Automotive Paints and Coatings Market Growth, Trends, Size, Revenue, Scope and Future Outlook
Automotive Paints and Coatings Market Size- By Vehicle Type, By Coating Type, By Technology, By Texture, By Distribution Channel, By Raw Material- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: AMIN23196 | Pages: 1 - 235 | Formats*: |
| Category : Automotive & Transportation | |||
Automotive Paints and Coatings Market Introduction and Overview
According to SPER Market Research, the Global Automotive Paints and Coatings Market is estimated to reach USD 38.86 billion by 2033 with a CAGR of 7.8%.
The report includes an in-depth analysis of the Global Automotive Paints and Coatings Market, including market size and trends, product mix, applications, and supplier analysis. The automotive paints and coatings market focuses around the vibrant, protective layers that keep cars sparkling and durable. These one-of-a-kind paints do more than just look good; they help protect vehicles from scratches, rust, and severe weather. Consider a car that lacks vibrant hues and protective coatings; it would not last long on the road! Companies create these coatings with ecologically friendly, cutting-edge technologies. As more people buy cars around the world, the need for these paints rises. These paints and coatings are useful not only for new cars, but also for older vehicles that need a new look or repairs. So it's not just about making cars seem great; it's also about making them safe and stylish for everyone on the road.
- March 2023: AkzoNobel purchased AkzoNobel's Performance Coatings division. This acquisition will assist AkzoNobel in becoming a global leader in vehicle coatings.
- April 2022: AkzoNobel and Microsoft have launched a partnership to investigate how quantum computing might assist accelerate the development of high-performance, more sustainable paints and coatings. As a result, industry participants' endeavours are expected to drive the automotive paints market throughout the forecast period.
Market Opportunities and Challenges
Consumer inclination for appealing texture and better visual look of automobiles drives the worldwide automotive paints & coatings market expansion. At the moment, major advantages provided by paints and coatings such as UV protection and colour preservation are gaining popularity. The introduction of different exterior car colours and paint treatments has created tremendous market growth possibilities. Furthermore, the ongoing involvement of industry participants in developing cutting-edge and cost-effective coating and paint solutions is expected to drive market expansion in the approaching years. Furthermore, increased commercial and passenger car manufacturing is likely to drive up paints and coatings demand during the projection period. The increased production of vehicles and the growing consumer preference for dual-colour options are driving market share in automotive layers and coatings. Industry participants invest in technology and give clients customisable vehicle options. Furthermore, better scratch resistance, corrosion resistance, and improved finishing are gaining market traction. Customers anticipate new colour combinations and solutions in autos that emphasise sustainability, durability, and attractiveness. Manufacturers engage with car OEMs to minimise harmful compounds in paints, with the goal of eliminating toxic gas emissions during painting.
In a variety of ways, the rising technological improvements in automobile safety measures to prevent accidents are constraining market growth. Manufacturers may face difficulties as a result of stringent environmental rules governing the use of volatile organic compounds (VOCs) and hazardous chemicals in automobile paints and coatings. These policies are intended to reduce air pollution and promote environmentally friendly behaviours. Creating coatings that meet these criteria while retaining good performance can be both technically difficult and expensive. Pigments, resins, solvents, and additives are among the raw materials used in the automobile paints and coatings business. Price fluctuations in these basic materials can have a substantial impact on the manufacturing costs of paints and coatings. Price fluctuation can disrupt supply chains, impact profitability, and make it difficult to maintain competitive pricing.
Market Competitive Landscape
The major players in the Global Automotive Paints and Coatings Market include: Akzo Nobel NV, Axalta Coating Systems, BASF SE, Cabot Corp, Clariant AG, Covestro, Donglai Coating Technology, Dupont, Eastman, Kansai Paint Co. Ltd, KCC Corporation, Nippon Paint Holdings Co. Ltd. To increase their market presence, these sector giants compete through product innovation, technological developments, and strategic collaborations. Companies seek to accommodate to increasing customer demands while adhering to severe environmental requirements by focusing on sustainable solutions, unique colour options, and fast application procedures. This competitive environment encourages constant progress in paint durability, aesthetics, and performance, while emphasising eco-friendly procedures to meet both customer needs and environmental concerns.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Vehicle Type, By Coating Type, By Technology, By Texture, By Distribution Channel, By Raw Material |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Akzo Nobel NV, Axalta Coating Systems, BASF SE, Cabot Corp, Clariant AG, Covestro, Donglai Coating Technology, Dupont, Eastman, Kansai Paint Co. Ltd, KCC Corporation, Nippon Paint Holdings Co. Ltd |
COVID-19 Impact on Global Automotive Paints and Coatings Market
The pandemic of COVID-19 has had a wide-ranging influence on the automotive paints and coatings sector. Disruptions in the global supply chain caused by lockdowns and movement restrictions hampered the creation of these products by limiting access to crucial raw materials. Widespread shutdowns and decreased consumer spending resulted in a drop in vehicle manufacturing and aftermarket activity, which had a direct impact on demand for paints and coatings. Consumer behaviour changes affected by economic uncertainties influenced car purchasing patterns, affecting the need for coatings in manufacturing. In addition, the industry has seen a shift towards digital channels for marketing and sales. In the face of these issues, companies in the automotive paints and coatings sector sought to adapt by developing goods such as antimicrobial coatings and seeking new ways to reach consumers online.
