Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Coatings Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Automotive Coatings Industry in 2024 and 2025?
The market size of the Automotive Coatings industry has seen significant growth lately. The industry, which was valued at $21.85 billion in 2024, is projected to increase to $23.37 billion in 2025 with a compound annual growth rate (CAGR) of 6.9%. The historical growth trend in the Automotive Coatings market indicates a strong uptick.
What Is the Projected Market Size of the Automotive Coatings Market in 2029?
The Automotive Coatings market is projected to reach a market size of $33.29 billion in 2029, with a compound annual growth rate (CAGR) of 9.3%.
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What Are the Key Drivers of Automotive Coatings Market Growth?
The key Drivers in the automotive coatings market are:
• Rise in consumer demand for lightweight vehicles
• Enforcement of strict emission norms
• Increased necessity to reduce fuel consumption
• Application of coatings for both protective and aesthetic purposes in automobiles
What Are the Primary Segmentation Categories in the Automotive Coatings Market?
The automotive coatingsmarket covered in this report is segmented –
1) By Coat Type: Clearcoat, Basecoat, E-Coat, Primer
2) By Resin Type: Polyurethane, Epoxy, Acrylic
3) By Technology: Waterborne Coatings, Solventborne Coatings, Powder coatings, UV-Cured Coatings
4) By Substrate: Metal, Plastics
5) By End-Use: Light Vehicle OEM, Commercial OEM, Automotive Refinish
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What Are the Major Trends Shaping the Automotive Coatings Market in 2025 and Beyond?
The key trends in the automotive coatings market are:
• Strategic partnerships in the industry are becoming a dominant emerging trend.
• Companies are collaborating to innovate and create new products.
• The development of new technologies through partnerships is shaping the future of the market.
• The focus on creating innovative coatings specifically for electric vehicles is on the rise.
Who Are the Emerging Players in the Automotive Coatings Market?
The key players in the automotive coatings market are:
• The Valspar Corporation
• Solvay SA
• Sherwin-Williams Company
• Pittsburgh Plate Glass Company
• Nippon Paint Automotive Coatings Co. Ltd.
• Korea Chemical Co. Ltd.
• Kansai Paint Co. Ltd.
• Arkema SA
• Eastman Chemical Co.
• Clariant AG
• Berger Paints India Limited
• Becker Industrial Coatings LLC
• BASF SE
• Axalta Coating Systems Ltd.
• Akzo Nobel N.V
• The Sherwin-Williams Company
• Bollig & Kemper GmbH & Co.KG
• HMG Paints Limited
• Jotun India Pvt. Ltd.
• Shanghai Kinlita Chemical Co. Ltd.
• Carpoly Chemical Group Co. Ltd.
• Kangnam Jevesco Co. Ltd.
• Mankiewicz India Private Limited
• Shawcor Ltd.
• Samhwa Paints Industries Co. Ltd.
• Nihon Toksuhu Toryo Co. Ltd.
• National Paint Factories Pvt. Ltd.
• Teknos Coatings And Paints Private Limited
• Corporate Identification Number
• Kelly-Moore Paints
• Hempel AS
• Deutsche Amphibolin-Werke von Robert Murjahn Stiftung & Co KG
• Tiger Coatings GmbH & Co.
Which Regions Are Leading the Growth in the Global Automotive Coatings Market?
Asia-Pacific was the largest region in the automotive coatings market in 2024
