Automotive Paints Market worth $13.40 billion by 2030, growing at a CAGR of 5.63% - Exclusive Report by 360iResearch

The "Automotive Paints Market by Paint Type (Basecoat, Clearcoat, Electrocoat), Technology (Solvent-Borne, Waterborne), Resin Type, Texture, Content Type, Painting Equipment Type, Sales Channel, Vehicle Type - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Automotive Paints Market to grow from USD 8.64 billion in 2022 to USD 13.40 billion by 2030, at a CAGR of 5.63%.

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Automotive paints are specialized coatings applied to the surface of vehicles to protect them against high wear and tear and increase their aesthetic appeal. These paints are formulated to withstand various environmental stressors, including UV radiation, extreme temperatures, moisture, and wear-and-tear caused by road debris and accidental impacts. Automotive paints consist of several layers, including a primer, basecoat, and topcoat, serving effective vehicle protection and aesthetic function. The automotive paints market encompasses the production, distribution, and sale of coating products used for vehicle protection, decoration, and enhanced performance. Increasing automobile production, growing adoption of automobiles, and shifting consumer preference toward vehicles' aesthetic finish, texture, and glossy appearance are driving the market growth. High cost, peeling issues and health risks associated with automotive paints hamper market growth. Emerging innovation in automotive paint technologies can help companies to capture emerging market opportunities. Moreover, the rising emphasis on sustainable and water-based auto paints has created the potential for developing paints with low environmental impact.

In North America, the automotive paints market is driven by technological innovations and the presence of major automobile manufacturers. The United States has a high demand for eco-friendly and durable coatings due to stringent environmental regulations and consumer preferences. South America is experiencing gradual growth attributable to an increasing vehicle park and the expansion of automotive manufacturing capacities. The European Union's strict guidelines on volatile organic compound (VOC) emissions have pushed the development of waterborne and high-solid paints. The demand for these paints is bolstered by the advanced aesthetic preferences and high-quality standards expected by European consumers. The Asia-Pacific is a growing market for automotive paints propelled by the burgeoning automotive industry in countries such as China, India, Japan, and South Korea. Demand in the Asia-Pacific region is characterized by a significant requirement for cost-effective and efficient paint solutions, along with rising trends for customization and personalization of vehicles. The region has witnessed a higher adoption rate of innovative painting technologies such as UV-cured and powder coatings, primarily due to the increasing environmental awareness and evolving industry standards.

Market Segmentation & Coverage:

This research report categorizes the Automotive Paints Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Paint Type, market is studied across Basecoat, Clearcoat, Electrocoat, and Primer. The Clearcoat commanded largest market share of 48.38% in 2022, followed by Primer.

Based on Technology, market is studied across Solvent-Borne and Waterborne. The Waterborne commanded largest market share of 63.39% in 2022, followed by Solvent-Borne.

Based on Resin Type, market is studied across Acrylic, Epoxy, and Polyurethane. The Acrylic commanded largest market share of 48.71% in 2022, followed by Epoxy.

Based on Texture, market is studied across Matte Finish Paints, Metallic Texture, Pearlescent Paints, Solar Reflective Paints, and Solid Texture. The Solid Texture commanded largest market share of 39.54% in 2022, followed by Matte Finish Paints.

Based on Content Type, market is studied across Pigments & Colorants, Resins & Binders, and Solvent. The Solvent commanded largest market share of 44.53% in 2022, followed by Pigments & Colorants.

Based on Painting Equipment Type, market is studied across Airless Spray Gun and Electrostatic Spray Gun. The Electrostatic Spray Gun commanded largest market share of 81.46% in 2022, followed by Airless Spray Gun.

Based on Sales Channel, market is studied across Aftermarket and OEM. The OEM commanded largest market share of 62.39% in 2022, followed by Aftermarket.

Based on Vehicle Type, market is studied across Heavy Commercial Vehicle, Light Commercial Vehicle, and Passenger Cars. The Passenger Cars commanded largest market share of 68.91% in 2022, followed by Light Commercial Vehicle.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.45% in 2022, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Automotive Paints Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive Paints Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Automotive Paints Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Akzo Nobel N.V., Arkema Group, Asian Paints Limited, Automotive Art, Automotive Solutions, Axalta Coating Systems Ltd., BASF SE, Berger Paints India Limited, Cabot Corporation, Covestro AG, Donglai Coating Technology (Shanghai) Co.,Ltd., Eastman Chemical Company, Esdee Paints Limited, Fabula Coatings India Pvt. Ltd., Girish Chemical Industries, Grand Polycoats, HB Body S.A., Kansai Paint Co.,Ltd., KCC Corporation, Klass Kote by Diversified Solutions LLC, Kwality Paints and Coatings Pvt. Ltd., Nippon Paint Holdings Co., Ltd., PPG Industries, Inc., S.Coat Co., Ltd., Schuller Eh'klar GmbH, Solvay S.A., Tara Paints and Chemicals, and The Sherwin-Williams Company.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive Paints Market, by Paint Type
7. Automotive Paints Market, by Technology
8. Automotive Paints Market, by Resin Type
9. Automotive Paints Market, by Texture
10. Automotive Paints Market, by Content Type
11. Automotive Paints Market, by Painting Equipment Type
12. Automotive Paints Market, by Sales Channel
13. Automotive Paints Market, by Vehicle Type
14. Americas Automotive Paints Market
15. Asia-Pacific Automotive Paints Market
16. Europe, Middle East & Africa Automotive Paints Market
17. Competitive Landscape
18. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Automotive Paints Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Paints Market?
3. What is the competitive strategic window for opportunities in the Automotive Paints Market?
4. What are the technology trends and regulatory frameworks in the Automotive Paints Market?
5. What is the market share of the leading vendors in the Automotive Paints Market?
6. What modes and strategic moves are considered suitable for entering the Automotive Paints Market?

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