Automotive Paint Market Analysis

Technology (Water-borne, Solvent-borne, Powder Coatings)

The global automotive paint market is segmented and analyzed for demand and supply by technology into water-borne, solvent-borne, and powder coatings. Out of these, the water-borne segment is anticipated to hold the largest market size by the end of 2037. Water-borne paints are cost-efficient and inexpensive, which upsurges the growth of the market during the forecast period. Moreover, the growing environmental concerns and high demand for eco-friendly automotive paint are estimated to boost the market during the forecast period. In a survey, close to 75% of the people were environmentally aware and said they were more likely to make eco-friendly changes in their lifestyle.

Our in-depth analysis of the global automotive paint market includes the following segments:

By Coating	Primer Base E-Coat Clear Electro Coat
By Texture	Solid Metallic Pearlescent Others
By Technology	Water-Borne Solvent-Borne Powder Coatings
By Resin	Polyurethane Epoxy Acrylic Other Resins
By Channel	OEMs Aftermarket
By Vehicle	Passenger Cars Light Commercial Vehicle Heavy Commercial Vehicle

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive paint is evaluated at USD 10.11 billion.

The automotive paint market size was valued at USD 9.73 billion in 2024 and is expected to reach USD 18.12 billion by 2037, expanding at around 4.9% CAGR during the forecast period i.e., between 2025-2037. Rise of automobile production, demand for innovative and eco-friendly paints,the high price of raw materials, and high use of polyurethane paints will drive the market growth.

Asia Pacific industry is expected to hold largest revenue share of 45% by 2037, owing to high production of electric vehicles in the region.

The major players in the market are 3M, BASF SE, PPG Industries, Inc., Akzo Nobel N.V., Axalta Coating Systems, The Sherwin-Williams Company, Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd, DuPont de Nemours, Inc., ClariantLtd., Solvay SA

Automotive Paint Market Analysis