Automotive Paints Market Size, Share, Growth And Key Drivers Analysis Research Report By 2027

Precision Business Insights published a research report on “Global Automotive Paints Market: By Technology (Waterborne, Solvent-Borne and Powder Coating), By Resin Type (Epoxy, Acrylic, Polyurethane and Other Resins), By Texture (Solid Texture, Metallic Texture, Matte Finish Paints, Pearlescent Paints and Solar Reflective Paints), By Paint Type (Primer, Basecoat, Electrocoat and Clearcoat), By Vehicle Type (Passenger Car, Commercial Vehicle OEM, Light Vehicle OEM and Others) and Geography- Global/Region/Country Forecast to 2027", The global automotive paints market projected to be valued at US$ Mn in the year 2021 and poised to grow at considerable CAGR rate over the period 2022-2028.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and --other qualitative sections with an in-depth TOC on “Global Automotive Paints Market: By Technology (Waterborne, Solvent-Borne and Powder Coating), By Resin Type (Epoxy, Acrylic, Polyurethane and Other Resins), By Texture (Solid Texture, Metallic Texture, Matte Finish Paints, Pearlescent Paints and Solar Reflective Paints), By Paint Type (Primer, Basecoat, Electrocoat and Clearcoat), By Vehicle Type (Passenger Car, Commercial Vehicle OEM, Light Vehicle OEM and Others) and Geography- Global/Region/Country Forecast to 2027”.

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High Growth in rising countries is Accelerating the Global Automotive Paints Market
The global automotive paints market is anticipated to record huge demand over the evaluation period due to the significant factors such as growing environmental consciousness and strict government rules. The automotive paints market is rising in terms of reliability, color options and durability. Automotive paints work as a preventive coat and provide ambient appearance, which is anticipated to speed up the growth of market over the upcoming years. Different rules about non-VOC paints have triggered the demand for automotive paints market is leading to the introduction of waterborne coats, which are anticipated to replace the solvent-borne coats. Automotive paint companies manufacture and deliver advanced coating solutions to the vehicle manufacturers due to the great government rules. Such innovations decrease the general pricing and timing needed for every vehicle unit through controlled paint shop emissions, which is anticipated to increase the demand for basecoats in the automotive paints market. A few of the major factors enhancing the growth of market are changing purchaser preferences, high growth in rising countries, strict emission rules and environmental worries and growing demand for vehicles globally.

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Asia Pacific Witnesses larger Revenue share in the Global Automotive Paints Market
Asia Pacific witnessed larger revenue share in the global automotive paints market with significant CAGR rate. This region is projected to be the leading regions for market growth due to the biggest sales and production of automobiles in the region. This region witnesses growth majorly because of the increasing consumer power, growing demand for automobiles and rising per capita income. China and India greatly contribute towards the region growth. Global automotive paints market is growing at considerable rate over the past few years due to the growing production of vehicle in countries such as Japan, China and India with the aging of vehicles.

Competitive Analysis - Global Automotive Paints Market
There are a few many key profiles working in the global automotive paints market such as 3M, Valspar (U.S), Solvay S.A (Belgium), Royal DSM NV (Netherlands), PPG Industries (U.S), Nippon (Japan), DuPont (U.S), Clariant Ag (Switzerland), Beckers (U.S), BASF SE (Germany), Axalta Coatings Systems (Germany) and Akzonobel NV (Netherlands). Frequent product launches and acquisitions by the key players also lead global automotive paints market to surge in the marketplace. Key players also aim at product portfolio increase and business expansion. These players also follow mergers and collaboration to survive in the competitive market.

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