Global Automotive Wheel Coatings Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product Type;

Primers, Basecoat, and Clear coat/Topcoat.

By Vehicle Type;

2-Wheeler, Passenger Cars, Commercial Vehicles/Light Commercial Vehicles, and Heavy Commercial Vehicles.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn303590115 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Wheel Coatings Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Wheel Coatings Market was valued at USD 476.45 million. The size of this market is expected to increase to USD 582.00 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 2.9%.

The global automotive wheel coatings market stands at the forefront of innovation and durability in the automotive industry. As vehicles evolve to meet the demands of sustainability and performance, wheel coatings play a pivotal role in enhancing aesthetics, protecting against corrosion, and improving overall durability. This market segment encompasses a wide array of technologies and materials tailored to meet the diverse needs of manufacturers, from traditional solvent-based coatings to cutting-edge waterborne formulations.

The automotive wheel coatings market has witnessed a significant shift towards eco-friendly solutions driven by stringent environmental regulations and consumer preferences for sustainable products. Waterborne coatings, in particular, have emerged as a preferred choice due to their lower volatile organic compound (VOC) emissions and reduced environmental impact. Additionally, advancements in nanotechnology have led to the development of coatings with superior scratch resistance and self-cleaning properties, further elevating the performance standards of automotive wheel coatings.

The growing demand for customization and personalization in the automotive sector has fueled innovation in the wheel coatings market. Manufacturers are offering a diverse range of colors, finishes, and effects to cater to individual preferences and differentiate their products in a competitive market landscape. As automotive design trends continue to evolve, the role of wheel coatings in defining the visual identity and character of vehicles becomes increasingly paramount, driving further investment and growth in this dynamic market segment.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Region
  4. Global Automotive Wheel Coatings Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Vehicle customization
        2. Technological advancements
        3. Growing automotive industry
      2. Restraints
        1. Environmental regulations
        2. Volatility in raw material prices
        3. Intense competition
      3. Opportunities
        1. Emerging markets
        2. Eco-friendly coatings
        3. Innovation in coatings technology
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Wheel Coatings Market, By Product Type, 2020 - 2030 (USD Million)
      1. Primers
      2. Basecoat
      3. Clear coat/Topcoat
    2. Global Automotive Wheel Coatings Market, By Vehicle Type, 2020 - 2030 (USD Million)
      1. 2-Wheeler
      2. Passenger Cars
      3. Commercial Vehicles/Light Commercial Vehicles
      4. Heavy Commercial Vehicles
    3. Global Automotive Wheel Coatings Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Axalta Coating Systems
      2. PPG Industries
      3. BASF SE
      4. Akzo Nobel N.V.
      5. Sherwin-Williams Company
      6. Nippon Paint Holdings Co., Ltd.
      7. Kansai Paint Co., Ltd.
      8. Jotun Group
      9. The Valspar Corporation
      10. Hempel A/S
  7. Analyst Views
  8. Future Outlook of the Market