Press release
Rise In The Production Of New Vehicles Fueling Market Growth Due To Higher Demand And Sustainability: A Significant Driver Propelling The Eco-Friendly Automotive Paint Market In 2025
Eco-Friendly Automotive Paint
What Is the Eco-Friendly Automotive Paint Market Size and Projected Growth Rate?
There has been robust growth in the size of the environmentally friendly automobile paint market in the recent past. An escalation from $2.57 billion in 2024 to $2.72 billion in 2025 is anticipated, with a Compound Annual Growth Rate (CAGR) of 6.1%. Factors contributing to this flourishing growth throughout the historical phase include a rise in environmental consciousness, elevated investment in R&D, increasing urbanization, enhanced automobile production, and the expansive inclusion of bio-based polymers.
In the coming years, the market size for eco-friendly automotive paint is projected to witness substantial growth. The market is estimated to reach $3.41 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 5.8%. This potential growth can be linked to the surge in government plans, a heightened consumer orientation towards environmentally friendly products, the expansion of sustainable raw material use, a heightened emphasis on carbon neutrality, and the uptick in smart coatings application. Key trends expected during this forecast period comprise technological advancements, efforts towards decarbonization, paint booths with zero emissions, self-repairing paints, and superior adhesion technology.
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What Are the Major Segments in the Eco-Friendly Automotive Paint Market?
The eco-friendly automotive paint market covered in this report is segmented -
1) By Resin Type: Acrylic, Epoxy, Polyurethane
2) By Application Method: Brush And Roller Coatings, Dip Coatings, Spray Coatings
3) By End-Use Industry: Automotive Original Equipment Manufacture (OEM), Automotive Refinish
Subsegments:
1) By Acrylic: Waterborne Acrylic, Solventborne Acrylic, UV-Cured Acrylic
2) By Epoxy: Waterborne Epoxy, Solventborne Epoxy, Powder Coating Epoxy
3) By Polyurethane: Waterborne Polyurethane, Solventborne Polyurethane, High-Solid Polyurethane
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What Are The Driving Eco-Friendly Automotive Paint Market Evolution?
The growth of the environmentally friendly automotive paint sector is anticipated to be fueled by an increase in the production of new vehicles. As the production of new vehicles grows, car manufacturers are expanding their manufacturing capabilities to cater to increased demand, enhance efficiency, and incorporate innovative technologies for superior performance and sustainability. Environmentally friendly automotive paint contributes to vehicle production by reducing harmful emissions, ensuring compliance with environmental standards. It also increases manufacturing efficiency through quicker drying periods and robust coatings, promoting green automotive development. For instance, the European Automobile Manufacturers' Association, a vehicle industry association based in Belgium, reported that global car sales in 2024 reached 74.6 million units, which is a 2.5% increase from 2023. Therefore, the increase in production of new vehicles is propelling the growth of the environmentally friendly automotive paint sector.
Which Firms Dominate The Eco-Friendly Automotive Paint Market Segments?
Major companies operating in the eco-friendly automotive paint market are Toyota Motor Corporation, Bayerische Motoren Werke GmbH, BASF SE, Nissan Motor Co. Ltd., 3M Company, Sherwin-Williams Company, Pittsburgh Plate Glass Company, Solvay S.A., Akzo Nobel N.V., Nippon Paint Holdings Co. Ltd, Kumkang Korea Chemicals Co. Ltd., Axalta Coating Systems Ltd., Dürr Group, Kansai Paint, Valspar Corporation, Jotun, PPG Asian Paints Pvt Ltd, Tikkurilan Väritehtaat Oy, Sybon, The Eastwood Company.
What Trends Are Expected to Dominate the Eco-Friendly Automotive Paint Market in the Next 5 Years?
Leading firms in the eco-friendly automotive paint industry are securing their market standing by innovating through paint repair service brands. These services, which use sustainable materials and low-VOC formulations, diminish waste and emissions. For example, in April 2024, Nippon Paint Holdings Co. Ltd., a paint and coating products producer based in Japan, launched Mastercraft in India - a brand dedicated to automotive body and paint repairs, catering specifically to consumers. Mastercraft operates sustainably, employing eco-friendly materials, energy-efficient systems, and cutting-edge technologies. Dubbed as the first carbon-neutral body shop in the world, it presents a novel benchmark for Environmental, Social, and Governance (ESG) stewardship within the automotive repair industry. This move is designed to provide superior automotive body and paint repair services, all while championing environmental sustainability.
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Which Is The Largest Region In The Eco-Friendly Automotive Paint Market?
North America was the largest region in the eco-friendly automotive paint market in 2024. The regions covered in the eco-friendly automotive paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Eco-Friendly Automotive Paint Market?
2. What is the CAGR expected in the Eco-Friendly Automotive Paint Market?
3. What Are the Key Innovations Transforming the Eco-Friendly Automotive Paint Industry?
4. Which Region Is Leading the Eco-Friendly Automotive Paint Market?
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