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Automotive Powder Coatings Market to Reach USD 3.59 Billion by 2031, Growing at a CAGR of 5.22% — MarketsandMarkets™

globenewswire.com
PPG PPG Industries is identified as a key player in the automotive powder coatings market, which is projected to experience significant growth. SHW Sherwin-Williams is listed as a key player in the expanding automotive powder coatings market, suggesting potential for increased demand for their products. AXTA Axalta is mentioned as a company strengthening competition in the automotive powder coatings market, which is expected to grow. RPM RPM International is noted as a company strengthening competition in the automotive powder coatings market, which is projected to grow.

Automotive Powder Coatings Market to Reach USD 3.59 Billion by 2031, Growing at a CAGR of 5.22% — MarketsandMarkets™ Delray Beach, FL, Aug. 17, 2026 (GLOBE NEWSWIRE) -- The global Automotive Powder Coatings Market is projected to grow from USD 2.78 billion in 2026 to USD 3.59 billion by 2031, at a CAGR of 5.22% during the forecast period. Growth is driven by increasing vehicle production, rising demand for durable and high-quality surface protection, and growing adoption of low-VOC and environmentally friendly coating technologies. Increasing EV production is also creating new opportunities for powder coatings in battery systems and automotive components.

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Key Market Highlights

Why This Market Matters

Automotive powder coatings provide strong durability, corrosion resistance, chemical resistance, and wear protection while supporting lower-VOC manufacturing. Their use is expanding across automotive components as manufacturers seek efficient and sustainable finishing solutions.

Market Overview

The market is witnessing steady growth alongside expanding vehicle and automotive component production. Advanced finishing technologies and the demand for cost-effective, high-performance surface protection are further supporting powder coating adoption.

Analyst Perspective

The increasing adoption of powder coatings in EV battery systems, combined with the development of low-temperature and UV-curable powder coatings, is creating new growth opportunities.

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Segment Analysis

Regional Analysis

Asia Pacific dominated the global automotive powder coatings market in 2025, accounting for 56.2% of the market. Its leadership is supported by large-scale vehicle manufacturing, established automotive supply chains, expanding production capacity, and increasing adoption of advanced coating technologies.

Key Industry Trends

Competitive Landscape

The market features established global coatings companies with strong automotive portfolios. Akzo Nobel, PPG Industries, The Sherwin-Williams Company, and Jotun are among the key players, while companies such as Axalta, Kansai Paint, Asian Paints, Nippon Paint, RPM International, and Protech Group strengthen competition through product development, capacity expansion, and regional growth.

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