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The report on the Global Automotive Paints Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Automotive paints are a multilayer coating system aiding in enhancing the look of the automobiles as well as protecting it against sunlight, oxidation, corrosion and scratches. The layers include a primer (as protector and leveler), a basecoat (has visual properties) and the final clearcoat (to resist abrasion). Automotive paints are composed of pigments, solvents, resins, and various additives. The pigment is responsible for the colour of the paints, solvents makes the paint easy to apply ,resins help it in drying and chemical additives to eliminate the flaws and defects that used to plague the finishes on automobiles.
Paints chemists have worked over the years to bring more durable and environment friendly (i.e. low VOC’s) paints – from solvent-based paints to water-borne paints. Similarly work has been done to minimize wastage in paints application techniques from air spray gun, high volume low pressure guns (HVLP), airless spray guns, electrostatic spraying to power coating and UV-cured coatings.
This report is segmented based on coating types, textures, vehicles, technologies techniques and geography. Primer and clearcoat were the major coating consumed by the automobile industry. Solid and Metallic paints are the most used textures by the industry. Passenger vehicle are the prime segment demand by the customers and produced by the industry. Water-borne paints are replacing solvent-borne paints.
Some of the major players operating in the automotive paints market include:
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