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Automotive Paint Trends and Forecast

The future of the global automotive paint market looks promising with opportunities in the polyurethane, epoxy, and acrylic markets. The global automotive paint market is expected to reach an estimated $15.9 billion by 2030 with a CAGR of 8.3% from 2024 to 2030. The major drivers for this market are increasing production of vehicles, rise in the market for environmentally friendly car paints, along with the growing use of water-borne and powder coating technologies in the automotive industry to lessen their negative effects on the environment.
Automotive Paint Trends and Forecast

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Paint by Segment

Automotive Paint by Segment

The study includes a forecast for the global automotive paint by technology, paint type, resin, vehicle type, and region.

Automotive Paint Market by Technology [Shipment Analysis by Value from 2018 to 2030]:


• Solvent Borne
• Waterborne
• Powder Coating

Automotive Paint Market by Paint Type [Shipment Analysis by Value from 2018 to 2030]:


• Electrocoat
• Basecoat
• Primer
• Clearcoat

Automotive Paint Market by Resin [Shipment Analysis by Value from 2018 to 2030]:


• Polyurethane
• Epoxy
• Acrylic
• Others

Automotive Paint Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:


• Passenger Car
• Light Commercial Vehicle
• Trucks
• Buses

Automotive Paint Market by Region [Shipment Analysis by Value from 2018 to 2030]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automotive Paint Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive paint companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive paint companies profiled in this report include-
• PPG Industries
• Axalta Coating Systems
• Akzo Nobel
• BASF
• The Sherwin Williams Company
• Valspar
• DOW Chemical
• 3M
• KCC
• Nippon Paint

Automotive Paint Market Insights

Lucintel forecasts that solvent borne will remain the largest segment over the forecast period because their advantages include improved durability and adhesion, ease of spraying, quicker drying time, and a larger selection of colors and finishes.
Within this market, polyurethane will remain the largest segment.
APAC will remain the largest region over the forecast period due to rising demand for electric vehicles in the region which requires specialized automotive paints.

Features of the Global Automotive Paint Market

Market Size Estimates: Automotive paint market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive paint market size by technology, paint type, resin, vehicle type, and region in terms of value ($B).
Regional Analysis: Automotive paint market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technology, paint type, resin, vehicle type, and regions for the automotive paint market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive paint market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the automotive paint market size?
Answer: The global automotive paint market is expected to reach an estimated $15.9 billion by 2030.
Q2. What is the growth forecast for automotive paint market?
Answer: The global automotive paint market is expected to grow with a CAGR of 8.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive paint market?
Answer: The major drivers for this market are increasing production of vehicles, rise in the market for environmentally friendly car paints, along with the growing use of water-borne and powder coating technologies in the automotive industry to lessen their negative effects on the environment.
Q4. What are the major segments for automotive paint market?
Answer: The future of the global automotive paint market looks promising with opportunities in the polyurethane, epoxy, and acrylic markets.
Q5. Who are the key automotive paint market companies?
Answer: Some of the key automotive paint companies are as follows:
• PPG Industries
• Axalta Coating Systems
• Akzo Nobel
• BASF
• The Sherwin Williams Company
• Valspar
• DOW Chemical
• 3M
• KCC
• Nippon Paint
Q6. Which automotive paint market segment will be the largest in future?
Answer: Lucintel forecasts that solvent borne will remain the largest segment over the forecast period because their advantages include improved durability and adhesion, ease of spraying, quicker drying time, and a larger selection of colors and finishes.
Q7. In automotive paint market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising demand for electric vehicles in the region which requires specialized automotive paints.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the automotive paint market by technology (solvent borne, waterborne, and powder coating), paint type (electrocoat, basecoat, primer, and clearcoat), resin (polyurethane, epoxy, acrylic, and others), vehicle type (passenger car, light commercial vehicle, trucks, and buses), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to Automotive Paint Market, Automotive Paint Market Size, Automotive Paint Market Growth, Automotive Paint Market Analysis, Automotive Paint Market Report, Automotive Paint Market Share, Automotive Paint Market Trends, Automotive Paint Market Forecast, Automotive Paint Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents

1. Executive Summary
2. Global Automotive Paint Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges 
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Automotive Paint Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Automotive Paint Market by Technology
3.3.1: Solvent Borne
3.3.2: Waterborne
3.3.3: Powder Coating
3.4: Global Automotive Paint Market by Paint Type
3.4.1: Electrocoat
3.4.2: Basecoat
3.4.3: Primer
3.4.4: Clearcoat
3.5: Global Automotive Paint Market by Resin
3.5.1: Polyurethane
3.5.2: Epoxy
3.5.3: Acrylic
3.5.4: Others
3.6: Global Automotive Paint Market by Vehicle Type
3.6.1: Passenger Car
3.6.2: Light Commercial Vehicle
3.6.3: Trucks
3.6.4: Buses
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Automotive Paint Market by Region
4.2: North American Automotive Paint Market
4.2.1: North American Automotive Paint Market by Technology: Solvent Borne, Waterborne, and Powder Coating
4.2.2: North American Automotive Paint Market by Resin: Polyurethane, Epoxy, Acrylic, and Others
4.3: European Automotive Paint Market
4.3.1: European Automotive Paint Market by Technology: Solvent Borne, Waterborne, and Powder Coating
4.3.2: European Automotive Paint Market by Resin: Polyurethane, Epoxy, Acrylic, and Others
4.4: APAC Automotive Paint Market
4.4.1: APAC Automotive Paint Market by Technology: Solvent Borne, Waterborne, and Powder Coating
4.4.2: APAC Automotive Paint Market by Resin: Polyurethane, Epoxy, Acrylic, and Others
4.5: ROW Automotive Paint Market
4.5.1: ROW Automotive Paint Market by Technology: Solvent Borne, Waterborne, and Powder Coating
4.5.2: ROW Automotive Paint Market by Resin: Polyurethane, Epoxy, Acrylic, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Automotive Paint Market by Technology
6.1.2: Growth Opportunities for the Global Automotive Paint Market by Paint Type
6.1.3: Growth Opportunities for the Global Automotive Paint Market by Resin
6.1.4: Growth Opportunities for the Global Automotive Paint Market by Vehicle Type
6.1.5: Growth Opportunities for the Global Automotive Paint Market by Region
6.2: Emerging Trends in the Global Automotive Paint Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Automotive Paint Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Automotive Paint Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: PPG Industries
7.2: Axalta Coating Systems
7.3: Akzo Nobel
7.4: BASF
7.5: The Sherwin Williams Company
7.6: Valspar
7.7: DOW Chemical
7.8: 3M
7.9: KCC
7.10: Nippon Paint
.

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A 150 Page Report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
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  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
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