Last Updated: 23-07-2025 | Format: PDF | Report ID:1259 | Author: Lily
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | Revenue (USD Million) |
| What is the projected market size by 2035? | $12,850 Million |
| What is the market CAGR from 2025 to 2035? | 3.1% |
| Which region dominates the market? | Midwest (40%) |
| Which product/service type dominates the market? | Water-borne (45%) |
| Which application leads the market? | OEM (50%) |
| Who are the major buyers? | OEMs (55%), Aftermarket Providers (30%) |
| What are the key market growth drivers? | Growing adoption of eco-friendly water-borne and low-VOC automotive paints; Heightened OEM demand for high-performance coatings with rapid curing times to enhance manufacturing efficiency; highlighted by Axalta Coating Systems expansion of its ‘Cromax’ waterborne line in 2024 |
| What are the major market challenges? | Fluctuating raw material prices disrupting supply chains and challenging profit margins; manufacturers like BASF SE are hedging costs through digital supply chain management; Complexity in regulatory compliance across states for VOC levels in paints |
| What is the forecast period? |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| 2026–2035 |
| Who are the key market players? | Axalta Coating Systems, PPG Industries, BASF SE, AkzoNobel, Sherwin-Williams Company, Nippon Paint Holdings, Kansai Paint, 3M, RPM International, Valspar Corporation, Clariant, Cabot Corporation, Berger Paints, DuPont, Arkema SA |
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