Automotive Coatings Market Report 2026

The automotive coatings market size has grown strongly in recent years. It will grow from $23.37 billion in 2025 to $25.58 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to growth of global automotive production, rising use of multi-layer coating systems, expansion of vehicle customization trends, increasing application of e-coat technologies, availability of advanced resin chemistries.

The automotive coatings market size is expected to see strong growth in the next few years. It will grow to $36.13 billion in 2030 at a compound annual growth rate (CAGR) of 9%. The growth in the forecast period can be attributed to increasing electric vehicle production, rising demand for sustainable coating solutions, expansion of automotive refinish activities, growing focus on scratch-resistant and durable coatings, increasing integration of smart manufacturing in coating processes. Major trends in the forecast period include increasing adoption of waterborne and low-voc coatings, rising demand for advanced corrosion-resistant coatings, growing use of lightweight substrate coatings, expansion of uv-cured and powder coatings, enhanced focus on aesthetic customization.

The rising demand for lightweight vehicles is significantly driving the growth of the automotive coatings market. Stringent emission regulations and the growing need to reduce fuel consumption have fueled this demand. Surfaces of lightweight vehicles are coated with various types of coatings for both protective and decorative purposes. Automotive coatings help protect vehicle surfaces from corrosion while contributing to overall weight reduction. For example, in August 2024, the Federal Reserve Economic Data, a US-based government organization, reported that sales of lightweight vehicles, including autos and light trucks, rose to 15.002 million units in January 2024, up from 13.431 million units in January 2023, reflecting an approximate 11.7% year-over-year increase. Therefore, the growing demand for lightweight vehicles is expected to support the expansion of the automotive coatings market going forward.

Leading companies in the automotive coatings market are prioritizing technological innovations, particularly nanotechnology-based solutions, to meet the burgeoning demand for automotive coatings. Nanotechnology-based automotive coatings involve the application of coatings or surface treatments at the nanoscale level utilizing nanomaterials or nanoparticles. For example, in July 2023, Hyundai Motor Company, a South Korea-based automotive manufacturer, unveiled an innovative nanotechnology-based self-healing coating for automobiles. This cutting-edge feature applies macromolecules to a car's surface that can revert to their original form, effectively mending scratches or dents, contributing to the vehicle's appearance and protection.

In July 2024, Axalta, a U.S.-based manufacturer of photonic devices and systems, acquired The CoverFlexx Group for an undisclosed sum. The purpose of Axalta's acquisition is to strengthen its offerings in the automotive refinish coatings market and foster growth in that sector, with a particular emphasis on economy customers in North America. The CoverFlexx Group is a Netherlands-based manufacturing company that specializes in coatings specifically designed for automotive refinish and aftermarket applications.

Major companies operating in the automotive coatings market are The Valspar Corporation, Sherwin-Williams Company, Pittsburgh Plate Glass Company (PPG), Nippon Paint Automotive Coatings Co. Ltd., Kansai Paint Co. Ltd., BASF SE, Axalta Coating Systems Ltd., Akzo Nobel N.V., Berger Paints India Limited, Becker Industrial Coatings LLC, Jotun India Pvt. Ltd., Mankiewicz India Private Limited, Samhwa Paints Industries Co. Ltd., Nihon Toksuhu Toryo Co. Ltd., National Paint Factories Pvt. Ltd., Teknos Coatings And Paints Private Limited, Kelly-Moore Paints, Hempel A/S, Deutsche Amphibolin-Werke von Robert Murjahn Stiftung & Co. KG, Tiger Coatings GmbH & Co. KG.

Asia-Pacific was the largest region in the automotive coatings market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive coatings market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive coatings market consists of sales of automotive coating technology, including UV-cured coating. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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