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Automotive Paints Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2034

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  • AKZO NOBEL N.V.
  • Axalta Coating Systems, LLC
  • BASF SE
  • CLARIANT
  • Covestro AG
  • DUPONT
  • JOTUN
  • Kansai Paint Co., Ltd.
  • KCC Corporation
  • Nippon Paint Holdings Co., Ltd.
  • PPG ASIANPAINTS
  • PPG Industries, Inc.
  • Skshu Paint Co., Ltd.
  • SOLVAY
  • The Sherwin-Williams Company
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Automotive Paints Market - Scope of Report

TMR's report on the global automotive paints market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2024 to 2034. The report provides revenue of the global automotive paints market for the period 2018-2034, considering 2024 as the base year and 2034 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global automotive paints market from 2024 to 2034.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the automotive paints market.

Market Snapshot
Market Value in 2023US$ 11.8 Bn
Market Value in 2034US$ 41.7 Bn
CAGR12.5%

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global automotive paints market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global automotive paints market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global automotive paints market.

The report delves into the competitive landscape of the global automotive paints market. Key players operating in the global automotive paints market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global automotive paints market profiled in this report.

Key Questions Answered in Global automotive paints Market Report:

  • What is the sales/revenue generated by automotive paints across all regions during the forecast period?
  • What are the opportunities in the global automotive paints market?
  • What are the major drivers, restraints, opportunities, and threats in the market?
  • Which regional market is set to expand at the fastest CAGR during the forecast period?
  • Which segment is expected to generate the highest revenue globally in 2034?
  • Which segment is projected to expand at the highest CAGR during the forecast period?
  • What are the market positions of different companies operating in the global market?

Automotive Paints Market - Research Objectives and Research Approach

The comprehensive report on the global automotive paints market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global automotive paints market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2034 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global automotive paints market.

Table of Contents

1. Executive Summary: Global Automotive Paints Market

  • 1.1. Global Market Outlook
    • 1.1.1. Market Size, Volume (Million LT), Value (US$ Bn), 2020-2034
  • 1.2. Key Facts and Figures
  • 1.3. Go to Market Strategy
    • 1.3.1. Demand & Supply Side Trends
    • 1.3.2. Identification of Potential Market Spaces
    • 1.3.3. Preferred Sales & Marketing Strategy
    • 1.3.4. Growth Opportunity Analysis
  • 1.4. TMR Analysis and Recommendations

2. Market Overview

  • 2.1. Market Segmentation/ Taxonomy
  • 2.2. Market Definitions
  • 2.3. Key Trend Analysis
  • 2.4. Market Dynamics (Growth Influencers)
    • 2.4.1. Drivers
    • 2.4.2. Restraints
    • 2.4.3. Opportunities
  • 2.5. Porter's Five Forces Analysis
  • 2.6. Industry SWOT Analysis
  • 2.7. Regulatory Framework
  • 2.8. Ecosystem/Value Chain Analysis
  • 2.9. Technology/ Product Roadmap
  • 2.10. Global Automotive Paints Market Size, Analysis, and Forecasts, 2020-2034
  • 2.11. Pricing Model Analysis/ Price Trend Analysis
  • 2.12. Market Opportunity Assessment - by Region
    • 2.12.1. By Paint Type
    • 2.12.2. By Resin Type
    • 2.12.3. By Texture
    • 2.12.4. By Color Type
    • 2.12.5. By Vehicle Type
    • 2.12.6. By Sales Channel
  • 2.13. Impact Factors
    • 2.13.1. Automotive Design Trends and Aesthetics
    • 2.13.2. Vehicle Refurbishment and Aftermarket
    • 2.13.3. Technological Advancements

3. Global Automotive Paints Market Analysis, by Paint Type

  • 3.1. Overview and Definitions
  • 3.2. Key Segment Analysis
  • 3.3. Automotive Paints Market Size, Analysis, and Forecasts, by Paint Type, 2020-2034
    • 3.3.1. Water Based Paint
    • 3.3.2. Solvent Based Paint
    • 3.3.3. Powder Paint
    • 3.3.4. UV Based Paint
    • 3.3.5. Others

