Global Automotive Coatings Components Market Value and Growth Projections for 2025 - 2030
The Global Automotive Coatings Components Market size was valued at USD 14.5 billion in 2023 and is projected to reach USD19.8 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.44% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Global Automotive Coatings Components Market Driver:
Extensive Utilization of Passenger Cars Uplifting Market Growth– In recent years, the requirement for automobiles has increased substantially owing to the expansion of ride-hailing services and inclination of the consumers towards cars for intercity & intracity travel. The tourism industry has grown significantly across the globe. This is attributed to the increased focus of various governments to boost the arrival of tourists. The increased tourist arrivals have resulted in higher demand for rental cars as they provide comfort to tourists and are cost-effective if compared to taxis. Hence, there is an increased usage of the passenger car fleet of the companies providing rental car services. Along with this, the consumers in the developed & developing countries are highly using the personal automotive vehicles for daily commuting purposes. This widespread usage of cars deteriorates their outer paint. As a result, consumers are ensuring that their cars undergo regular maintenance including consistent coating furnishing to maintain its aesthetic looks, positively impacting the demand for automotive coatings.
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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Global Automotive Coatings Components Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Product
- Primer- Market Size & Forecast 2020-2030F (Thousand Tons)
- E-coat- Market Size & Forecast 2020-2030F (Thousand Tons)
- Basecoat- Market Size & Forecast 2020-2030F (Thousand Tons)
- Clearcoat- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Technology
- Waterborne Coatings- Market Size & Forecast 2020-2030F (Thousand Tons)
- Solventborne Coatings- Market Size & Forecast 2020-2030F (Thousand Tons)
- Powder Coatings- Market Size & Forecast 2020-2030F (Thousand Tons)
- UV-Cured Coatings- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Resin Type
- Polyurethane- Market Size & Forecast 2020-2030F (Thousand Tons)
- Epoxy- Market Size & Forecast 2020-2030F (Thousand Tons)
- Acrylic- Market Size & Forecast 2020-2030F (Thousand Tons)
- Others- Market Size & Forecast 2020-2030F (Thousand Tons)
- By End-Users
- OEMs- Market Size & Forecast 2020-2030F (Thousand Tons)
- Refinish- Market Size & Forecast 2020-2030F (Thousand Tons)
- By Application
- Plastic-Parts
- Metal-Parts
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - BASF SE, Axalta Coating Systems, PPG Industries, Inc., Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd., The Valspar Corporation, KCC Corporation, The Sherwin-Williams Company, Akzonobel N.V., Covestro AG, Arkema SA, Cabot Corporation, Clariant AG, Lord Corporation, Solvay S.A etc. are looking forward to strengthening their market positions.
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Global Automotive Coatings Components Industry Recent Development:
2024: BASF SE announced the expansion of its e-coat production facility in Mangalore, India. E-coat is used to secure a car’s body from corrosion.
2023: PPG Industries., announced the launch of GLADIATOR XC Matte Extreme coating which is a low-gloss urethane protective coating that can be utilized in various industries including automotive.
Data-Driven Insights Backed by Proven Research
We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
From smart sample selection and reliable data collection to in-depth analysis and precise forecasting, our process is designed to minimize error and maximize impact.
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