Global Automotive Paints Market to Witness Impressive Growth, Revenue to Surge to USD 13.31 Billion By 2032

According to the report, the global Automotive Paints market size was valued at approximately USD 8.92 billion in 2023 and is predicted to reach around USD 13.31 billion by the end of 2032, expanding at a CAGR of around 4.1% from 2024 to 2032.  

The report covers forecast and analysis for the automotive paints market on a worldwide, regional and country level. The entire study covers the key drivers and restraints for the automotive paints market. It also provides the impact of the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the automotive paints market on a global level.

In order to offer the users of this report a comprehensive read on the automotive paints market, we've enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the automotive paints market has additionally been enclosed within the study. The study encompasses a market attractiveness analysis, whereby all segments are benchmarked supported by their market size, rate, and general attractiveness.

The report also covers the market share of the key participants’ operatives in the respective market across the world. In addition, the report covered the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations and joint ventures and regional growth of major participants concerned within the market on an international and regional basis. Additionally, it covers the product portfolio and patent analysis (2016-2020) divided into a patent trend, patent share by company and patent analysis under the region.

The study provides a crucial view of the automotive paints market by segmenting the market based on its segmentation. The segmentation included vehicle type, coat type, technology, texture, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. Based on vehicle type, the global automotive paints market included in this study are light commercial vehicles, heavy commercial vehicles, and passenger car types. Additionally, the regional classification includes the key countries and regions such as Europe, North America, Latin America, Asia Pacific, and Middle East & Africa.

The worldwide automotive paints market in 2023 was dominated by the Asia Pacific. It accounted for around 48% of the global market share. The rising middle-class population, improved living standards, shifting consumer preferences, rising economy and growing demand for luxurious vehicles are some of the major drivers for the automotive paint market in the Asia Pacific region. Whereas, the governmental norms against volatile organic compound (VOC) automotive paint in North America and Europe are expected to boost the automotive paint market in these regions.

The global automotive paints market is very competitive and consolidated by the presence of many small and big players. The top automotive paint producers mostly directly sell their paints to automotive manufacturers only. Thus, their largest market is the manufacturing and sale of new automobiles. Key players profiled in the report include BASF SE, Akzonobel N.V., PPG Industries Inc., Kansai Paint Co., Ltd., Paint Holdings Co., Ltd, Nippon, Valspar Corporation, and Arkema SA among others.

Browse the full “Automotive Paints Market By Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles, and Passenger Cars), By Coat Type (Electro coat, Primer, and Basecoat), By Technology (Solvent, Waterborne, and Powder Coating), By Texture (Solid And Metallic), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032” Report at https://www.zionmarketresearch.com/report/automotive-paints-market

The report segments the automotive paints market into:

By Type

• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Passenger Cars

By Material

• Electro coat
• Primer
• Basecoat
• Clear coat

By Application

• Solvent
• Waterborne
• Powder Coating

By Texture

• Solid
• Metallic

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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