4. Global Automotive Paints Market Analysis, by Resin Type

  • 4.1. Overview and Definitions
  • 4.2. Key Segment Analysis
  • 4.3. Automotive Paints Market Size, Analysis, and Forecasts, by Resin Type, 2020-2034
    • 4.3.1. Polyurethane
    • 4.3.2. Epoxy
    • 4.3.3. Acrylic
    • 4.3.4. Silicone
    • 4.3.5. Others

5. Global Automotive Paints Market Analysis, by Texture

  • 5.1. Overview and Definitions
  • 5.2. Key Segment Analysis
  • 5.3. Automotive Paints Market Size, Analysis, and Forecasts, by Texture, 2020-2034
    • 5.3.1. Solid
    • 5.3.2. Metallic
    • 5.3.3. Matte Finish
    • 5.3.4. Pearlescent
    • 5.3.5. Solar Reflective

6. Global Automotive Paints Market Analysis, by Color Type

  • 6.1. Overview and Definitions
  • 6.2. Key Segment Analysis
  • 6.3. Automotive Paints Market Size, Analysis, and Forecasts, by Color Type, 2020-2034
    • 6.3.1. White
    • 6.3.2. Black
    • 6.3.3. Silver
    • 6.3.4. Grey
    • 6.3.5. Red
    • 6.3.6. Blue
    • 6.3.7. Others

7. Global Automotive Paints Market Analysis, by Vehicle Type

  • 7.1. Key Segment Analysis
  • 7.2. Automotive Paints Market Size, Analysis, and Forecasts, by Vehicle Type, 2020-2034
    • 7.2.1. Two Wheelers
    • 7.2.2. Three Wheelers
    • 7.2.3. Passenger Vehicles
      • 7.2.3.1. Hatchback
      • 7.2.3.2. Sedan
      • 7.2.3.3. SUVs
    • 7.2.4. Light Commercial Vehicles
    • 7.2.5. Heavy Duty Trucks
    • 7.2.6. Buses & Coaches
    • 7.2.7. Off-road Vehicle

8. Global Automotive Paints Market Analysis, by Sales Channel

  • 8.1. Key Segment Analysis
  • 8.2. Automotive Paints Market Size, Analysis, and Forecasts, by Sales Channel, 2020-2034
    • 8.2.1. OEM
    • 8.2.2. Aftermarket

9. Global Automotive Paints Market Analysis and Forecasts, by Region

  • 9.1. Key Findings
  • 9.2. Automotive Paints Market Size, Analysis, and Forecasts, by Region, 2020-2034
    • 9.2.1. North America
    • 9.2.2. Central and South America
    • 9.2.3. Europe
    • 9.2.4. Asia Pacific
    • 9.2.5. Middle East and Africa

10. North America Automotive Paints Market Analysis and Forecast

  • 10.1. Regional Outlook
  • 10.2. Automotive Paints Market Size, Analysis, and Forecasts, 2020-2034
    • 10.2.1. By Paint Type
    • 10.2.2. By Resin Type
    • 10.2.3. By Texture
    • 10.2.4. By Color Type
    • 10.2.5. By Vehicle Type
    • 10.2.6. By Sales Channel
    • 10.2.7. By Country
      • 10.2.7.1. USA
      • 10.2.7.2. Canada
      • 10.2.7.3. Mexico

11. Central and South America Automotive Paints Market Analysis and Forecast

  • 11.1. Regional Outlook
  • 11.2. Automotive Paints Market Size, Analysis, and Forecasts, 2020-2034
    • 11.2.1. By Paint Type
    • 11.2.2. By Resin Type
    • 11.2.3. By Texture
    • 11.2.4. By Color Type
    • 11.2.5. By Vehicle Type
    • 11.2.6. By Sales Channel
    • 11.2.7. By Country
      • 11.2.7.1. Brazil
      • 11.2.7.2. Argentina
      • 11.2.7.3. Chile
      • 11.2.7.4. Colombia
      • 11.2.7.5. Peru
      • 11.2.7.6. Central America
      • 11.2.7.7. Rest of Central and South America

