The global automotive paints market is anticipated to grow at a considerable CAGR of 4.2% during the forecast period (2022-2028). The production of cost-effective and eco-friendly automotive paints in the market by players is expected to provide lucrative growth in the market over the forecast. Eco-friendly paints enable players to make a positive impact on the environment. Moreover, eco-friendly paints are long-lasting, and Facilities maintenance reduces costs while using eco-friendly paints. For instance, in January 2021, India’s first ‘eco-friendly’ cow dung paint was launched. Khadi Prakritik Paint will be available in two forms - distemper and plastic emulsion. The ‘Khadi Prakritik Paint’ product is eco-friendly and non-toxic, with anti-fungal and anti-bacterial properties. With actual cow dung as its main ingredient, the paint is cost-effective and odorless. It has also been certified by the Bureau of Indian Standards.
Browse the full report description of “Global Automotive Paints Market Size, Share & Trends Analysis Report by Vehicle (Light Commercial Vehicle, Heavy Commercial Vehicle, and Passenger Cars), by Paint Type (Primer, Basecoat, Clearcoat, and Electrocoat) by Technology (Water Borne, Solvent Borne, and Powder), by Texture (Solid, Metallic, and Matte), and by Painting Equipment (Airless Spray Gun and Electrostatic Spray Gun) Forecast 2022-2028” at https://www.omrglobal.com/industry-reports/automotive-paints-market
For instance, in August 2021, Dulux from AkzoNobel launched India’s first USDA certified Bio-based Paint ‘Dulux Better Living Air Clean Biobased’. Dulux Better Living Air Clean Biobased has 26% bio-based content (derived from sustainable plant-based sources). Additionally, is the goodness of natural ingredients such as active bamboo charcoal and tea tree oil, that make it a smart and sustainable paint solution. Further, continuing to endear the super-premium Dulux brand to its customers are its Anti-Bacterial, no added Lead & Mercury, Anti-Fungal and Low Odour & Low VOC attributes.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Vehicle
o By Paint Type
o By Technology
o By Texture
o By Painting Equipment
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including 3M, Axalta Coatings Systems, BASF SE, Berger Paints, Clariant AG, Covestro AG, DuPont de Numerous, Inc., Fabula Coatings India Pvt. Ltd., Nippon Paint Holdings Co. Ltd., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Automotive Paints Market Report Segment
By Vehicle
By Paint Type
By Technology
By Texture
By Painting Equipment
Global Automotive Paints Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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