Global Automotive Underbody Coatings Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Automotive Underbody Coatings market size was valued at US$ 1922 million in 2024 and is forecast to a readjusted size of USD 2183 million by 2031 with a CAGR of 2.0% during review period.

Automotive Underbody Coatings are coatings specifically used to protect the bottom of a car, designed to enhance its appearance and durability, and protect the car from damage in harsh environmental conditions such as acid rain, extreme temperatures, UV radiation, and foreign particles.

With the increasing requirements of the automotive industry for product performance and durability, the growth prospects of the underbody coatings market are quite optimistic.

In terms of regional distribution, Asia Pacific will become the largest market in 2023, accounting for 53.52% of the market share. This trend is expected to continue as the automotive manufacturing industry in the region continues to grow, especially in China, Japan, India, South Korea and Southeast Asia. The rapid economic development and accelerated urbanization in the Asia-Pacific region have driven the demand for automobiles, thereby promoting the market growth of underbody coatings.

In terms of product types, rubberized automotive underbody coatings account for 59.15% of the global market, showing its advantages in durability and protective performance. This coating can not only effectively isolate the external environment from the bottom of the car, but also reduce noise and vibration, and enhance the driving experience. In addition, passenger cars are the largest end-use segment in the market, accounting for about 77.71% of the market share in 2023, reflecting consumers' strong demand for passenger car coatings.

The market competition is relatively fierce, and the industry concentration is high. The world's major automotive underbody coatings manufacturers include PPG, Henkel, Swarovski, 3M, Sika and ThreeBond. In 2023, the world's top five manufacturers accounted for about 51% of the market share, and these companies maintained their competitive advantages through continuous technological innovation and product research and development. However, with the rapid development of the market, new entrants are also increasing, and the competitive situation is becoming more complex.

In terms of market drivers, the demand for automotive underbody coatings is mainly affected by the following aspects: First, with the increase in automobile production and sales, the demand for high-performance coatings is also growing. Secondly, consumers' concerns about vehicle durability and safety have prompted automakers to invest more in chassis protection. In addition, the stringency of environmental regulations is also increasing, prompting manufacturers to use more environmentally friendly coatings to meet compliance requirements.

From the perspective of industry development opportunities, the automotive underbody coatings market faces many opportunities. With the advancement of high-performance coating technology, more innovative products will enter the market in the future. In addition, the popularity of electric and hybrid vehicles has also provided new growth points for the underbody coatings market. Such models usually require more professional coatings to cope with different usage environments. At the same time, the government's support policy for environmentally friendly products will further promote the development of the industry, and manufacturers can meet market demand by developing low-VOC (volatile organic compound) coatings.

This report is a detailed and comprehensive analysis for global Automotive Underbody Coatings market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Automotive Underbody Coatings market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031

Global Automotive Underbody Coatings market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031

Global Automotive Underbody Coatings market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031

Global Automotive Underbody Coatings market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Automotive Underbody Coatings

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Automotive Underbody Coatings market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include PPG, Henkel, Sherwin-Williams, 3M, Sika, ThreeBond, Lubrizol, Jenolite, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Automotive Underbody Coatings market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Rubberized
Asphalt Based
Wax Based
Others

Market segment by Application
Passenger Car
Commercial Vehicle

Major players covered
PPG
Henkel
Sherwin-Williams
3M
Sika
ThreeBond
Lubrizol
Jenolite

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Automotive Underbody Coatings product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Automotive Underbody Coatings, with price, sales quantity, revenue, and global market share of Automotive Underbody Coatings from 2020 to 2025.

Chapter 3, the Automotive Underbody Coatings competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Automotive Underbody Coatings breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Automotive Underbody Coatings market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Automotive Underbody Coatings.

Chapter 14 and 15, to describe Automotive Underbody Coatings sales channel, distributors, customers, research findings and conclusion.