Press release
Automotive Paints Market is Projected to Reach USD 29.81 billion by 2030: Cognitive Market Research
Automotive Paints Market is Projected to Reach USD 29.81 billion by 2030: Cognitive Market Research
Automotive paint is denoted as a water-based formula, which is scattered on automobile surfaces with the help of a spray gun. These paints comprise polyurethane-based enamel, which keeps the surface safe from environmental damage, thus attracting the aesthetics of motor vehicles.
Summary:
As per the study of CMR, the Global Automotive Paints Market reached USD 20.62 billion in 2022 and will reach USD 29.81 billion by 2030, growing at a CAGR of 4.2% from 2023 to 2030.
To know more about The Automotive Paints Market statistics click here: https://www.cognitivemarketresearch.com/automotive-paints-market-report
Automotive Paints Market Dynamics:
The rising automobile production and increase in demand for eco-friendly automotive paints are the major factors that drive the demand for the global automotive paints market. In addition, rising awareness concerning the harmful effect of volatile organic compound (VOC) emissions is forecasted to dominate the growth of the global market. Furthermore, technological advancement in automotive paints will provide an opportunity for the global automotive paints market.
However, the increase in the prices of raw materials to manufacture automotive paints may impede the growth of the market. Furthermore, an increase in focus to produce cost-effective automotive paints is forecasted to offer growth opportunities for the global automotive paints market.
Automotive Paints Market Scope:
Vehicle Type:
• Light commercial vehicle
• Heavy commercial vehicle
• Passenger cars
By vehicle type, the passenger cars segment dominates the global automotive paints market. This is attributed to the rising disposable income surging the demand for new vehicles coupled with the rise in technological developments, such as the integration of all-EV charging station systems.
Technology:
• Solvent Borne Coatings
• Powder Coatings
• Waterborne Coatings
By technology, the waterborne coatings segment gained the largest revenue market share, in 2022. This is attributed to environmental benefits offered by waterborne coatings due to their low Volatile organic compound (VOC) percentage.
Coating:
• Primer
• Base coat
• Clearcoat
• Electrocoat
By coating, the clear coat segment has the largest revenue share for the growth of the global automotive paints market. Increasing demand for clearcoat due to its extraordinary hardness and resistance to different mechanical and chemical agents.
Texture Type:
• Pearlescent
• Solid
• Metallic
• Others
Competitive Analysis for Automotive Paints Market: 3M, BASF, Akzonobel, Dupont, PPG Industries, Royal DSM, Arkema Group, Solvay, Valspar, Clariant AG, Nippon Paint Holdings, Berger Paints, Lesonal, Kansai Nerolac Paints, Beckers Group, Axalta Coatings, Xiangjiang Paint, Twin Tigers Coatings
Get free sample pages of the latest published Automotive Paints Market Report: https://www.cognitivemarketresearch.com/automotive-paints-market-report#request_sample
Regional Analysis
Asia Pacific has the highest revenue share in the global automotive paints market
In 2022, the Asia Pacific held the largest revenue share in the global automotive paints market. This is attributed to the vast production and increasing sales of automobiles in this region. Furthermore, Europe is anticipated to witness significant growth during the forecast period. This growth is attributed to rising vehicle production in countries such as Italy, Sweden, Germany, and U.K. In addition, the growing population along with rising income levels has shifted towards adopting luxurious vehicles which have resulted in fueling the demand for automotive paints to some extent.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Automotive Paints Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Automotive Paints Market Segmentation
1.5.1 Automotive Paints Market Regional Fragmentation
1.5.1 Automotive Paints Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Automotive Paints Market
• 3.1 Global Automotive Paints Market Size 2018 - 2030, (USD Million)
• 3.2 Global Automotive Paints Value, Absolute & Opportunity Analysis
• 3.3 Global Automotive Paints Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Automotive Paints Market Statistics 2022: Snapshot
Chapter 4 Global Automotive Paints Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Automotive Paints Market by Vehicle Type Segmentation Analysis (2018-2030)
Chapter 10 Global Automotive Paints Market by Technology Segmentation Analysis (2018-2030)
Chapter 11 Global Automotive Paints Market by Coating Segmentation Analysis (2018-2030)
Chapter 12 Global Automotive Paints Market by Texture Type Segmentation Analysis (2018-2030)
Chapter 13 Global Automotive Paints Market Regional Analysis
Chapter 14 North America Automotive Paints Market Outlook (2018 - 2030)
Chapter 15 Europe Automotive Paints Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Automotive Paints Market Outlook (2018 - 2030)
Chapter 17 Latin America Automotive Paints Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Automotive Paints Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Automotive Paints Market TOC click here: https://www.cognitivemarketresearch.com/automotive-paints-market-report#table_of_contents
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• Automotive PCB Market- https://www.cognitivemarketresearch.com/automotive-pcb-market-report
• Waterborne Coatings Market- https://www.cognitivemarketresearch.com/waterborne-coatings-market-report
• Solvent-borne Coating Market- https://www.cognitivemarketresearch.com/solvent-borne-coating-market-report
Blog:
• What is Consumer Preference and Why it is Important ? : Cognitive Market Research- https://www.cognitivemarketresearch.com/blog/what-is-consumer-preference-and-why-it-is-important--
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• Adoption of Advance Technologies Propels the Growth of Pram and Baby Stroller Market- https://www.cognitivemarketresearch.com/articles/adoption-of-advance-technologies-propels-the-growth-of-pram-and-baby-stroller-market-
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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