Global Automotive Paints Market to Witness Impressive Growth, Revenue to Surge to USD 29.5 Billion By 2028

31-May-2021 | Zion Market Research

The global automotive paints market accounted for USD 19.5 Billion in 2020 and is expected to reach USD 29.5 Billion by 2028, growing at a CAGR of 5.2% from 2021 to 2028.    

The report covers forecast and analysis for the automotive paints market on a worldwide, regional and country level. The study provides historic information of 2016-2028 together with a forecast from 2021 to 2028 based on both revenue (USD Billion). The entire study covers the key drivers and restraints for the automotive paints market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the automotive paints market on a global level.

In order to offer the users of this report a comprehensive read on the automotive paints market, we've got enclosed the detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the automotive paints market has additionally been enclosed within the study. The study encompasses a market attractiveness analysis, whereby all segments are benchmarked supported their market size, rate, and general attractiveness.

The report also covers the market share of the key participants’ operative in the respective market across the world. In addition, the report covered the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations and joint ventures and regional growth of major participants concerned within the market on the international and regional basis. Additionally, it covers the product portfolio and patent analysis (2016-2020) divided into a patent trend, patent share by company and patent analysis in accordance with the region.

The study provides a crucial view of the automotive paints market by segmenting the market based on its segmentation. The segmentation included vehicle type, coat type, technology, texture, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2028. Based on vehicle type, the global automotive paints market included in this study are light commercial vehicles, heavy commercial vehicles, and passenger cars types. Additionally, the regional classification includes the key countries and regions such as Europe, North America, Latin America, Asia Pacific, and Middle East & Africa.

The worldwide automotive paints market in 2020 was dominated by the Asia Pacific. It accounted for around 48% of the global market share. Rising middle-class population, improve living standards, shifting consumer’s preferences, rising economy and growing demand for the luxurious vehicle are some of the major drivers for automotive paint market in Asia Pacific region. Whereas, the governmental norms against volatile organic compound (VOC) automotive paint in North America and Europe is expected to boost the automotive paint market in these regions.

Global automotive paints market is very competitive and consolidated by the presence of many small and big players. The top automotive paints producers mostly directly sell their paints to automotive manufacturers only. Thus, their largest market is the manufacturing and sale of new automobiles. Key players profiled in the report include BASF SE, Akzonobel N.V., PPG Industries Inc., Kansai Paint Co., Ltd., Paint Holdings Co., Ltd, Nippon, Valspar Corporation, and Arkema SA among others.

Browse the full Automotive Paints Market By Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles, and Passenger Cars), Coat Type (Electro coat, Primer, and Basecoat), By Technology (Solvent, Waterborne, and Powder Coating), By Texture (Solid And Metallic): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/automotive-paints-market

The report segments the automotive paints market into:

By Type

  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Passenger Cars

By Material

  • Electro coat
  • Primer
  • Basecoat
  • Clear coat

By Application

  • Solvent
  • Waterborne
  • Powder Coating

By Texture

  • Solid
  • Metallic

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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