PUBLISHER: The Business Research Company | PRODUCT CODE: 1925668
PUBLISHER: The Business Research Company | PRODUCT CODE: 1925668
Automotive coatings serve as protective layers applied to the surfaces of automobiles, aimed at preventing corrosion and enhancing their visual appeal. These coatings are utilized both internally and externally, employing either powdered or liquid substances to augment the durability and aesthetics of vehicles while ensuring heat and shock resistance.
The primary types of automotive coatings include clearcoat, basecoat, e-coat, and primer. The clear coat is the final layer applied after the primer and pigmented paint, providing a transparent, lustrous finish to enhance the vehicle's appearance and shield it from environmental damage. These coatings are developed using various technologies such as solvent-borne, water-borne, and powder coatings, incorporating materials like polyurethane, epoxy, and acrylic resins. Automotive coatings are specifically designed for application on metal and plastic substrates, catering to original equipment manufacturer (OEM) and refinishing requirements.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are impacting the automotive coatings market by increasing costs of imported resins, pigments, additives, curing agents, and specialized coating equipment used in OEM and refinish applications. Automotive manufacturing hubs in North America and Europe are most affected due to dependence on imported raw materials, while Asia-Pacific faces cost pressure on export-oriented coating production. These tariffs are raising formulation costs and squeezing supplier margins. However, they are also encouraging local sourcing of raw materials, regional coating production, and innovation in cost-efficient and sustainable coating formulations.
The automotive coatings market research report is one of a series of new reports from The Business Research Company that provides automotive coatings market statistics, including automotive coatings industry global market size, regional shares, competitors with a automotive coatings market share, detailed automotive coatings market segments, market trends and opportunities, and any further data you may need to thrive in the automotive coatings industry. This automotive coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive coatings market size has grown strongly in recent years. It will grow from $23.37 billion in 2025 to $25.58 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to growth of global automotive production, rising use of multi-layer coating systems, expansion of vehicle customization trends, increasing application of e-coat technologies, availability of advanced resin chemistries.
The automotive coatings market size is expected to see strong growth in the next few years. It will grow to $36.13 billion in 2030 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to increasing electric vehicle production, rising demand for sustainable coating solutions, expansion of automotive refinish activities, growing focus on scratch-resistant and durable coatings, increasing integration of smart manufacturing in coating processes. Major trends in the forecast period include increasing adoption of waterborne and low-voc coatings, rising demand for advanced corrosion-resistant coatings, growing use of lightweight substrate coatings, expansion of uv-cured and powder coatings, enhanced focus on aesthetic customization.
The rising demand for lightweight vehicles is significantly driving the growth of the automotive coatings market. Stringent emission regulations and the growing need to reduce fuel consumption have fueled this demand. Surfaces of lightweight vehicles are coated with various types of coatings for both protective and decorative purposes. Automotive coatings help protect vehicle surfaces from corrosion while contributing to overall weight reduction. For example, in August 2024, the Federal Reserve Economic Data, a US-based government organization, reported that sales of lightweight vehicles, including autos and light trucks, rose to 15.002 million units in January 2024, up from 13.431 million units in January 2023, reflecting an approximate 11.7% year-over-year increase. Therefore, the growing demand for lightweight vehicles is expected to support the expansion of the automotive coatings market going forward.
Leading companies in the automotive coatings market are prioritizing technological innovations, particularly nanotechnology-based solutions, to meet the burgeoning demand for automotive coatings. Nanotechnology-based automotive coatings involve the application of coatings or surface treatments at the nanoscale level utilizing nanomaterials or nanoparticles. For example, in July 2023, Hyundai Motor Company, a South Korea-based automotive manufacturer, unveiled an innovative nanotechnology-based self-healing coating for automobiles. This cutting-edge feature applies macromolecules to a car's surface that can revert to their original form, effectively mending scratches or dents, contributing to the vehicle's appearance and protection.
In July 2024, Axalta, a U.S.-based manufacturer of photonic devices and systems, acquired The CoverFlexx Group for an undisclosed sum. The purpose of Axalta's acquisition is to strengthen its offerings in the automotive refinish coatings market and foster growth in that sector, with a particular emphasis on economy customers in North America. The CoverFlexx Group is a Netherlands-based manufacturing company that specializes in coatings specifically designed for automotive refinish and aftermarket applications.
Major companies operating in the automotive coatings market are The Valspar Corporation, Sherwin-Williams Company, Pittsburgh Plate Glass Company (PPG), Nippon Paint Automotive Coatings Co. Ltd., Kansai Paint Co. Ltd., BASF SE, Axalta Coating Systems Ltd., Akzo Nobel N.V., Berger Paints India Limited, Becker Industrial Coatings LLC, Jotun India Pvt. Ltd., Mankiewicz India Private Limited, Samhwa Paints Industries Co. Ltd., Nihon Toksuhu Toryo Co. Ltd., National Paint Factories Pvt. Ltd., Teknos Coatings And Paints Private Limited, Kelly-Moore Paints, Hempel A/S, Deutsche Amphibolin-Werke von Robert Murjahn Stiftung & Co. KG, Tiger Coatings GmbH & Co. KG
Asia-Pacific was the largest region in the automotive coatings market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive coatings market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the automotive coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The automotive coatings market consists of sales of automotive coating technology, including UV-cured coating. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Coatings Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses automotive coatings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive coatings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The automotive coatings market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.