12. Europe Automotive Paints Market Analysis and Forecast

  • 12.1. Regional Outlook
  • 12.2. Automotive Paints Market Size, Analysis, and Forecasts, 2020-2034
    • 12.2.1. By Paint Type
    • 12.2.2. By Resin Type
    • 12.2.3. By Texture
    • 12.2.4. By Color Type
    • 12.2.5. By Vehicle Type
    • 12.2.6. By Sales Channel
    • 12.2.7. By Country
      • 12.2.7.1. Germany
      • 12.2.7.2. UK
      • 12.2.7.3. France
      • 12.2.7.4. Italy
      • 12.2.7.5. Spain
      • 12.2.7.6. Russia & CIS
      • 12.2.7.7. Poland
      • 12.2.7.8. Netherlands
      • 12.2.7.9. Nordic Countries
      • 12.2.7.10. Rest of Europe

13. Asia Pacific Automotive Paints Market Analysis and Forecast

  • 13.1. Regional Outlook
  • 13.2. Automotive Paints Market Size, Analysis, and Forecasts, 2020-2034
    • 13.2.1. By Paint Type
    • 13.2.2. By Resin Type
    • 13.2.3. By Texture
    • 13.2.4. By Color Type
    • 13.2.5. By Vehicle Type
    • 13.2.6. By Sales Channel
    • 13.2.7. By Country
      • 13.2.7.1. China
      • 13.2.7.2. India
      • 13.2.7.3. Japan
      • 13.2.7.4. Indonesia
      • 13.2.7.5. Malaysia
      • 13.2.7.6. Thailand
      • 13.2.7.7. Vietnam
      • 13.2.7.8. South Korea
      • 13.2.7.9. ANZ
      • 13.2.7.10. Rest of Asia Pacific

14. Middle East & Africa Automotive Paints Market Analysis and Forecast

  • 14.1. Regional Outlook
  • 14.2. Automotive Paints Market Size, Analysis, and Forecasts, 2020-2034
    • 14.2.1. By Paint Type
    • 14.2.2. By Resin Type
    • 14.2.3. By Texture
    • 14.2.4. By Color Type
    • 14.2.5. By Vehicle Type
    • 14.2.6. By Sales Channel
    • 14.2.7. By Country
      • 14.2.7.1. Turkey
      • 14.2.7.2. Saudi Arabia
      • 14.2.7.3. UAE
      • 14.2.7.4. Israel
      • 14.2.7.5. Kuwait
      • 14.2.7.6. Egypt
      • 14.2.7.7. Morocco
      • 14.2.7.8. South Africa
      • 14.2.7.9. Nigeria
      • 14.2.7.10. Rest of Middle East and Africa

15. Competitive Landscape

  • 15.1. List of key players
  • 15.2. Company Profile/ Analysis
  • 15.3. Revenue Share Analysis
  • 15.4. Product/ Service/ Paint Type for Key Players
  • 15.5. Competitive Dashboard Analysis
  • 15.6. Competitive Scenario

