Quick Summary:
Elevate your strategic decision-making in the dynamic Automotive Coatings industry with comprehensive insights from our newly released market research report. Our report provides an in-depth analysis of a market projected to soar to an impressive US$22.3 Billion by 2030, underlining the immense growth opportunities within this sector.
The report not only presents an analysis of the financial landscape but also offers crucial insights into regional differentiation, such as the US $4.3 Billion market stature and China's expected phenomenal 7.4% CAGR growth. Expand your global perspective with additional focus on other prospective markets including Japan, Canada, Germany, and the robust Asia-Pacific region. Our report further provides a competitive landscape featuring top players such as Akzo Nobel NV, Axalta Coating Systems, BASF SE, among others, providing a robust framework for benchmarking and strategic planning. Invest in our market research report today and drive your business towards success.
Global Automotive Coatings Market to Reach $22.3 Billion by 2030
The global market for Automotive Coatings estimated at US$15.8 Billion in the year 2022, is projected to reach a revised size of US$22.3 Billion by 2030, growing at a CAGR of 4.4% over the analysis period 2022-2030. Acrylics-Based, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$12.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Epoxy-Based segment is readjusted to a revised 4.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.3 Billion, While China is Forecast to Grow at 7.4% CAGR
The Automotive Coatings market in the U.S. is estimated at US$4.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2030 trailing a CAGR of 7.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3 Billion by the year 2030.Select Competitors (Total 57 Featured) -
- Akzo Nobel NV
- Axalta Coating Systems
- BASF SE
- Jotun A/S
- Kansai Paint Co., Ltd.
- KCC Corporation
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- The Valspar Corporation
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Automotive Coatings?
What is the growth rate of the Global Market for Automotive Coatings?
What is the forecasted size of the Global Market for Automotive Coatings?
Who are the key companies in the Global Market for Automotive Coatings?
| Report Attribute | Details |
|---|---|
| No. of Pages | 252 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 15.8 Billion |
| Forecasted Market Value ( USD | $ 22.3 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Akzo Nobel NV
- Axalta Coating Systems
- BASF SE
- Jotun A/S
- Kansai Paint Co., Ltd.
- KCC Corporation
- Nippon Paint Holdings Co., Ltd.
- PPG Industries, Inc.
- The Sherwin-Williams Company
- The Valspar Corporation
