The global automotive paint market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. In terms of type, the solvent-based automotive paint segment is expected to hold a major share in the global automotive paint market during the forecast period. This can be attributed to its properties such as high gloss finish, durability, and resistance against fading and chipping.
A type of paint that is used on automobiles. It is a type of enamel that is applied to the car's body to protect it from rust and corrosion.
Solvent is basically a paint thinner that reduces the viscosity of the paint and allows it to flow easily. It's major applications are in automotive paints, but it also finds its use in wood finishing, printing Inks and coatings among others. The growth factor for solvent based paints market is mainly driven by growing demand from emerging economies such as China & India due to low cost coupled with high performance offered by these products.
Water is one of the important ingredients used in the formulation of automotive paints. It helps in reducing friction between surfaces, thus making it easier for paint to stick. Also, it acts as a carrier for carrying pigments and additives into the paint layer. The viscosity of water is very low compared to that of other solvents which makes its application easy and also reduces wastage during mixing with other materials.
Passenger vehicle application dominated the global automotive paint market, accounting for more than 47.0% share of the overall revenue in 2017. Rising demand for passenger vehicles in developing countries such as China and India is expected to remain a key trend driving the segment over the forecast period. In addition, increasing sales of passenger cars in developed countries including Germany, France and U.K., are anticipated to propel industry growth over the next eight years.
The commercial vehicle application segment is projected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to rising demand from construction companies across various regions including North America and Europe Pacific Asia on account of increasing infrastructure spending by governments worldwide mainly due to increased awareness regarding road safety coupled with improved economic conditions resulting into higher disposable income levels which will increase investments into new commercial vehicles or trucks thereby supporting segment growth during this period.
Asia Pacific accounted for the largest market share in 2017 and is anticipated to witness significant growth over the forecast period. This can be attributed to increasing automobile production in countries, such as China, India, Japan and South Korea. Moreover, rising disposable income levels coupled with a growing population will also have a positive impact on regional growth. Increasing demand for luxury vehicles is expected to drive product demand further.
Europe was valued at USD X billion in 2017 owing to high automotive manufacturing standards across Germany, U-K., France and Italy among other Eastern European countries that are members of the EU28+ association along with Norway & Switzerland (non-EU).
- Increasing demand for automobiles due to rising population and income levels in developing countries is expected to drive the automotive paint market growth.
- Stringent government regulations pertaining to vehicle emissions are likely to propel the need for new coatings with better environmental performance, thereby propelling the automotive paint market growth.
- Growing popularity of metallic and pearl finishes in vehicles is projected to fuel the demand for automotive paints, thereby driving the market growth over the forecast period.
- Increasing R&D investments by leading players towards development of innovative products is anticipated to boost Automotive Paint Market growth during forecast period
Scope Of The Report
Automotive Paint Market Research Report
Solvent, Water, Powder
Passenger Vehicle, Commercia Vehicle
PPG Industries, AkzoNobel, Henkel, Sherwin-Williams, Valspar, RPM International, Axalta Coating Systems, BASF, Kansai, KCC Corporation, Strong Chemical, YATU, Kinlita, FUTIAN Chemical Industry
North America, Europe, APAC, Latin America, MEA
2019 to 2020 (Data from 2010 can be provided as per availability)
Number of Pages
Number of Tables & Figures
Yes, the report can be customized as per your need.
Global Automotive Paint Market Report Segments:
The global Automotive Paint market is segmented on the basis of:
Solvent, Water, Powder
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Passenger Vehicle, Commercia Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PPG Industries
- RPM International
- Axalta Coating Systems
- KCC Corporation
- Strong Chemical
- FUTIAN Chemical Industry
Highlights of The Automotive Paint Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Application:
- Passenger Vehicle
- Commercia Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Paint Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive paint is a type of paint that is used on cars, trucks, and other vehicles. It is designed to protect the metal surface from scratches and dents. Automotive paint also helps to create a glossy finish.
Some of the major companies in the automotive paint market are PPG Industries, AkzoNobel, Henkel, Sherwin-Williams, Valspar, RPM International, Axalta Coating Systems, BASF, Kansai, KCC Corporation, Strong Chemical, YATU, Kinlita, FUTIAN Chemical Industry.
The automotive paint market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Paint Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automotive Paint Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive Paint Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automotive Paint Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automotive Paint Market Size & Forecast, 2020-2028 4.5.1 Automotive Paint Market Size and Y-o-Y Growth 4.5.2 Automotive Paint Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercia Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Paint Market Analysis and Forecast by Region
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Paint Market Size Forecast by Region
7.2.1 North America
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.2 North America Market Size Forecast by Country
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercia Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.2 Europe Market Size Forecast by Country
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercia Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.2 Asia Pacific Market Size Forecast by Country
11.2.3 South Korea
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercia Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.2 Latin America Market Size Forecast by Country
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercia Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercia Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Paint Market: Competitive Dashboard
14.2 Global Automotive Paint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG Industries
14.3.6 RPM International
14.3.7 Axalta Coating Systems
14.3.10 KCC Corporation
14.3.11 Strong Chemical
14.3.14 FUTIAN Chemical Industry