Shillong Herald

What is the Future Scope of Automotive Paints Market amidst COVID-19?

 Breaking News
  • No posts were found

What is the Future Scope of Automotive Paints Market amidst COVID-19?

April 15
03:05 2020
What is the Future Scope of Automotive Paints Market amidst COVID-19?

Automotive Paints Market
The growing vehicle production (especially, passenger cars), stringent VOC emission regulations for paint manufacturing and changing customer preferences for paint textures are projected to drive the automotive paints industry and advancements in the paint technology.

The ongoing COVID-19 pandemic—and the worldwide reaction to it—has compelled companies to radically rethink their strategies and the way they operate. We salute the industry experts helping companies survive and sustain in this pandemic.

At MarketsandMarkets™, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Automotive Paints Market. We are working diligently to help companies take rapid decisions by studying:

  • The impact of COVID-19 on the Automotive Paints Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market
  • The rapid shifts in the strategies of the Top 50 companies in the Automotive Paints Market
  • The shifting short-term priorities of the top 50 companies’ clients and their client’s clients

You can request an in-depth analysis detailing the impact of COVID-19 on the Automotive Paints Market:

According to the recent report  “Automotive Paints Market by Type (E-coat, Primer, Basecoat, Clearcoat), Resin (PU, Epoxy, Acrylic), Technology (Solvent, Water, Powder), Paint Equipment (Airless, Electrostatic), Texture, Content, ICE & EVs, Refinish, and Region – Global Forecast to 2025” published by MarketsandMarkets™, The Global Automotive Paints Market is estimated to be USD 8.46 Billion in 2017 and is projected to reach USD 10.65 Billion by 2025, at a CAGR of 2.88%, during the forecast period.

The automotive paints industry has evolved along with the automotive industry. The demand for automotive paints and advancements in the paint technology is largely influenced by factors such as the demand trends in the automotive industry, environmental regulations, health & safety norms, buyers’ preferences, lifestyle, and growing economy.

Browse in-depth TOC on“Automotive Paints Market”

232 – Tables
67 – Figures
205 – Pages

Major manufacturers in the global automotive paints market include PPG (US), Axalta (US), AkzoNobel (Netherlands), BASF (Germany), Sherwin Williams (US), Valspar (US), Solvay (Belgium), DOW Chemical (US), 3M (US), and KCC (South Korea).

Download PDF Brochure:

Water-borne coating projected to hold the largest share throughout the forecast period

The stringent emission norms and regulations related to automotive paints have shifted the focus from solvent-borne paints to environment-friendly technologies like waterborne. OEMs based in developed economies of North America and Europe largely prefer waterborne coating over solvent-borne coating owing to the high content of hazardous air pollutants (HAPs) and volatile organic compounds (VOC). Additionally, the penetration of waterborne technology in developing economies, including, but not limited to China, India, Russia, and Brazil is anticipated to escalate in the near future due to the implementation of stringent emission norms.

Solar reflective and pearl scent texture likely to witness the fastest growth till 2025

Solar reflective and pearl scent paints have a higher penetration for the premium car segment in North America and Europe. Additionally, owing to improving the economy of Asia Oceania, the premium passenger car segment is likely to grow in the near future, thereby fueling the demand for solar reflective and pearl scent texture paints. However, solid texture paints are widely used for automotive vehicles. With the decline in prices of metallic paints, their demand has increased in the global market. Currently, these paints are widely used for the passenger car segment.

Request Sample Pages:

Asia Oceania spearheaded by China and India to dominate the global automotive paints market

Asia Oceania comprises emerging economies such as China and India, along with developed nations such as Japan and South Korea. The automotive industry in Asia Oceania has been dynamic over the past few years and seen an increase in the annual production and sales of vehicles. The increasing domestic demand in the region has propelled the growth of the automotive paints market, which is also driven by lenient paint emission norms as compared to other regions. Countries such as Japan and South Korea are an exception and have stringent paint emission norms and regulations. China is the largest vehicle manufacturer in Asia Oceania and has witnessed substantial growth in vehicle production. With an increase in disposable income, China has emerged as a key market for premium vehicles, which, in turn, would boost the demand for innovative and advanced automotive paints.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Sanjay Gupta

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Sanjay Gupta
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States

Related Articles