Automotive Paints Market
Global Automotive Paints Market Size, Share & Trends Analysis Report by Vehicle (Light Commercial Vehicle, Heavy Commercial Vehicle, and Passenger Cars), by Paint Type (Primer, Basecoat, Clearcoat, and Electrocoat) by Technology (Water Borne, Solvent Borne, and Powder), by Texture (Solid, Metallic, and Matte), and by Painting Equipment (Airless Spray Gun and Electrostatic Spray Gun) Forecast 2022-2028 Update Available - Forecast 2024-2030
The global automotive paints market is anticipated to grow at a significant CAGR of 4.2% during the forecast period. Government support to the automobile industry has been provided in a variety of forms, including subsidies to firms and direct involvement in industry restructuring plans. The increasing demand for automobiles results in increasing demand for automobile production is driving the growth of the automotive paint market over the forecast. According to India Brand Equity Foundation, in October 2021, the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles reached 2,214,745 units. Moreover, the automotive mission plan 2016-26 is a mutual initiative by the government of India and the Indian automotive industry to lay down the roadmap for the development of the industry, which will support the automotive paints market over the forecast. In 2020, India was the fifth-largest auto market, with ~3.49 million units combined sold in the passenger and commercial vehicles categories. It was the seventh-largest manufacturer of commercial vehicles in 2019.
Impact of COVID-19 Pandemic on Global Automotive Paints Market
The life-threatening effects of the COVID-19 Pandemic have intensely affected peoples, their working style, and lifestyles. Almost every industry across the globe has been suffering through the pandemic. One of the impacts of the Covid-19 has been the disruption in the global supply chain, with prices of raw material (RM), as well as freight and logistics, cost turning skywards. COVID-19 has had a major impact on the automotive paint market over the last two years. The supply chain across the industry was disturbed and due to lockdown, the production of automobiles was stopped, resulting in diminishing growth of the market over the forecast. Additionally, the shutdown of other supporting sectors has also affected the automotive paints industry.
Segmental Outlook
The global automotive paints market is segmented based on the vehicle, paint type, technology, texture, and painting equipment. Based on the vehicle, the market is segmented into light commercial vehicles, heavy commercial vehicles, and passenger cars. Based on the paint type, the market is sub-segmented into the primer, basecoat, Clearcoat, and electrocoat. Based on the technology, the market is augmented into water borne, solvent borne, and powder. Based on the texture, the market is again sub-segmented into solid, metallic, and matte. Based on the painting equipment, the market is bifurcated into the airless spray gun and electrostatic spray gun. Based on paint type, the basecoat is expected to hold a prominent share in the market. The basecoats act as both the basecoat and a primer, which is excluding the requirement for primers, boosting the growth of the basecoat segment.
Global Automotive Paints Market Share by Paint Type, 2021 (%)
Water Borne Segment is Expected to Hold the Prominent Share in the Global Automotive Paints Market
Based on technology, water borne is expected to hold a significant share in the market due to its environment-friendly properties which provide resistance to heat and abrasion, Low toxicity, and flammability due to low VOC levels and HAP emissions. Moreover, water borne coating provides good adhesion, and its costs less than solvent-borne coatings and requires no additives, thinners, or hardeners which will fuel the growth of the segment over the forecast.
Regional Outlooks
The global automotive paints market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The North America region is expected to hold a considerable share in the market due to the technological advancements in the region to fuel the growth of the market. The rising demand for custom paints and stringent regulations regarding environmental emissions, factors driving the growth of the automotive paints market over the forecast.
Global Automotive Paints Market Growth, by Region 2022-2028
The Asia-Pacific Region Holds the Major Share in the Global Automotive Paints Market
The Asia Pacific region is expected to hold a significant share in the automotive paints market. The rise in middle-class income and a young population will support strong growth in the automotive paints market over the forecast. For instance, according to RBI, net national income has increased from 8,766,345 in 2012-13 to 16,837,219 in 2018-19.
