Advanced Materials and Chemicals

Automotive Paints Market

Global Industry Analysis and Forecast 2024-2031

Pages : 120

Base Year : 2023

Release Year : May 2024

Format : Pdf Ppt Xls

Report ID: KR472

Author : Saket A.

Base Year


Forecast Year


Historical Years


Market Value (2023)

USD 18.61 Billion

Forecasted Value (2031)

USD 26.16 Billion

CAGR (2024 - 2031)


Fastest Growing Region (2024 - 2031)

Asia Pacific

Largest Region

Asia Pacific

By Vehicle Type

Light Commercial Vehicle, Heavy Commercial Vehicle, Passenger Vehicle.

By Technology

Waterborne Coatings, Solvent Borne Coatings, Powder Coatings.

By Coating

Primer Base Coat, Base Coat, Clear Coat, Electrocoat.

By Texture

Metallic, Solid, Pearlscent, Matte.

By Sales Channel

OEM, Aftermarket.

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  • Check Icon Additional Company Profiles
  • Check Icon Additional Countries
  • Check Icon Cross Segment Analysis
  • Check Icon Regional Market Dynamics
  • Check Icon Country-Level Trend Analysis
  • Check Icon Competitive Landscape Customization
  • Check Icon Extended Forecast Years
  • Check Icon Historical Data Up to 5 Years
The global automotive paints market is projected to reach USD 26.16 billion by 2031, growing at a CAGR of 4.47% from 2024 to 2031.
The global automotive paints market was valued at USD 18.61 billion in 2023.
The major driving factor for the market growth is increasing automotive production coupled with technological advancements.
Top manufacturers of automotive paints market are 3M, Axalta Coating Systems, LLC, AkzoNobel N.V., BASF SE, Berger Paints India Limited, Henkel Corporation, Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., RPM International Inc., Sika AG, and others.
Asia-Pacific is the fastest growing region with the CAGR of 5.22% in the forecasted period (2024-2031) with the market value forecasted to reach at USD 9.83 billion.
By technology, waterborne coatings will hold the maximum share in the Automotive paints market with the revenue value of USD 15.67 billion in 2031.
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