Global Automotive Coatings Market Growth 2023-2029

Global Automotive Coatings Market Growth 2023-2029

Automotive Coatings, like most others, are used mainly to provide protection and decoration. Water-based acrylic polyurethane enamel paint is currently the most widely used paint for reasons including reducing paint's environmental impact.

LPI (LP Information)' newest research report, the “Automotive Coatings Industry Forecast” looks at past sales and reviews total world Automotive Coatings sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Coatings sales for 2023 through 2029. With Automotive Coatings sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Coatings industry.

This Insight Report provides a comprehensive analysis of the global Automotive Coatings landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Coatings portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Coatings market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Coatings and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Coatings.

The global Automotive Coatings market size is projected to grow from US$ 18750 million in 2022 to US$ 23520 million in 2029; it is expected to grow at a CAGR of 23520 from 2023 to 2029.

The global main manufacturers of automotive coatings include PPG Industries, BASF, Axalta and so on. Top five manufacturers have a share over 70% of the market. The Asia Pacific is the largest market for automotive coatings, have a share about 50%. Body coatings has the largest application share about 45%, and passenger car applications account for the largest market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Coatings market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Body Coatings
Interior Parts Coatings
Exterior Parts Coatings
Refinish Coatings

Segmentation by application
Passenger Car
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
PPG Industries
BASF
Axalta
Nippon Paint
AkzoNobel
Sherwin Williams
Kansai Paint
KCC Corporation
Xiangjiang Kansai Paint
YATU
Kinlita
Peter Lacke
Donglai

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Coatings market?

What factors are driving Automotive Coatings market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Coatings market opportunities vary by end market size?

How does Automotive Coatings break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.