16. Company Profiles

  • 16.1. 3M
    • 16.1.1. Company Overview
    • 16.1.2. Company Footprints
    • 16.1.3. Product Portfolio
    • 16.1.4. Competitors & Customers
    • 16.1.5. Subsidiaries & Parent Organization
    • 16.1.6. Recent Developments
    • 16.1.7. Financial Analysis
  • 16.2. AKZO NOBEL N.V.
    • 16.2.1. Company Overview
    • 16.2.2. Company Footprints
    • 16.2.3. Product Portfolio
    • 16.2.4. Competitors & Customers
    • 16.2.5. Subsidiaries & Parent Organization
    • 16.2.6. Recent Developments
    • 16.2.7. Financial Analysis
  • 16.3. Axalta Coating Systems, LLC
    • 16.3.1. Company Overview
    • 16.3.2. Company Footprints
    • 16.3.3. Product Portfolio
    • 16.3.4. Competitors & Customers
    • 16.3.5. Subsidiaries & Parent Organization
    • 16.3.6. Recent Developments
    • 16.3.7. Financial Analysis
  • 16.4. BASF SE
    • 16.4.1. Company Overview
    • 16.4.2. Company Footprints
    • 16.4.3. Product Portfolio
    • 16.4.4. Competitors & Customers
    • 16.4.5. Subsidiaries & Parent Organization
    • 16.4.6. Recent Developments
    • 16.4.7. Financial Analysis
  • 16.5. CLARIANT
    • 16.5.1. Company Overview
    • 16.5.2. Company Footprints
    • 16.5.3. Product Portfolio
    • 16.5.4. Competitors & Customers
    • 16.5.5. Subsidiaries & Parent Organization
    • 16.5.6. Recent Developments
    • 16.5.7. Financial Analysis
  • 16.6. Covestro AG
    • 16.6.1. Company Overview
    • 16.6.2. Company Footprints
    • 16.6.3. Product Portfolio
    • 16.6.4. Competitors & Customers
    • 16.6.5. Subsidiaries & Parent Organization
    • 16.6.6. Recent Developments
    • 16.6.7. Financial Analysis
  • 16.7. DUPONT
    • 16.7.1. Company Overview
    • 16.7.2. Company Footprints
    • 16.7.3. Product Portfolio
    • 16.7.4. Competitors & Customers
    • 16.7.5. Subsidiaries & Parent Organization
    • 16.7.6. Recent Developments
    • 16.7.7. Financial Analysis
  • 16.8. JOTUN
    • 16.8.1. Company Overview
    • 16.8.2. Company Footprints
    • 16.8.3. Product Portfolio
    • 16.8.4. Competitors & Customers
    • 16.8.5. Subsidiaries & Parent Organization
    • 16.8.6. Recent Developments
    • 16.8.7. Financial Analysis
  • 16.9. Kansai Paint Co., Ltd.
    • 16.9.1. Company Overview
    • 16.9.2. Company Footprints
    • 16.9.3. Product Portfolio
    • 16.9.4. Competitors & Customers
    • 16.9.5. Subsidiaries & Parent Organization
    • 16.9.6. Recent Developments
    • 16.9.7. Financial Analysis
  • 16.10. KCC Corporation
    • 16.10.1. Company Overview
    • 16.10.2. Company Footprints
    • 16.10.3. Product Portfolio
    • 16.10.4. Competitors & Customers
    • 16.10.5. Subsidiaries & Parent Organization
    • 16.10.6. Recent Developments
    • 16.10.7. Financial Analysis
  • 16.11. Nippon Paint Holdings Co., Ltd.
    • 16.11.1. Company Overview
    • 16.11.2. Company Footprints
    • 16.11.3. Product Portfolio
    • 16.11.4. Competitors & Customers
    • 16.11.5. Subsidiaries & Parent Organization
    • 16.11.6. Recent Developments
    • 16.11.7. Financial Analysis
  • 16.12. PPG ASIANPAINTS
    • 16.12.1. Company Overview
    • 16.12.2. Company Footprints
    • 16.12.3. Product Portfolio
    • 16.12.4. Competitors & Customers
    • 16.12.5. Subsidiaries & Parent Organization
    • 16.12.6. Recent Developments
    • 16.12.7. Financial Analysis
  • 16.13. PPG Industries, Inc.
    • 16.13.1. Company Overview
    • 16.13.2. Company Footprints
    • 16.13.3. Product Portfolio
    • 16.13.4. Competitors & Customers
    • 16.13.5. Subsidiaries & Parent Organization
    • 16.13.6. Recent Developments
    • 16.13.7. Financial Analysis
  • 16.14. Skshu Paint Co., Ltd.
    • 16.14.1. Company Overview
    • 16.14.2. Company Footprints
    • 16.14.3. Product Portfolio
    • 16.14.4. Competitors & Customers
    • 16.14.5. Subsidiaries & Parent Organization
    • 16.14.6. Recent Developments
    • 16.14.7. Financial Analysis
  • 16.15. SOLVAY
    • 16.15.1. Company Overview
    • 16.15.2. Company Footprints
    • 16.15.3. Product Portfolio
    • 16.15.4. Competitors & Customers
    • 16.15.5. Subsidiaries & Parent Organization
    • 16.15.6. Recent Developments
    • 16.15.7. Financial Analysis
  • 16.16. The Sherwin-Williams Company
    • 16.16.1. Company Overview
    • 16.16.2. Company Footprints
    • 16.16.3. Product Portfolio
    • 16.16.4. Competitors & Customers
    • 16.16.5. Subsidiaries & Parent Organization
    • 16.16.6. Recent Developments
    • 16.16.7. Financial Analysis
  • 16.17. Other Key Players
    • 16.17.1. Company Overview
    • 16.17.2. Company Footprints
    • 16.17.3. Product Portfolio
    • 16.17.4. Competitors & Customers
    • 16.17.5. Subsidiaries & Parent Organization
    • 16.17.6. Recent Developments
    • 16.17.7. Financial Analysis

17. Key Takeaways

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