Uploaded on Apr 28, 2021
The global automotive coatings market size is estimated to be worth USD 31.79 billion by 2025 driven by the rising sales of automobiles coupled with growing advancements in automotive coatings across the globe
Automotive Coatings Market (2021-2025) Trends, Overview, Competitive Breakdown and Regional Forecast
Adroit Market Research
Global Automotive Coatings Market Size
2017
by Product (E-coat, Basecoat, Primer, and Clearcoat), by
Application (Metal and Plastic), by Technology (Waterborne, UV-
Cured, Solventborne, and Powder Coating), by End-use (Light
Vehicle OEM, Commercial OEM, and Automotive Refinish), by
Region and Forecasts from 2018 to 2025
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Rising Sales Of Automobiles Driving The Global Automotive Coatings Market At A CAGR Of 5.1%
• Adroit Market Research launched a study on, “Global Automotive Coatings Market Size 2017
by Product (E-coat, Basecoat, Primer, and Clearcoat), by Application (Metal and Plastic), by
Technology (Waterborne, UV-Cured, Solventborne, and Powder Coating), by End-use (Light Vehicle
OEM, Commercial OEM, and Automotive Refinish), by Region and Forecasts from 2018 to 2025”.
The study covers the global automotive coatings market size for a period between 2015 and 2025.
The global automotive coatings market report also includes qualitative insights of the market
movement. The global automotive coatings market share for different segments including product,
technology, application, and end-user has been covered in the study. The automotive coatings
market trends 2018 for different regions and countries.
• The global automotive coatings market size is estimated to be worth USD 31.79 billion by 2025
driven by the rising sales of automobiles coupled with growing advancements in automotive
coatings across the globe. The global automotive sector has been growing due to the large scale
urbanization resulting out of the rising standard of living of the consumers. This has been a major
contributing factor for the global automotive coatings market development.
• Automotive coatings help in enhancing the durability of automobiles and protect them from
hazardous elements. The cost of specialized automotive coatings over the conventional coatings
or paints may be considered high but the advantages are innumerable. The global automotive
coatings market share is expected to be dominated by the basecoat segment to reach a share of
38.1% in terms of volume by 2025.
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Adroit Market Research
Rising Sales Of Automobiles Driving The Global Automotive Coatings Market At A
CAGR Of 5.1%
• The demand for basecoats is expected to increase as they provide additional benefits such as
desired color and exterior aesthetics to automobiles. Furthermore, the escalating demand for
environment-friendly implementation is also expected to drive the global automotive coating
market share.
• Geographically, Asia Pacific was leading the global automotive coatings market on account of
increasing vehicle manufacturing in the rapidly emerging economies. Fast-paced growth of GDP and
the highly aspirational consumers in this region have been the two main growth drivers for the
booming automobile market. For instance, in China, an emerging middle class is expected to drive
the steady growth of the Chinese auto market, with the markets for replacement of vehicles and
new purchases growing rapidly. The Asia Pacific is expected to account for 58.8% of the global
automotive coatings market revenue share by 2025.
• In February 2018, BASF’s coating division launched its new product lines in Europe for its Glasurit
and R-M refinish paint brands, which render automotive refinishing more sustainable. These
products were the first refinish products to be manufactured in accordance with the certified
biomass balance approach which contributes towards reducing CO2 emissions.
• BASF, Axalta, AkzoNobel, Valspar, Nippon, and Sherwin-Williams are some of the major players in
the global automotive coatings market. The major players in the market have implemented the
strategy of introducing eco-friendly coatings which render the coating process more effective. Such
strategic additions are expected to propel the market growth during the forecast period.
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Adroit Market Research
Key segments of the global automotive coatings market
Product Overview, 2015-2025 (Kilo Tons) (USD Million)
• Primer
• E-coat
• Basecoat
• Clearcoat
Technology Overview, 2015-2025 (Kilo Tons) (USD Million)
• Water-borne
• Solvent-borne
• Powder Coating
• UV-Cured
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
• Metal
• Plastic
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Adroit Market Research
Key segments of the global automotive coatings market
End-use Overview, 2015-2025 (Kilo Tons) (USD Million)
• Light Vehicle OEM
• Commercial OEM
• Automotive Refinish
Regional Overview, 2018-2025 (USD Billion)
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
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Adroit Market Research
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