The Global Automotive Paints and Coatings Market is Projected to Grow at A CAGR of 5.70% During the Forecast Period

The Global Automotive Paints and Coatings Market is estimated to exhibit a CAGR of 5.70% during the forecast period of 2021-2028 and will reach USD 22,386.08 million by the year 2028. Rising personal disposable income is another indirect growth determinant for the market.However, rising cost of automotive paints and coatingswill create hindrances in the way of market growth. Volatility in the prices of raw materials will further challenge the automotive paints and coatings market growth. Fluctuating prices of raw materials will make it difficult to source them.

Global Automotive Paints and Coatings Market Scenario

According to Data Bridge Market Research, the automotive paints and coatingsmarket will exhibit a significant rise in its market value. Upsurge in the automobile production has propelled the demand for automotive paints and coatings. Rising number of daily vehicle accidents has further boosted the demand for automotive paints and coatings.  Focus on production of eco-friendly paints will further create lucrative growth opportunities for the automotive paints and coatings market.

Currently, Asia-Pacificdominates the global automotive paints and coatings market in terms of market share and market revenue owing to the rising per capita income and vehicle affordability will further propel the demand for automotive paints and coatings. Setting up of manufacturing units by the major players in this region owing to the availability of abundant raw materials and cheap labour is another market growth determinant.

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Market Scope of the Automotive Paints and Coatings Market

The global automotive paints and coatingsmarket is segmented on the basis of countries into U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

  • The global automotive paints and coatings market is further segmented on the basis of vehicletype passenger cars, heavy commercial vehicles and light commercial vehicles.Based on coating type, the automotive paints and coatings market has been segmented into basecoat, primer, electro coat and clear coat. On the basis of technology type, the automotive paints and coatings market has been segmented into solvent borne, waterborne, UV curved and powder. On the basis of texture, the automotive paints and coatings market has been segmented into metallic, solid and waste. Automotive paints and coatings have also been segmented on the basis of distribution channel into aftermarket and OEM. On the basis of raw material, the automotive paints and coatings market has been segmented into epoxy, acrylic, polyurethane and other resins.
  • Automotive paints and coatings are the surface solutions that provide protective layers to the metal and enhance the aesthetics of the vehicle. Automotive paints and coatings are applied on the surfaces of automobiles with spray guns. Automotive paints and coatings are water based solutions consisting of polyurethane-based enamel. 

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Key Pointers Covered in the Automotive Paints and CoatingsMarketIndustry Trends and Forecast to 2028

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Regulatory Framework and Changes
  • Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in Automotive Paints and CoatingsMarket report

  • BASF SE
  • PPG Industries, Inc.
  • Akzo Nobel N.V.
  • Axalta Coating Systems
  • The Sherwin-Williams Company
  • Nippon Paint (India) Private Limited.
  • RPM International Inc.
  • ppgasianpaints
  • DuPont.
  • Clariant
  • Solvay
  • Cabot Corporation.
  • Covestro AG
  • Donglai coating technology
  • Eastman Chemical Company
  • Kansai Paint Co.,Ltd.
  • KCC CORPORATION.
  • Valspar
  • Shanghai Kinlita Chemical Co., Ltd.

Above are the key players covered in the report, to know about more and exhaustive list of automotive paints and coatingsmarketcompanies contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-paints-and-coatings-market

Research Methodology:

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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