Automotive Paint Trends and Forecast
The future of the global automotive paint market looks promising with opportunities in the polyurethane, epoxy, and acrylic markets. The global automotive paint market is expected to reach an estimated $15.9 billion by 2030 with a CAGR of 8.3% from 2024 to 2030. The major drivers for this market are increasing production of vehicles, rise in the market for environmentally friendly car paints, along with the growing use of water-borne and powder coating technologies in the automotive industry to lessen their negative effects on the environment.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Paint by Segment
The study includes a forecast for the global automotive paint by technology, paint type, resin, vehicle type, and region.
Automotive Paint Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Solvent Borne
• Waterborne
• Powder Coating
Automotive Paint Market by Paint Type [Shipment Analysis by Value from 2018 to 2030]:
• Electrocoat
• Basecoat
• Primer
• Clearcoat
Automotive Paint Market by Resin [Shipment Analysis by Value from 2018 to 2030]:
• Polyurethane
• Epoxy
• Acrylic
• Others
Automotive Paint Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Car
• Light Commercial Vehicle
• Trucks
• Buses
Automotive Paint Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Paint Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive paint companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive paint companies profiled in this report include-
• PPG Industries
• Axalta Coating Systems
• Akzo Nobel
• BASF
• The Sherwin Williams Company
• Valspar
• DOW Chemical
• 3M
• KCC
• Nippon Paint
Automotive Paint Market Insights
Lucintel forecasts that solvent borne will remain the largest segment over the forecast period because their advantages include improved durability and adhesion, ease of spraying, quicker drying time, and a larger selection of colors and finishes.
Within this market, polyurethane will remain the largest segment.
APAC will remain the largest region over the forecast period due to rising demand for electric vehicles in the region which requires specialized automotive paints.
Features of the Global Automotive Paint Market
Market Size Estimates: Automotive paint market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive paint market size by technology, paint type, resin, vehicle type, and region in terms of value ($B).
Regional Analysis: Automotive paint market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technology, paint type, resin, vehicle type, and regions for the automotive paint market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive paint market.
Analyse de l'intensité concurrentielle de l'industrie basée sur le modèle des cinq forces de Porter.
FAQ
Q1. What is the automotive paint market size?
Answer: The global automotive paint market is expected to reach an estimated $15.9 billion by 2030.
Q2. What is the growth forecast for automotive paint market?
Answer: The global automotive paint market is expected to grow with a CAGR of 8.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive paint market?
Answer: The major drivers for this market are increasing production of vehicles, rise in the market for environmentally friendly car paints, along with the growing use of water-borne and powder coating technologies in the automotive industry to lessen their negative effects on the environment.
Q4. What are the major segments for automotive paint market?
Answer: The future of the global automotive paint market looks promising with opportunities in the polyurethane, epoxy, and acrylic markets.
Q5. Who are the key automotive paint market companies?
Answer: Some of the key automotive paint companies are as follows:
• PPG Industries
• Axalta Coating Systems
• Akzo Nobel
• BASF
• The Sherwin Williams Company
• Valspar
• DOW Chemical
• 3M
• KCC
• Nippon Paint
Q6. Which automotive paint market segment will be the largest in future?
Answer: Lucintel forecasts that solvent borne will remain the largest segment over the forecast period because their advantages include improved durability and adhesion, ease of spraying, quicker drying time, and a larger selection of colors and finishes.
Q7. In automotive paint market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising demand for electric vehicles in the region which requires specialized automotive paints.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive paint market by technology (solvent borne, waterborne, and powder coating), paint type (electrocoat, basecoat, primer, and clearcoat), resin (polyurethane, epoxy, acrylic, and others), vehicle type (passenger car, light commercial vehicle, trucks, and buses), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Paint Market, Automotive Paint Market Size, Automotive Paint Market Growth, Automotive Paint Market Analysis, Automotive Paint Market Report, Automotive Paint Market Share, Automotive Paint Market Trends, Automotive Paint Market Forecast, Automotive Paint Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.