According to the report ‘Automotive Coating Market by Resin Type (Polyurethane, Epoxy, Acrylic), Technology (Solvent-Borne, Water-Borne, Powder Coating), Coat Type (Clearcoat, Basecoat, Primer, E-Coat) - Global Forecast to 2021', published by MarketsandMarkets, the market size is estimated to grow from USD 11.57 Billion in 2016 to USD 16.24 Billion by 2021, at a CAGR of 7.02% between 2016 and 2021.

Demand from consumers for different colour & texture, sales supportive policies, increasing purchasing power parity (PPP), and purchasing power of people in emerging economies is driving the automotive coating market.

Clearcoat is the largest coat type in the automotive coating market

Clearcoat is the fourth and the last layer applied to a car's body after basecoat, e-coat, and primer. This coat accounted for the maximum market share in 2015. It conveys no color to cars body, but only a transparent coat. It helps protect basecoat from ultraviolet rays, sun, and extreme environmental conditions.

Water-borne is the fastest-growing technology segment in the automotive coating market

The major advantage of water-borne technology is low toxicity and flammability. This technology has low VOC and HAP emissions. It also has excellent adhesion and greater heat resistance compared to other technologies.

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utomotive Coating Market