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Global Automotive Paint & Coating Market Overview and Analysis of PPG Industries, BASF, Axalta, Nippon Paint, AkzoNobel, Sherwin Williams, Kansai Paint, KCC Corporation, Xiangjiang Kansai Paint, YATU, Kinlita, Peter Lacke, Donglai and more

Automotive Paint & Coating is a type of coating used to protect and decorate the exterior of automobiles. It is typically applied in a two-step process where the first layer (basecoat) is applied to the vehicle and then the second layer (clearcoat) is applied to the basecoat. Automotive Paint & Coating is designed to resist damage from UV rays, chemicals, and wear, while providing an attractive finish.

Automotive Paint & Coating is a major global industry, with millions of cars and other vehicles being coated each year. It is used by car manufacturers, body shops, and automotive refinishers to protect and beautify vehicles. The global market for automotive paints and coatings is expected to reach $14.9 billion by 2024, with the Asia-Pacific region expected to be the fastest-growing market.

The global Automotive Paint & Coating market was valued at US$ 19500 million in 2022 and is anticipated to reach US$ 23970 million by 2029, witnessing a CAGR of 2.5% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

A detailed market research report on Global Automotive Paint & Coating Market available at:

This report aims to provide a comprehensive presentation of the global market for Automotive Paint & Coating, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Paint & Coating.

The key players are PPG Industries, BASF and Axalta Coating Systems, etc. Top 3 companies occupied about 55% market share.Asia-Pacific is the largest market, with a share about 45%, followed by Europe and North America with the share about 25% and 17%.In terms of product, water-based coating is the largest segment, with a share over 60%. And in terms of application, the largest application is OEM, followed by refinish.

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Shirish Gupta

Marketing Manager

The Market Reports

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