Key Target Audience
- Automobile Manufacturer
- Paints and Coating Suppliers
- Automotive Repair and Body Shops
- Environmental agencies
Our in-depth analysis of the Automotive Paints and Coatings Market includes the following segments:
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| By Coating Type: |
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Key Topics Covered in the Report
- Global Automotive Paints and Coatings Market Size (FY’2023-FY’2033)
- Overview of Global Automotive Paints and Coatings Market
- Segmentation of Global Automotive Paints and Coatings Market By Vehicle Type, (Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Cars)
- Segmentation of Global Automotive Paints and Coatings Market By Coating Type (Basecoat, Clearcoat, Electrocoat, Primer)
- Segmentation of Global Automotive Paints and Coatings Market By Technology (Powder, Solvent borne, UV Curved, Waterborne)
- Segmentation of Global Automotive Paints and Coatings Market By Texture (Matte, Metallic, Solid)
- Segmentation of Global Automotive Paints and Coatings Market By Distribution Channel (Aftermarket, Authorized Service Centres, Others)
- Segmentation of Global Automotive Paints and Coatings Market By Raw Material (Acrylic, Epoxy, Other Resins, Polyurethane)
- Statistical Snap of Global Automotive Paints and Coatings Market
- Expansion Analysis of Global Automotive Paints and Coatings Market
- Problems and Obstacles in Global Automotive Paints and Coatings Market
- Competitive Landscape in the Global Automotive Paints and Coatings Market
- Impact of COVID-19 and Demonetization on Global Automotive Paints and Coatings Market
- Details on Current Investment in Global Automotive Paints and Coatings Market
- Competitive Analysis of Global Automotive Paints and Coatings Market
- Prominent Players in the Global Automotive Paints and Coatings Market
- SWOT Analysis of Global Automotive Paints and Coatings Market
- Global Automotive Paints and Coatings Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Automotive Paints and Coatings Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Paints and Coatings Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Paints and Coatings Market
7. Global Automotive Paints and Coatings Market, By Vehicle Type (USD Million)
7.1. Global Automotive Paints and Coatings Market Value Share and Forecast, By Vehicle Type, 2023-20337.2. Heavy Commercial Vehicles7.3. Light Commercial Vehicles7.4. Passenger Cars
8. Global Automotive Paints and Coatings Market, By Coating Type (USD Million)
8.1. Global Automotive Paints and Coatings Market Value Share and Forecast, By Coating Type, 2023-20338.2. Basecoat8.3. Clearcoat8.4. Electrocoat8.5. Primer
9. Global Automotive Paints and Coatings Market, By Technology (USD Million)
9.1. Global Automotive Paints and Coatings Market Value Share and Forecast, By Technology, 2023-20339.2. Powder9.3. Solvent borne9.4. UV Curved9.5. Waterborne
10. Global Automotive Paints and Coatings Market, By Texture (USD Million)
10.1. Global Automotive Paints and Coatings Market Value Share and Forecast, By Texture, 2023-203310.2. Matte10.3. Metallic10.4. Solid
11. Global Automotive Paints and Coatings Market, By Distribution Channel (USD Million)
11.1. Global Automotive Paints and Coatings Market Value Share and Forecast, By Distribution Channel, 2023-203311.2. Aftermarket11.3. Authorized Service Centres (OEMs)11.4. Others
12. Global Automotive Paints and Coatings Market, By Raw Material (USD Million)
12.1. Global Automotive Paints and Coatings Market Value Share and Forecast, By Raw Material, 2023-203312.2. Acrylic12.3. Epoxy12.4. Polyurethane12.5. Other Resins
13. Global Automotive Paints and Coatings Market Forecast, 2019-2033 (USD Million)
13.1. Global Automotive Paints and Coatings Market Size and Market Share
14. Global Automotive Paints and Coatings Market, By Vehicle Type, 2019-2033 (USD Million)
14.1. Global Automotive Paints and Coatings Market Size and Market Share By Vehicle Type (2019-2026)14.2. Global Automotive Paints and Coatings Market Size and Market Share By Vehicle Type (2027-2033)
15. Global Automotive Paints and Coatings Market, By Coating Type, 2019-2033 (USD Million)
15.1. Global Automotive Paints and Coatings Market Size and Market Share By Coating Type (2019-2026)15.2. Global Automotive Paints and Coatings Market Size and Market Share By Coating Type (2027-2033)
16. Global Automotive Paints and Coatings Market, By Technology, 2019-2033 (USD Million)
16.1. Global Automotive Paints and Coatings Market Size and Market Share By Technology (2019-2026)
