24/7 Customer Support

Automotive Paint Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Automotive Paint Market: By Type (Electrocoat, Primer, Basecoat, Clearcoat); Technology (Solvent borne, Waterborne, Powder Coating); Resin (Polyurethane, Epoxy, Acrylic, Other Resins); Texture (Solid, Metallic, Matte, Pearlescent, Solar reflective); Vehicle (Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle); Channel (OEMs, Aftermarket)—Market Size, Industry Dynamics, And Opportunity Forecast until 2031

  • Published Date: Apr-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA1021099  | Delivery: 2 to 4 Hours
Automotive Paint Market

View Full Infographic


Report AttributeDetails
Market Size Value in 2022US$ 18,733.2 Mn
Expected Revenue in 2031US$ 27,539.6 Mn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Type, By Technology, By Resin, By Texture, By Vehicle, By Channel, By Region
Key Companies                                                            Axalta Coating Systems, LLC, BASF SE, Clariant AG, DOW Chemical, DuPont Coatings & Color Technologies Group, Kansai Paint Co., Ltd., KCC, Nippon Paint Holdings Co., Ltd., PPG Industries, Sherwin-Williams Company, Solvay, The Sherwin-Williams, Valspar Corporation, Other Prominent Players
Customization ScopeGet your customized report as per your preference. Ask for customization


The Global Automotive Paint market generated a revenue of US$ 18,733.2 million in 2022.

In terms of volume, the Global Automotive Paint market recorded production of 2852.66 million liters in the year 2022.

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

In 2022, 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 2022, 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 2022. 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 2022.

Asia Pacific holds about 60% of the global automotive paint market share in 2022.

The automotive paint market is estimated to grow at a CAGR of 4.3% during the forecast period of 2023-2031.

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.