How big is the automotive paint market | Global Trends, Share & Forecast

Q: What is the overall size of the automotive paint market?

The automotive paint market is projected to reach USD 30.3 billion by 2031.

Q: Which paint technologies are witnessing the fastest adoption?

Waterborne and powder coatings are gaining traction due to their environmental and health safety benefits.

Q: What is the CAGR of the automotive paint market during the forecast period?

The automotive paint market is expected to grow at a CAGR of 5.1% during the forecast period.

Q: What role does the aftermarket play in automotive paint sales?

The aftermarket is a major driver, with rising demand from collision repair services, customization shops, and refinishing centers.

Q: How is the EV trend impacting the automotive paint industry?

Electric vehicles require new paint solutions compatible with lightweight, non-metal body materials and improved thermal management.

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Code: MTA5248

Publication Date: Jul 2025

How big is the automotive paint market?

According to 6Wresearch internal database and industry insights, the Global automotive paint market was valued at USD 9.9 Billion in 2024 and is expected to reach USD 13.7 Billion by 2031, growing at a compound annual growth rate of 5.18% during the forecast period (2025-2031).

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The growth is attributed to the rising production of passenger and commercial vehicles, increasing consumer demand for aesthetic enhancements, and growing adoption of eco-friendly waterborne and powder coatings. Additionally, advancements in paint technologies for corrosion resistance, durability, and energy efficiency in OEM operations are boosting market demand.

Key Growth Factors of the Automotive Paint Market

Growing automobile production worldwide and the need for refinishing in the aftermarket
Waterborne and UV-cured coatings are being used more often to comply with environmental regulations.
Custom colours and matte/textured finishes are becoming more and more popular among consumers.
Growing networks of auto repair and body shops in developing nations
adoption of novel paint techniques for electric cars with surfaces made of special materials
Technology advancements that make self-healing and scratch-resistant coatings possible

Automotive Paint Market Trends

The market is seeing a shift toward low-VOC and high-performance coatings driven by stricter environmental norms. OEMs are embracing robotics-enabled paint booths for better consistency and cost savings. Metallic, pearlescent, and textured finishes are gaining popularity in luxury and sports segments. There is also increasing demand for heat-reflective and nano-ceramic coatings, especially in hot climate regions.

Emerging Developments in the Automotive Paint Market

Recent advancements include the introduction of bio-based resins and sustainable paint technologies. Companies are launching paint formulations that reduce curing time and energy use. AI and machine vision are being integrated into painting processes for precision and defect reduction. Automotive paint firms are collaborating with automakers to co-develop color palettes that align with brand identity and customer preferences.