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.
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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-
- By Vehicle
- By Paint Type
- By Technology
- By Texture
- By Painting Equipment
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- 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.
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Automotive Paints Market Report Segment
By Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Passenger Cars
By Paint Type
- Primer
- Basecoat
- Clearcoat
- Electrocoat
By Technology
- Water Borne
- Solvent Borne
- Powder
By Texture
- Solid
- Metallic
- Matte
By Painting Equipment
- Airless Spray Gun
- Electrostatic Spray Gun
Automotive Paints Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Akzo Nobel
- Covestro AG
- Cresta India Pvt. Ltd.
- DuPont de Nemours, Inc.
- Fabula Coatings India Pvt. Ltd.
- Jotun A/S
- Kansai Paint Co., Ltd.
- Kwality Paints and Coatings Pvt. Ltd.
- Nippon Paint Holdings Co. Ltd.
- PPG Industries, Inc.
- Sheenlac Paints Ltd.
- The Sherwin-Williams Co.
- The Solvay Group
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