Summary

The global automotive coatings market was valued at $18.8 billion in 2022, and is projected to reach $37.4 billion by 2032, growing at a CAGR of 7.2% from 2023 to 2032.
Automotive coatings refer to specialized materials applied to the surfaces of vehicles, primarily automobiles, to provide a protective and decorative layer. These coatings help protect the exterior of the vehicle from environmental elements, along with enhancing aesthetics, and overall durability. Automotive coatings are crucial for maintaining the appearance and integrity of vehicles over time.

Automotive coatings play a vital role in the automotive industry by increasing vehicle efficiency, reducing maintenance cost, and improving the overall aesthetics. Automotive coatings are applied to the metal surfaces of vehicles to protect them from corrosion caused by exposure to moisture, salt, and other environmental elements. This is essential for prolonging the lifespan of the vehicle and maintaining its structural integrity. The U.S. Department of Energy (DOE) announced an investment of $19.7 million for the Vehicle Technologies Office to support R&D of advanced vehicle technologies, including batteries and lightweight & low-cost automotive coatings for the development of energy-efficient automobiles.
In addition, the overall demand for automotive coatings is closely related to the number of vehicles being sold and produced worldwide. The need for coatings to maintain and service vehicles increases as the global automotive industry expands. These factors are expected to drive the market growth in the automotive industry during the forecast period.

The production and application of automotive coatings can have environmental implications. Traditional solvent-based coatings may release volatile organic compounds (VOCs), contributing to air pollution. Waterborne and powder coatings are alternatives designed to reduce environmental impact. The aftermarket segment offers opportunities for coatings that cater to vehicle customization, restoration, and refinishing. Consumer interest in maintaining and enhancing the appearance of their vehicles presents a growing market for aftermarket automotive coatings.
The expansion of the automotive industry in emerging markets, coupled with increased consumer purchasing power, creates new opportunities for automotive coatings. Adapting coatings to meet regional preferences and environmental conditions is crucial in these markets. These factors are projected to boost the growth of the automotive coating market; thus, offering the most lucrative opportunities during the forecast period.
For the purpose of analysis, the automotive coatings market is segmented on the basis of resin type, vehicle type, application, and region. By resin type, the market is categorized into epoxy, acrylic, polyurethane, and others. By vehicle type, it is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. On the basis of technology, the market is classified into solvent-borne, water-borne, powder coating, and UV cured coatings. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global automotive coatings market include Arkema, Akzonobel, PPG Industries Inc, Solvay, Clariant AG, Nippon Paint Holdings Co., Ltd., Kansai Paints Co. Ltd., Axalta Coating Systems LLC., BASF India Ltd, Cabot Corporation, and Beckers Group AB.

Key Benefits For Stakeholders
●This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive coatings market analysis from 2022 to 2032 to identify the prevailing automotive coatings market opportunities.
●The market research is offered along with information related to key drivers, restraints, and opportunities.
●Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
●In-depth analysis of the automotive coatings market segmentation assists to determine the prevailing market opportunities.
●Major countries in each region are mapped according to their revenue contribution to the global market.
●Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
●The report includes the analysis of the regional as well as global automotive coatings market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:
● Quarterly Update and* (only available with a corporate license, on listed price)
● 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
● Free Upcoming Version on the Purchase of Five and Enterprise User License.
● 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
● 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
● Free data Pack on the Five and Enterprise User License. (Excel version of the report)
● Free Updated report if the report is 6-12 months old or older.
● 24-hour priority response*
● Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
● Industry life cycle assessment, by region
● Investment Opportunities
● Product Life Cycles
● New Product Development/ Product Matrix of Key Players
● Pain Point Analysis
● Regulatory Guidelines
● Brands Share Analysis
● Historic market data
● Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Key Market Segments
By Technology
● Solvent-Borne
● Water-Borne
● Powder Coating
● UV cured coatings
By Resin Type
● Epoxy
● Acrylic
● Polyurethane
● Others
By Vehicle Type
● Passenger Cars
● Light Commercial Vehicles
● Heavy Commercial Vehicles
By Region
● North America
○ U.S.
○ Canada
○ Mexico
● Europe
○ Germany
○ France
○ UK
○ Spain
○ Italy
○ Rest of Europe
● Asia-Pacific
○ China
○ India
○ Japan
○ South Korea
○ Australia
○ Rest of Asia-Pacific
● LAMEA
○ Brazil
○ South Africa,
○ Saudi Arabia
○ Rest of LAMEA
● Key Market Players
○ Arkema
○ Kansai Paints Co. Ltd.
○ Solvay
○ PPG Industries Inc
○ akzonobel
○ Nippon Paint Holdings Co., Ltd.
○ Axalta Coating Systems LLC.
○ BASF India Ltd
○ Beckers Group AB
○ Cabot Corporation

