Automotive Coatings Global Market Report 2022 – By Coat Type (Clearcoat, Basecoat, E-Coat, Primer), By Resin Type (Polyurethane, Epoxy, Acrylic), By Technology (Waterborne Coatings, Solventborne Coatings, Powder coatings, UV-Cured Coatings), By Substrate (Metal, Plastics), By End-Use (Light Vehicle OEM, Commercial OEM, Automotive Refinish) – Market Size, Trends, And Global Forecast 2022-2026

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The automotive coatings market consists of sales of automotive coatings by entities (organizations, sole traders, and partnerships) that are applied on the surface of automobiles to protect them from corrosion and improve their aesthetic value. The automotive coatings are used to coat vehicle interior and exterior parts with some powder or liquid to enhance the look, and toughness of automobiles and also to make them heat, and shock-resistant.

The main coat types of automotive coating are clearcoat, the basecoat, e-coat, and primer. The vehicle clear coat is the final coat of paint that is applied to the vehicle after the primer and pigmented paint have been applied. It's a clear, glossy coating that's meant to improve the look of the vehicle paint while also protecting it from environmental damage. The coatings are manufactured based on various technologies such as solvent-borne, water-borne, powder coatings using polyurethane, epoxy, and acrylic resins. The automotive coatings are used on metal and plastic substrates for OEM and refinishing applications.

The global automotive coatings market size is expected to grow from $16.66 billion in 2021 to $18.56 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The global automotive coatings market size is expected to grow to $24.55 billion in 2026 at a CAGR of 7.2%.

The increasing demand for lightweight vehicles is significantly contributing to the growth of the automotive coatings market. Stringent emission norms and the growing need for reduction in fuel consumption have supported the demand for lightweight vehicles. The lightweight vehicle surfaces are coated with different types of coatings for protective as well as decorative purposes. Automotive coatings protect the automobile surface from corrosions as well as decrease the overall weight of vehicles. For instance, according to the National Automobile Dealers Association (NADA), a US-based automobile trade organization, in 2021, the new lightweight vehicles sales have increased to 14.93 million units, up 3.1% from 2020. Therefore, the increasing demand for lightweight is expected to support the growth of the automotive coatings market going forward.

Strategic collaborations between companies have emerged as a key trend gaining popularity in the automotive coating market. Companies in the automotive coating industry are undergoing various collaborations to develop new technologies and products. For instance, in 2020, IGL Coatings, a pioneer in ceramic and automobile eco-friendly coating has announced a strategic partnership with Yamaclar, a multi-generational Turkish company that manufactures various automotive paints, for the distribution of its products in Turkey. Moreover, in 2020, BASF, a Germany-based automotive manufacturer in China has signed a cooperative agreement with GACNE, a pioneer in the automotive paint industry, to improve product quality and efficiency while also implementing digital automotive coatings solutions.

In April 2021, PPG Industries Inc., a US-based company that distributed and manufactures a wide range of coatings, paints, and specialty materials acquired Cetelon Lackfabrik GmbH for an undisclosed amount. Through this acquisition, PPG Industries Inc will be able to expand its existing coatings product portfolio, liquid and powder coating technologies, and color matching capabilities. Cetelon Lackfabrik GmbH is a German-based company that develops and manufactures a wide range of coating systems for the automobile industry.

Major players in the automotive coatings market are The Valspar Corporation, Solvay, Sherwin-Williams Company, PPG Industries, Nippon Paint Automotive Coatings Co. Ltd., Lord Corporation, KCC Paint, Kansai Paint Co. Ltd, Arkema SA, Eastman Chemical, Clariant AG, Cabot Corporation, Berger Paints, Beckers Group, Bayer AG, BASF SE, Axalta Coating Systems, and Akzo Nobel N.V.

