Automotive Specialty Coating Market to Reach USD 4.3 Billion, Globally by 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Automotive Specialty Coating Market” that contains information from 2018 to 2032. The Automotive specialty coating Market is estimated to register a CAGR of 3.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Automotive specialty coating Market— Kansai (Japan), Sherwin Williams (US), Covestro (Germany), KCC (South Korea), Nippon Paint (Japan), PPG (US), Axalta (US), BASF (Germany), AkzoNobel (Netherlands), DOW Chemical (US), Solvay (Belgium) and others.

Market Highlights

The global automotive specialty coating market is accounted to register a CAGR of 3.50% during the forecast period and is estimated to reach USD 4.3 Billion by 2032.

The automotive specialty coating market is thriving as manufacturers seek innovative coatings to enhance aesthetics, durability, and corrosion resistance in vehicles, meeting evolving consumer demands.

Segment Analysis

The global automotive specialty coating market has been segmented based application and technology.

On the basis of application, the market is segmented into engine exhaust, interior, transmission and wheels. The transmission segment dominated the market in 2022. Coatings on transmission components shield them from heat, corrosion, and wear and so increase their lifespan.  

Based on technology, the global automotive specialty coating market has been segmented into solvent-borne, water-borne and powder. The solvent-borne category generated the most income in 2022. The extraordinary performance qualities of solvent-borne coatings, such as good adhesion, toughness, and resistance to harsh weather, chemicals, and UV radiation, have long been recognized.

Regional Analysis

The global automotive specialty coating market based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Automotive specialty coating Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Automotive specialty coating Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Automotive specialty coating Market comprises of Middle East, Africa, and Latin America.

The North America automotive specialty coating market dominated this market in 2022 (45.80%). North America, particularly the United States and Canada, has taken the lead in enforcing strict environmental regulations aimed at reducing volatile organic compounds (VOCs) and dangerous emissions from coatings. The Clean Air Act in the United States and legislation of a similar sort in Canada have raised the need for low-VOC and environmentally friendly specialty paints. As consumers become more environmentally conscious, automakers and suppliers are under pressure to utilize coatings that minimize their environmental impact.

Moreover, the Europe market has been persistently growing over the forecast period. Shopping choices in Europe must now take sustainability into account as consumers become more aware of environmental issues. Automakers are prompted by consumer demand to adopt ecologically friendly practices, such as utilizing coatings with low environmental impact. The development of ecologically friendly specialty coatings it has sparked has further changed the European market.

The Asia-Pacific automotive specialty coating market is expected to grow at the fastest CAGR from 2023 to 2032. In the Asia Pacific region, the middle class is developing quickly, and urbanization is accelerating. Customers anticipate greater quality and more aesthetically pleasing design as more people join the ranks of car owners. In order to satisfy consumer demands for automobiles that not only provide transportation but also reflect the tastes and sense of style of the owner, specialty coatings are essential.

Furthermore, the rest of the world's automotive specialty coating market is divided into the Middle East, Africa, and Latin America. The automotive specialty coating market in Latin America is witnessing growth as automakers adopt advanced coatings to enhance vehicle aesthetics and protect against harsh environmental conditions, meeting the rising demands of discerning consumers in the region.

Key Findings of the Study

• The global automotive specialty coating market is expected to reach USD 4.3 Billion by 2032, at a CAGR of 3.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market as rapidly expanding middle class and increasing urbanization in the Asia Pacific area have increased car ownership. As more people join the ranks of car owners, customers' expectations for better quality and more aesthetically pleasing design increase.


• Based on technology, the solvent-borne segment was attributed to holding the largest market in 2022.


• Kansai (Japan), Sherwin Williams (US), Covestro (Germany), KCC (South Korea), Nippon Paint (Japan), PPG (US), Axalta (US), BASF (Germany), AkzoNobel (Netherlands), DOW Chemical (US), Solvay (Belgium) and others.