Market Players Outlook
The major companies serving the global automotive paints market include 3M, Axalta Coatings Systems, BASF SE, Berger Paints, Clariant AG, Covestro AG, DuPont de Numerous, Inc., Fabula Coatings India Pvt. Ltd., Nippon Paint Holdings Co. Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2020, Nippon Paint India, part of the NIPSEA Group, had launched a new international automotive refinish product system under the n-MAX brand. With this launch, Nippon Paint has expanded its presence in the Indian and International car refinishing markets through its new state of the art product line that is designed to excel in all geographical regions and weather conditions
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive paints market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Automotive Paints Market
• Recovery Scenario of Global Automotive Paints Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. 3M
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Axalta Coatings Systems
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. BASF SE
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Berger Paints
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Clariant AG
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Automotive Paints Market by Vehicle
4.1.1. Light Commercial Vehicle
4.1.2. Heavy Commercial Vehicle
4.1.3. Passenger Cars
4.2. Global Automotive Paints Market by Paint Type
4.2.1. Primer
4.2.2. Basecoat
4.2.3. Clearcoat
4.2.4. Electrocoat
4.3. 6 Global Automotive Paints Market by Technology
4.3.1. Water Borne
4.3.2. Solvent Borne
4.3.3. Powder
4.4. Global Automotive Paints Market by Texture
4.4.1. Solid
4.4.2. Metallic
4.4.3. Matte
4.5. Global Automotive Paints Market by Painting Equipment
4.5.1. Airless Spray Gun
4.5.2. Electrodtstic Spray Gun
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Akzo Nobel
6.2. Covestro AG
6.3. Cresta India Pvt. Ltd.
6.4. DuPont de Nemours, Inc.
6.5. Fabula Coatings India Pvt. Ltd.
6.6. Jotun A/S
6.7. Kansai Paint Co., Ltd.
6.8. Kwality Paints and Coatings Pvt. Ltd.
6.9. Nippon Paint Holdings Co. Ltd.
6.10. PPG Industries, Inc.
6.11. Sheenlac Paints Ltd.
6.12. The Sherwin-Williams Co.
6.13. The Solvay Group
1. GLOBAL AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY VEHICLE , 2021-2028 ($ MILLION)
2. GLOBAL AUTOMOTIVE PAINTS MARKET FOR LIGHT COMMERCIAL VEHICLES RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL AUTOMOTIVE PAINTS MARKET FOR HEAVY COMMERCIAL VEHICLES RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL AUTOMOTIVE PAINTS MARKET FOR PASSENGERS CARS RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY PAINT TYPE, 2021-2028 ($ MILLION)
6. GLOBAL PRIMER AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL BASECOAT AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL CLEARCOAT AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL ELECTROCOAT AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
11. GLOBAL WATER BORNE AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL SOLVENT BORNE AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL POWDER AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY TEXTURE , 2021-2028 ($ MILLION)
15. GLOBAL SOLID AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL METALLIC AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL MATTE AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY PAINTING EQUIPMENT, 2021-2028 ($ MILLION)
19. GLOBAL AUTOMOTIVE PAINTS MARKET BY AIRLESS SPRAY GUN RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20. GLOBAL AUTOMOTIVE PAINTS MARKET BY ELECTROSTATIC SPRAY GUN RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
21. GLOBAL AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
22. NORTH AMERICAN AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. NORTH AMERICAN AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY VEHICLE , 2021-2028 ($ MILLION)
24. NORTH AMERICAN AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY PAINT TYPE, 2021-2028 ($ MILLION)
25. NORTH AMERICAN AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
26. NORTH AMERICAN AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY TEXTURE , 2021-2028 ($ MILLION)
27. NORTH AMERICAN AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY PAINTING EQUIPMENT, 2021-2028 ($ MILLION)
28. EUROPEAN AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29. EUROPEAN AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY VEHICLE , 2021-2028 ($ MILLION)
