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

• Market Size (2026): USD 2.78 Billion
• Projected Market Value (2031): USD 3.59 Billion
• CAGR (2026–2031): 5.22%
• Largest Region: Asia Pacific
• Fastest-Growing Resin Type: Thermoset
• Largest Resin Type: Thermoset
• Largest Vehicle Type: Passenger Cars
• Fastest-Growing Vehicle Type: Passenger Cars
• Key Players: Akzo Nobel N.V., PPG Industries, The Sherwin-Williams Company, Kansai Paint Co., Ltd., Jotun A/S, Axalta Coating Systems Ltd., Asian Paints Limited, Nippon Paint Holdings Co., Ltd., RPM International Inc., and Protech Group.

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

• By Resin Type: Thermoset is projected to register the fastest growth, supported by its durability, heat resistance, chemical stability, and strong performance in demanding automotive applications.
• By Vehicle Type: Passenger cars dominated the market in 2025, accounting for 77.6% of the market, supported by high production volumes and widespread use of coated automotive components.

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

• Rising adoption of low-VOC and sustainable coating technologies
• Increasing use of powder coatings in EV battery systems
• Development of low-temperature and UV-curable powder coatings
• Growing demand for durable and corrosion-resistant automotive finishes
• Increasing focus on coating efficiency and production cost reduction

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.

Related Reports

Powder Coatings Market
Asia Pacific Powder Coatings Market

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Report Code: CH 10575 | Published: 20 July 2026 | Report Pages: 298 | Market Data Tables: 270 | Figures: 60