Automotive Paints Market Update Report 2024| Industry Trends, Demand, Leading Companies and Segmentation till 2031/ 3M, Axalta Coatings Systems, BASF SE, Berger Paints, Clariant AG

Automotive paints market is anticipated to grow at a considerable CAGR of 4.2% during the forecast period. The production of cost-effective and eco-friendly automotive paints in the market by players is expected to provide lucrative growth in the market over the forecast. Eco-friendly paints enable players to make a positive impact on the environment. Moreover, eco-friendly paints are long-lasting, and Facilities maintenance reduces costs while using eco-friendly paints. For instance, in January 2021, India's first 'eco-friendly' cow dung paint was launched. Khadi Prakritik Paint will be available in two forms - distemper and plastic emulsion. The 'Khadi Prakritik Paint' product is eco-friendly and non-toxic, with anti-fungal and anti-bacterial properties. With actual cow dung as its main ingredient, the paint is cost-effective and odorless. It has also been certified by the Bureau of Indian Standards.

For instance, in August 2021, Dulux from AkzoNobel launched India's first USDA certified Bio-based Paint 'Dulux Better Living Air Clean Biobased'. Dulux Better Living Air Clean Biobased has 26% bio-based content (derived from sustainable plant-based sources). Additionally, is the goodness of natural ingredients such as active bamboo charcoal and tea tree oil, that make it a smart and sustainable paint solution. Further, continuing to endear the super-premium Dulux brand to its customers are its Anti-Bacterial, no added Lead & Mercury, Anti-Fungal and Low Odour & Low VOC attributes.

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Market Coverage

• The market number available for - 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

Segment Covered-

· By Vehicle

· By Paint Type

· By Technology

· By Texture

· By Painting Equipment

• Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- including 3M, Axalta Coatings Systems, BASF SE, Berger Paints, Clariant AG, Covestro AG, DuPont de Numerous, Inc., Fabula Coatings India Pvt. Ltd., Nippon Paint Holdings Co. Ltd., and others.

Automotive Paints Market Report Segment

By Vehicle

• Light Commercial Vehicle

• Heavy Commercial Vehicle

• Passenger Cars

By Paint Type

• Primer

• Basecoat

• Clearcoat

• Electrocoat

By Technology

• Water Borne

• Solvent Borne

• Powder

By Texture

• Solid

• Metallic

• Matte

By Painting Equipment

• Airless Spray Gun

• Electrostatic Spray Gun

A full Report of Automotive Paints Market is Available @ https://www.omrglobal.com/industry-reports/automotive-paints-market

Automotive Paints Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

• Akzo Nobel

• Covestro AG

• Cresta India Pvt. Ltd.

• DuPont de Nemours, Inc.

• Fabula Coatings India Pvt. Ltd.

• Jotun A/S

• Kansai Paint Co., Ltd.

• Kwality Paints and Coatings Pvt. Ltd.

• Nippon Paint Holdings Co. Ltd.

• PPG Industries, Inc.

• Sheenlac Paints Ltd.

• The Sherwin-Williams Co.

• The Solvay Group

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