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Automotive Paints & Coatings Market Share

Report ID: GMI3243
Published Date: Dec 2020
Report Format: PDF

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Automotive Paints & Coatings Market Share

Some of the prominent participants operating in the market are :

Axalta Group
Dupont and PPG Group
BASF SE
Berger Paints
Akzo Nobel
Covestro AG
Clariant AG
The Sherwin-Williams Company
Eastman

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Global automotive paints & coatings industry size was valued at USD 14.33 billion in 2019 and is likely to grow at nearly 5.3% CAGR through 2026.

Automotive paints & coatings market share from the electrocoat segment is estimated to reach USD 8 billion by 2026 driven by its benefits like corrosion resistance and lower curing temperature.

The waterborne technology segment accounted for a revenue of USD 6.5 billion in 2019 and is set to witness exponential growth due to low VOCs emission and superior performance.

OEMs segment held over 70% of the overall automotive paints & coatings market share during 2019 and will grow with the increasing automobile sales and consumer spending on aesthetic appearance, functionality, and comfort.

In 2019, polyurethane captured nearly 20% of automotive paints & coatings industry revenue and is set to record constant growth attributed to its durability, high gloss, and scratch and corrosion resistance.