Uploaded on Jul 29, 2025
Coatings for commercial vehicles (trucks, buses) are influenced by automotive OEM demand cycles. Production of coatings has grown in line with vehicle manufacturing—2024–2025 saw moderate gains in Asia, driven by fleet expansion. Price trends have reflected rising pigment, resin and solvent costs: 2025 pricing has risen approximately 5–8 % globally. Demand for advanced coatings—like low-VOC, conductive or self-healing finishes—is increasing, supporting premium pricing. Forecasts expect continued CAGR of 5–7 % in coatings volume and mild price increases through 2030, with sustainability pressures accelerating premium product adoption.
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