Market Overview

Opportunity Outlook on the Automotive Paints Market to 2025: A $10.65 Billion Opportunity - ResearchAndMarkets.com

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The "Automotive
Paints Market by Type, Resin, Technology, Paint Equipment, Texture,
Content, ICE & EVs, Refinish, and Region - Global Forecast to 2025"

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The automotive paints market is estimated to be USD 8.74 Billion in 2018
and is projected to reach USD 10.65 Billion by 2025, at a CAGR of 2.88%,
from 2018 to 2025.

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. Advancements
in automotive safety technologies reduce accidents, thus restricting the
refinish market. This would significantly diminish the automotive
refinish paint market.

Nowadays, along with engine specifications, quality, and durability,
color & texture of the vehicle is also one of the most important factors
influencing the buying-decision. Basecoat is expected to grow over the
forecast period because it is the only paint type that consists colors.
Even though the thickness of the basecoat is minimal, this coat has
maximum contribution in terms of value, because it consists of the
actual visual properties of color and effects.

Waterborne technology is expected to be the largest segment of the
automotive paints market, by technology. Earlier, solvent-borne paints
were preferred owing to their lesser price and quick drying properties.
However, with the growing stringency of emission regulations monitoring
paint production, industry stakeholders are preferring eco-friendly
paint technologies such as waterborne technology.

The polyurethane automotive coating is expected to be the largest
segment of the automotive paints market, by resin type. This is because
polyurethane has increasing use in topcoats (clearcoat and basecoat) to
increase the durability of coats, improve appearance, and protect
vehicles from scratches.

The automotive refinish paints market is segmented on the basis of resin
type. Polyurethane is the dominant resin type in this market, mainly due
to its extensive usage in clearcoat and basecoat. Polyurethane resin
accounted for the largest share in the overall automotive refinish
coating market. It is preferred in clearcoat and basecoat layers due to
its excellent weather-, corrosion-, and mechanical resistance.

The study segments automotive paints market by painting equipment as
well. The airless spray gun is the widely used painting technique across
the globe due to its better spraying efficiency as compared to air spray
guns. Due to its low installation cost, it has the largest market across
the globe. The study also segmented the market by content types such as
pigments, water, resins and solvents.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

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

11 Automotive Paints Market, By Painting Equipment Type

12 Automotive Paints Market, By Vehicle Type

13 Electric & Hybrid Vehicle Paints Market, By Region

14 Automotive Refinish Paints Market, By Resin Type

15 Automotive Paints Market, By Region

16 Competitive Landscape

17 Company Profiles

  • 3M
  • Akzonobel
  • Axalta
  • BASF
  • Covestro
  • DOW Chemical
  • Kansai
  • KCC
  • Nippon Paint
  • PPG
  • Sherwin Williams
  • Solvay
  • Valspar

For more information about this report visit https://www.researchandmarkets.com/research/nv8w4w/opportunity?w=4

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