Automotive specialty coatings market is anticipated to grow at a CAGR of 11.1% during the forecast period (2023-2030). Automotive specialized coatings are designed to provide vehicles with enhanced aesthetics, protection, and performance, catering to the evolving demands of consumers. The growing adoption of such protective coating is the key factor supporting the growth of the market globally. Protective coatings are a simple way to reduce corrosion, by limiting the exposure of the metal to a corrosive environment. Paint is a very common protective coating, though tar, pitch, bitumen and plastics are also used. Hence, the market players are also focusing on introducing protecting automotive specialty coatings solutions, further bolstering the market growth. For instance, in May 2023, Covestro AG launched a new production line the new Desmopan®UP TPU series for Paint Protection Film in the automotive and wind sector. The series offers high durability, adaptability and aesthetics, protecting automotive surface coatings from harsh environmental conditions. The material can also be used to protect wind blades or screens of smart devices.
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The global automotive specialty coatings market is segmented on the resin type, technology, application, and end users. Based on the resin type, the market is sub-segmented into polyurethane, epoxy, acrylic, polyester and others. Based on the technology, the market is sub-segmented into waterborne coatings, solvent-borne coatings, powder coatings and UV-cured coatings. Based on the application, the market is sub-segmented into anti-corrosion, heat protection, liquid & stain repellents, and scratch resistance. Further, on the basis of end users, the market is sub-segmented into passenger vehicle and commercial vehicle. Among the application, the anticorrosion sub-segment is anticipated to hold a considerable share of the market owing to the rise in development of sample containing P-EC microcapsules showed the best anticorrosion resistance. Novel epoxy-based coating that provides superior adhesion and corrosion resistance on lightweight materials like aluminum and composites for automotive industry.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Specialty Coatings Market Report Segment
By Resin Type
- Polyurethane
- Epoxy
- Acrylic
- POLYESTER
- Other (NYLON 6-6/6, Teflon)
By Technology
- Waterborne Coatings
- Solvent-Borne Coatings
- Powder Coatings
- Uv-Cured Coatings
By Application
- Anticorrosion
- Heat Protection
- Liquid & Stain Repellents
- Scratch Resistance
By End Users
- Passenger Vehicle
- Commercial Vehicle
Global Automotive Specialty Coatings Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive specialty coatings market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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