Asia Pacific was the largest region in the automotive coatings market in 2021. Asia Pacific is expected to be the fastest-growing region in the global automotive coatings market during the forecast period. The regions covered in the global automotive coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the automotive coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The global automotive coatings market 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

    Table Of Contents

    1. Executive Summary

    2. Automotive Coatings Market Characteristics

    3. Automotive Coatings Market Trends And Strategies

    4. Impact Of COVID-19 On Automotive Coatings

    5. Automotive Coatings Market Size And Growth

    5.1. Global Automotive Coatings Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Automotive Coatings Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Automotive Coatings Market Segmentation

    6.1. Global Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Clearcoat

    Basecoat

    E-Coat

    Primer

    6.2. Global Automotive Coatings Market, Segmentation By Resin Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Polyurethane

    Epoxy

    Acrylic

    6.3. Global Automotive Coatings Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Waterborne Coatings

    Solventborne Coatings

    Powder Coatings

    UV-Cured Coatings

    6.4. Global Automotive Coatings Market, Segmentation By Substrate, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Metal

    Plastics

    6.5. Global Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Light Vehicle OEM

    Commercial OEM

    Automotive Refinish

    7. Automotive Coatings Market Regional And Country Analysis

    7.1. Global Automotive Coatings Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Automotive Coatings Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Automotive Coatings Market

    8.1. Asia-Pacific Automotive Coatings Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8.3. Asia-Pacific Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Automotive Coatings Market

    9.1. China Automotive Coatings Market Overview

    9.2. China Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    9.3. China Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Automotive Coatings Market

    10.1. India Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    10.2. India Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Automotive Coatings Market

    11.1. Japan Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11.2. Japan Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Automotive Coatings Market

    12.1. Australia Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12.2. Australia Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Automotive Coatings Market

    13.1. Indonesia Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13.2. Indonesia Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Automotive Coatings Market

    14.1. South Korea Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14.2. South Korea Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Automotive Coatings Market

    15.1. Western Europe Automotive Coatings Market Overview

    15.2. Western Europe Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15.3. Western Europe Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Automotive Coatings Market

    16.1. UK Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16.2. UK Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Automotive Coatings Market

    17.1. Germany Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17.2. Germany Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Automotive Coatings Market

    18.4. France Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18.5. France Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Automotive Coatings Market

    19.1. Eastern Europe Automotive Coatings Market Overview

    19.2. Eastern Europe Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19.3. Eastern Europe Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Automotive Coatings Market

    20.1. Russia Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20.2. Russia Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Automotive Coatings Market

    21.1. North America Automotive Coatings Market Overview

    21.2. North America Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21.3. North America Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Automotive Coatings Market

    22.1. USA Automotive Coatings Market Overview

    22.2. USA Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22.3. USA Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Automotive Coatings Market

    23.1. South America Automotive Coatings Market Overview

    23.2. South America Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23.3. South America Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Automotive Coatings Market

    24.1. Brazil Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24.2. Brazil Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Automotive Coatings Market

    25.1. Middle East Automotive Coatings Market Overview

    25.2. Middle East Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25.3. Middle East Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Automotive Coatings Market

    26.1. Africa Automotive Coatings Market Overview

    26.2. Africa Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26.3. Africa Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Automotive Coatings Market Competitive Landscape And Company Profiles

    27.1. Automotive Coatings Market Competitive Landscape

    27.2. Automotive Coatings Market Company Profiles

    27.2.1. The Valspar Corporation

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Solvay

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Sherwin-Williams Company

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. PPG Industries

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Nippon Paint Automotive Coatings Co. Ltd.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Automotive Coatings Market

    29. Automotive Coatings Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Automotive Coatings Market, Segmentation By Resin Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Automotive Coatings Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Automotive Coatings Market, Segmentation By Substrate, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Global Automotive Coatings Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Global Automotive Coatings Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: Asia-Pacific, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: Asia-Pacific, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: China, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: China, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: India, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: India, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Japan, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Japan, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Australia, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Australia, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Indonesia, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: Indonesia, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: South Korea, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: South Korea, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Western Europe, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Western Europe, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: UK, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: UK, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: Germany, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: Germany, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 30: France, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 31: France, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 32: Eastern Europe, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 33: Eastern Europe, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 34: Russia, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 35: Russia, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 36: North America, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 37: North America, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 38: USA, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 39: USA, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 40: South America, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 41: South America, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 42: Brazil, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 43: Brazil, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 44: Middle East, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 45: Middle East, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 46: Africa, Automotive Coatings Market, Segmentation By Coat Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 47: Africa, Automotive Coatings Market, Segmentation By End-Use, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 48: The Valspar Corporation Financial Performance
  • Table 49: Solvay Financial Performance
  • Table 50: Sherwin-Williams Company Financial Performance
  • Table 51: PPG Industries Financial Performance
  • Table 52: Nippon Paint Automotive Coatings Co. Ltd. Financial Performance

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