16.2. Global Automotive Paints and Coatings Market Size and Market Share By Technology (2027-2033)
17. Global Automotive Paints and Coatings Market, By Texture, 2019-2033 (USD Million)
17.1. Global Automotive Paints and Coatings Market Size and Market Share By Texture (2019-2026)17.2. Global Automotive Paints and Coatings Market Size and Market Share By Texture (2027-2033)
18. Global Automotive Paints and Coatings Marke, By Distribution Channel, 2019-2033 (USD Million)
18.1. Global Automotive Paints and Coatings Market Size and Market Share By Distribution Channel (2019-2026)18.2. Global Automotive Paints and Coatings Market Size and Market Share By Distribution Channel (2027-2033)
19. Global Automotive Paints and Coatings Marke, By Raw Material, 2019-2033 (USD Million)
19.1. Global Automotive Paints and Coatings Market Size and Market Share By Raw Material (2019-2026)19.2. Global Automotive Paints and Coatings Market Size and Market Share By Raw Material (2027-2033)
20. Global Automotive Paints and Coatings Market, By Region, 2019-2033 (USD Million)
20.1. Global Automotive Paints and Coatings Market Size and Market Share By Region (2019-2026)20.2. Global Automotive Paints and Coatings Market Size and Market Share By Region (2027-2033)
20.3. Asia-Pacific
20.3.1. Australia20.3.2. China20.3.3. India20.3.4. Japan20.3.5. South Korea20.3.6. Rest of Asia-Pacific
20.4. Europe
20.4.1. France20.4.2. Germany20.4.3. Italy20.4.4. Spain20.4.5. United Kingdom20.4.6. Rest of Europe
20.5. Middle East and Africa
20.5.1. Kingdom of Saudi Arabia20.5.2. United Arab Emirates20.5.3. Rest of Middle East & Africa
20.6. North America
20.6.1. Canada20.6.2. Mexico20.6.3. United States
20.7. Latin America
20.7.1. Argentina20.7.2. Brazil20.7.3. Rest of Latin America
21. Company Profile
21.1. Akzo Nobel NV
21.1.1. Company details21.1.2. Financial outlook21.1.3. Product summary21.1.4. Recent developments
21.2. Axalta Coating System
21.2.1. Company details21.2.2. Financial outlook21.2.3. Product summary21.2.4. Recent developments
21.3. BASF SE
21.3.1. Company details21.3.2. Financial outlook21.3.3. Product summary21.3.4. Recent developments
21.4. Cabot Corp
21.4.1. Company details21.4.2. Financial outlook21.4.3. Product summary21.4.4. Recent developments
21.5. Clariant AG
21.5.1. Company details21.5.2. Financial outlook21.5.3. Product summary21.5.4. Recent developments
21.6. Covestro
21.6.1. Company details21.6.2. Financial outlook21.6.3. Product summary21.6.4. Recent developments
21.7. Donglai Coating Technology
21.7.1. Company details21.7.2. Financial outlook21.7.3. Product summary21.7.4. Recent developments
21.8. Dupont
21.8.1. Company details21.8.2. Financial outlook21.8.3. Product summary21.8.4. Recent developments
21.9. Eastman
21.9.1. Company details21.9.2. Financial outlook21.9.3. Product summary21.9.4. Recent developments
21.10. Kansai Paint Co. Ltd
21.10.1. Company details21.10.2. Financial outlook21.10.3. Product summary21.10.4. Recent developments
21.11. KCC Corporation
21.11.1. Company details21.11.2. Financial outlook21.11.3. Product summary21.11.4. Recent developments
21.12. Nippon Paints Holdings Co. Ltd
21.12.1. Company details21.12.2. Financial outlook21.12.3. Product summary21.12.4. Recent developments
21.13. Others
22. List of Abbreviations
23. Reference Links
24. Conclusion
25. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Automotive Paints and Coatings Market is projected to reach USD 38.86 billion by 2033, growing at a CAGR of 7.8% during the forecast period.
Automotive Paints and Coatings Market grew in market size from 2022. The Market is expected to reach USD 231.78 billion by 2033, at a CAGR of 7.8% during the forecast period.
Automotive Paints and Coatings Market CAGR of 7.8% during the forecast period.
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France Freight and logistics Market size is USD 38.86 billion from 2023 to 2033.
Automotive Paints and Coatings Market Segment is covered By Vehicle Type, By Coating Type, By Technology, By Texture, By Distribution Channel, By Raw Material.
The North America is anticipated to have the highest market share in the Automotive Paints and Coatings Market.
The key players in the market include Companies Covered Akzo Nobel NV, Axalta Coating Systems, BASF SE, Cabot Corp, Clariant AG, Covestro, Donglai Coating Technology, Dupont, Eastman, Kansai Paint Co. Ltd, KCC Corporation, Nippon Paint Holdings Co. Ltd.
The automotive paints and coatings market focuses around the vibrant, protective layers that keep cars sparkling and durable.
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