Automotive Paints Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2028

The global automotive paints market is anticipated to grow at a considerable CAGR of 4.2% during the forecast period (2022-2028). The production of cost-effective and eco-friendly automotive paints in the market by players is expected to provide lucrative growth in the market over the forecast. Eco-friendly paints enable players to make a positive impact on the environment. Moreover, eco-friendly paints are long-lasting, and Facilities maintenance reduces costs while using eco-friendly paints. For instance, in January 2021, India's first 'eco-friendly' cow dung paint was launched. Khadi Prakritik Paint will be available in two forms - distemper and plastic emulsion. The 'Khadi Prakritik Paint' product is eco-friendly and non-toxic, with anti-fungal and anti-bacterial properties. With actual cow dung as its main ingredient, the paint is cost-effective and odorless. It has also been certified by the Bureau of Indian Standards.

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For instance, in August 2021, Dulux from AkzoNobel launched India's first USDA certified Bio-based Paint 'Dulux Better Living Air Clean Biobased'. Dulux Better Living Air Clean Biobased has 26% bio-based content (derived from sustainable plant-based sources). Additionally, is the goodness of natural ingredients such as active bamboo charcoal and tea tree oil, that make it a smart and sustainable paint solution. Further, continuing to endear the super-premium Dulux brand to its customers are its Anti-Bacterial, no added Lead & Mercury, Anti-Fungal and Low Odour & Low VOC attributes.

Market Coverage

• The market number available for - 2021-2028

• Base year- 2021

• Forecast period- 2022-2028

Segment Covered-

· By Vehicle

· By Paint Type

· By Technology

· By Texture

· By Painting Equipment

• Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- including 3M, Axalta Coatings Systems, BASF SE, Berger Paints, Clariant AG, Covestro AG, DuPont de Numerous, Inc., Fabula Coatings India Pvt. Ltd., Nippon Paint Holdings Co. Ltd., and others.

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Global Automotive Paints Market Report Segment

By Vehicle

• Light Commercial Vehicle

• Heavy Commercial Vehicle

• Passenger Cars

By Paint Type

• Primer

• Basecoat

• Clearcoat

• Electrocoat

By Technology

• Water Borne

• Solvent Borne

• Powder

By Texture

• Solid

• Metallic

• Matte

By Painting Equipment

• Airless Spray Gun

• Electrostatic Spray Gun

Global Automotive Paints Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

• Akzo Nobel

• Covestro AG

• DuPont de Nemours, Inc.

• Fabula Coatings India Pvt. Ltd.

• Jotun A/S

• Kansai Paint Co., Ltd.

• Kwality Paints and Coatings Pvt. Ltd.

• Nippon Paint Holdings Co. Ltd.

• PPG Industries, Inc.

• Sheenlac Paints Ltd.

• The Sherwin-Williams Co.

• The Solvay Group

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