Press release
Automotive Paints Market to Hit USD 14.14 Bn at a Growth Rate of 4.5 percent by 2029: Industry Analysis and Forecast
Automotive Paints Market
Automotive Paints Market Report Scope and Research Methodology
The report on Automotive Paints Market provides a thorough analysis at global, regional and national levels. The report estimates the Automotive Paints Market size and growth rate along with existing and future trends in the Automotive paints market. For a better knowledge of market penetration, competitive structure, the pricing and demand analysis are included in the report. Major Industry players are listed by region, along with total market revenue, financial standing, portfolio, new technical developments approved, mergers and acquisitions, joint ventures and strategic alliances for the competitive analysis of the Automotive Paints market.
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Coating Type, Resin Type, Technology, and Content-Type are the segments used to analyze the Automotive paints market in order to understand the factors affecting the growth of the market. Primary and secondary data collection techniques are used in the report. Primary data collection techniques include questionnaires, surveys and telephonic interviews with market leaders and business owners. Secondary data taken from official databases of government websites, annual reports, white papers and press releases.
The report used research tools like SWOT, PORTER and PESTLE analysis to understand the potential impact of micro-economic factors of the market. SWOT analysis was conducted to identify the internal and external opportunities and threats of the market while PESTLE was employed to understand the business direction and growth rates of the Automotive Paints Market.
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Automotive Paints Market Dynamics
The Automotive Paints Market is driven by increasing the production of vehicles, growing demand in the automobile industry and increasing government initiatives regarding the development of infrastructure the technology. The market is expected to be driven by increasing demand for environmentally friendly automobile paints. The market growth is driven by factors such as growing urbanization, increasing income growth and shifting consumer preference for automobile vehicles. The water-borne paints and primers provide a significantly low amount of VOC emission, therefore, it is expected to create a lucrative opportunities for the growth of the Automotive Paints Market.
Automotive Paints Market Regional Insights
The Asia Pacific region is expected to be the largest market share for the Automotive paints markets, during the forecast period. The regional market growth is expected to be driven by increased production of vehicles and a rising economy. The major markets expected to be Asia and Oceania for electric and hybrid automobiles, over the forecast period. Around the world, the growing demand for hybrid vehicles has resulted in the hybrid vehicle market being expected to be a greater contribution to the automotive paints market.
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Automotive Paints Market Segmentation
By Coating Type:
Primer
Base coat
Clear coat
Electrocoate
By Resin Type:
Polyurethane
Other Resins
Epoxy
Acrylic
By Technology:
Solvent borne
Waterborne
Powder Coating
By Content Type:
Solvent-Borne Clearcoat
Waterborne Basecoat
Waterborne Clearcoat
(Water, Petroleum-based solvents, Resins and Binders, Silicone Polymers, Pigments and Colorants, and Other additives)
E-coat
Automotive Paints Market Key Players include:
Akzo Nobel NV (Netherlands)
Axalta Coating Systems Ltd. (USA)
BASF SE (Germany)
Clariant AG (Germany)
Solvay (Belgium)
DOW Chemical (USA)
3M (USA)
KCC (South Korea)
The Valspar Corporation (USA)
Nippon Paint Holdings Co Ltd. (Japan)
The Sherwin Williams Company (USA)
PPG (USA)
DuPont Coatings & Color Technologies Group (USA)
Kansai Paint Co Ltd. (Japan)
Valspar (USA)
Berger Paints India Limited (India)
Bayer AG (Germany)
Guangdong Yin Fan Chemistry Co. Ltd. (China)
Cabot Corp. (USA)
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Table of Content for Automotive Paints Market:
Global Automotive Paints Market: Research Methodology
Global Automotive Paints Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Automotive Paints Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Automotive Paints Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Automotive Paints Market Segmentation
Global Automotive Paints Market, by Coating Type (2021-2029)
Global Automotive Paints Market, by Resin Type (2021-2029)
Global Automotive Paints Market, by Technology (2021-2029)
Global Automotive Paints Market, by Content Type (2021-2029)
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Regional Automotive Paints Market(2021-2029)
Regional Automotive Paints Market, by Coating Type (2021-2029)
Regional Automotive Paints Market, by Resin Type (2021-2029)
Regional Automotive Paints Market, by Technology (2021-2029)
Global Automotive Paints Market, by Content Type (2021-2029
Regional Automotive Paints Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Market Share, Size & Forecast by Revenue | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends
Market Segmentation - A detailed analysis by Coating Type, Resin Type, Technology, Content Type and Region
Competitive Landscape - Top Key Vendors and Other Prominent Vendors
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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