Automotive Paint Market Report 2025

This Automotive Paint market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The automotive paint market size has grown strongly in recent years. It will grow from $15.65 billion in 2024 to $16.57 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to a rise in automotive production, a rise in consumer preferences for aesthetically pleasing vehicles, a rise in stringent environmental regulations, a shift towards lightweight materials, and an expansion of aftermarket services.

The automotive paint market size is expected to see strong growth in the next few years. It will grow to $20.48 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to the growing electric vehicle market, rise in digitalization in vehicle design, expansion of shared mobility services, rising focus on sustainable solutions, and expansion of automotive customization services. Major trends in the forecast period include advancements in coating technologies, development of eco-friendly solutions, integration of advanced color matching technologies, emphasis on surface protection and maintenance, advancements in digital color matching technologies, and developments in smart coatings.

The growing vehicle production is expected to drive the expansion of the automotive paint market. Vehicle production involves the entire process of manufacturing automobiles, from initial design and engineering to the final assembly of components into finished vehicles ready for sale and distribution. The increase in vehicle production is driven by factors such as rising global demand for automobiles, the expansion of transportation infrastructure, and growing urbanization. Automotive paint plays a crucial role in vehicle production, providing aesthetic appeal, protection, brand differentiation, corrosion resistance, and manufacturing efficiency, all of which contribute to the overall quality and success of automotive products. For example, in May 2023, the European Automobile Manufacturers Association (ACEA), a Belgium-based trade group, reported that approximately 85.4 million motor vehicles were produced worldwide in 2022, reflecting a 5.7% increase from 2021. Therefore, the rise in vehicle production is propelling the growth of the automotive paint market.

Key players in the automotive paint market are actively developing technologically advanced solutions, such as biomass balance automotive coatings, to reduce carbon footprints and environmental impacts. Biomass balance automotive coatings are environmentally friendly paints tailored for the automotive industry, replacing a portion of the traditional fossil-based raw materials used in production with renewable raw materials sourced from biomass. For example, in December 2022, BASF SE introduced BASF's ColorBrite Airspace Blue ReSource basecoat, an automotive coating incorporating renewable raw materials using a certified biomass balance approach. These coatings leverage renewable raw materials in their manufacturing process, thereby reducing the product's carbon footprint by approximately 20%. BASF's biomass balance approach ensures that renewable raw materials replace fossil-based feedstock in manufacturing, with the proportion attributed to specific sales products using a certified mass balance method.

In July 2022, Sherwin-Williams Company expanded its presence in the European market by acquiring Gross and Perthun GmbH for an undisclosed amount. With this acquisition, Sherwin-Williams aims to bolster its portfolio with a high-quality complementary business focused on waterborne and solvent liquid coatings. Gross and Perthun GmbH, based in Germany, specializes in manufacturing paint products for the agricultural and commercial vehicle industries, further strengthening Sherwin-Williams' position in this sector.

Major companies operating in the automotive paint market are BASF SE, Dow Chemical Company, 3M Company, Henkel AG And Co. KGaA, Sherwin-Williams Company, Covestro AG, PPG Industries, Akzo Nobel N.V., Eastman Chemical Company, Nippon Paint Holdings Co. Ltd., Masco Corporation, RPM International Inc., Clariant AG, KCC Corporation, Axalta Coating Systems Ltd., Cabot Corporation, Asian Paints Limited, Kansai Paint Co. Ltd., Hempel A/S, Berger Paints India Limited, Teknos Group, SK Kaken Co. Ltd., Yip's Chemical Holdings Limited, Matrix System Automotive Finishes, Cresta Paint Industries Ltd.

Asia-Pacific was the largest region in the automotive paint market in 2024. The regions covered in the automotive paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive paint market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Automotive paint comprises specialized coatings utilized for both protection and aesthetic enhancement of vehicles. These paints provide a glossy finish while safeguarding the vehicle's metal or composite body against corrosion, UV radiation, and other environmental hazards.

The main vehicle categories for automotive paints encompass passenger cars, light commercial vehicles, and heavy commercial vehicles. Passenger cars, often known as automobiles or cars, are vehicles primarily intended for passenger transportation. Automotive paints typically include primer, base coat, clear coat, and electrocoat layers, while texture variations encompass solid, metallic, and other textures. Technologies utilized in automotive paints range from waterborne coatings to solvent-borne coatings and powder coatings. These paints are distributed through various sales channels including original equipment manufacturers (OEMs) and the aftermarket.

The automotive paint market research report is one of a series of new reports that provides automotive paint market statistics, including the automotive paint industry global market size, regional shares, competitors with an automotive paint market share, detailed automotive paint market segments, market trends and opportunities, and any further data you may need to thrive in the automotive paint industry. This automotive paint market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive paint market consists of sales of touch-up paints, activators and catalysts, specialty coatings, and additives to facilitate color matching, curing, customization, and performance enhancement of vehicle coatings. 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.

This product will be delivered within 3-5 business days.