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 9.1 billion in 2022 and is expected to reach 12.2 billion by 2029, at a CAGR of 4.2% from 2023 to 2029. 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 of 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

4.2%

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 (2018 to 2022), and forecast (2023 to 2029)
  • 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 startups details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market

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

2022 is the base year and 2029 is the forecast year.

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.

Table of Content

  1. Executive Summary
  2. Global Automotive Paints Market Introduction
    • Global Automotive Paints Market Taxonomy
    • Global Automotive Paints Market Definitions
      • Technology
      • Resin Type
      • Texture
      • Paint Type
      • Vehicle Type
  1. Global Automotive Paints Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Automotive Paints Market Dynamic Factors - Impact Analysis
    • Global Automotive Paints Market Competition Landscape
  2. Global Automotive Paints Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Automotive Paints Market, By Technology, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Waterborne
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Solvent-Borne
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Power Coatings
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Automotive Paints Market Forecast, By Resin Type, 2018 - 2022 and Forecast, 2023 - 2029
    • Epoxy
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Acrylic
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Polyurethane
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Other Resins
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (00 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Automotive Paints Market Forecast, By Texture, 2018 - 2022 and Forecast, 2023 - 2029
    • Solid Texture
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Mettalic Texture
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Matte Finish Paints
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pearlescent Paints
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Solar Reflective Paints
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Automotive Paints Market Forecast, By Paint Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Primer
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Basecoat
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electrocoat
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Clearcoat
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Automotive Paints Market Forecast, By Vehicle Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Passenger Car
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Commercial Vehicle OEM
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Light Vehicle OEM
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Automotive Refinish (Aftermarket)
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
  1. Global Automotive Paints Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Automotive Paints Market - Opportunity Analysis Index, By Technology, Resin Type, Texture, Paint Type, Vehicle Type and Region, 2023 - 2029
  2. North America Automotive Paints Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Waterborne
      • Solvent-Borne
      • Powder Coating
    • Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Epoxy
      • Acrylic
      • Polyurethane
      • Other Resins
    • Texture Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solid Texture
      • Metallic Texture
      • Matte Finish Paints
      • Pearlescent Paints
      • Solar Reflective Paints
    • Paint Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Primer
      • Basecoat
      • Electrocoat
      • Clearcoat
    • Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger Car
      • Commercial Vehicle OEM
      • Light Vehicle OEM
      • Others
        • Automotive Refinish (Aftermarket)
      • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • S.
        • Canada
      • North America Automotive Paints Market - Opportunity Analysis Index, By Technology, Resin Type, Texture, Paint Type, Vehicle Type and Country, 2023 - 2029
      • North America Automotive Paints Market Dynamics Trends
  1. Europe Automotive Paints Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Waterborne
      • Solvent-Borne
      • Powder Coating
    • Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Epoxy
      • Acrylic
      • Polyurethane
      • Other Resins
    • Texture Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solid Texture
      • Metallic Texture
      • Matte Finish Paints
      • Pearlescent Paints
      • Solar Reflective Paints
    • Paint Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Primer
      • Basecoat
      • Electrocoat
      • Clearcoat
    • Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger Car
      • Commercial Vehicle OEM
      • Light Vehicle OEM
      • Others
        • Automotive Refinish (Aftermarket)
      • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Germany
        • UK
        • France
        • Spain
        • Italy
        • Russia
        • Poland
        • Rest of Europe
      • Europe Automotive Paints Market - Opportunity Analysis Index, By By Technology, Resin Type, Texture, Paint Type, Vehicle Type and Country, 2023 - 2029
      • Europe Automotive Paints Market Dynamics Trends
  1. Asia-Pacific Automotive Paints Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Waterborne
      • Solvent-Borne
      • Powder Coating
    • Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Epoxy
      • Acrylic
      • Polyurethane
      • Other Resins
    • Texture Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solid Texture
      • Metallic Texture
      • Matte Finish Paints
      • Pearlescent Paints
      • Solar Reflective Paints
    • Paint Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Primer
      • Basecoat
      • Electrocoat
      • Clearcoat
    • Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger Car
      • Commercial Vehicle OEM
      • Light Vehicle OEM
      • Others
        • Automotive Refinish (Aftermarket)
      • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Japan
        • China
        • India
        • ASEAN
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • Asia-Pacific Automotive Paints Market - Opportunity Analysis Index, By Technology, Resin Type, Texture, Paint Type, Vehicle Type, and Country, 2023 - 2029
      • Asia-Pacific Automotive Paints Market Dynamics Trends
  1. Latin America Automotive Paints Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Waterborne
      • Solvent-Borne
      • Powder Coating
    • Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Epoxy
      • Acrylic
      • Polyurethane
      • Other Resins
    • Texture Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solid Texture
      • Metallic Texture
      • Matte Finish Paints
      • Pearlescent Paints
      • Solar Reflective Paints
    • Paint Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Primer
      • Basecoat
      • Electrocoat
      • Clearcoat
    • Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger Car
      • Commercial Vehicle OEM
      • Light Vehicle OEM
      • Others
        • Automotive Refinish (Aftermarket)
      • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Brazil
        • Mexico
        • Argentina
        • Venezuela
        • Rest of Latin America
      • Latin America Automotive Paints Market - Opportunity Analysis Index, By Technology, Resin Type, Texture, Paint Type, Vehicle Type and Country, 2023 - 2029
      • Latin America Automotive Paints Market Dynamics Trends
  1. Middle East and Africa Automotive Paints Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
    • Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Waterborne
      • Solvent-Borne
      • Powder Coating
    • Resin Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Epoxy
      • Acrylic
      • Polyurethane
      • Other Resins
    • Texture Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solid Texture
      • Metallic Texture
      • Matte Finish Paints
      • Pearlescent Paints
      • Solar Reflective Paints
    • Paint Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Primer
      • Basecoat
      • Electrocoat
      • Clearcoat
    • Vehicle Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Passenger Car
      • Commercial Vehicle OEM
      • Light Vehicle OEM
      • Others
        • Automotive Refinish (Aftermarket)
      • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Gulf Cooperation Council (GCC) Countries
        • Israel
        • South Africa
        • Rest of MEA
      • MEA Automotive Paints Market - Opportunity Analysis Index, By Technology, Resin Type, Texture, Paint Type, Vehicle Type and Country, 2023 - 2029
      • MEA Automotive Paints Market Dynamics Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Technology & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • 3M
      • Valspar (U.S)
      • Solvay S.A (Belgium)
      • Royal DSM NV (Netherlands)
      • PPG Industries (U.S)
      • Nippon (Japan)
      • DuPont (U.S)
      • Clariant Ag (Switzerland)
      • Beckers (U.S)
      • BASF SE (Germany)
      • Axalta Coatings Systems (Germany)
      • Akzonobel NV (Netherlands)
  1. Research Methodology
  2. Key Assumptions and Acronyms

 

  • 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)

Adjacent Markets