Product Code: GVR-4-68040-368-7
Automotive OEM Coatings Market Trends
The global automotive OEM coatings market size was estimated at USD 15.50 billion in 2023 and is projected to grow at a CAGR of 4.3% from 2024 to 2030. The market is experiencing significant growth driven by the increasing demand for commercial utility vehicles, a shift towards more efficient transportation, and a rising preference for personal automotive transport, especially in the premium vehicles segment.
Additionally, the growing demand for passenger cars and the trend towards lightweight vehicles offering lower fuel consumption and higher efficiency are creating new opportunities in the global market. Despite challenges such as high-cost raw materials, strict environmental emission standards, and concerns related to solvent-borne automotive coatings, the market is poised for growth. Furthermore, investments in R&D for new production alternatives, strategic collaborations, and new product launches are expected to drive lucrative opportunities in the global market.
The Asia Pacific region, including countries like China, India, Japan, and South Korea, dominates the market in terms of consumption. China is one of the countries with the largest consumption of market in the world. The demand for product, particularly in the passenger cars segment, is expected to increase post-recovery. This is due to factors such as rising investment opportunities in the Middle East and Africa and the growing demand for electric vehicles. The increase in per capita disposable incomes, especially in developing economies like China, India, and Thailand, has propelled the overall demand for passenger cars and, consequently, automotive OEM coatings.
The considerable expansion of the automotive industry, combined with the increased demand for commercial utility vehicles and energy-efficient transportation, has contributed to the growth of the automotive OEM coatings market. The production of new cars, trucks, and other vehicles boosts the demand for product, as these vehicles require coatings as part of the painting and manufacturing process. Overall, the demand for product is driven by factors such as increasing vehicle sales, rising disposable incomes, and the expansion of the automotive industry. China, as a major consumer, plays a significant role in the global market.
Global Automotive OEM Coatings Market Report Segmentation
This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global automotive OEM coatings Market report based on product, resin, technology, application, and region:
- Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Clear coat
- Base coat
- Primer
- E-coat
- Others
- Resin Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Polyurethane
- Acrylic
- Epoxy
- Others
- Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Solvent-based
- Water-based
- Powder-based
- Others
- Application Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
- Passenger Cars
- Commercial Vehicles
- Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
India
Japan
South Korea
Brazil
Argentina
Saudi Arabia
South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Automotive OEM Coatings Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Manufacturing/ Technology Trends
- 3.2.3. Sales Channel Analysis
- 3.2.4. Price Trend Analysis
- 3.2.4.1. Factors Influencing Prices
- 3.3. Regulatory Framework, By Regions
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Automotive OEM Coatings Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2030
- 4.2. Clear Coat
- 4.2.1. Clear Coat Automotive OEM Coatings Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
- 4.3. Base Coat
- 4.3.1. Base Coat Automotive OEM Coatings Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.4. Primer
- 4.4.1. Primer Automotive OEM Coatings Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.5. E-coat
- 4.5.1. E-coat Automotive OEM Coatings Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.6. Others
- 4.6.1. Others Automotive OEM Coatings Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Automotive OEM Coatings Market: Resins Estimates & Trend Analysis
- 5.1. Resins Movement Analysis & Market Share, 2023 & 2030
- 5.2. Polyurethane
- 5.2.1. Polyurethane Automotive OEM Coatings Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
- 5.3. Acrylic
- 5.3.1. Acrylic Automotive OEM Coatings Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Epoxy
- 5.4.1. Epoxy Automotive OEM Coatings Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5. Others
- 5.5.1. Others Automotive OEM Coatings Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Automotive OEM Coatings Market: Technology Estimates & Trend Analysis
- 6.1. Technology Movement Analysis & Market Share, 2023 & 2030
- 6.2. Solvent-based
- 6.2.1. Solvent-based Automotive OEM Coatings Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
- 6.3. Water-based
- 6.3.1. Water-based Automotive OEM Coatings Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Powder-based
- 6.4.1. Powder-based Automotive OEM Coatings Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Others
- 6.5.1. Others Automotive OEM Coatings Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Automotive OEM Coatings Market: Application Estimates & Trend Analysis
- 7.1. Application Movement Analysis & Market Share, 2023 & 2030
- 7.2. Passenger Cars
- 7.2.1. Automotive OEM Coatings Market Estimates & Forecast, in Passenger Cars, 2018 to 2030 (USD Million) (Kilotons)
- 7.3. Commercial Vehicles
- 7.3.1. Automotive OEM Coatings Market Estimates & Forecast, in Commercial Vehicles, 2018 to 2030 (USD Million) (Kilotons)
Chapter 8. Automotive OEM Coatings Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 8.2. North America
- 8.2.1. North America Automotive OEM Coatings Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.2.2. U.S.
