HOME Press Releases Automotive Paints Market worth 10.65 Billion USD by 2025



Automotive Paints Market worth 10.65 Billion USD by 2025


The report "Automotive Paints Market by Type (E-coat, Primer, Basecoat, Clearcoat), Resin (PU, Epoxy, Acrylic), Technology (Solvent, Water, Powder), Paint Equipment (Airless, Electrostatic), Texture, Content, ICE & EVs, Refinish, and Region - Global Forecast to 2025", The global automotive paints market is estimated to be USD 8.74 Billion in 2018 and is projected to reach USD 10.65 Billion by 2025, at a CAGR of 2.88% from 2018 to 2025. The growing vehicle production (especially, passenger cars), stringent VOC emission regulations for paint manufacturing, and changing customer preferences for paint textures are projected to drive the automotive paints industry and advancements in the paint technology.

                                                     Request Sample                 Request Sample

Browse 124 market data Tables and 73 Figures spread through 194 Pages and in-depth TOC on "Automotive Paints Market by Type (E-coat, Primer, Basecoat, Clearcoat), Resin (PU, Epoxy, Acrylic), Technology (Solvent, Water, Powder), Paint Equipment (Airless, Electrostatic), Texture, Content, ICE & EVs, Refinish, and Region - Global Forecast to 2025"
https://www.marketsandmarkets.com/Market-Reports/automotive-paints-market-1246.html
Early buyers will receive 10% customization on reports.

Polyurethane resin is projected to have the largest demand in automotive paints market

Polyurethane-based coating is widely used in automotive OEM and refinish painting process because of its excellent combination of properties, including good elasticity at low temperatures, abrasion resistance, solvent- and water-resistance, dry cleanability and machine washability. In addition, high performance (color, clarity and finish) can be achieved with very thin paint coat that do not increase paint thickness or change styling factors, including drape. Hence, polyurethane-based paints have the largest market in automotive paints market, by resin type.

Powder coating technology is estimated to have the fastest growth in automotive paints market

Powder coating technology is projected to grow at the fastest rate during the forecast period from 2018 to 2025. A key factor driving the growth of powder coatings is the reduced wastage compared to liquid-based paints and increasingly stringent environmental regulations for zero or non-VOC coatings. Powder coating is eco-friendly and emits only a small amount of volatile organic compounds. It is anticipated to experience rapid growth due to its unique features such as high corrosion resistance, high-quality finish, and abrasion. It also offers protection from moisture, heat, and chemicals.

Increasing vehicle production and improving economy would drive the Asia Oceania automotive paints market

The Asia Oceania region comprises emerging economies such as China and India, along with developed nations such as Japan and South Korea. The automotive industry in the Asia Oceania region has been dynamic over the past few years and has seen an increase in the annual production and sales of vehicles. According to OICA, Asia Oceania has the largest share of global vehicle production, which is approximately 54% in 2017 and is expected to grow in the future. With such a large share, Asia Oceania has witnessed substantial growth in the demand for automotive paints. Due to an increase in the disposable income of consumers, China has emerged as a key market for premium vehicles, which in turn would boost the demand for innovative and advanced automotive paints. Hence, Asia Oceania is projected to be the largest market for automotive paints.

Major manufacturers in the Automotive paints market include PPG (US), Axalta (US), AkzoNobel (Netherlands), BASF (Germany), Sherwin Williams (US), Valspar (US), Solvay (Belgium), DOW Chemical (US), 3M (US), and KCC (South Korea).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

We will organize an analyst call and demonstrate the latent opportunities and threats which will likely impact your business, at no cost.

Speak to Analyst


* Name :
* Business Email :
* Phone :
* Designation :
* Country:
Report AT 2118: Automotive Paints Market by Type (E-coat, Primer, Basecoat, Clearcoat), Resin (PU, Epoxy, Acrylic), Technology (Solvent, Water, Powder), Paint Equipment (Airless, Electrostatic), Texture, Content, ICE & EVs, Refinish, and Region - Global Forecast to 2025
* Enter the text from the image
   to the textbox :
1 6 1 1 0  
Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports