paint technologies, changing buyer preferences, high growth in emerging economies and increasing demand for vehicles worldwide. The global automotive paints market is expected to witness a surge in demand over the forecast period owing to factors such as stringent government regulations and increasing environmental awareness. The automotive paints market is emerging in terms of color options, durability, and reliability. Automotive paints act as a protective coat and provide an ambient appearance, which is expected to accelerate the market growth over the next six years. Various regulations regarding non-VOC paints have triggered the automotive paints market demand leading to the introduction of waterborne coats, which are expected to replace solvent-borne coats. Advanced coating solutions are manufactured and delivered by the automotive paint companies to the vehicle manufacturers owing to the extreme government regulations.

These innovations reduce the overall cost and time required per vehicle unit through controlled paint shop emissions, which is expected to spur basecoats demand in the automotive paints market. The report studies market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).

Automotive Paints Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.2%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific
Automotive Paints Market Dynamics

The environmental impact of paint is diverse. Traditional painting materials and processes can have harmful effects on the environment, including those from the use of lead and other additives. Measures should be taken to reduce environmental impact, including accurately estimating paint quantities so waste is minimized, and use of environmentally preferred paints, coating, painting accessories, and techniques. The primary source of hazardous waste from automotive plants is again from paint processes. Although much material is recovered, this waste is typically around 25 percent of a plant's total hazardous waste by weight.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Automotive Paints Market Segmentation

By Technology
  • Waterborne
  • Solvent-Borne
  • Powder Coating
By Resin Type
  • Epoxy
  • Acrylic
  • Polyurethane
  • Other Resins
By Paint Type
  • Primer
  • Basecoat
  • Electrocoat
  • Clearcoat
By Vehicle Type
  • Passenger Car
  • Commercial Vehicle OEM
  • Light Vehicle OEM
  • Others
  • Automotive Refinish (Aftermarket)

Frequently Asked Questions

The automotive paints market size was valued at USD 10.8 billion in 2023

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

1. Executive Summary
2. Global Automotive Paints Market Introduction 
2.1.Global Automotive Paints Market  - Taxonomy
2.2.Global Automotive Paints Market  - Definitions
2.2.1.Technology
2.2.2.Resin Type
2.2.3.Paint Type
2.2.4.Vehicle Type
2.2.5.Region
3. Global Automotive Paints Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Automotive Paints Market Analysis, 2019 - 2023 and Forecast 2024 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Automotive Paints Market  By Technology, 2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million)
5.1. Waterborne
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Solvent-Borne
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Powder Coating
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6. Global Automotive Paints Market  By Resin Type, 2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million)
6.1. Epoxy
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Acrylic
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Polyurethane
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Other Resins
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7. Global Automotive Paints Market  By Paint Type, 2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million)
7.1. Primer
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Basecoat
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Electrocoat
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Clearcoat
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8. Global Automotive Paints Market  By Vehicle Type, 2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million)
8.1. Passenger Car
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Commercial Vehicle OEM
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Light Vehicle OEM
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Others
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Automotive Refinish (Aftermarket)
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9. Global Automotive Paints Market  By Region, 2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 2030, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10. North America Automotive Paints Market ,2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million)
10.1. Technology Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Waterborne
10.1.2.Solvent-Borne
10.1.3.Powder Coating
10.2.  Resin Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Epoxy
10.2.2.Acrylic
10.2.3.Polyurethane
10.2.4.Other Resins
10.3.  Paint Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Primer
10.3.2.Basecoat
10.3.3.Electrocoat
10.3.4.Clearcoat
10.4.  Vehicle Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Passenger Car
10.4.2.Commercial Vehicle OEM
10.4.3.Light Vehicle OEM
10.4.4.Others
10.4.5.Automotive Refinish (Aftermarket)
10.5.  Country Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11. Europe Automotive Paints Market ,2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million)
11.1. Technology Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Waterborne
11.1.2.Solvent-Borne
11.1.3.Powder Coating
11.2.  Resin Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Epoxy
11.2.2.Acrylic
11.2.3.Polyurethane
11.2.4.Other Resins
11.3.  Paint Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Primer
11.3.2.Basecoat
11.3.3.Electrocoat
11.3.4.Clearcoat
11.4.  Vehicle Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Passenger Car
11.4.2.Commercial Vehicle OEM
11.4.3.Light Vehicle OEM
11.4.4.Others
11.4.5.Automotive Refinish (Aftermarket)
11.5.  Country Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
11.5.6.Rest of EU
12. Asia Pacific (APAC) Automotive Paints Market, 2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million)
12.1. Technology Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Waterborne
12.1.2.Solvent-Borne
12.1.3.Powder Coating
12.2.  Resin Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Epoxy
12.2.2.Acrylic
12.2.3.Polyurethane
12.2.4.Other Resins
12.3.  Paint Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Primer
12.3.2.Basecoat
12.3.3.Electrocoat
12.3.4.Clearcoat
12.4.  Vehicle Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Passenger Car
12.4.2.Commercial Vehicle OEM
12.4.3.Light Vehicle OEM
12.4.4.Others
12.4.5.Automotive Refinish (Aftermarket)
12.5.  Country Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13. Middle East and Africa (MEA) Automotive Paints Market ,2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million)
13.1. Technology Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Waterborne
13.1.2.Solvent-Borne
13.1.3.Powder Coating
13.2.  Resin Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Epoxy
13.2.2.Acrylic
13.2.3.Polyurethane
13.2.4.Other Resins
13.3.  Paint Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Primer
13.3.2.Basecoat
13.3.3.Electrocoat
13.3.4.Clearcoat
13.4.  Vehicle Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Passenger Car
13.4.2.Commercial Vehicle OEM
13.4.3.Light Vehicle OEM
13.4.4.Others
13.4.5.Automotive Refinish (Aftermarket)
13.5.  Country Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14. Latin America Automotive Paints Market, 2019 - 2023 and Forecast 2024 2030 (Sales Value USD Million)
14.1. Technology Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Waterborne
14.1.2.Solvent-Borne
14.1.3.Powder Coating
14.2.  Resin Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Epoxy
14.2.2.Acrylic
14.2.3.Polyurethane
14.2.4.Other Resins
14.3.  Paint Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Primer
14.3.2.Basecoat
14.3.3.Electrocoat
14.3.4.Clearcoat
14.4.  Vehicle Type Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Passenger Car
14.4.2.Commercial Vehicle OEM
14.4.3.Light Vehicle OEM
14.4.4.Others
14.4.5.Automotive Refinish (Aftermarket)
14.5.  Country Analysis 2019 - 2023 and Forecast 2024 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.3M
15.2.2.Valspar (U.S)
15.2.3.Solvay S.A (Belgium)
15.2.4.Royal DSM NV (Netherlands)
15.2.5.PPG Industries (U.S)
15.2.6.Nippon (Japan)
15.2.7.DuPont (U.S)
15.2.8.Clariant A(Switzerland)
15.2.9.Beckers (U.S)
15.2.10.BASF SE (Germany)
15.2.11.Axalta Coatings Systems (Germany)
15.2.12.Akzonobel NV (Netherlands)
16. Research Methodology 
17. Appendix and Abbreviations 
  • 3M
  • Valspar (U.S)
  • Solvay S.A (Belgium)
  • Royal DSM NV (Netherlands)
  • PPG Industries (U.S)
  • Nippon (Japan)
  • DuPont (U.S)
  • Clariant A(Switzerland)
  • Beckers (U.S)
  • BASF SE (Germany)
  • Axalta Coatings Systems (Germany)
  • Akzonobel NV (Netherlands)

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