openPR Logo
Press release

Automotive Paint Additives Market Size Forecast to Reach $5.1 Billion by 2025

05-06-2021 09:52 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: IndustryARC

Automotive Paint Additives Market

Automotive Paint Additives Market

Automotive Paint Additives Market size is forecast to reach $5.1 billion by 2025, after growing at a CAGR of 6.8% during 2020-2025. The growth of the market for automotive paint additives is driven by an increase in vehicle manufacturing and a rise in demand for innovative and environmentally friendly automotive paints. This has prompted players to develop products that are better and more effective, contributing to demand growth. Numerous paint additives have been introduced due to the increased automobile production and rise in demand for long-lasting paints for vehicles. The demand has complemented the growth of the market for automotive paint additives. Furthermore, the implementation of strict government regulations to opt for eco-friendly paints to reduce the adverse environmental impact is driving global market growth.

Full Report Link @ https://www.industryarc.com/Report/17762/automotive-paint-additives-market.html

Automotive Paint Additives Market Segment Analysis - By Type

Rheology Modifier Paint Additives is widely used in the Automotive Paint Additives Market in 2019. Rheology modifiers are vital additives used for the specific application in almost every coating to achieve desired rheological characteristics. These additives also help to monitor the stability of the paint shelf, ease of use, open time / wet edge and sagging, in addition to having the desired viscosity. Rheology Modifiers allow formulators to change paint flow behavior. That way, painters benefit from enhanced features of viscosity and application. A paint's sag resistance is enhanced by a rapid but controlled increase in viscosity after application. Rheology modifiers help prevent sedimentation of the pigments within a formulation during the transportation and storage of the paint.

Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=17762
Report Price: $ 4500 (Single User License)

Automotive Paint Additives Market Segment Analysis - By Application

Interior held the largest share in the Automotive Paint Additives Market in 2019 by growing at CAGR of 6.8% during the forecast period. Automotive paint additives were commonly used for interior uses, owing to it having nearly 80 percent of water, and falls under the eco-friendly group. Therefore, this paint additives are projected to fulfil the demand for future automotive interior vehicles, owing to its energy-efficient aspects. Increasing investments in eco-friendly indoor vehicle coatings, coupled with increasing safety concerns about harmful rays such as ultra-violate rays, are promising to grow the market over the coming years at a significant annual growth rate.

Automotive Paint Additives Market Segment Analysis - By Geography

Asia Pacific held the largest share with 47.2% in Automotive Paint Additives Market in 2019. Development in key industries such as the automobile industry is due to expanded usage of automotive paint additives to prevent damage in car bodies. Automotive paint additives and automotive surface coating methods show the cutting edge of manufacturing that is capable of producing resilient surfaces, meeting consumer expectations and maximizing performance. China is the world's biggest automotive market, according to the International Trade Administration, with the Chinese government forecasting car production to reach 30 million units by 2020 and 35 million by 2025. India also became the fourth largest automotive market in 2018, according to the India Brand Equity Base, with revenue rising 8.3 percent year-on-year to 3.99 million units. It was also the seventh biggest commercial vehicle producer in 2018.

Automotive Paint Additives Market Drivers

Expansion of Business

The primary factors projected to drive the growth of the demand for automotive paint additives are industry expansion through the incorporation of new production plants by leading automotive paint additives firms and steps taken by automotive companies to increase the efficiency of automotive paint additives in order to minimize the environmental effects. By incorporating new production plants, automotive paint additive suppliers are expanding their industry in North America. For example, in East Chattanooga, Nippon Paint, one of the global leaders in the automotive paint market, has incorporated a new 270,000-square-foot factory that will drive market growth, which in turn will boost demand for additives for automotive paints.

Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=17762

Automotive Paint Additives Market Challenges

Effects of solvents in paint additives

Solvents extract or dissolve the binders and reduce the color additives viscosity and thickness. Solvents used in paint additive formulas are dangerous because they are either flammable or explosive and are human carcinogens. When painting cures, most solvents used as a paint additive evaporate, which produces volatile organic compound (VOC) emissions. Volatile organic compound (VOC) emissions are being increasingly controlled, considering the harmful effects on human health and the environment. Environmental challenges associated with conventional fabrics, application processes for paint additives, and coating waste are a motivating force for developing solutions to pollution regulation. For these reasons, the solvent will create a hurdle in the forecast period for the market for automotive paint additives.

Automotive Paint Additives Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Automotive Paint Additives Market. Major players in the Automotive Paint Additives Market are BASF SE, PPG, Akzo Nobel N.V, Eastman Chemical Company, LLC, The Sherwin-Williams, Kansai Paint Co., Ltd, Nippon Paint Holdings Co., Ltd., DuPont, Clariant, Solvay, among others.

Key Takeaways

The growth of the market for automotive paint additives is anticipated to be influenced by factors such as increased automotive demand. Furthermore, an increase in demand for eco-friendly and innovative automotive paints is boosting market growth.

