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Download Free sampleAutomotive coatings, like most Other, are used mainly to provide protection and decoration. Water-based acrylic polyurethane enamel paint is currently the most widely used paint for reasons including reducing paint's environmental impact. Modern automobile paint is applied in several layers, with a total thickness of around 100 ?m(0.1mm). Paint application requires preparation and primer steps to ensure proper application. A basecoat is applied after the primer paint is applied. Following this, a clearcoat of paint may be applied that forms a glossy and transparent coating. The clearcoat layer must be able to withstand UV light.
Automotive Paint Coating Market aims to provide a comprehensive presentation of the global market for Automotive Paint & Coating, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Paint & Coating. Automotive Paint Coating Market contains market size and forecasts of Automotive Paint & Coating in global, including the following market information:
Global Automotive Paint & Coating Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Automotive Paint & Coating Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Automotive Paint & Coating companies in 2022 (%)
The global Automotive Paint & Coating market was valued at US$ 20060 million in 2022 and is projected to reach US$ 23630 million by 2029, at a CAGR of 2.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The key players are PPG Industries, BASF and Axalta Coating Systems, etc. Top 3 companies occupied about 55% market share.Asia-Pacific is the largest market, with a share about 45%, followed by Europe and North America with the share about 25% and 17%.In terms of product, water-based coating is the largest segment, with a share over 60%. And in terms of application, the largest application is OEM, followed by refinish.
We surveyed the Automotive Paint & Coating manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
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