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Home » Chemicals and Materials » Automotive OEM Coatings Market Size, Share, Trends, and Forecast 2024-2032

Automotive OEM Coatings Market By Type (Primer, Basecoat, Clearcoat, Electrocoat); By Technology (Solvent-borne, Water-borne, Powder Coatings, UV-cured Coatings); By Substrate (Metal, Plastics, Aluminum, Carbon Fiber); By Vehicle Type (Passenger Cars, Light Commercial Vehicles [LCVs], Heavy Commercial Vehicles [HCVs], Electric Vehicles [EVs]); By Geography, Segment revenue estimation, Forecast, 2024-2032.

Published On: SEP-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 72159850

The automotive oem coatings market was worth USD 11.5 billion in 2023 and will be worth USD 16.8 billion by 2030, growing at a CAGR of 5.5% during the forecast period.

 

The automotive OEM Coatings Market is growing due to the need for superior quality coatings that are both durable and attractive, contributing to decreased emissions. With automotive production crossing 85 million units per year in 2023, manufacturers are concentrating on coatings that offer barrier properties, specifically protection from corrosion, ultra-violet rays, and enhancement of looks. Another factor is the transition to electric cars because the car body of electric cars must be painted and undergo additional thermal protection coatings to address the issue of energy consumption. The most recent one is waterborne coatings, which have experienced a 25% rise because of their low VOC emission, which aligns with European and North American environmental laws. For instance, automobile manufacturers like Tesla are integrating smart coatings into their EV production lines for the improvement of efficiency and sustainability.

 

One major growth opportunity for the Automotive OEM Coatings market is in the electric vehicle segment, with key growth of over 20% per year in key regions like North America and Europe. The body of an EV needs specific coating solutions that control thermal characteristics and improve energy density. One of the recent innovations is heat-reflective surfaces that facilitate optimal battery performance by lowering the vehicle temperature, enhancing both mileage and protection against fire outbreaks. For example, BMW has started integrating advanced coatings on its electric vehicles to improve energy efficiency and meet the increasing demand for environmentally friendly coatings, creating opportunities for innovative coating solutions tailored to the EV market.

 

automotive-oem-coatings-market-infographics

 

Market Segmentation

By Type:

  • Primer

  • Basecoat

  • Clearcoat

  • Electrocoat

 

By Technology:

  • Solvent-borne

  • Water-borne

  • Powder Coatings

  • UV-cured Coatings

 

By Substrate:

  • Metal

  • Plastics

  • Aluminum

  • Carbon Fiber

 

By Vehicle Type:

  • Passenger Cars

  • Light Commercial Vehicles (LCVs)

  • Heavy Commercial Vehicles (HCVs)

  • Electric Vehicles (EVs)

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • India

  • China

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Argentina

  • Uruguay

  • Saudi Arabia

  • Rest of LAMEA

 

Asia-Pacific is the largest region in the Automotive OEM Coatings market due to the large automotive industry comprising key manufacturers in countries such as China, Japan, and India. China alone manufactured more than 25 million automobiles and trucks in 2023, which makes it the world’s biggest automotive manufacturer. The demand for OEM coatings in this region is fueled by the rapid growth of traditional internal combustion engine (ICE) vehicles and electric vehicles (EVs), with automakers focusing on coatings that provide corrosion resistance, UV protection, and enhanced aesthetics. One emerging technology regards the growing popularity of environmentally friendly waterborne coatings, especially in China and Japan, where the government put in place strict measures banning high VOC coatings. For instance, Toyota has adopted high-performance waterborne coatings into its production processes to meet environmental regulatory requirements without compromising the quality or efficiency of its automobiles.

 

Key Players

  • PPG Industries, Inc.

  • Axalta Coating Systems

  • BASF SE

  • AkzoNobel N.V.

  • Sherwin-Williams Company

  • Nippon Paint Holdings Co., Ltd.

  • Kansai Paint Co., Ltd.

  • Valspar Corporation

  • Jotun Group

  • Clariant AG

Frequently Asked Question About This Report

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Table of Contents

1.    AUTOMOTIVE OEM COATINGS MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    AUTOMOTIVE OEM COATINGS MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – AUTOMOTIVE OEM COATINGS MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Type of Automotive OEM Coatings and End Use Outlook Analysis
4.    HISTORIC TRENDS IN AUTOMOTIVE OEM COATINGS MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA AUTOMOTIVE OEM COATINGS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America Automotive OEM Coatings Historical Market ($MILLION), (2017 – 2023)
6.2. North America Automotive OEM Coatings Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
6.3.1. Primer
6.3.2. Basecoat
6.3.3. Clearcoat
6.3.4. Electrocoat
6.4. North America Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology
6.4.1. Solvent-borne
6.4.2. Water-borne
6.4.3. Powder Coatings
6.4.4. UV-cured Coatings
6.5. North America Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Substrate
6.5.1. Metal
6.5.2. Plastics
6.5.3. Aluminum
6.5.4. Carbon Fiber
6.6. North America Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type
6.6.1. Passenger Cars
6.6.2. Light Commercial Vehicles (LCVs)
6.6.3. Heavy Commercial Vehicles (HCVs)
6.6.4. Electric Vehicles (EVs)
6.7. North America Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.7.1. USA
6.7.2. Canada
6.7.3. Rest of North America
7.    USA AUTOMOTIVE OEM COATINGS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE AUTOMOTIVE OEM COATINGS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe Automotive OEM Coatings Historical Market ($MILLION), (2017 – 2023)
8.2. Europe Automotive OEM Coatings Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
8.4. Europe Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology
8.5. Europe Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Substrate
8.6. Europe Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type
8.7. Europe Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.7.1. Germany
8.7.2. France
8.7.3. UK
8.7.4. Italy
8.7.5. Spain
8.7.6. Rest of Europe
9.    APAC AUTOMOTIVE OEM COATINGS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC Automotive OEM Coatings Historical Market ($MILLION), (2017 – 2023)
9.2. APAC Automotive OEM Coatings Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
9.4. APAC Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology
9.5. APAC Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Substrate
9.6. APAC Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type
9.7. APAC Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.7.1. China
9.7.2. Japan
9.7.3. South Korea
9.7.4. India
9.7.5. Australia
9.7.6. Rest of APAC
10.    LATIN AMERICA AUTOMOTIVE OEM COATINGS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America Automotive OEM Coatings Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America Automotive OEM Coatings Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Type
10.4. Latin America Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Technology
10.5. Latin America Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Substrate
10.6. Latin America Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Vehicle Type
10.7. Latin America Automotive OEM Coatings Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.7.1. Brazil
10.7.2. Argentina
10.7.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. PPG Industries, Inc.
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. Axalta Coating Systems
11.3. BASF SE
11.4. AkzoNobel N.V.
11.5. Sherwin-Williams Company
11.6. Nippon Paint Holdings Co., Ltd.
11.7. Kansai Paint Co., Ltd.
11.8. Valspar Corporation
11.9. OTHER MARKET PLAYERS