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. High bargaining power of suppliers
3.3.2. Moderate threat of new entrants
3.3.3. High threat of substitutes
3.3.4. Moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Robust use of automotive coating in automotive industry
3.4.1.2. Advancements in technology and high production of vehicles
3.4.2. Restraints
3.4.2.1. Rising health concern and environmental impact
3.4.3. Opportunities
3.4.3.1. Development of automotive coatings and refinishing and emerging markets
3.5. Value Chain Analysis
3.6. Pricing Analysis
3.7. Key Regulation Analysis
3.8. Patent Landscape
CHAPTER 4: AUTOMOTIVE COATINGS MARKET, BY RESIN TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Epoxy
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Acrylic
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Polyurethane
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Others
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
CHAPTER 5: AUTOMOTIVE COATINGS MARKET, BY VEHICLE TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Passenger Cars
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Light Commercial Vehicles
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Heavy Commercial Vehicles
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: AUTOMOTIVE COATINGS MARKET, BY TECHNOLOGY
6.1. Overview
6.1.1. Market size and forecast
6.2. Solvent-Borne
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Water-Borne
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Powder Coating
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. UV cured coatings
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
CHAPTER 7: AUTOMOTIVE COATINGS MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by Resin Type
7.2.3. Market size and forecast, by Vehicle Type
7.2.4. Market size and forecast, by Technology
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by Resin Type
7.2.5.1.2. Market size and forecast, by Vehicle Type
7.2.5.1.3. Market size and forecast, by Technology
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by Resin Type
7.2.5.2.2. Market size and forecast, by Vehicle Type
7.2.5.2.3. Market size and forecast, by Technology
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by Resin Type
7.2.5.3.2. Market size and forecast, by Vehicle Type
7.2.5.3.3. Market size and forecast, by Technology
7.3. Europe
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by Resin Type
7.3.3. Market size and forecast, by Vehicle Type
7.3.4. Market size and forecast, by Technology
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Market size and forecast, by Resin Type
7.3.5.1.2. Market size and forecast, by Vehicle Type
7.3.5.1.3. Market size and forecast, by Technology
7.3.5.2. France
7.3.5.2.1. Market size and forecast, by Resin Type
7.3.5.2.2. Market size and forecast, by Vehicle Type
7.3.5.2.3. Market size and forecast, by Technology
7.3.5.3. UK
7.3.5.3.1. Market size and forecast, by Resin Type
7.3.5.3.2. Market size and forecast, by Vehicle Type
7.3.5.3.3. Market size and forecast, by Technology
7.3.5.4. Spain
7.3.5.4.1. Market size and forecast, by Resin Type
7.3.5.4.2. Market size and forecast, by Vehicle Type
7.3.5.4.3. Market size and forecast, by Technology
7.3.5.5. Italy
7.3.5.5.1. Market size and forecast, by Resin Type
7.3.5.5.2. Market size and forecast, by Vehicle Type
7.3.5.5.3. Market size and forecast, by Technology
7.3.5.6. Rest of Europe
7.3.5.6.1. Market size and forecast, by Resin Type
7.3.5.6.2. Market size and forecast, by Vehicle Type
7.3.5.6.3. Market size and forecast, by Technology
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by Resin Type
7.4.3. Market size and forecast, by Vehicle Type
7.4.4. Market size and forecast, by Technology
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by Resin Type
7.4.5.1.2. Market size and forecast, by Vehicle Type
7.4.5.1.3. Market size and forecast, by Technology
7.4.5.2. India
7.4.5.2.1. Market size and forecast, by Resin Type
7.4.5.2.2. Market size and forecast, by Vehicle Type
7.4.5.2.3. Market size and forecast, by Technology
7.4.5.3. Japan
7.4.5.3.1. Market size and forecast, by Resin Type
7.4.5.3.2. Market size and forecast, by Vehicle Type
7.4.5.3.3. Market size and forecast, by Technology
7.4.5.4. South Korea
7.4.5.4.1. Market size and forecast, by Resin Type
7.4.5.4.2. Market size and forecast, by Vehicle Type
7.4.5.4.3. Market size and forecast, by Technology
7.4.5.5. Australia
7.4.5.5.1. Market size and forecast, by Resin Type
7.4.5.5.2. Market size and forecast, by Vehicle Type
7.4.5.5.3. Market size and forecast, by Technology
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Market size and forecast, by Resin Type
7.4.5.6.2. Market size and forecast, by Vehicle Type
7.4.5.6.3. Market size and forecast, by Technology
7.5. LAMEA
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by Resin Type
7.5.3. Market size and forecast, by Vehicle Type
7.5.4. Market size and forecast, by Technology
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Market size and forecast, by Resin Type
7.5.5.1.2. Market size and forecast, by Vehicle Type
7.5.5.1.3. Market size and forecast, by Technology
7.5.5.2. South Africa,
7.5.5.2.1. Market size and forecast, by Resin Type
7.5.5.2.2. Market size and forecast, by Vehicle Type
7.5.5.2.3. Market size and forecast, by Technology
7.5.5.3. Saudi Arabia
7.5.5.3.1. Market size and forecast, by Resin Type
7.5.5.3.2. Market size and forecast, by Vehicle Type
7.5.5.3.3. Market size and forecast, by Technology
7.5.5.4. Rest of LAMEA
7.5.5.4.1. Market size and forecast, by Resin Type
7.5.5.4.2. Market size and forecast, by Vehicle Type
7.5.5.4.3. Market size and forecast, by Technology
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. Arkema
9.1.1. Company overview
9.1.2. Key executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.2. akzonobel
9.2.1. Company overview
9.2.2. Key executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.3. PPG Industries Inc
9.3.1. Company overview
9.3.2. Key executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.4. Solvay
9.4.1. Company overview
9.4.2. Key executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.5. Nippon Paint Holdings Co., Ltd.
9.5.1. Company overview
9.5.2. Key executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.6. Kansai Paints Co. Ltd.
9.6.1. Company overview
9.6.2. Key executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.7. Axalta Coating Systems LLC.
9.7.1. Company overview
9.7.2. Key executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.7.7. Key strategic moves and developments
9.8. BASF India Ltd
9.8.1. Company overview
9.8.2. Key executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Business performance
9.9. Beckers Group AB
9.9.1. Company overview
9.9.2. Key executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. Cabot Corporation
9.10.1. Company overview
9.10.2. Key executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance