Asia Pacific Automotive Paints Market Research Study, Status, Future And 2022-2028

Precision Business Insights published a research report on “Asia Pacific 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 2028”. The Asia Pacific automotive paints market projected to be valued at US$ XX Mn in the year 2022 and poised to value at considerable CAGR rate over 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 “Asia Pacific 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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Innovative paint technologies boosts the Asia Pacific Automotive Paints Market
The Asia Pacific automotive paints market is projected to record surge in demand over the prediction time span due to the factors such as growing environmental consciousness and strict government regulations. The market is rising in terms of reliability, color options, durability and reliability. Ambient appearance and protective coat are the features of automotive paints, which are anticipated to drive the growth of market in upcoming years. Different rules about non-VOC paints have triggered the demand of the automotive paints market leading to the waterborne coats launching, which is anticipated to replace the solvent-borne coats. Due to the numerous government rules, advanced coating solutions are manufactured and delivered by the automotive paint industries to the vehicle manufacturers. Such innovations decrease the overall cost and time needed for every vehicle unit through controlled paint shop emissions, which is anticipated to fuel demand for basecoats in the automotive paints market.

A few of the leading factors enhancing the growth of the market such as changing purchaser preferences, growing demand for vehicles, innovative paint technologies, strict emission regulations and environmental concerns and high growth in emerging countries . Furthermore, the growth in the region is primarily attributed to growing demand for automobiles, buying power of customers and growing per capita income. India and China were the leading regions contribute towards obtaining major revenue in the region.

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India Witnesses larger revenue share in the Asia Pacific Automotive Paints Market
India witnessed major revenue share in the Asia Pacific Automotive Paints market witnessing significant CAGR rate. India was the biggest revenue contributor in the region. Asia Pacific automotive paints market has been experiencing fast growth due to growing vehicle production in India along with the aging of vehicles. A few of the leading automotive OEMs in India like General Motors, Bajaj Auto, Mahindra and Mahindra, Maruti Suzuki and Hero Moto Corporation amid other are anticipated expand their production capacities and setting up novel vehicle manufacturing facilities in India in upcoming future. This consequently anticipated driving the automotive paint market in this region.

Competitive Analysis - Asia Pacific Automotive Paints Market
There are a few major players working in the Asia Pacific Automotive Paints market, which include 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) and Akzonobel NV (Netherlands).

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