Global Automotive Coatings Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Resin Type;

Polyurethane, Epoxy, Acrylic, and Others

By Technology;

Solvent-Borne, Water-Borne & Powder Coating, and Others

By Coat Type;

E-Coat, Primer, Basecoat, and Clearcoat

By Application;

OEM, Refinish, and Plastic Part

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn231871073 Published Date: May, 2025 Updated Date: June, 2025

Automotive Coatings Market Overview

Automotive Coatings Market (USD Million)

Automotive Coatings Market was valued at USD 136,771.75 million in the year 2024. The size of this market is expected to increase to USD 209,763.18 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.3%.


Global Automotive Coatings Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 6.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.3 %
Market Size (2024)USD 136,771.75 Million
Market Size (2031)USD 209,763.18 Million
Market ConcentrationMedium
Report Pages308
136,771.75
2024
209,763.18
2031

Major Players

  • BASF SE
  • Axalta Coating Systems
  • PPG Industries, Inc.
  • Kansai Paint Co., Ltd
  • Nippon Paint Holdings Co., Ltd.
  • The Valspar Corporation
  • KCC Corporation
  • The Sherwin-Williams Company
  • Akzonobel N.V.
  • Jotun A/S

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Automotive Coatings Market

Fragmented - Highly competitive market without dominant players


The automotive coatings market is witnessing robust growth as demand for eco-friendly and technologically advanced coatings rises. Water-based coatings hold a strong 35% share, driven by environmental considerations and regulatory compliance. Additionally, powder coatings are gaining popularity due to their excellent durability and reduced emissions.

Technological Advancements
Innovation in nanotechnology and self-healing coatings is reshaping the landscape, with such technologies capturing 20% of the premium segment. Growing R&D investments in eco-friendly formulations are steadily replacing traditional solvent-based coatings, enhancing both performance and sustainability.

Material Innovation
The use of polyurethane and acrylic-based coatings has advanced, driven by their resistance to scratches and UV damage, with over 30% share in high-end applications. Metallic and pearlescent finishes have become prominent, especially in luxury vehicles, emphasizing aesthetics and protection.

Future Outlook
Environmental awareness is propelling growth, with water-based and powder coatings expected to reach over 50% market share. The industry is also set to benefit from the rise of smart and nanocoatings, signaling a future centered on sustainability and cutting-edge technology.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Resin Type
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Coat Type
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Automotive Coatings Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Car Production
        2. Growing Demand for Customization
        3. Focus on Sustainability
        4. Advancements in Technology
      2. Restraints
        1. Fluctuations in Raw Material Prices
        2. Stringent Environmental Regulations
        3. Global Economic Slowdowns
        4. Supply Chain Disruptions
      3. Opportunities
        1. Growth in Electric Vehicles (EVs)
        2. Expansion in Emerging Markets
        3. Innovation in Sustainable Solutions
        4. Advancements in Automation
    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. Automotive Coatings Market, By Resin Type, 2021 - 2031 (USD Million)
      1. Polyurethane
      2. Epoxy
      3. Acrylic
      4. Others
    2. Automotive Coatings Market, By Technology, 2021 - 2031 (USD Million)
      1. Solvent-Borne
      2. Water-Borne
      3. Powder Coating and Others
    3. Automotive Coatings Market, By Coat Type, 2021 - 2031 (USD Million)
      1. IE-Coat
      2. Primer
      3. Basecoat
      4. Clearcoat
    4. Automotive Coatings Market, By Application, 2021 - 2031 (USD Million)
      1. OEM
      2. Refinish
      3. Plastic Part
    5. Automotive Coatings Market, By Geography, 2021 - 2031 (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. BASF SE
      2. Axalta Coating Systems
      3. PPG Industries, Inc.
      4. Kansai Paint Co., Ltd
      5. Nippon Paint Holdings Co., Ltd.
      6. The Valspar Corporation
      7. KCC Corporation
      8. The Sherwin-Williams Company
      9. Akzonobel N.V.
      10. Jotun A/S
  7. Analyst Views
  8. Future Outlook of the Market