Automotive Paint Market Size

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. In the year 2025, the industry size of automotive paint is evaluated at USD 10.11 billion.  Increasing vehicle production, the rise of consumer awareness, and advancements in technology of painting are estimated to boost the growth of the market size during the forecast period. The covid impact has decreased the growth since 2019 and again boosted in 2021. In 2021, more than 9 million motor vehicles were produced in the U.S., while over 78 million vehicles were manufactured across the world. Additionally, rising personal income of individuals, improvement in lifestyle standards, and increasing investments in the development of automotive paints are expected to increase growth opportunities for the market.

The upsurge in innovative and eco-friendly automotive paints and demand for the aesthetic and glossy look is expected to boost the growth of the market trends during the forecast period. In 2017, the value of total automotive paints produced was around USD 8.5 billion globally. This is estimated to increase to over USD 10 billion by 2025. The resale value of old cars is increased with the colors of paint. Textured paints are a new trend to bring owners a tactile and visual experience. Besides, the increasing concern of people on health issues and adverse reactions caused by inhalation of volatile organic compounds used in solvent-based paints rise the demand for eco-friendly paints anticipating the escalation in the growth of the market.