- 8.2.2.1. Key country dynamics
- 8.2.2.2. U.S. Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.2.3. Canada
- 8.2.3.1. Key country dynamics
- 8.2.3.2. Canada Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.2.4. Mexico
- 8.2.4.1. Key country dynamics
- 8.2.4.2. Mexico Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.3. Europe
- 8.3.1. Europe Automotive OEM Coatings Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.3.2. Germany
- 8.3.2.1. Key country dynamics
- 8.3.2.2. Germany Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.3.3. UK
- 8.3.3.1. Key country dynamics
- 8.3.3.2. UK Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.3.4. France
- 8.3.4.1. Key country dynamics
- 8.3.4.2. France Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.3.5. Italy
- 8.3.5.1. Key country dynamics
- 8.3.5.2. Italy Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.3.6. Spain
- 8.3.6.1. Key country dynamics
- 8.3.6.2. Spain Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Automotive OEM Coatings Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.4.2. China
- 8.4.2.1. Key country dynamics
- 8.4.2.2. China Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.4.3. India
- 8.4.3.1. Key country dynamics
- 8.4.3.2. India Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.4.4. Japan
- 8.4.4.1. Key country dynamics
- 8.4.4.2. Japan Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.4.5. South Korea
- 8.4.5.1. Key country dynamics
- 8.4.5.2. South Korea Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.5. Central & South America
- 8.5.1. Central & South America Automotive OEM Coatings Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.5.2. Brazil
- 8.5.2.1. Key country dynamics
- 8.5.2.2. Brazil Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.5.3. Argentina
- 8.5.3.1. Key country dynamics
- 8.5.3.2. Argentina Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.6. Middle East & Africa
- 8.6.1. Middles East & Africa Automotive OEM Coatings Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.6.2. Saudi Arabia
- 8.6.2.1. Key country dynamics
- 8.6.2.2. Saudi Arabia Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 8.6.3. South Africa
- 8.6.3.1. Key country dynamics
- 8.6.3.2. South Africa Automotive OEM Coatings Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 9. Automotive OEM Coatings Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Key Company Categorization
- 9.3. Company Market Share/Position Analysis, 2023
- 9.4. Company Heat Map Analysis
- 9.5. Vendor Landscape
- 9.5.1. List of Distributors
- 9.6. Strategy Mapping
- 9.7. Company Profiles
- 9.7.1. BASF SE
- 9.7.1.1. Participant's overview
- 9.7.1.2. Financial performance
- 9.7.1.3. Product benchmarking
- 9.7.1.4. Recent developments
- 9.7.2. PPG Industries Inc.
- 9.7.2.1. Participant's overview
- 9.7.2.2. Financial performance
- 9.7.2.3. Product benchmarking
- 9.7.2.4. Recent developments
- 9.7.3. Nippon Paints Holdings Co. Ltd
- 9.7.3.1. Participant's overview
- 9.7.3.2. Financial performance
- 9.7.3.3. Product benchmarking
- 9.7.3.4. Recent developments
- 9.7.4. Akzo Nobel N.V.
- 9.7.4.1. Participant's overview
- 9.7.4.2. Financial performance
- 9.7.4.3. Product benchmarking
- 9.7.4.4. Recent developments
- 9.7.5. Axalta Coating Systems, LLC
- 9.7.5.1. Participant's overview
- 9.7.5.2. Financial performance
- 9.7.5.3. Product benchmarking
- 9.7.5.4. Recent developments
- 9.7.6. Berger Paints India Ltd
- 9.7.6.1. Participant's overview
- 9.7.6.2. Financial performance
- 9.7.6.3. Product benchmarking
- 9.7.6.4. Recent developments
- 9.7.7. Kansai Paint Co. Ltd
- 9.7.7.1. Participant's overview
- 9.7.7.2. Financial performance
- 9.7.7.3. Product benchmarking
- 9.7.7.4. Recent developments
- 9.7.8. The Sherwin-Williams Company
- 9.7.8.1. Participant's overview
- 9.7.8.2. Financial performance
- 9.7.8.3. Product benchmarking
- 9.7.8.4. Recent developments
- 9.7.9. KCC Corporation
- 9.7.9.1. Participant's overview
- 9.7.9.2. Financial performance
- 9.7.9.3. Product benchmarking
- 9.7.9.4. Recent developments
- 9.7.10. Covestro AG
- 9.7.10.1. Participant's overview
- 9.7.10.2. Financial performance
- 9.7.10.3. Product benchmarking
- 9.7.10.4. Recent developments