Automotive Paints Market is Projected to Reach $12.34 billion by 2026

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Automotive Paints Market
Automotive paint is referred to as a water-based
formula, which is sprayed on automobiles surface
with the assistance of a spray gun. These paints
are consists of polyurethane-based enamel, which
protects the surface of automobile from
environmental damages, thus enhancing the
aesthetics of the motor vehicles.
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Automotive Paints Market
The global automotive paints market size was
valued at 8.78 billion in 2018, and is projected
to reach 12.34 billion by 2026, registering a
CAGR of 4.2 from 2019 to 2026. Asia-Pacific
accounted for the highest share in 2018, and is
anticipated to maintain its dominance in the
throughout the forecast period. Developing
nations have witnessed rise in demand and
production of automobile. For instance, in 2017,
India became the fourth largest automobile
industry in the world, with increase in sales of
9.5 year-on-year to 4.2 million units. This rise
in automobile production in developing nations
has led to increased production of automotive
catalysts for emission control devices in
automobile exhaust systems. Thus, upsurge in
automobile production is anticipated to boost the
growth of the global automotive paint market.
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Automotive Paints Market

• Key Benefits for Automotive Paints Market
• This study presents the analytical depiction of
  the global automotive paints market analysis
  along with the current trends and future
  estimations.
• The overall opportunity is determined by
  understanding the profitable trends to gain a
  stronger foothold.
• The report presents information related to the
  key drivers, restraints, and opportunities of the
  global market with a detailed impact analysis.
• The current market is quantitatively analyzed
  from 2019 to 2026 to benchmark the financial
  competency.
• Porters five forces analysis illustrates the
  potency of the buyers and suppliers in the
  industry.

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Automotive Paints Market

• Major Companies
• BASF SE
• PPG
• Akzo Nobel N.V
• Axalta Coating Systems
• The Sherwin-Williams
• Kansai Paint Co.
• Nippon Paint Holdings Co.
• DuPont
• Clariant
• Solvay

COVID-19 impact
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Automotive Paints Market
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