30. EUROPEAN AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY PAINT TYPE, 2021-2028 ($ MILLION)
31. EUROPEAN AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
32. EUROPEAN AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY TEXTURE , 2021-2028 ($ MILLION)
33. EUROPEAN AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY PAINTING EQUIPMENT, 2021-2028 ($ MILLION)
34. ASIA-PACIFIC AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
35. ASIA-PACIFIC AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY VEHICLE , 2021-2028 ($ MILLION)
36. ASIA-PACIFIC AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY PAINT TYPE, 2021-2028 ($ MILLION)
37. ASIA-PACIFIC AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
38. ASIA-PACIFIC AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY TEXTURE , 2021-2028 ($ MILLION)
39. ASIA-PACIFIC AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY PAINTING EQUIPMENT, 2021-2028 ($ MILLION)
40. REST OF THE WORLD AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
41. REST OF THE WORLD AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY VEHICLE , 2021-2028 ($ MILLION)
42. REST OF THE WORLD AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY PAINT TYPE, 2021-2028 ($ MILLION)
43. REST OF THE WORLD AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
44. REST OF THE WORLD AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY TEXTURE , 2021-2028 ($ MILLION)
45. REST OF THE WORLD AUTOMOTIVE PAINTS MARKET RESEARCH AND ANALYSIS BY PAINTING EQUIPMENT, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE PAINTS MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL AUTOMOTIVE PAINTS MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL AUTOMOTIVE PAINTS MARKET, 2022-2028 (%)
4. GLOBAL AUTOMOTIVE PAINTS MARKET SHARE BY VEHICLE , 2020 VS 2027 (%)
5. GLOBAL AUTOMOTIVE PAINTS MARKET FOR LIGHT COMMERCIAL VEHICLE SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL AUTOMOTIVE PAINTS MARKET FOR HEAVY COMMERCIAL VEHICLE SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL AUTOMOTIVE PAINTS MARKET FOR PASSENGERS CARS SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL AUTOMOTIVE PAINTS MARKET SHARE BY PAINT TYPE, 2020 VS 2027 (%)
9. GLOBAL PRIMER AUTOMOTIVE PAINTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL BASECOAT AUTOMOTIVE PAINTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL CLEARCOAT AUTOMOTIVE PAINTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL ELECTROCOAT AUTOMOTIVE PAINTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL AUTOMOTIVE PAINTS MARKET SHARE BY TECHNOLOGY, 2020 VS 2027 (%)
14. GLOBAL WATER BORNE AUTOMOTIVE PAINTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL SOLVENT BORNE AUTOMOTIVE PAINTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL POWDER AUTOMOTIVE PAINTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL AUTOMOTIVE PAINTS MARKET SHARE BY TEXTURE , 2020 VS 2027 (%)
18. GLOBAL SOLID AUTOMOTIVE PAINTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
19. GLOBAL METALLIC AUTOMOTIVE PAINTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
20. GLOBAL MATTE AUTOMOTIVE PAINTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
21. GLOBAL AUTOMOTIVE PAINTS MARKET SHARE BY PAINTING EQUIPMENT, 2020 VS 2027 (%)
22. GLOBAL AUTOMOTIVE PAINTS MARKET BY AIRLESS SPRAY GUN SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
23. GLOBAL AUTOMOTIVE PAINTS MARKET BY ELECTROSTATIC SPRAY GUN SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
24. GLOBAL AUTOMOTIVE PAINTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
25. US AUTOMOTIVE PAINTS MARKET SIZE, 2021-2028 ($ MILLION)
26. CANADA AUTOMOTIVE PAINTS MARKET SIZE, 2021-2028 ($ MILLION)
27. UK AUTOMOTIVE PAINTS MARKET SIZE, 2021-2028 ($ MILLION)
28. FRANCE AUTOMOTIVE PAINTS MARKET SIZE, 2021-2028 ($ MILLION)
29. GERMANY AUTOMOTIVE PAINTS MARKET SIZE, 2021-2028 ($ MILLION)
30. ITALY AUTOMOTIVE PAINTS MARKET SIZE, 2021-2028 ($ MILLION)
31. SPAIN AUTOMOTIVE PAINTS MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF EUROPE AUTOMOTIVE PAINTS MARKET SIZE, 2021-2028 ($ MILLION)
33. INDIA AUTOMOTIVE PAINTS MARKET SIZE, 2021-2028 ($ MILLION)
34. CHINA AUTOMOTIVE PAINTS MARKET SIZE, 2021-2028 ($ MILLION)
35. JAPAN AUTOMOTIVE PAINTS MARKET SIZE, 2021-2028 ($ MILLION)
36. SOUTH KOREA AUTOMOTIVE PAINTS MARKET SIZE, 2021-2028 ($ MILLION)
37. REST OF ASIA-PACIFIC AUTOMOTIVE PAINTS MARKET SIZE, 2021-2028 ($ MILLION)
38. REST OF THE WORLD AUTOMOTIVE PAINTS MARKET SIZE, 2021-2028 ($ MILLION)
