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.

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.

 

 

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

 

Automotive OEM Coatings Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 11.5 billion
Revenue Forecast in 2030	USD 16.8 billion
Overall Growth Rate	CAGR of 5.5%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 - 2030)
Segmentation	By Type, By Technology, By Substrate, By Vehicle Type, By Region
By Type	Primer, Basecoat, Clearcoat, Electrocoat
By Technology	Solvent-borne, Water-borne, Powder Coatings, UV-cured Coatings
By Substrate	Metal, Plastic, Aluminum, Carbon Fiber
By Vehicle Type	Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles
By Region	North America, Europe, Asia-Pacific, LAMEA
Country Scope	US, Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Australia, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.