Automotive Paints & Coatings Market: Global Analysis, Regional Growth & Industry Outlook To 2026
Category: #business  By Ronak Bora  Date: 2021-08-05
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Automotive Paints & Coatings Market: Global Analysis, Regional Growth & Industry Outlook To 2026

Europe is expected to evolve as one of the most significant regional grounds for automotive paints & coatings market in the coming years mainly due to stringent regulations regarding vehicle paints. The minimal usage of VOC based paints and innovations in waterborne paints & coatings will considerably impact the development and adoption of auto paint & coating products.

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Global automotive paints & coatings market will rise exponentially from 2019 to 2025 augmented by rising number of refurbishment and repair activities due to continuously increasing accident cases and crashes, along with the customer’s desire to restore the vehicle to the original working condition and aesthetics. Increasing disposable income has propelled demand for automobiles worldwide, offering lucrative growth opportunities to automotive paints & coatings industry size. Paints facilitate protection to the vehicle base from corrosion along with enhanced finishing, supplementing the global product demand.

Passenger vehicles segment is showcasing widespread traction in the global automotive paints & coatings market share owing to the availability of several vehicle model options at different price ranges. The presence of simplified vehicle financing options coupled with discounts provided by the manufactures during festive season will boost the sale of cars over time. Innovations in passenger vehicles such as the introduction of environment-friendly green cars and the launch of driverless vehicles will positively influence the market demand.

Several key players are venturing into the market such as BNB coatings, a subsidiary of Berger Paints, which entered the car painting industry in the year 2016. Automotive paints & coatings are available in various forms such as basecoat, primer, clear coat and electrocoat. Automotive paints & coatings market size is likely to garner substantial revenues from clearcoats in the coming years owing to benefits offered by the product in protecting primer and base coats from severe environmental conditions.

In terms of technology, water-borne paints represent increasing significance for global automotive paints & coatings market outlook. Reduced toxic material content and strict rules regarding reducing VOC emissions from paintings are the pivotal factors influencing the demand for the products. Additionally, the need to comply with stringent emission laws and indoor air quality standards along with high corrosion resistance and enhanced durability will support the product demand between 2019-2025.

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Some Point from Table of Contents:

Data Tables

TABLE 1     Automotive paints & coatings market industry 360° synopsis, 2016 – 2026

TABLE 2    Automotive paints & coatings industry estimates and forecast, 2016 – 2026, (Million Liters) (USD Million)

TABLE 3    Automotive paints & coatings industry estimates and forecast by vehicle, 2016 – 2026 (Million Liters)

TABLE 4    Automotive paints & coatings industry estimates and forecast by vehicle, 2016 – 2026 (USD Million)

TABLE 5    Automotive paints & coatings market volume estimates and forecast by coating type, 2016 – 2026 (Million Liters)

TABLE 6    Automotive paints & coatings industry revenue estimates and forecast by coating type, 2016 – 2026 (USD Million)

TABLE 7    Automotive paints & coatings industry volume estimates and forecast by technology, 2016 – 2026 (Million Liters)

TABLE 8    Automotive paints & coatings industry revenue estimates and forecast by technology, 2016 – 2026 (USD Million)

TABLE 9    Automotive paints & coatings industry volume estimates and forecast by texture, 2016 – 2026 (Million Liters)

TABLE 10    Automotive paints & coatings industry revenue estimates and forecast by texture, 2016 – 2026 (USD Million)

TABLE 11    Automotive paints & coatings market volume estimates and forecast by distribution channel, 2016 – 2026 (Million Liters)

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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