The global market for automotive coatings has undergone many changes in the past decade due to declines in the global economy, which in turn impacts the automotive industry, of which automotive coatings are an integral part. In addition, the industry has experienced many changes in materials and process development, from conventional solvent coatings in past decades to greener coatings in the present and from hand spraying to robotic spraying.

BCC Research projects that the global market for automotive coatings will grow from nearly $20.2 billion in 2015 to almost $26.0 billion in 2021, at a compound annual growth rate (CAGR) of 4.4% during 2016–2021 (Table 1).