The global demand for automotive paint additives is mainly led by strong infrastructure developments in developing countries such as China, Brazil and India due to the rise in urbanization, industrialization, growing population and the rise in middle-class disposal income.

In automotive, construction, electronics, and white goods, the prevailing pandemic situation has led to weakened demand for paints and coatings. The path to the industry's growth recovery depends heavily on the length of the constraints imposed and their effect on economic development around the world has been adversely affected, hampering the growth of the Automotive Paint Additives Market.

Related Reports :

A. Paint Additives Market
https://www.industryarc.com/Report/11652/paint-additives-market.html

B. Automotive Paints And Coatings Market
https://www.industryarc.com/Research/Automotive-Paints-And-Coatings-Market-Research-503304

For more Chemicals and Materials Market reports @ https://www.industryarc.com/Domain/4/chemicals-materials-market-research.html

Venkat Reddy
Sales Director
Email: venkat@industryarc.com
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Paint Additives Market Size Forecast to Reach $5.1 Billion by 2025 here

News-ID: 2281296 • Views: 237

More Releases from IndustryARC

Neurovascular Stent Market Size Forecast to Reach $4.3 Billion by 2026
Neurovascular Stent Market size is forecast to reach $4.3 billion by 2026, growing at a CAGR of 6.2% during the forecast period 2021-2026. A neurovascular stents is made of metal or polymer and is utilized to treat stenosis formation and ischemic stroke in the blood vessels. It is used for thrombectomy owing to their ability to rapidly restore the blood flow in the embolic stroke. Ischemic stroke, atherosclerosis, and aneurysms
Methadone Market Size Estimated to Reach $105.3 Million by 2026
Methadone Market size is estimated to reach $105.3 million by 2026, growing at a CAGR of 4% over 2021-2026. Methadone is a medication that is used to treat chronic pain and is a synthetic narcotic analgesic which is part of a category called opioids. Methadone have a class of drugs known as opioid analgesics which is indicated for the management of pain in patients. Methadone has some affinity for the
Amino Resin Market Size Forecast to Reach $11.1 Billion by 2026
Amino Resin Market is forecast to reach $11.1 billion by 2026, after growing at a CAGR of 6.9% during 2021-2026. Amino resins (aminoplasts) are thermosetting polymers formed by the condensation of formaldehyde with either urea or melamine. Growing demand for urea-formaldehyde due to its excellent high strength and resistivity property, in construction as well as automobile industries, is likely to accelerate the growth of the amino resin market. Increasing demand
Chiropractic Software Market Forecast to Reach $52.7 Million by 2026
The Global Chiropractic Software Market is forecast to reach $52.7 million by 2026, growing at CAGR 5.5% during the forecast period 2021-2026. Chiropractic Software generally refers to an integrated software solution specifically designed for chiropractors or chiropractic offices in order to streamline as well as automate processes including medical billing software management, appointment scheduling, practice management, patient electronic record management/patient management software with many others. With rise of medical diseases

All 5 Releases


More Releases for Paint

Marine Coatings Market – Challenges Overview 2025 | Kansai Paint, Nippon Paint
Marine Coatings Market: Snapshot Marine coatings are securing coating layers applied on surfaces of cruises, ships, yachts, vessels, and other structures such as bridges and oil rigs that are heavily exposed to the corrosive circumstances and the sea water. Marine coatings are used on the aforementioned surfaces to secure them against fouling, slimes, and corrosion and thus improve the life and durability of the offshore structures and marine vessels. The requirement
Automotive Refinish Paint Market: Akzo Nobel, BASF, 3M, Kansai Paint
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global Automotive Refinish Paint Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. This report studies the Automotive Refinish Paint market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits the Automotive Refinish
India Paint Market Outlook, 2023
‘Asian paints digital innovations to become customer centric.’ – Bonafide Research Asian Paints is creating a great digital vision and helping build technology platforms for customers with new innovations. The company has a strong web presence and thus is a strong platform for consumers looking for painting and decorating their homes. All main websites of Asian Paints, www.asianpaints.com, www.sleekworld.com, www.beautifulhomes.com and the websites of international units have been significantly helping out
Paint Sprayer Market 2018
Paint Sprayer Market report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data. Global Paint Sprayer Market, provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Paint Sprayer Market analysis is provided for the international Industry including development trends, competitive landscape analysis, and key regions
Paint Works Offers ColorSnap Matching
Victoria BC: PaintWorks, a company serving both commercial and residential clients recently announced the latest advance that offers greater convenience for your paint project. The answer to a common problem is the ability to match existing colors, and Paintworks is pleased to offer this ColorSnap Match technology to it’s new and existing clients.Technology has many applications as a quick search online or to your local paint supplier quickly reveals.
Paint Marker Market 2017 - Nissen, Markal, Sharpie, Liquitex, Uni Paint
Apex Research, recently published a detailed market research study focused on the "Paint Marker Market" across the global, regional and country level. The report provides 360° analysis of "Paint Marker Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Paint Marker industry, and estimates the future trend of Paint Marker market on