Global Automotive Paint & Coating Market Report, History and Forecast 2017-2028

Global Automotive Paint & Coating Market Report, History and Forecast 2017-2028

Market Analysis and Insights: Global Automotive Paint & Coating Market

Due to the COVID-19 pandemic, the global Automotive Paint & Coating market size is estimated to be worth US$ 19,498.5 million in 2021 and is forecast to a readjusted size of US$ 23,970.0 million by 2028 with a CAGR of 2.47% during the review period.

The global main manufacturers of Automotive Paint & Coating include PPG Industries, BASF, Axalta, Nippon Paint, AkzoNobel, Sherwin Williams, etc. In 2021, the global six largest players have a share approximately 73.85% in terms of revenue.

The North America Automotive Paint & Coating market is estimated at US$3,438.4 million in 2021, while China is forecast to reach US$ 6,255.5 million by 2028. The proportion of the China is 24.89% in 2021 and it is predicted that the share will reach 26.10% in 2028, trailing a CAGR of 3.45% through the analysis period. As for the Europe Automotive Paint & Coating landscape, Germany is projected to reach US$ 1,429.7 million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is 1.83% and 1.77% respectively for the next 6-year period.

Water-based Coating accounting for 70.83% of the Automotive Paint & Coating global market in 2021, is projected to value US$ 17,691.9 million by 2028, growing at a revised 3.07% CAGR in the post-COVID-19 period. While OEM segment is altered to an 2.24% CAGR throughout this forecast period and will hold a share about 45.43% in 2028.

Global Automotive Paint & Coating Scope and Market Size

The global Automotive Paint & Coating market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Paint & Coating market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.

By Company
PPG Industries
BASF
Axalta
Nippon Paint
AkzoNobel
Sherwin Williams
Kansai Paint
KCC Corporation
Xiangjiang Kansai Paint
YATU
Kinlita
Peter Lacke
Donglai


Segment by Type
Water-based Coating
Solvent Coating
Powder Coating
High Solid Coating
Segment by Application
OEM
Pretreatment
ED
Primer
Base
Clear


Parts
Plastic
Metal


Refinish
By Region
North America
U.S.
Canada


Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia


Europe
Germany
France
U.K.
Italy
Spain


Latin America
Mexico
Brazil


Middle East & Africa
Turkey
South Africa