Automotive Coatings Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Key Players are Kansai Paint Co., Ltd. and Royal DSM.

The global automotive coatings market was valued at US$16.572 billion in 2021.

The prime factors propelling the growth of the automotive coating market are increasing demand for automobiles, the need for durable and long-lasting coatings, and the development of new technologies.

As per the report, the automotive coating market is expected to grow rapidly during the forecast period.

The automotive coatings market refers to the industry that produces coatings and paints used in the automotive sector. These coatings are applied to automobiles, trucks, and other vehicles to enhance their appearance and protect them from environmental factors such as corrosion, UV radiation, and abrasion. The automotive coatings market is an important sector within the larger coatings industry, and it includes various types of coatings such as electrocoat, primer, basecoat, clearcoat, and others.

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The automotive coating market has been segmented into product, technology, application, end-user, and geography.

The market has been classified into primer, electrocoat, clearcoat, and base coat by product. Primer coatings are typically applied as the first layer of coating on a vehicle's surface and are used to improve adhesion and corrosion resistance. The demand for primer coatings in the automotive industry is driven by the increasing need for corrosion protection, particularly in regions with harsh climates. Electrocoat coatings, also known as electro-deposition coatings, protect automotive parts and components from corrosion. These coatings are applied using an electrochemical process, allowing uniform coverage of complex shapes and surfaces.

By technology, the market has been classified into waterborne coating, solvent borne coating, powder coating, and UV-cured coating. Waterborne coatings are environmentally friendly and widely used in the automotive industry due to their low VOC content and reduced environmental impact. UV-cured coatings are a fast-curing coating technology widely used in the automotive industry due to their excellent adhesion, durability, and scratch resistance.

The market has been classified into metal and plastic parts by application. The automotive coatings market for metal parts is driven by the need for coatings that protect against corrosion and weathering. In addition, with the growing demand for lightweight materials such as aluminum and high-strength steel, there is a need for coatings that offer better adhesion and protection to these substrates. On the other hand, the automotive coatings market for plastic parts is driven by the increasing use of plastics in automotive components such as bumpers, interior trims, and exterior body panels. Therefore, coatings for plastic parts need to offer excellent adhesion, durability, and resistance to UV radiation, as well as withstand the thermal cycling that occurs during the vehicle's lifetime.

By end-user, the market has been classified into light vehicle OEM, commercial vehicle OEM and automotive refinish. The increasing demand for passenger cars and light-duty trucks worldwide drives the automotive coatings market for light vehicle OEMs. The automotive coatings market for commercial vehicle OEMs is driven by the need for coatings that offer excellent protection against corrosion and abrasion and can withstand the harsh environmental conditions that commercial vehicles are subjected to. The automotive refinish market involves repairing and refinishing vehicles after they have been damaged or involved in an accident. The automotive refinish coatings market is driven by the increasing number of vehicles on the road, which leads to a higher demand for repair and refinishing services.

The market is classified geographically into North America, South America, Europe, Middle East and Africa, and Asia Pacific. The North American automotive coatings market is driven by the presence of major automotive OEMs in the region and the increasing demand for eco-friendly coatings. The Asia-Pacific automotive coatings market is driven by the growing demand for passenger cars and commercial vehicles in the region and the ever-increasing number of automotive OEMs setting up manufacturing facilities in the region. China is the largest market for automotive coatings in the Asia-Pacific region, followed by Japan and India.

As a part of the report, the major players operating in the automotive coating market, that have been covered are BASF SE, PPG Industries Inc., Nippon Paint, Kansai Paint Co., Ltd., AkzoNobel N.V, Sherwin-Williams Company, Covestro AG, Arkema SA, Beckers Group, Axalta Coating Systems, Berger Paints India Limited, Eastman Chemical Company, Clariant AG, Royal DSM, and Lord Corporation.

This Automotive Coatings Market has been analyzed into the following segments:

• By Product

o Primer
o Electrocoat
o Clearcoat
o Base coat

• By Technology

o Waterborne Coating
o Solvent borne coating
o Powder Coating
o UV-cured coating

• By Application

o Metal Parts
o Plastic parts

• By End-User

o Light Vehicle OEM
o Commercial Vehicle OEM
o Automotive Refinish

• By Geography

o North America

• USA
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• Germany
• France
• Italy
• United Kingdom
• Others

o Middle East and Africa

• Israel
• Saudi Arabia
• South Africa
• Others

o Asia Pacific

• Japan
• China
• India
• Australia
• Others

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This release was published on openPR.