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Automotive Paint Market – Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Automotive Paint Market (By Type – Electrocoat, Primer, Basecoat, Clearcoat; By Technology – Solvent borne, Waterborne, Powder Coating; By Resin - Polyurethane, Epoxy, Acrylic, Other Resins; By Texture - Solid, Metallic, Matte, Pearlescent, Solar reflective; By Vehicle - Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle; By Channel - OEMs, Aftermarket) – Market Size, Industry Dynamics, And Opportunity Forecast to 2027

  • Published On: 29-Oct-2021  |  Format: pdfpowerpointexcel  |  Report ID: AA1021099
    Delivery: 2 to 4 Hours
Automotive Paint Market

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The Global Automotive Paint market generated a revenue of US$ 17,571.5 million in 2020.

In terms of volume, the Global Automotive Paint market recorded production of 2,691.56 million liters in the year 2020.

Clearcoat, Electrocoat, Primer and Basecoat are four types of automotive paint included in the report.

In 2020, Clearcoat held close to 40% share of Global Automotive Paint market and generated approximate revenue of US$ 6.5 billion.

Solvent borne, Waterborne and Powder Coating are some of the technologies used in the automotive paint industry. In 2020, Waterborne held the highest market share, exceeding 65%.

PPG, Axlata, AkzoNobel, BASF SE, 3M, DuPont Coatings & Color Technologies Group, Kansai Paint Co., Ltd., Nippon Paint Holdings Co., Ltd., Valspar Corporation are some of the market players in the automotive paint market.

The global sales of automobiles dropped about 14% to 77.9 million units in 2020. This led to decreased manufacturing and use of automotive paints

Waterborne segment is contributing to more than half of the market share in the year 2020.

Asia Pacific holds about 60% of the global automotive paint market share in 2020.

The automotive paint market is estimated to grow at a CAGR of 4.3% during the forecast period of 2021-2027.

Metallic is the most popular texture with market share of nearly 60%.

During the forecast period, Asia Pacific has the highest growing potential with CAGR of 5.0%.

Passenger Cars holds highest share of approximately 70% of the Global Automotive Paint market.