Automotive Paints and Coatings Market Trends 2022 | Segmentation, Outlook, Industry Report to 2028

The automotive paints and coatings market size was US$ 14.33 billion in 2019 and is projected to grow at a CAGR of around 5% from 2022 to 2028. Changing customer preferences for attractive paint textures and improving the aesthetic appearance of vehicles are driving market expansion.

Key Players

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 and Eastman.

Market –Segmentations

By Vehicle

• Light commercial vehicle
• Heavy commercial vehicle
• Passenger Cars

By Coating Type

• Primer
• Basecoat
• Clearcoat
• Electrocoat

By Technology

• Waterborne
• Solvent borne
• Powder
• UV Curved

By Texture

• Solid
• Metallic
• Matte

By Distribution Channel

• OEM
• Aftermarket

By Raw Material

• Polyurethane
• Epoxy
• Acrylic
• Other resins

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

Key Questions Answered by Automotive Paints & Coatings Market Report

• What was the Automotive Paints & Coatings Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
• What will be the CAGR of the Automotive Paints & Coatings Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Automotive Paints & Coatings Market was the market leader in 2021?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.