Skip to content
Meet Coda 👋
Get to know your first doc.
Start playing.
Put it all together.
Active Ingredients Market was valued at more than USD 3.57 billion in 2020 and is expected to grow at a CAGR of around 5% from 2022-2028
Automotive Carbon Canister Market is expected to display a steady growth by 2028|CAGR: ~5%| UnivDatos Market Insights
The EV Infrastructure market is expected to display a steady growth of 63% due to the rising environmental concern | UnivDatos Market Insights
The Connected Cars Market is expected to display a steady growth of 18% due to the increase in the number of cars produced | UnivDatos Market Insights
Hunting equipment Market is expected to display a steady growth of 7% due to the rise in outdoor recreational activities| UnivDatos Market Insights
Heavy Duty Engines Market is expected to display a steady growth of 5% due to the rise in construction and demand for logistics| UnivDatos Market Insights
The electronic sensor Market is expected to display a steady growth of 7% due to the rise in the adoption of smartphones and tablets | UnivDatos Market Insights
Automotive Ultrasonic Technologies Market is expected to display a steady growth by 2028|CAGR: 7%| UnivDatos Market Insights
Automotive Refinish Coatings Market is expected to display a steady growth of 5% due to the growing production and demand for automobiles | UnivDatos Market Insights
Automotive Paints Market is expected to display a steady growth of 5% due to the rise in the demand for the vehicle with anti-corrosive paint | UnivDatos Market Insights
Automotive Aluminum Market is expected to display a steady growth of 9% due to the demand for the safety of the vehicle | UnivDatos Market Insights
Untitled
More
Share
Explore

Automotive Paints Market is expected to display a steady growth of 5% due to the rise in the demand for the vehicle with anti-corrosive paint | UnivDatos Market Insights

According to a new report published by UnivDatos Markets Insights, the
Automotive paints Market
⁠
was valued at more than USD 20.1 billion in 2020 and is expected to grow at a CAGR of around 5% from 2022-2028. The analysis has been segmented into coating (Electrocoat, Primer, Basecoat, and Clearcoat); Texture Type (solid, metallic, matte, pearlescent, and solar reflective); Resin Type (Polyurethane, Epoxy, Acrylic, and Other Resins); Technology Type (Solvent-Borne, Waterborne, and Powder Coating); Vehicle Type (Passenger Car, Commercial Vehicle); Region/Country.
Click here to view the Report Description & TOC -
https://univdatos.com/report/automotive-paints-market/
⁠
⁠
The automotive paints market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the automotive paints market. The automotive paints market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the automotive paints market at the global and regional levels.
Market Overview
Automotive paint is a water-based formula, which is applied on the surfaces of automobiles with the assistance of a spray gun. These paints consist of polyurethane-based enamel which helps to protect the surface of the automobile from environmental damage. In addition, the parts of the automobile are arranged in an assembly and then automotive paint is applied at a controlled environmental temperature. Moreover, the increase in automobile production and upsurge in the demand for eco-friendly automotive paints are the key factors driving the growth of the market. For instance, in September 2021, Nippon Paint India, part of the NIPSEA Group, has launched a new international automotive refinish product system under the n-MAX brand.
Factors such as an increase in the production of vehicles, the growing income of the population, and product launches in the market are some of the prominent factors that are positively influencing the market growth globally.
Some of the major players operating in the market include 3M Co, Akzo Nobel N.V., Axalta Coating Systems Ltd, BASF SE, Covestro AG, Kansai Paint Co Ltd., NIPSEA GROUP, Sherwin-Williams Company, Solvay S.A., and PPG Asian Paints Pvt Ltd.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the automotive industry and has transformed the way automotive industry is delivered. The automotive paints market has been significantly affected during these times owing to the restriction on import and export and limitations in travelling.
The global automotive paints market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
Request for Sample Pages -
https://univdatos.com/get-a-free-sample-form-php/?product_id=30217
⁠
⁠
· Based on coating, the market is segmented into utility electrocoat, primer, basecoat, clearcoat. The clearcoat category is to witness higher CAGR during the forecast period owing to get the glossy and clear appearance of the paint of the vehicle. Moreover, the clear coat is the top coat of paint that is put on your car after the colored paint and primer. In addition, It is a clear, glossy coating designed to protect your paint from the elements while also enhancing the appearance of your paint. Hence, the factors driving the growth of the market.
· Based on texture type, the market is categorized into solid, metallic, matte, pearlescent, and solar reflective. Among these, the pearlescent to hold a significant share in the market in 2020. The pearlescent texture is referred to as pearl or mica, which means the color appears different when seen from different angles. Moreover, it makes the car glow and looks classier than the metallic paint.
· Based on resin type, the automotive paints market has been classified into polyurethane, epoxy, acrylic, and other resins. The polyurethane category is to witness higher adoption during the forecast period. This is mainly due to the exceptional properties of the polyurethane such as thick coating, smooth surface, and chipping resistance. Moreover, it also can be applied to rust protection steel plates and automotive bodies perfectly.
· Based on technology type, the automotive paints market has been classified into solvent-borne, waterborne, and powder coating. The powder coating category is to witness higher adoption during the forecast period. Powder coatings are widely used by OEMs for premium and ultra-premium cars due to their excellent durability and finish and high efficiency. Moreover, the increase in the production of the vehicle is increasing the demand for the powder coating category.
· Based on vehicle type, the automotive paints market has been classified into passenger cars and commercial vehicles. The passenger vehicle category is to witness higher adoption during the forecast period owing to the growing demand of the population to own a vehicle with glossy and good quality paint. In addition, the increasing production of passenger vehicles and growing income rate is also key factor in the growth of the market.
Have a Look at the Chapters -
https://univdatos.com/report/automotive-paints-market/
⁠
⁠
Automotive paints Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
· APAC is anticipated to be the region with the highest market for automotive paints due to its high vehicle production and growing economies. The automotive paint industry has developed alongside the vehicle. Automotive sectors are working hard to provide their customers with products that are ecologically friendly and use cutting-edge technology. The bulk of vehicles manufactured globally, as well as in APAC, are passenger cars. Passenger automobiles are projected to represent the largest market for automotive paints. Additionally, Asia and Oceania are anticipated to be the biggest markets for electric and hybrid cars. The hybrid vehicle market is anticipated to be the largest for automotive paints since hybrid vehicles are becoming more and more popular throughout the world.
The major players targeting the market include
· 3M Co
· Akzo Nobel N.V.
· Axalta Coating Systems Ltd
· BASF SE
· Covestro AG
· Kansai Paint Co Ltd.
· NIPSEA GROUP
· Sherwin-Williams Company
· Solvay S.A.
· PPG Asian Paints Pvt Ltd
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Automotive paints market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Request For Customization -
https://univdatos.com/get-a-free-sample-form-php/?product_id=30217
⁠
⁠
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the automotive paints market?
• Which factors are influencing the automotive paints market over the forecast period?
• What are the global challenges, threats, and risks in the automotive paints market?
• Which factors are propelling and restraining the automotive paints market?
• What are the demanding global regions of the automotive paints market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.



Want to print your doc?
This is not the way.
Try clicking the ⋯ next to your doc name or using a keyboard shortcut (
CtrlP
) instead.