Automotive Paints Market with Covid-19 Pandemic Analysis, Growth Rate, New Trend Analysis Forecast To 2030

Automotive paint is referred to as a water-based formula, which is sprayed on automobiles surface with the assistance of a spray gun. These paints are consists of polyurethane-based enamel, which protects the surface of automobile from environmental damages, thus enhancing the aesthetics of the motor vehicles.

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Key Market Players

BASF SE
PPG
Akzo Nobel N.V
Axalta Coating Systems, LLC
The Sherwin-Williams
Kansai Paint Co., Ltd
Nippon Paint Holdings Co., Ltd
DuPont
Clariant
Solvay

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Key Market Segments

BY COATING
Primer
Base coat
Clear coat
Electrocoat

BY TEXTURE TYPE
Solid
Metallic
Pearlescent
Others

BY TECHNOLOGY
WATERBORNE COATINGS
SOLVENT BORNE COATINGS
POWDER COATINGS

BY VEHICLE TYPE
PASSENGER CARS
LIGHT COMMERCIAL VEHICLE
HEAVY COMMERCIAL VEHICLE

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Increase in production of automotive paints can cause pollution, owing to emission of VOCs. Majority of VOCs are emitted from spraying operation through the use of solvent-based paints, as air in spray booth is mixed with gaseous solvent compounds. In addition, prices of materials needed for the manufacturing of automotive paints are rising considerably, which in turn is restraining the growth of the automotive paints market. Thus, production of cost-effective & eco-friendly automotive paints is anticipated to provide lucrative growth opportunity for the players operating in the market.

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Key Benefits for Automotive Paints Market:

This study presents the analytical depiction of the global automotive paints market analysis along with the current trends and future estimations.

The overall opportunity is determined by understanding the profitable trends to gain a stronger foothold.

The report presents information related to the key drivers, restraints, and opportunities of the global market with a detailed impact analysis.

The current market is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.

Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.

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