Press release
Painting the Future : Automotive Paint Additives Market Poised to Reach $5.63 Billion by 2026
Automotive Paint Additives Market
๐ฐ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A05992
Factor such as increase in automobile production is anticipated to propel the growth of automotive paints additives market. In addition, surge in demand for eco-friendly and innovative automotive paints is boosting the growth of market. However, rise in prices of raw materials hinders the growth of market. On the contrary, production of eco-friendly and cost-effective automotive paints is anticipated to offer remunerative growth opportunity for the players operating in the global automotive paint additives market.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ, ๐ซ๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ, ๐๐ง๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ-
๐๐ง๐๐ซ๐๐๐ฌ๐ ๐ข๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐๐ข๐ฅ๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง, rise in demand for eco-friendly products, and innovative automotive paints additives have augmented the growth of the global automotive paint additives market. Whereas, increase in prices of raw materials restrains the market growth. On the other hand, production of eco-friendly and cost-effective automotive paints additives are expected to provide lucrative opportunities in the near future.
๐๐ก๐ ๐๐ข๐ฌ๐ก๐๐ฒ๐ ๐๐ฅ๐ข๐ฆ๐ข๐ง๐๐ญ๐จ๐ซ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐จ๐ง'๐ฌ ๐ฌ๐ก๐๐ซ๐ ๐๐ฒ ๐๐๐๐-
๐๐๐ฌ๐๐ ๐จ๐ง ๐ญ๐ฒ๐ฉ๐, the fisheye eliminator segment dominated the market in 2018, accounted for nearly two-fifths of the total market share. Fisheye eliminator is used to prevent fisheye which is a small crater/hole on the surface that is surrounded by ring of paint and increase the gloss, which drives the growth of the market. On the other hand, the flow enhancers segment is anticipated to portray the fastest CAGR of 8.7% from 2019 to 2026. Flow enhancers is added to acrylic color to improve its flow, reduce viscosity, and are ideal for achieving smooth coverage, especially for covering large area of surface, which drives the growth of the market.
๐ฐ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/automotive-paint-additives-market/purchase-options
๐๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐๐จ๐ซ๐๐ญ๐ข๐ฏ๐ ๐ฉ๐๐ข๐ง๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง ๐๐๐๐-
๐๐๐ฌ๐๐ ๐จ๐ง ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง, the automotive decorative paint segment dominated the global market in 2018, accounting for more than one-third of the market. As they are used for improving the aesthetics of the automobile, which drives the growth of the segment. On the other hand, the automotive fire-retardant paint segment is anticipated to register the highest CAGR of 7.5% during the forecast period. Fire-retardant paint are used for coating the surface of vehicle to avoid spread of fire in case of fire in the surrounding, and is one of the efficient measures to prevent fire spreading rapidly, which drives the growth of the segment.
๐๐จ๐ซ๐ญ๐ก-๐๐ฆ๐๐ซ๐ข๐๐ ๐๐จ๐ง๐ญ๐ซ๐ข๐๐ฎ๐ญ๐๐ ๐๐จ๐ซ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ก๐๐ซ๐ ๐ข๐ง ๐๐๐๐-
Region-wise, the market across North America held the largest share in 2018, accounting for more than one-third of the market. Expansion of business by incorporating new manufacturing plants by leading automotive paint additives companies and initiatives taken by automobile companies to improve the quality of automotive paints additives so as to reduce the environmental impact, which drives the growth of the market in this region. On the other hand, the Asia-Pacific region is expected to manifest the fastest CAGR of 8.4% in between 2019 to 2026. Numerous paint additives have been introduced by players operating in the region due to the increased automobile production and rise in demand for long-lasting paints for vehicles, which augments the growth of the market.
๐ฐ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A05992
๐๐๐ฃ๐จ๐ซ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ
PPG
Akzo Nobel N.V
BASF SE
Eastman Chemical Company, LLC
Kansai Paint Co., Ltd
Nippon Paint Holdings Co., Ltd.
DuPont
Clariant
Solvay
The Sherwin-Williams
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ข๐ง๐ญ๐ฌ, ๐๐๐๐ข๐ญ๐ข๐ฏ๐๐ฌ, ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ:
https://www.alliedmarketresearch.com/paints-and-coatings-market - Global Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/waterborne-coatings-market - Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/powder-coatings-market - Global Opportunity Analysis and Industry Forecast, 2023-2032
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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